Tax Prep, Planning & Strategy Insights

It’s time for your small business to think about year-end tax planning | tax accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

It’s time for your small business to think about year-end tax planning

With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year and…
Now what? Assessing the likely tax impacts of the 2024 election | accountant in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Now what? Assessing the likely tax impacts of the 2024 election

President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal…
Are you liable for two additional taxes on your income? | Accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you liable for two additional taxes on your income?

Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and…
How the U.S. election changes the outlook for taxes | Accounting Firm in Baltimore MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How the U.S. election changes the outlook for taxes

The outcome of the November 5 election is likely to significantly impact taxes. Many provisions in President-elect Donald Trump’s signature…
Help ensure your partnership or LLC complies with tax law | Business consulting and accounting services in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Help ensure your partnership or LLC complies with tax law

When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are…
How much can you contribute to your retirement plan in 2025? The IRS just revealed the answer | tax accountant in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How much can you contribute to your retirement plan in 2025? The IRS just revealed the answer

The IRS has issued its 2025 inflation-adjusted contribution amounts for retirement plans in Notice 2024-80. Many retirement-plan-related limits…

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