In late February of 2021, adjustments were made to the PPP Loan, to provide money that is needed to small businesses. The adjustments address five primary objectives. 1. Move the smallest businesses to the front of the line. The SBA has established a two-week exclusive application period for businesses and nonprofits with fewer than 20 […]

If you are considering retirement or planning on retiring soon, you’ll want to familiarize yourself with The SECURE Act, which was signed into law in late 2019 and has impacted retirement.   You can keep making traditional IRA contributions if you’re still working Before 2020, traditional IRA contributions weren’t allowed once you reached age 70½. […]

If you have recently hired employees, or are looking to hire employees in the near future, be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a tax credit known as the Work Opportunity Tax Credit (WOTC) that’s worth as much as $2,400 […]

Rudler has put together some factors to explore when deciding whether a Roth contribution feature would make sense for your company and its employees. If your business sponsors a 401(k) plan, you might be considering adding designated Roth contributions. Key differences Roth contributions differ from other elective deferrals in two key tax respects. First, they’re […]

If you’re getting ready to file your 2020 tax returns and your tax bill is higher than you’d like, talk to your Rudler advisor. There might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the April 15, 2021 filing date, […]

If you’re self-employed and run your business from your home or perform certain functions at home, you might be able to claim deductions for home office expenses against your business income. With more people working from home, the home office deduction could come into play this year. Ask your Rudler advisor to see if you […]

The events of the past year have taught business owners many important lessons. One of them is that, when a crisis hits, customers turn on their computers and look to their phones. Whether you sell directly to the buying public or engage primarily in B2B transactions, building customers’ trust in your website is more important […]

As many Americans look for last minute tax saving strategies in 2020, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax return? It depends.

Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering buying or selling another business, here’s how to comply with the applicable tax rules while possibly lowering your future tax obligations. Under […]

Using a strengths, weaknesses, opportunities and threats (SWOT) analysis to frame an important business decision is a long-standing highly useful practice. However, there are other uses of the SWOT analysis that could serve your company well. Valuations, strategic planning, and legal defense are just some of the many ways SWOT analysis can be used. Performance […]