Tax Prep, Planning & Strategy Insights

Selling your home for a big profit? Here are the tax rules | cpa in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Selling your home for a big profit? Here are the tax rules

Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the…
A tax-smart way to develop and sell appreciated land | tax accountant in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

A tax-smart way to develop and sell appreciated land

Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them…
Moving Mom or Dad into a nursing home? 5 potential tax implications | cpa in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Moving Mom or Dad into a nursing home? 5 potential tax implications

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking…
What’s in the Fiscal Responsibility Act? | tax accountants in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What’s in the Fiscal Responsibility Act?

President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy…
Social Security’s future: The problem and the proposals | accounting firm in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Social Security’s future: The problem and the proposals

Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security…
Retirement account catch-up contributions can add up | quickbooks consulting in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Retirement account catch-up contributions can add up

If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"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

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

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