Thinking about putting your business on the market? You can count on serious buyers to dig deep into your financials, operations, assets and legal agreements. The question is: will they find any red flags? Conducting presale financial due diligence puts you in control of the process. With the help of trusted financial and legal advisors, […]
Author Archive: rudleradmin
Think All Interest Is Non-Deductible? Think Again.
Most personal interest payments won’t lower your federal tax bill — but there are important exceptions that could put money back in your pocket. In fact, there are four types of interest that may still be deductible, including a brand-new opportunity created under the One Big Beautiful Bill Act (OBBBA), signed into law in 2025. […]
Are You Leaving Thousands on the Table with Your Business Vehicle?
If you used a vehicle for business in 2025, you could be sitting on significant tax savings — but only if you claim them correctly. From fuel and maintenance to depreciation, the IRS allows valuable deductions for business vehicle use. The catch? The rules are complex. Your deduction depends on key factors like the vehicle’s […]
ABCs of customer profitability
Some customers naturally require more time and resources than others. But when certain relationships consistently consume more of your and your employees’ time than they generate in profit, it may be time to reassess. Taking a closer look at customer level profitability can help you understand where resources are going and ensure that high value […]
Parents: Claim all the tax credits you’re entitled to
Raising a family comes with plenty of expenses, but it may also make you eligible for various tax breaks. Some of the most valuable are tax credits, because they reduce your tax liability dollar for dollar (unlike deductions, which only reduce the amount of income subject to tax). Here’s what you need to know. Child, […]
Deferring taxes on advance payments
An advance payment is one received by a business before it provides whatever is being paid for. For federal income tax purposes, generally advance payments must be reported as taxable income in the year received. This treatment always applies if your business uses the cash method of accounting for tax purposes. But, if your business […]
Why pay equity matters for both your workforce and your business
Pay equity focuses on ensuring employees are compensated fairly for comparable work using objective, job-related factors. For employers, maintaining equitable pay practices can support recruitment and retention, reinforce a positive workplace culture, and help reduce potential compliance risks. As labor markets remain competitive and compensation transparency grows, many businesses are taking a closer look at […]
Higher SALT deduction limits may make itemizing worth revisiting for 2025
When preparing your individual income tax return, one of the key decisions is whether to claim the standard deduction or itemize. Recent legislative changes from the One Big Beautiful Bill (OBBB) increase the state and local tax (SALT) deduction limit for 2025 that could shift that decision for many taxpayers. If you have significant property, […]
Depreciation Planning for 2025: Should You Accelerate Deductions or Spread Them Out?
As you prepare your 2025 tax return, certain elections made at filing can influence both your current tax bill and future savings. One key consideration for businesses is how aggressively to claim depreciation deductions on recent asset purchases. With expanded first-year bonus depreciation and higher Section 179 limits available, many taxpayers have opportunities to accelerate […]
Selecting the Ideal Venue for a Successful Company Retreat
As remote and hybrid work arrangements have become more prevalent, corporate retreats have gained momentum in recent years. One of the first decisions to make is whether to host a smaller gathering in your office or plan an off-site retreat. With thoughtful planning, either approach can be structured to fit a wide range of budgets.