2022 Tax Prep, Planning & Strategy Insights

Partners may have to report more income on tax returns than they receive in cash | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Partners may have to report more income on tax returns than they receive in cash

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more partnership…
Businesses will soon be able to deduct more under the standard mileage rate | tax accountant in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Businesses will soon be able to deduct more under the standard mileage rate

Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of…
2022 Q3 tax calendar: Key deadlines for businesses and other employers | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

2022 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this…
Is it a good time for a Roth conversion? | quickbooks consultant in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Is it a good time for a Roth conversion?

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline…
Social Security benefits: Do you have to pay tax on them? | quickbooks consultant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Social Security benefits: Do you have to pay tax on them?

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they…
Five tax implications of divorce | estate planning cpa in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Five tax implications of divorce

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be…

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