Tax Prep, Planning & Strategy Insights

IRS Extends Administrative Relief for 401(k) Plans | Business Consulting and Accounting Services in Baltimore County | Weyrich, Cronin & Sorra

Industries

IRS Extends Administrative Relief for 401(k) Plans

As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the…
10 Fact: Pass-Through Deduction for Qualified Business Income | Tax Preparation in Alexandria | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

10 Fact: Pass-Through Deduction for Qualified Business Income

Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the…
Make Health Care Decisions While You’re Healthy | Tax Accountants in Washington DC | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Make Health Care Decisions While You’re Healthy

Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This…
Are you a Nonworking Spouse? You Could Still Contribute to an IRA | Business Consulting Services | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you a Nonworking Spouse? You Could Still Contribute to an IRA

Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that…
Tax Advantages of Hiring your Child at your Small Business | Accounting Firm in Maryland | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Tax Advantages of Hiring your Child at your Small Business

As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here are…
Ensure Competitive Intelligence Efforts are Helpful, not Harmful | Accountant in Baltimore County | Weyrich, Cronin & Sorra

Industries

Ensure Competitive Intelligence Efforts are Helpful, not Harmful

With so many employees working remotely these days, engaging in competitive intelligence has never been easier. The Internet as a whole, and…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
24 Dec

"Changes are coming to the Social Security system in 2025 in the form of a higher wage base. Next year’s threshold amount was recently announced by the Social Security Administration. Here’s the amount, along with what it means for your business." https://bit.ly/40GSO1Q

wcscpas Weyrich Cronin Sorra @wcscpas ·
19 Dec

"College costs have gone up sharply in the past few decades, so starting to save early is a smart move. One option is to invest in a tax-advantaged 529 plan." https://bit.ly/40O2h7n