Tax Prep, Planning & Strategy Insights

Are you married and not earning compensation? You may be able to put money in an IRA | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you married and not earning compensation? You may be able to put money in an IRA

When one spouse in a married couple is not earning compensation, the couple may not be able to save as much as they need for a comfortable retirement.…
The best way to survive an IRS audit is to prepare | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The best way to survive an IRS audit is to prepare

The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as compared with prior…
That email or text from the IRS: It’s a scam! | cpa in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

That email or text from the IRS: It’s a scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come…
Reduce the impact of the 3.8% net investment income tax | tax accountants in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Reduce the impact of the 3.8% net investment income tax

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s…
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…

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If your nonprofit must cut costs, be careful not to slash funding for fraud prevention. Fraud losses can be devastating, and expenditures for cybersecurity and outsourced accounting are recommended. https://bit.ly/40rAucc

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The One, Big, Beautiful Bill Act is changing tax policy. Find out how it will affect you. https://bit.ly/4o2hs6e