Reviewing your strategic plan and looking forward

For business owners, the end of one year and the beginning of another is always an optimal time to look back on the preceding 12 calendar months and ask a deceptively simple question: How did we do? Large companies tend to have thoroughly documented strategic plans in place. Some stretch years into the future. These […]

Are you a gig Worker? If so, are you meeting your tax obligations?

In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands and making deliveries from a restaurant or store. In this article Rudler, PSC will go over […]

Standard Business Mileage Rate Increase

The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will be 58.5 cents (up from 56 cents for 2021).The increased tax deduction partly reflects the price of gasoline. According to AAA Gas Prices on December 21, 2021, the national average price of a gallon […]

Important Traits of a Successful Salesperson

It’s nearing that time for business owners to review the performance of the company throughout the year. While reviewing the numbers, think about your people, too. To achieve success in 2022, you’ll need a strong sales team in place. However, it’s a difficult time to hire skilled salespeople. So, you don’t want to be too […]

How to Claim Your Student Loan Interest Deduction

Taxpayers may deduct interest paid on student loans from federal adjusted gross income. This deduction could save you a significant amount of money, but you need to know how the deduction works so you can make sure to claim it properly. The deduction is phased out if your adjusted gross income (AGI) exceeds certain levels, […]

How might an FLP fit into your succession plan?

Among the biggest long-term concerns of many business owners is succession planning. How do you smoothly and safely transfer ownership and control of the company to the next generation? From a tax perspective, the optimal time to start this process is long before the owner is ready to give up control. A family limited partnership […]