The IRS is escalating its audit efforts, with a focus on large businesses and high-income individuals. By 2026, it aims to nearly triple the audit rates for corporations with assets over $250 million. This increase is part of a broader IRS strategy, funded by the Inflation Reduction Act, to address noncompliance among wealthier entities. Partnerships […]

While one obvious way to measure your business’s success is by it’s profitability, another important measure is how much working capital you have to fund operations and expand your business. The best way to stay liquid while you continue to grow your company is through working capital management. Multifunctional metric Working capital is a metric […]

If you are planning for your childs education, it is a great time to consider investing in a 529 plan. A 529 plan allows for prepayment of education costs on a tax-favored basis. Named after the Internal Revenue Code section that provides for them, there are two types of programs you can invest in: Prepaid […]

Your business may require real estate for its operations or may even have property listed under the business’s name. There are many advantages to keeping them separate in regards to long term tax and liability and estate planning. How taxes affect a sale Businesses that are formed as C corporations treat real estate assets as […]

The job market in the U.S. has largely stabilized since the historic disruption of the pandemic and the unique implications that followed. However, the fact remains that employee retention is mission-critical for businesses. There are ways to address the challenge. Retaining employees is still generally less expensive than finding and hiring new ones and strong […]

The recent decrease in interest rates has prompted increased activity in the real estate market. If you’re in the process of buying a home, or you just bought one, you may wonder if you can deduct mortgage points paid on your behalf by the seller. The answer is “yes,” subject to some significant limitations described […]

Employee health coverage is a vital part of many companies’ benefits packages. However, the administrative responsibilities that come with offering health insurance can be complex. One crucial aspect is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do? Here are […]

In today’s fast-paced business world, having a solid IT strategy is essential for success. This has led to the rise of two dominant IT approaches: enterprise architecture and Agile. Understanding the differences between these strategies is key to determining which approach—or combination of both—is right for your company. As companies expand, their technology needs become increasingly […]

As the year draws to a close, now is the perfect time to start planning strategies that can help lower your tax burden for both 2024 and beyond. Now is the time to act on these strategies to ensure you’re prepared for year-end deadlines. A critical first step is determining whether you’ll take the standard […]

As we enter the final quarter of 2024, businesses and employers face several key tax deadlines that must be met to avoid penalties and remain compliant. Be sure to consult your Rudler, PSC advisor to ensure you’re aware of all applicable deadlines and filing requirements. While the following list highlights some important dates, it’s crucial […]