2024 Tax Prep, Planning & Strategy Insights

How your business can prepare for and respond to an IRS audit | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How your business can prepare for and respond to an IRS audit

The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its…
Unlock your child’s potential by investing in a 529 plan | tax preparation in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Unlock your child’s potential by investing in a 529 plan

If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans.…
Maximize your year-end giving with gifts that offer tax benefits | accountant in harford county md | weyrich, cronin and sorra

Tax Prep, Planning & Strategy

Maximize your year-end giving with gifts that offer tax benefits

As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential…
Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision | Business consulting services in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision

Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes.…
Businesses can still cut their 2024 taxes | cpa in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Businesses can still cut their 2024 taxes

President-Elect Trump will take power early next year along with a unified GOP Congress. However, it’s still unknown how the tax landscape…
Can homeowners deduct seller-paid points as the real estate market improves? | Accounting Firm in Alexandria VA | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Can homeowners deduct seller-paid points as the real estate market improves?

The recent drop in interest rates has created a buzz in the real estate market. Potential homebuyers may now have an opportunity to attain their…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
2 Jan

"It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues." https://bit.ly/48P0aCk

wcscpas Weyrich Cronin Sorra @wcscpas ·
31 Dec

"What triggers an IRS audit and how can you prepare if your business is selected?" https://bit.ly/3CFbIfi