Positioning your business to succeed must involve a plan on who steps up when their name is called, we want to make sure the next person is engaged and ready. It may seem unnecessary for those that are relatively young and have no intention of surrendering control. However, if the past year or so have […]

The Net Investment Income Tax [NIIT] is a 3.8% tax that is imposed on high-income taxpayers in addition to their regular income tax. We know what you are thinking, “How can I get in on that action?” Well, unfortunately for you, we only have advice for those of you who are trying to avoid it. […]

Are you hiring your son or daughter for the summer? Let’s make sure we get the maximum benefit for them and yourself while they gain on-the-job experience, get to spend more time with you and less time on their phones! You may be able to: • Shift your high-taxed income into tax-free or low-taxed income, […]

With the more serious side effects of the pandemic declining and vaccination rates rising, multiple industries have released information for in-person trade shows to start later this year. Are you and your team ready to get back out there? Here are some ways to improve the odds that you’ll get a satisfying return on investment:

Beginning July 15, 2021, eligible parents will start receiving their 2021 advance child tax credit (CTC) payments; these payments were established in the American Rescue Plan Act (ARPA). How have child tax credits changed? The ARPA temporarily expanded and made CTCs refundable for 2021. The law increased the maximum CTC — for 2021 only — […]

Recently guidance was released by the IRS regarding the 2020 inflation adjusted amounts for HSAs. Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is […]

To connect and build meaningful relationships with customers and prospects, many businesses now rely on customer relationship management (CRM) software. These tools give users easy access to information that could result in increased sales, better marketing techniques, and deeper connections. CRM software also typically includes categorized lists of customers, prospects and other valuable contacts. It […]

It is not uncommon if you have filed your 2020 tax return with the IRS, but still have questions. Some of the most common questions asked are highlighted in this article. Are you wondering when you will receive your refund? The IRS has an online tool that can tell you the status of your refund. […]

If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re subject to both income tax and self-employment tax. Just simply by organizing your business as an S Corporation, you could cut your tax bill. Fundamentals of self-employment tax The self-employment tax is imposed on 92.35% of […]

The COVID-19 pandemic hit suddenly and companies were forced to react quickly. Understandably, you may not have fully documented all the changes you have made. But we at Rudler suggest that you should. One of the ideal places to do so is in your employee handbook. Now that optimism is rising for a return to […]