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The standard business mileage rate will be going up slightly in 2024 | accounting firm in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The standard business mileage rate will be going up slightly in 2024

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents…
Does your business have employees who get tips? You may qualify for a tax credit | cpa in alexandria va | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Does your business have employees who get tips? You may qualify for a tax credit

If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit…
Defer a current tax bill with a like-kind exchange | tax accountant in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Defer a current tax bill with a like-kind exchange

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the…
2024 tax calendar | tax preparation in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

2024 tax calendar

To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this summary of when various tax-related forms, payments…
The IRS unveils ERTC relief program for employers | tax preparation in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The IRS unveils ERTC relief program for employers

Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee…
The kiddie tax could affect your children until they’re young adults | tax preparation in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The kiddie tax could affect your children until they’re young adults

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax…

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