Tax Prep, Planning & Strategy Insights

Tax Depreciation Rules for Business Automobiles | accounting firm in MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Tax Depreciation Rules for Business Automobiles

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated,…
Selling a Home: Will you Owe Tax on the Profit? | tax preparation in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Selling a Home: Will you Owe Tax on the Profit?

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median…
Think like a Lender before Applying for a Business Loan | tax preparation in harford county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Think like a Lender before Applying for a Business Loan

Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck Protection…
Want to Find Out what IRS Auditors know about your Business Industry? | tax accountants in harford county | Weyrich, Cronin & Sorra

Accounting & Assurance

Want to Find Out what IRS Auditors know about your Business Industry?

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s…
Tax Consequences of Employer Provided Life Insurance | business consulting and accounting services in baltimore county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Tax Consequences of Employer Provided Life Insurance

Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and the…
IRS Guidance Addresses COBRA Assistance under ARPA | baltimore, md cpa | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS Guidance Addresses COBRA Assistance under ARPA

In Notice 2021-46, the IRS recently issued additional guidance on the COBRA premium assistance provisions of the American Rescue Plan Act (ARPA). Under…

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