Tax Prep, Planning & Strategy Insights

How inflation will affect your 2022 and 2023 tax bills | accountant in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How inflation will affect your 2022 and 2023 tax bills

The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year.…
Worried about an IRS audit? Prepare in advance | business consulting and accounting services in elkton | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Worried about an IRS audit? Prepare in advance

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report , but that’s little consolation…
Tax and other financial consequences of tax-free bonds | tax preparation in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Tax and other financial consequences of tax-free bonds

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally…
Investing in the future with a 529 education plan | Tax Accountants in Washington DC | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Investing in the future with a 529 education plan

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also…
Changes in Tax Treatment of R&D | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Changes in Tax Treatment of R&D

By Jonathan Davis If your business has substantial R&D expenses in 2022, you may want to do some tax planning to get an estimate of the…
Is your income high enough to owe two extra taxes? | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Is your income high enough to owe two extra taxes?

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Aug

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

wcscpas Weyrich Cronin Sorra @wcscpas ·
5 Aug

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