The business entity type you choose to operate you company as will make a big difference. Both your personal and company liability are affected, as well as your tax bill or other issues. There are many benefits that may result from choosing an LLC. A limited liability company (LLC) is a common choice that allows […]

 A robust brand can drive revenue growth, whereas a weaker brand might hinder sales opportunities and impede growth. That’s why many companies conduct brand audits — essentially, formal reviews of a brand’s efficacy and market standing. As a business owner, you’ve probably dedicated considerable time and effort in developing your company’s brand. This process probably […]

 If you have a high income , you might be liable for two extra taxes: the 3.8% Net Investment Income Tax(NIIT) and the 0.9% additional Medicare tax on wages and self-employment income. Let’s explore and how they could impact you. 1. The NIIT In addition to income tax, this tax applies on your net investment […]

Partnerships and multi-member LLCs, treated as partnerships for tax purposes, are frequently used for business and investment activities. A key advantage of these entities is the federal income tax benefit of pass -through taxation. However, they must also adhere to certain complex federal income tax rules. Governing documents A partnership is governed by a partnership […]

Selecting a successor often presents the greatest challenge in succession planning for many business owners. Even more challenging is the fact that many business owners’ initial selections for a successor often fall short. If you encounter this scenario, contact your Rudler advisor. There are deliberate steps we can take to resolve the matter. This decision […]

During the pandemic, many employees transitioned to remote work and continue doing so today. Remote work offers numerous advantages for both employers and employees, making it a lasting trend in many industries. However, it may also lead to some tax implications, especially when employees work across state borders. Double taxation may occur It is not […]

Your businesses can chose between using the cash or accrual method for tax purposes. The cash method can often offer significant tax advantages to those who qualify. However, certain businesses may find the accrual method more beneficial for their purposes. With that being said, contact your Rudler advisor as it is essential to assess your […]

It has become common for companies to have employee assistance programs (EAPs) for things such as mental health, substance abuse, and financial challenges. Whether your company is considering an EAP or already offers one, among the most important factors to keep in mind is compliance. Whether your company is considering an EAP or already offers […]

Navigating the intricacies of tax law can be challenging, especially when faced with an unforeseen tax bill stemming from errors made by a spouse or ex-spouse. This issue often arises due to the principle of “joint and several” liability. When a married couple files a joint tax return, both spouses are individually responsible for the […]

Taxes on real estate gains can vary depending on your situation. However, it’s important to note that some real estate gains could be taxed at higher rates due to depreciation deductions. Here’s an overview of the federal income tax implications that could affect real estate gains. For example, If you sell real estate that you’ve […]