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Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns | cpa in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions.…
Avoiding inadvertent S corp termination | business consulting services in baltimore county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Avoiding inadvertent S corp termination

S corporation structure provides most of the tax benefits of a partnership plus the liability protection of a corporation. But because of the…
There’s still time to set up a SEP and reduce your 2025 taxes | accounting firm in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

There’s still time to set up a SEP and reduce your 2025 taxes

If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you…
When medical expenses are — and aren’t — tax deductible | tax accountants in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

When medical expenses are — and aren’t — tax deductible

If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds…
Tax filing update for pass-through entities | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Tax filing update for pass-through entities

Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation?…
Before claiming a charitable deduction for 2025, make sure you can substantiate it | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Before claiming a charitable deduction for 2025, make sure you can substantiate it

If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last…

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Hunt Valley Office

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

Bel Air Office

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

Elkton Office

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

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wcscpas Weyrich Cronin Sorra @wcscpas ·
14 May

Suspected employee fraud can shake any nonprofit. But a thoughtful, well-coordinated response can help mitigate the impact and safeguard your mission. For some practical steps, start here. https://bit.ly/4ttJ3zD

wcscpas Weyrich Cronin Sorra @wcscpas ·
12 May

There are a few more things to do once you’ve filed your 2025 income tax return … https://bit.ly/4tq2NUy