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 […]

Many business are struggling to fill open positions and add talent in this job market. As a result, it’s important for businesses to constantly reevaluate where to look for applicants and the candidates to focus on. In October, global employment nonprofit Generation, in partnership with the Organization for Economic Co-operation and Development (OECD), released a […]

Feeling uneasy about your 2023 tax bill? You might still have time to decrease it! Before year-end here are some quick actions that might help you reduce your taxes. 1. Accelerate deductions and/or defer income. Certain tax deductions are claimed in the year of payment, such as the mortgage interest deduction. So, if you make […]

Having a company car to use is a widely appreciated benefit for owners and employees of small businesses. This benefits the employer in the form of tax deductions as well as those owners and employees driving the cars in the form of a tax break. Compared to the past, current federal tax rules make the […]