Summer is a natural time to rest, recharge and enjoy a well-earned break from work. But many employees never fully use the paid time off available to them, leaving vacation days on the table and missing out on the benefits of time away. For employers, unused PTO can be more than just a lost perk […]
Author Archive: rudleradmin
Are After-Tax 401(k) Contributions the Right Choice for You?
If you participate in a company 401(k) plan, you may already be familiar with the two most common ways to save: traditional pre-tax contributions and Roth contributions. But some plans offer a lesser-known third option: after-tax contributions to a traditional 401(k) account. For certain savers, especially those who have already maxed out their elective deferrals, […]
What You Need to Know About Taxes on Self-Created Intangible Sales
Many business owners, entrepreneurs, and creators assume that the sale of a self-created intangible asset—such as intellectual property, a patent, a trademark, customer lists, or goodwill—will qualify for favorable capital gain treatment. However, the tax rules governing these transactions are often more complex than expected. Understanding the distinctions before entering into a sale can help […]
Looking for funding? Consider SBA loans
If you need financing to start or expand a small business, loan programs through the U.S. Small Business Administration (SBA) may be worth exploring. These loans often offer lower down payments, interest rates and borrowing fees, along with more flexible application requirements than some traditional financing. However, it is important to review the details carefully, […]
Protect yourself from IRS impersonators and other tax scams
Tax scammers continue to target individuals through email, text messages, phone calls and regular mail. Scammers can often use fear or a false sense of urgency to pressure victims into sharing sensitive information or sending money. The IRS reminds taxpayers to stay alert because scammers continually change tactics to steal personal and financial information. IRS […]
Self-employed? Don’t rule out a Roth IRA
Many small business owners dismiss Roth IRAs because they believe their income is too high for them to qualify to make Roth contributions. Others assume their current tax rate is higher than it will be in retirement, so they prioritize tax deductions now over tax-free income later. But overlooking a Roth IRA entirely could mean […]
Rising costs squeezing your business? Here’s how to fight back
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, […]
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 […]