Tax Prep, Planning & Strategy Insights

Employers: The Social Security Wage Base is Increasing in 2022 | accountant in bel air md | WCS

Management Advisory Services & Business Consulting

Employers: The Social Security Wage Base is Increasing in 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022…
Engaging in Customer-Focused Strategic Planning | tax accountants in baltimore city | WCS

Management Advisory Services & Business Consulting

Engaging in Customer-Focused Strategic Planning

When creating or updating your strategic plan, you might be tempted to focus on innovative products or services, new geographic locations, or…
Vacation Home: How is your Tax Bill Affected if you Rent it Out? | business consulting services in baltimore md | WCS

Tax Prep, Planning & Strategy

Vacation Home: How is your Tax Bill Affected if you Rent it Out?

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The…
New Per Diem Business Travel Rates became Effective October 1 | Tax Accountant in Baltimore County MD | WCS

Tax Prep, Planning & Strategy

New Per Diem Business Travel Rates became Effective October 1

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per…
4 Ways to Refine your Cash Flow Forecasting | accountant in baltimore county md | WCS

Management Advisory Services & Business Consulting

4 Ways to Refine your Cash Flow Forecasting

Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up and…
Don’t Forget to Take State Estate Taxes into Account | estate planning cpa in baltimore county md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Don’t Forget to Take State Estate Taxes into Account

A generous gift and estate tax exemption means only a small percentage of families are currently subject to federal estate taxes. But it’s…

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