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New option for unused funds in a 529 college savings plan | cpa in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

New option for unused funds in a 529 college savings plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t…
Independent contractor vs. employee status: The DOL issues new final rule | cpa in bel air md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Independent contractor vs. employee status: The DOL issues new final rule

The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee…
Tax-favored Qualified Small Business Corporation status could help you thrive | accountant in elkton md | Weyrich, Cronin, and Sorra

Management Advisory Services & Business Consulting

Tax-favored Qualified Small Business Corporation status could help you thrive

Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible stock…
Should your business offer the new emergency savings accounts to employees? | tax accountant in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Should your business offer the new emergency savings accounts to employees?

As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings…
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims | business consulting services in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Update on IRS efforts to combat questionable Employee Retention Tax Credit claims

The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that…
Why uncertainty calls for a more flexible budget | accounting firm in harford county md | Weyrich, Cronin & Sorra

Non-Profits

Why uncertainty calls for a more flexible budget

Economic, social and political events in 2024 have the potential to negatively influence your not-for-profit’s budget. So if you generally…

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