When inflation rises, your margins can feel the pressure fast. For the 12 months ending in April 2026, the U.S. inflation rate was 3.8%, according to the U.S. Bureau of Labor Statistics. But your business’s real-world costs — products, materials, labor, shipping and everyday operating expenses — may be climbing even faster. To stay ahead, […]
Author Archive: rudleradmin
Donating artwork? Know what your deduction is really worth
Gifting artwork to charity can be a meaningful way to support an organization you care about while potentially receiving a tax benefit. However, the deduction you’re eligible for may vary based on who receives the artwork, how the charity intends to use it and whether you meet the required documentation and appraisal rules. Relation to […]
Is your business “small” enough to qualify for big tax breaks?
Your business may feel large to you, but the IRS and other government agencies may define its size differently depending on the tax provision involved. Qualifying as a “small business” can open the door to valuable tax advantages, but the rules aren’t one-size-fits-all. You may be eligible for some small business breaks while missing out […]
Endow Kentucky Tax Credit for 2026 Due July 1st
Beginning July 1, $2 million in tax credits will be available. Because these credits have historically been claimed quickly, applicants should be ready to submit their applications when the program opens — ideally on July 1, but no later than July 7. The Endow Kentucky Tax Credit allows Kentucky income taxpayers (individuals and businesses) to […]
What you need to know about business insurance
Given the many potential threats to your business’s assets, cash flow and human resources, which types of insurance products and how much coverage do you need? It helps to first understand what’s available. Some organizations pay for policies that don’t make sense based on their industry or operations. Others have inadequate coverage where risk may […]
Moving to a new state? Review the tax implications first
Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely from state to state. And establishing residency for tax purposes may be more complicated than you expect. Before moving, be sure you understand how changing states could affect your overall tax situation. A variety […]
Tax identity theft: Businesses are at risk, too
Tax identity theft isn’t limited to individual taxpayers — businesses are also targeted through their Employer Identification Numbers (EINs), payroll systems and tax filings. The financial impact of these crimes can be significant. Here’s what you need to know to protect your business. Businesses may face delayed or stolen tax refunds, unauthorized payroll filings, and […]
Affordable retirement plan options for small businesses
Offering retirement benefits may seem out of reach for small businesses operating on tight budgets, but there are cost-effective options that can still provide meaningful savings opportunities for employees. SEP IRAs and SIMPLE IRAs are two retirement plan alternatives designed specifically for smaller employers, with lower administrative costs and easier setup requirements than traditional 401(k) […]
Is your tax withholding is still on track for 2026?
More taxpayers saw a larger 2025 tax liability than they may have had in recent past years. Federal income tax withheld from your salary or wage has a direct correlation to your tax refund or liability on your annual tax return. If you are overwithheld, that is akin to giving the IRS an interest-free loan, […]
Unlock hidden tax savings with a cost segregation study
Owners of commercial real property often miss a valuable tax savings opportunity. A cost segregation study is a pivotal mechanism combining accounting and engineering expertise to pinpoint portions of a building that may qualify for shorter depreciation periods and accelerated tax deductions. By strategically reclassifying certain building components from real property to personal property, businesses […]