Tax Prep, Planning & Strategy Insights

SECURE 2.0 law may make you more secure in retirement | tax accountant in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

SECURE 2.0 law may make you more secure in retirement

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years.…
The standard business mileage rate is going up in 2023 | tax preparation in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The standard business mileage rate is going up in 2023

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible…
2023 Q1 tax calendar: Key deadlines for businesses and other employers | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

2023 Q1 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this…
Answers to your questions about taking withdrawals from IRAs | cpa in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Answers to your questions about taking withdrawals from IRAs

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including…
Selling stock by year-end? Watch out for the wash sale rule | accounting firm in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Selling stock by year-end? Watch out for the wash sale rule

If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for…
How savings bonds are taxed | tax preparation in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How savings bonds are taxed

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
13 Feb

"New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide." https://bit.ly/3PDkHBb

wcscpas Weyrich Cronin Sorra @wcscpas ·
11 Feb

"You may spend years building up your traditional IRA, but there is a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions." https://bit.ly/3C4uFbF