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Be aware of the tax consequences of selling business property - tax preparation in bel air md - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

Be aware of the tax consequences of selling business property

If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can…
Closing a business involves a number of tax responsibilities - tax accountant in baltimore county md - Weyrich, Cronin and Sorra

Tax Prep, Planning & Strategy

Closing a business involves a number of tax responsibilities

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to…
Federal court rejects FTC’s noncompete agreement ban-cpa in harford county md-Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Federal court rejects FTC’s noncompete agreement ban

In April 2024, the Federal Trade Commission (FTC) approved a final rule prohibiting most noncompete agreements with employees. The ban was scheduled…
Planning your estate? Don’t overlook income taxes - Estate Planning CPA in Elkton MD - weyrich, cronin and sorra

Estate & Wealth Transfer Planning

Planning your estate? Don’t overlook income taxes

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal…
If your business has co-owners, you probably need a buy-sell agreement - tax preparation in hunt valley md - weyrich, cronin and sorra

Management Advisory Services & Business Consulting

If your business has co-owners, you probably need a buy-sell agreement

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing…
Certain charitable donations allow you to avoid taxable IRA withdrawals - Tax accountants in washington dc - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

Certain charitable donations allow you to avoid taxable IRA withdrawals

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want…

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Hunt Valley Office

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Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

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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