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Tax issues to assess when converting from a C corporation to an S corporation | quickbooks consulting in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Tax issues to assess when converting from a C corporation to an S corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations…
Once you file your tax return, consider these 3 issues | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Once you file your tax return, consider these 3 issues

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been successfully filed with the IRS, there…
Establish a tax-favored retirement plan | quickbooks consultant in alexandria va | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Establish a tax-favored retirement plan

If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for…
Clarity counts when it comes to estate planning documents | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Clarity counts when it comes to estate planning documents

Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation to litigation. An example…
When inheriting money, be aware of “income in respect of a decedent” issues | tax accountant in alexandria va | WCS

Estate & Wealth Transfer Planning

When inheriting money, be aware of “income in respect of a decedent” issues

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain…
Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions | cpa in alexandria va | WCS

Management Advisory Services & Business Consulting

Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when…

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