This past year has been one of the more challenging we have faced. Going forward, for as long as it’s useful, we will bring you a regular round up of relevant COVID-19 relief information highlighting what you need to know to manage through this crisis. Click here for key updates. Checklists for Paycheck Protection Credits […]
Author Archive: rudleradmin
How to Engage Using the Power of Story Telling
Whether you are a sales leader supporting your team or simply trying to close more deals, there is a powerful skill you may not have considered, storytelling. Telling a story is an engaging communication approach that delivers your message and influences buyers. This doesn’t mean devising fanciful, fictional tales to entice customers and prospects […]
How to make Tax Deductible Charitable Donations of Artwork
If you choose to make charitable donations of artwork, you may qualify for tax deductions. But there are a number of decisions to make and things to consider in determining the tax benefits for which you qualify. A charitable contribution of a work of art is subject to reduction if the charity’s use of […]
Important Tax Due Dates and Deadlines for 4th Quarter of 2021
Tax filing deadlines can creep up on you, and there’s nothing more frustrating than having to pay a fine that could have been avoided. Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be […]
Is your business website doing its job?
Social media is a large part of today’s marketing world if you are utilizing it properly. A few tools to implement with your company’s website can pay off big. In today’s data-driven world, business owners are constantly urged to track everything. And for good reason — having accurate, timely information displayed in an easy-to-understand […]
Tax Consequences for Gambling Winnings
Do you participate in online gambling or sports betting? Studies have found people have been engaging in these types of activities more since the pandemic began. Even if you don’t do online gambling there are also more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax […]
Reporting Mergers and Acquisitions to the IRS
Global merger and acquisition (M&A) activity has reached new highs in 2021, according to Refinitiv, a provider of financial data. It is important to familiarize yourself with the rules and process of reporting M&A activity. It is very important that all parties involved to report to the IRS and state agencies the same way. Low […]
The EIDL program has been retooled for still struggling small businesses.
Due to the spread of the Delta variant of COVID-19, many small businesses are still struggling with diminishing revenues and staffing shortages. In order to help, the Small Business Administration (SBA) has replenished its Economic Injury Disaster Loan (EIDL) program to offer targeted relief to eligible employees. A brief history The EIDL program was in […]
Is it beneficial for you to have a Health Savings Account?
Given the rise in health care costs, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet current and future medical needs. Here are the main tax benefits. Contributions made […]
Tax depreciation rules for business vehicles
Many businesses use vehicles as part of their day to day operations, but how do you know that you are getting the largest deduction possible out of them? The rules are complicated and in certain circumstances have special limitations that apply to them. Let’s discuss the rules that apply for tax depreciation on your business […]