Most business owners would likely agree that strategic planning is important, yet many companies rarely engage in active measures to gather and discuss strategy.  Rudler advocates taking strategic planning seriously. To get the most from strategy sessions, Rudler advises using some of the best practices you would use for any formal business meeting. Sometimes strategic […]

According to research from EducationData.org, more than 43 million student borrowers are in debt with an average of $39,351 each. If you are one of these borrowers, you may be wondering if you can deduct the interest you pay on your income tax return. While the answer is yes, the deduction is subject to certain […]

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer and the corporation unless proper steps are taken. In this article Rudler shows you what steps you need to take so you can deduct these […]

Even before the pandemic, there was a trend toward more digital interactions in sales. As this transformation continues, it’s time to put permanent changes in place to better compete. Here are three tips for keeping your remote sales operations sharp. The COVID-19 pandemic has dramatically affected the way people interact and do business. Many experts […]

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The following will explain how to determine the basis of an inherited property.   The current rules Under the current fair market value basis rules (also known as the “step-up and step-down” rules), […]

Entrepreneurs often don’t know that many of the expenses incurred by start-ups can’t be currently deducted. You should be aware that the way you handle some of your initial expenses can make a large difference in your federal tax bill. If you’re starting or planning to launch a new business, keep these three rules in […]

Are you a small, mid-size or large business? No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and steady inflow of cash, even the most wildly successful company will likely stumble and could even collapse. If your accounts receivables […]

Are you a investor or a trader? If you have significant investment activities you could be considered a trader and qualify as someone who is involved in a trade of business and possibly deduct investment related expenses.   Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses […]

The Trust Fund Recovery Penalty is an extremely severe penalty and should not be taken lightly. It applies to the Social Security and income taxes required to be withheld by a business from its employees’ wages. Here are some answers to questions about the penalty so you can safely avoid it.   This money withheld […]

As measures set forth due to COVID-19 start to ease, some of them will stay in place long term. One of the possible changes that may be made permanent is the relief from a requirement related to the administration of 401(k) plans.     A virtual solution In IRS Notice 2021-40, the IRS recently announced […]