If you are looking to reduce your tax liability for the year, here are some ways to reduce it. Even though your investments may not have done well in 2022 there are still opportunities to reduce your tax from your actual or paper losses. Tax rates on sales Individuals are subject to tax at a […]

There are complex rules that need to be followed when recording intangible assets for tax purposes. What makes intangibles so complicated? IRS regulations require the capitalization of costs to: Acquire or create an intangible asset, Create or enhance a separate, distinct intangible asset, Create or enhance a “future benefit” identified in IRS guidance as capitalizable, […]

Many small businesses will get to a point where a company retirement plan becomes almost a necessity to attract and retain talent. If you don’t have a retirement plan and see one in your immediate future, you’ll want to carefully select the one that will work best for your company and its employees. Here are […]

Most people love to give back and love it even more during the holidays. Whether you are donating to your favorite charities or if you want to give assets or cash to loved ones before year end, here are the basic tax rules you need to know. Donating to charity In 2022, in order to […]

There lots of reasons you might be closing your business. Some of the reasons that businesses shutter their doors: an owner retirement, a lease expiration, staffing shortages, partner conflicts, and increased supply costs. If you’ve decided to close your business, Rudler PSC is here to assist you in any way we can, including taking care […]

According to the U.S. Census Bureau, during the month of October 2022, a total of 432,834 new business applications for tax identification numbers was received. Well-established businesses tend to have business plans and budgets and it’s important to have these things when starting a new company. Continue reading this article for some basics of practical […]

Have you ever received a savings bond as a gift or purchased one years ago? Do you ever think about how the interest earned on these bonds is taxed? Are there any potential unexpected tax consequences that need to be thought of when the bond reaches final maturity? Learn more about savings bonds and what […]

Buying or leasing computer software to operate a business is very common these days as well as having businesses that create the software to use in products or services or to sell or lease to others. If your business is involved in any of these situations, it’s important to be cognizant of the complicated rules […]

2022 is coming to an end and due to the changes in rising inflation and supply chain issues, marketing strategies should be reevaluated and adjusted to best fit your customer’s needs. Address the audience A good place to start is with your audience. To whom will you market your business? Consider each prospect, existing customer […]

If you are planning on adopting a child in the near future, there are a couple tax benefits that you can utilize. In 2022, parents may be able to claim up to $14,890 for qualified adoption expense for each child. This is a dollar-for-dollar reduction of tax. The parents may also be able to exclude […]