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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…
6 tax-free income opportunities - Tax Accountants in Cecil County - Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

6 tax-free income opportunities

Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89