Tax Prep, Planning & Strategy Insights

Use the tax code to make business losses less painful | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Use the tax code to make business losses less painful

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing…
Questions you may still have after filing your tax return | quickbooks consulting in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Questions you may still have after filing your tax return

If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions…
4 tax challenges you may encounter if you’re retiring soon | quickbooks consulting in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

4 tax challenges you may encounter if you’re retiring soon

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s…
There’s a favorable “stepped-up basis” if you inherit property | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

There’s a favorable “stepped-up basis” if you inherit property

A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an…
Paperwork you can toss after filing your tax return | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Paperwork you can toss after filing your tax return

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records.…
Have you recently reviewed your life insurance needs? | tax accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Have you recently reviewed your life insurance needs?

Once upon a time, life insurance played a much larger part in an estate plan than it does now. Why? Families would use life insurance payouts…

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