Insights

When partners pay expenses related to the business - accounting firm in Cecil County MD - weyrich, cronin and sorra

Management Advisory Services & Business Consulting

When partners pay expenses related to the business

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships…
Disaster relief charities: Know the rules before providing aid - tax accountants in Washington DC - weyrich, cronin and sorra

Non-Profits

Disaster relief charities: Know the rules before providing aid

The United States is entering the most natural-disaster-prone time of the year. Tornadoes are most likely to occur in May, and the Atlantic hurricane…
The pros and cons of turning your home into a rental - tax preparation in alexandria va - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

The pros and cons of turning your home into a rental

If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and…
Watch out for “income in respect of a decedent” issues when receiving an inheritance - tax accountant in washington dc - weyrich, cronin and sorra

Estate & Wealth Transfer Planning

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to…
Nonprofits don’t lose as much to fraud, but risk requires action - accounting firm in bel air md - weyrich, cronin, and sorra

Non-Profits

Nonprofits don’t lose as much to fraud, but risk requires action

According to the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer…
Taxes when you sell an appreciated vacation home - cpa in elkton md - weyrich, cronin, and sorra

Tax Prep, Planning & Strategy

Taxes when you sell an appreciated vacation home

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios…

Connect with Us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.

Our Services

Our Industry Expertise

Inspiring your corner of the world.

Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

Elkton Office

116 West Main Street
Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
11 Jul

There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partner are planning to admit a new partner. The new partner will acquire a one-third interest in the partnership.

wcscpas Weyrich Cronin Sorra @wcscpas ·
4 Jul

"After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways." https://bit.ly/3VXtZvP