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Hiring independent contractors? Make sure you’re doing it right | tax preparation in cecil county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Hiring independent contractors? Make sure you’re doing it right

Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re…
Understanding the “step-up in basis” when inheriting assets | tax accountant in bel air md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Understanding the “step-up in basis” when inheriting assets

If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called…
What tax documents can you safely shred? And which ones should you keep? | CPA in Alexandria VA | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What tax documents can you safely shred? And which ones should you keep?

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching…
Explore SEP and SIMPLE retirement plans for your small business | Quickbooks Consulting in Washington DC | Weyrich, Cronin & Sorra

Services

Explore SEP and SIMPLE retirement plans for your small business

Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial…
Discover if you qualify for “head of household” tax filing status | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Discover if you qualify for “head of household” tax filing status

When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately,…
Are you a tax-favored real estate professional? | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you a tax-favored real estate professional?

For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer…

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