2025 Tax Prep, Planning & Strategy Insights

Receive $10,000 in cash at your business? The IRS wants to know about it | accountant in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Receive $10,000 in cash at your business? The IRS wants to know about it

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the…
Teachers and others can deduct eligible educator expenses this year — and more next year and beyond | accountant in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Teachers and others can deduct eligible educator expenses this year — and more next year and beyond

At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies,…
What do the 2026 cost-of-living adjustment numbers mean for you? | CPA in Harford County MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What do the 2026 cost-of-living adjustment numbers mean for you?

The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act (OBBBA) makes permanent…
Payroll tax implications of new tax breaks on tips and overtime | Weyrich, Cronin & Sorra | accounting firm in baltimore county md

Tax Prep, Planning & Strategy

Payroll tax implications of new tax breaks on tips and overtime

Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law…
New rules could boost your R&E tax savings in 2025 | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

New rules could boost your R&E tax savings in 2025

A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act…
New information return and payroll tax reporting rules require attention | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

New information return and payroll tax reporting rules require attention

The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
14 May

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There are a few more things to do once you’ve filed your 2025 income tax return … https://bit.ly/4tq2NUy