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DOs and DON’Ts to help protect your business expense deductions | business consulting services in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

DOs and DON’Ts to help protect your business expense deductions

If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have…
The One, Big, Beautiful Bill Act extends many business-friendly tax provisions | accountant in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The One, Big, Beautiful Bill Act extends many business-friendly tax provisions

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the…
Are you missing a valuable tax deduction for Medicare premiums? | Tax Preparation in Cecil County MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you missing a valuable tax deduction for Medicare premiums?

If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to receive more comprehensive coverage.…
President Trump signs his One, Big, Beautiful Bill Act into law | Weyrich, Cronin & Sorra | accounting firm in Baltimore MD

Non-Profits

President Trump signs his One, Big, Beautiful Bill Act into law

On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax…
The One, Big, Beautiful Bill could change the deductibility of R&E expenses | accountant in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The One, Big, Beautiful Bill could change the deductibility of R&E expenses

The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies…
Put qualified charitable distributions to work for your nonprofit | Weyrich, Cronin & Sorra | cpa in washington dc

Non-Profits

Put qualified charitable distributions to work for your nonprofit

Individuals with traditional IRAs generally are mandated to start taking required minimum distributions (RMDs) after they reach age 73. However,…

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