How you much you pay in Social Security tax depends on how you are employed. While many people may not understand how the tax works, understanding how it comes out of your paycheck can be useful, especially when the ceiling increases each year. If you’re an employee If you’re an employee, your wages are hit […]

If you are considering hiring your child as an employee this summer, there are several things you be aware of so that you can both use the period to your advantages. As an actual employee, there are many tax benefits for your child that will also be beneficial for your business. Benefits for your child […]

From day one, business owners are encouraged to closely monitor cash flow. Even companies with high sales can encounter major issues if they don’t have the liquidity to pay employees and cover expenses. Below are four strategies to help businesses to improve cash flow management. 1. Stick with the budget Although creating and maintaining a […]

Are you considering investing in mutual funds or you already have a mutual fund investment account? In 2023, 116 million individual U.S investors owned mutual funds, according to the Investment Company Institute. Despite their popularity, the tax regulations associated with the selling mutual fund shares can be complicated. Review the basic rules Let’s say you […]

The main goal is to ensure your business pays the minimum required estimated tax to avoid penalties for underpayment. Let’s review the rules for computing corporate federal estimated payments. Four possible options The required installment of estimated tax that a corporation must pay to avoid a penalty is the lowest amount determined under one of […]

During strategic planning, business owners and their leadership teams meet to address questions such as “What strategies can we implement to safely grow our company to reach the next level of success?” However, in today’s highly transparent world, companies can be cast in a negative light by inadvertently failing to see the big picture in […]

Are you an older taxpayer who owns a home that has greatly appreciated? At the same time, do you need income? Taking out a reverse mortgage may be a solution for you. Reverse mortgage basics With a reverse mortgage, the borrower does not make payments to the lender to pay down the mortgage principal over […]

Recently, the IRS released new guidance outlining the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts undergo adjustments annually, based on inflation. The adjustments are announced earlier in the year than other inflation-adjusted amounts, allowing employers to get prepared for the upcoming year. Below our team at Rudler breaks out the fundamentals of […]

If you own a business, you are often urged to develop succession plans so their companies will continue into the future, either by passing on to the next generation, or another owner, in a manner that best ensures continued success. Succession planning should best be viewed from three separate but parallel timelines: Ideally, the succession […]

If you are taking care of an elderly relative, there are many rewards. They may include feeling needed, making a difference in the person’s life and allowing the person to receive quality care. In addition to the personal rewards, you may also be eligible for tax breaks. Here’s a rundown of four of them: 1. […]