Tax Prep, Planning & Strategy Insights

4 ideas that may help reduce your 2023 tax bill | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

4 ideas that may help reduce your 2023 tax bill

If you’re concerned about your 2023 tax bill, there may still be time to reduce it. Here are four quick strategies that may help you trim your…
The Social Security wage base for employees and self-employed people is increasing in 2024 | accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The Social Security wage base for employees and self-employed people is increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024…
Key 2024 inflation-adjusted tax amounts for individuals | cpa in elkton md | Weyrich, Cronin, and Sorra

Tax Prep, Planning & Strategy

Key 2024 inflation-adjusted tax amounts for individuals

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income…
What you need to know about restricted stock awards and taxes | accountant in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What you need to know about restricted stock awards and taxes

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of…
11 Exceptions to the 10% penalty tax on early IRA withdrawals | accountant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

11 Exceptions to the 10% penalty tax on early IRA withdrawals

If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before…
5 strategies to cut your company’s 2023 tax bill | accounting firm in hunt valley md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

5 strategies to cut your company’s 2023 tax bill

As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
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"But the IRS also indicated in Notice 2024-35 that forthcoming final regulations for the rule will apply for the purposes of determining RMDs from such accounts in 2025." https://bit.ly/3UgSr9t

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