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Power up your trust with Crummey powers | estate planning cpa in bel air md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Power up your trust with Crummey powers

The unified gift and estate tax exemption is set at an inflation-adjusted $12.06 million for 2022, up from $11.7 million for 2021. This means…
Eyes on related parties | business consulting firms in dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Eyes on related parties

Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries and affiliated entities — may sometimes…
Classify your nonprofit’s workers correctly — or risk repercussions | quickbooks consulting in alexandria va | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Classify your nonprofit’s workers correctly — or risk repercussions

Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling…
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…

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Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

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139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

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116 West Main Street
Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
13 Feb

"New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide." https://bit.ly/3PDkHBb

wcscpas Weyrich Cronin Sorra @wcscpas ·
11 Feb

"You may spend years building up your traditional IRA, but there is a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions." https://bit.ly/3C4uFbF