Tax Prep, Planning & Strategy Insights

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…
The tax consequences of employer-provided life insurance | quickbooks consulting in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The tax consequences of employer-provided life insurance

If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
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"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

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The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89