For those considering the sale of appreciated commercial or investment real estate, the prospect of a hefty tax bill on the gain might give pause. However, a strategic approach to defer such tax obligations exists through a Section 1031 “like-kind” exchange. This unique transaction allows you to exchange the property instead of selling it outright. […]

There is so much to do at the end of the year, but if you have been keeping up with your financials you will have a plethora of information from throughout the year. With this information you can spot positive and negative trends to help you plan and benchmark for the upcoming year. Benchmarking can […]

There are many reasons you may be moving to a new state. Whether you are retiring to a warmer environment, wanting to be closer to family, or moving for a new job, you don’t want to forget to factor state and local taxes into the decision – it may be more complex than you think.

When deducting automobile expenses you have the option of deducting your actual expenses or calculating the miles driven for business use multiplied by a factor. For 2024 that factor is going up by 1.5 cents per mile. So if you are using a car, van, pickup or panel truck for business, the cents-per-mile rate is […]

With the current year coming to an end, its time to start prepping for the new year and plan where you want to take your business. When it comes to success, the driving force behind most businesses is sales. Here are some big-picture ways to reinvigorate your company’s sales efforts heading into the new year.

There might come a day when you actually receive money from the courts. Monetary awards and settlements are often provided for an array of reasons. Some of this money is taxed by the federal government, and perhaps by state governments. Here are the basic rules — just in case you or a loved one does […]

Business owners and employers – get your calendars out and mark these dates! Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have questions about filing requirements, contact your Rudler, PSC advisor. We can ensure you’re meeting all applicable deadlines. January 16 (The usual […]

The business world today is quickly moving into the “data age”. There is data available for all aspects of your business to help improve decision making – that is if your able to capture it. The race to keep up with the competition will often come down to who has the best information needed to […]

Do you employ a housekeeper, gardener, or other household employee? You may be under the impression the “nanny tax” does not apply in your situation, but there is a good chance it does. It is likely you are on the hook for federal income tax, FICA taxes, and potentially state taxes. If you employ a […]

Are you considering giving your employees or customers a holiday gift or bonus? Or maybe throwing a holiday party to illustrate your appreciation? Then now is a great time to review the tax implications associated with gifts and parties. The line between deductible and non-deductible or taxable value vs nontaxable value can sometimes be a […]