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2024 tax calendar | tax preparation in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

2024 tax calendar

To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this summary of when various tax-related forms, payments…
Why your nonprofit shouldn’t operate like a for-profit business | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Non-Profits

Why your nonprofit shouldn’t operate like a for-profit business

Charlotte thought she knew everything about running a not-for-profit community hospital. So the CEO was shocked when the IRS contacted her hospital…
When are sponsorship and advertising payments subject to tax? | business consulting firms in dc | Weyrich, Cronin & Sorra

Non-Profits

When are sponsorship and advertising payments subject to tax?

Sponsorship and advertising dollars can provide a real boost to your not-for-profit organization’s income. However, if sponsors or advertisers…
The IRS unveils ERTC relief program for employers | tax preparation in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The IRS unveils ERTC relief program for employers

Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee…
The kiddie tax could affect your children until they’re young adults | tax preparation in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The kiddie tax could affect your children until they’re young adults

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax…
There’s a new threshold for electronically filing information returns | tax preparation in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

There’s a new threshold for electronically filing information returns

Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule…

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