2022 Tax Prep, Planning & Strategy Insights

Did you give to charity in 2021? Make sure you have substantiation | accountant in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Did you give to charity in 2021? Make sure you have substantiation

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what…
Entrepreneurs and taxes: How expenses are claimed on tax returns | tax preparation in cecil county md | WCS

Tax Prep, Planning & Strategy

Entrepreneurs and taxes: How expenses are claimed on tax returns

While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number…
Numerous tax limits affecting businesses have increased for 2022 | tax preparation in harford county md | WCS

Tax Prep, Planning & Strategy

Numerous tax limits affecting businesses have increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of…
Help safeguard your personal information by filing your 2021 tax return early | tax accountant in baltimore md | WCS

Tax Prep, Planning & Strategy

Help safeguard your personal information by filing your 2021 tax return early

The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.)…
Smooth sailing: Tips to speed processing and avoid hassles this tax season | Tax Preparation in Baltimore County MD | WCS

Tax Prep, Planning & Strategy

Smooth sailing: Tips to speed processing and avoid hassles this tax season

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to…
Many factors are involved when choosing a business entity | business consulting services in baltimore md | WCS

Tax Prep, Planning & Strategy

Many factors are involved when choosing a business entity

Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
16 May

"But the IRS also indicated in Notice 2024-35 that forthcoming final regulations for the rule will apply for the purposes of determining RMDs from such accounts in 2025." https://bit.ly/3UgSr9t

wcscpas Weyrich Cronin Sorra @wcscpas ·
14 May

"If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept." https://bit.ly/3VXkw84