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Making withdrawals from your closely held corporation that aren’t taxed as dividends | Tax Accountants in Alexandria | WCS

Management Advisory Services & Business Consulting

Making withdrawals from your closely held corporation that aren’t taxed as dividends

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend.…
tax preparation in washington dc | Let your financial statements guide you to optimal business decisions | WCS

Management Advisory Services & Business Consulting

Let your financial statements guide you to optimal business decisions

Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how…
Married couples filing separate tax returns: Why would they do it? | tax accountants in washington dc | WCS

Tax Prep, Planning & Strategy

Married couples filing separate tax returns: Why would they do it?

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In…
Did you give to charity in 2021? Make sure you have substantiation | accountant in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Did you give to charity in 2021? Make sure you have substantiation

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what…
Entrepreneurs and taxes: How expenses are claimed on tax returns | tax preparation in cecil county md | WCS

Tax Prep, Planning & Strategy

Entrepreneurs and taxes: How expenses are claimed on tax returns

While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number…
Numerous tax limits affecting businesses have increased for 2022 | tax preparation in harford county md | WCS

Tax Prep, Planning & Strategy

Numerous tax limits affecting businesses have increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of…

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Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

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Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

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Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

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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