2024 Tax Prep, Planning & Strategy Insights

Certain charitable donations allow you to avoid taxable IRA withdrawals - Tax accountants in washington dc - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

Certain charitable donations allow you to avoid taxable IRA withdrawals

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want…

Tax Prep, Planning & Strategy

Vote WCS for Cecil’s Best Accounting Firm

We're happy to announce that we're up for Cecil's Best Accounting Firm. Help us win this esteemed title by voting for us! Follow the link below…
Social Security tax update: How high can it go? - Tax preparation in Elkton MD - Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Social Security tax update: How high can it go?

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people…
House rich but cash poor? Consider a reverse mortgage strategy - Tax preparation in Cecil County MD - Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

House rich but cash poor? Consider a reverse mortgage strategy

Are you an older taxpayer who owns a house that has appreciated greatly? At the same time, you may need income. Thankfully, there could be a…
Hiring your child to work at your business this summer - Quickbooks consultant in Washington DC - Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Hiring your child to work at your business this summer

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge,…
When do valuable gifts to charity require an appraisal? - estate planning cpa in alexandria va - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

When do valuable gifts to charity require an appraisal?

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires…

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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 ·
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