Services Insights

Tax Prep, Planning & Strategy

Thinking about converting from a C corporation to an S corporation?

The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax…

Tax Prep, Planning & Strategy

UPDATE: Recent Tax Legislature Changes in response to COVID-19

Tax Filings Tax forms and payments won’t be due to the Internal Revenue Service until July 15 this year, Treasury Secretary Steven Mnuchin…

Tax Prep, Planning & Strategy

Accelerate depreciation deductions with a cost segregation study

Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should…

Tax Prep, Planning & Strategy

Setting up a Health Savings Account for your small business

Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored…

Tax Prep, Planning & Strategy

Understanding and controlling the unemployment tax costs of your business

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year.…

Tax Prep, Planning & Strategy

The chances of an IRS audit are low, but business owners should be prepared

Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year…

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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

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wcscpas Weyrich Cronin Sorra @wcscpas ·
1 Jan

AI and other new technologies promise nonprofits greater productivity and improved outcomes. Yet they may also open the door to fraud. Act now to prevent bad actors from exploiting possible vulnerabilities. https://bit.ly/4rDFypR

wcscpas Weyrich Cronin Sorra @wcscpas ·
30 Dec

Taxpayers subject to the 15% or 20% long-term capital gains tax rate can still benefit from the 0% rate. Here’s how.