2023 Tax Prep, Planning & Strategy Insights

The Social Security wage base for employees and self-employed people is increasing in 2024 | accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The Social Security wage base for employees and self-employed people is increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024…
Key 2024 inflation-adjusted tax amounts for individuals | cpa in elkton md | Weyrich, Cronin, and Sorra

Tax Prep, Planning & Strategy

Key 2024 inflation-adjusted tax amounts for individuals

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income…
What you need to know about restricted stock awards and taxes | accountant in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What you need to know about restricted stock awards and taxes

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of…
11 Exceptions to the 10% penalty tax on early IRA withdrawals | accountant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

11 Exceptions to the 10% penalty tax on early IRA withdrawals

If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before…
5 strategies to cut your company’s 2023 tax bill | accounting firm in hunt valley md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

5 strategies to cut your company’s 2023 tax bill

As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your…
The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning? | accounting firm in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?

The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over…

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