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 […]

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 […]

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, […]

Most of us think of a specific day in April when someone mentions the tax deadline. However, there are other important dates to keep in mind. This guide gives an overview of tax filing deadlines during the first quarter of 2022. Contact Rudler, PSC to ensure you’re meeting all applicable deadlines and to learn more […]

Almost all employees today use email however, not everyone is using email to its highest potential. When email is not used correctly it can actually cause problems for the business, servers can get filled up, messages get lost, and employees’ productivity isn’t quite what it could be. Here are some email management tips that you […]

Year-end is a good time to plan to save taxes by carefully structuring your capital gains and losses. A few tax items should be considered when working on year end investment strategies. If you have losses in the year you should consider selling stock that has appreciated so you can use the losses to offset […]

Supplying an employee with a company car can be a useful and important benefit to the employer and employee. However, it does come with some obstacles that employers must navigate. Providing a company car results in tax deductions for the employer as well as tax breaks for the owners and employees using the cars. (And […]

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 […]

Awards and settlements are routinely provided for a variety of reasons. A person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some of this money is taxed by the federal government, and perhaps state governments. Hopefully, you’ll never need to know how payments for personal injuries are taxed. But here […]

Does your business travel a lot and have you ever considered buying a corporate aircraft? There are many tax and non-tax implications of owning an aircraft. Let’s take a look at the basic tax rules. Business travel only In most cases, if your company buys a plane used only for business, the company can deduct […]