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 […]
Category Archives: Uncategorized
Great ways your business can retain its salespeople
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 […]
Are seller-paid points deductible to homeowners as the real estate market improves?
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 […]
Does your business have an obligation to report employee health coverage?
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 […]
IT Strategy Face-Off: Enterprise Architecture vs. Agile
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 […]
Take Action on Year-End Tax Planning Before Time Runs Out!
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 […]
2024 Q4 Tax Schedule: Important Dates for Businesses and Employers
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 […]
Businesses need to stay vigilant against invoice fraud
Fraud is a harmful problem for companies of all shapes and sizes. One widespread form of crime that seems to be thriving as of late is invoice fraud. In the second quarter of 2024, accounts payable software provider Medius released the results of a survey of 1,533 senior finance executives in the United States and […]
Is your home office a tax break? Here’s what you need to know about deductions
Working from home has become more and more prevalent. If you work from a home office, you probably want to know: Can I get a tax deduction for the related expenses? It depends on whether you are employed or in business for yourself. The U.S. Bureau of Labor Statistics (BLS) reports that about one out […]
Make sure your partnership or LLC follows tax regulations
When drafting partnership and LLC operating agreements, a range of tax issues need to be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some essential issues to include in your agreement so your business remains in compliance with federal tax law. Identify and describe guaranteed […]