Data analytics used to belong to big business with deep pockets. Today, even the smallest companies can gain invaluable insight from the data they already own. But finding, organizing and deriving meaning from the terabytes upon terabytes of information out there isn’t easy. How can your company harness the power of data without throwing dollars […]

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series EE U.S. savings bonds offer two tax-saving opportunities when used to finance college expenses: You […]

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do so by filing amended payroll returns for tax years 2020 […]

If your company has a use it or lose it policy for employee paid time off, for many they just lost any unused paid time off. There are some ways to avoid this so that your employees can fully enjoy their PTO and maybe even help them plan for retirement. Unused PTO time is a […]

Long-awaited new legislation alters the landscape of retirement planning for taxpayers of all ages, and there are changes taking immediate effect in January 2023. The principal focus of the SECURE 2.0 Act is to expand retirement coverage and increase retirement savings. SECURE 2.0 is meant to build on the original SECURE Act of 2019, which […]

With higher gas prices in 2022, the IRS increased the business cents-per-mile rate to 65.5 cents per mile (a 3-cent increase from the 62.5-cent rate that applied during the second half of 2022). These rates apply to electric, hybrid, gasoline, or diesel powered vehicles used for business. How rate calculations are done The 3-cent increase […]

Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your objectives and expectations is to revisit your business plan. Remember your business plan? If you created one recently, or keep yours updated, it might […]

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. Your Rudler, PSC advisor can meet with […]

Beginning in 2021 taxpayers can claim an Ohio tax credit for contributions made to an eligible scholarship granting organization (SGO). A list of Certified Scholarship Granting Organizations can be found here: https://charitable.ohioago.gov/Scholarship-Granting-Organization-Certification/List . The credit itself is a dollar for dollar non-refundable credit up to $750 per individual ($1,500 married filing joint). If you receive […]