Tax Prep, Planning & Strategy Insights

IRS offers a withdrawal option to businesses that claimed ERTCs | accounting firm in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS offers a withdrawal option to businesses that claimed ERTCs

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity…
Plan now for year-end gifts with the gift tax annual exclusion | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Plan now for year-end gifts with the gift tax annual exclusion

Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones.…
Investment swings: What’s the tax impact? | accounting firm in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Investment swings: What’s the tax impact?

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided…
4 ways to reduce volunteer risk | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

4 ways to reduce volunteer risk

Most not-for-profits regard their volunteers as invaluable assets. After all, if it weren’t for your volunteers’ dedication and commitment,…
Private foundations: “Disqualified persons” must color within the lines | tax accountants in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Private foundations: “Disqualified persons” must color within the lines

Although conflict-of-interest policies are essential for all not-for-profits, private foundations must be particularly careful about adhering…
IRS issues guidance on new retirement catch-up contribution rules | tax accountant in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS issues guidance on new retirement catch-up contribution rules

In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
5 Dec

"If you’re feeling generous as we head toward the holidays, you may want to give cash gifts to your loved ones. You may also want to steer clear of gift tax implications." https://bit.ly/4ex2oaX

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