Running a successful business calls for constantly balancing the revenue you have coming in with the money you must pay out to remain operational and grow. Regarding that second part, careful accounts payable (AP) management is critical to strengthening your company’s financial position. Proper AP management enables you to maintain strong relationships with vendors, suppliers […]
Author Archive: rudleradmin
Adapting to SALT Cap Changes and PTET: Key Insights for Individuals and Pass-Through Entity Owners
Recent tax legislation, known as the One Big Beautiful Bill Act (OBBBA), has introduced important adjustments to the federal limitation on state and local tax (SALT) deductions—commonly referred to as the SALT cap—beginning with the 2025 tax year. Combined with the ongoing availability of Pass-Through Entity Tax (PTET) regimes, these changes create fresh opportunities for […]
Major Updates to R&D Tax Incentives Under the One Big Beautiful Bill Act (OBBBA): What Your Business Needs to Know
The recently enacted One Big Beautiful Bill Act (OBBBA) brings significant and favorable changes to the tax treatment of research and development (R&D) expenditures for U.S. businesses. These updates are designed to encourage innovation, support domestic investment, and simplify compliance for taxpayers engaged in R&D activities. Below, we outline the key changes, their impact on […]
How the One Big Beautiful Bill (OBBBA) Changes the SALT Cap for Businesses: What You Need to Know
The One Big Beautiful Bill Act (OBBBA), signed into law in 2025, brings significant changes to the federal tax rules, including how state and local taxes (SALT) are deducted by both individuals and businesses. If you own or operate a business, understanding these changes is important for your tax planning and bottom line. This article […]
Safe Harbor 401(K)s: An Easier Way for Businesses to Offer Retirement Plans.
For many small and midsize businesses, setting up a qualified retirement plan can be challenging due to complicated administrative rules. As a busy business owner, you may not want to deal with IRS-required testing that can bring added stress, time, and expense. If that’s the only thing holding you back, consider a safe harbor 401(k) […]
New Extra Tax Deduction for Seniors in 2025
The recently enacted One Big Beautiful Bill Act (OBBBA) brings a welcome change for seniors when it comes to their taxes. Beginning with the 2025 tax year, individuals age 65 and older will be able to take advantage of a new, additional deduction designed to provide extra tax relief. How Much Is the Deduction and […]
New Law Supercharges Business Deductions: What You Need to Know About Bonus Depreciation and Section 179 in 2025
The recently enacted One Big Beautiful Bill Act (OBBBA) delivers major upgrades to business tax incentives, particularly in the areas of bonus depreciation and Section 179 expensing. These changes are designed to encourage investment in business property by making it easier and more beneficial for businesses to immediately deduct the cost of qualifying assets. Here’s […]
One Big Beautiful Bill Act
The “One Big Beautiful Bill Act” (OBBB) represents the most sweeping set of tax reforms since the Tax Cuts and Jobs Act (TCJA) of 2017. The OBBB extends, enhances, and in some cases fundamentally restructures a wide range of tax provisions affecting both individuals and businesses. Below, we break down the most significant changes and […]
Efficiency: The Essential Guide to Upgrading Your Accounting Software
When considering the most essential software for your business, your initial focus is likely on the platforms that directly support the production or delivery of your products and services – and understandably so. However, accounting software is often nearly as critical. This system records every financial transaction within your organization, so it must remain secure, […]
College Financial Aid and Taxes Explained: Key Facts for Families
College is a significant financial investment. According to the College Board, average tuition and fees for the 2024-2025 academic year are $43,350 at private institutions. Out-of-state students at public colleges can expect to pay an average of $30,780, while in-state students pay approximately $11,610. In addition to tuition and fees, students should also consider expenses […]