Rudd & Company PLLC - Bozeman Office

Rudd & Company PLLC - Bozeman Office Bozeman Accounting Firm offering tax preparation, payroll and business accounting services. Located i Located in the heart of Gallatin Valley, Montana.

Grantor-retained annuity trusts (GRATs) and grantor-retained unitrusts (GRUTs) allow you to give assets to your children...
05/11/2026

Grantor-retained annuity trusts (GRATs) and grantor-retained unitrusts (GRUTs) allow you to give assets to your children today while you receive payments back from the trust for a specified term. And, provided you survive the trust’s term, you’ll remove the assets from your taxable estate at a reduced value for gift tax purposes. At the end of the term, the principal may pass to the beneficiaries or remain in the trust. Contact us at (406) 585-3393 for additional details.

For 2026, you generally can contribute up to $7,500 pretax to an employer-sponsored child and dependent care Flexible Sp...
05/08/2026

For 2026, you generally can contribute up to $7,500 pretax to an employer-sponsored child and dependent care Flexible Spending Account (FSA). This $2,500 increase over the 2025 limit was part of the major tax legislation that was signed into law in 2025. An FSA pays or reimburses you for qualified child or dependent care expenses. (Your contributions will, however, reduce your qualified expenses for purposes of the child and dependent care tax credit.) Contact us at (406) 585-3393 to learn more about tax breaks for families.

To make confident business decisions, you need a clear view of your cash position. The statement of cash flows reveals h...
05/07/2026

To make confident business decisions, you need a clear view of your cash position. The statement of cash flows reveals how money moves in and out of your business. It’s usually organized into three sections: 1) Cash flows from operations reflect day-to-day activity. 2) Cash flows from financing activities show how you use debt and equity to fund growth. 3) Cash flows from investing activities capture how you’re building for the future. Together, they tell the real story behind your numbers. We can help you interpret trends, spot risks and manage cash flow to strengthen your business strategy. Call us at (406) 585-3393 to learn more.

The IRS has issued the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs. Effective Jan. ...
05/05/2026

The IRS has issued the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs. Effective Jan. 1, 2026, the standard mileage rate for the business use of a car, van, pickup truck or panel truck is 72.5 cents per mile. (This is up from 70 cents per mile for 2025.) The 2026 rate for medical or eligible moving purposes is 20.5 cents per mile. (This is down from 21 cents per mile for 2025.) For charitable driving, the 2026 rate is 14 cents per mile (unchanged from 2025). These rates apply to gasoline- and diesel-powered vehicles as well as electric and hybrid ones. To protect your deduction, don’t forget to keep detailed mileage records. Contact us at (406) 585-3393 for more information on when mileage is deductible.

When you file your 2025 income tax return, you can deduct your charitable donations only if you itemize deductions. But ...
05/04/2026

When you file your 2025 income tax return, you can deduct your charitable donations only if you itemize deductions. But beginning with donations made in 2026, people who take the standard deduction instead of itemizing can claim a charitable deduction of up to $1,000 ($2,000 for married couples filing jointly). Only “cash” donations qualify, but the definition may be broader than you think. It includes gifts made by debit or credit card, check, ACH, online payment platform and payroll deduction. Call us at (406) 585-3393 to discuss what you can deduct on your 2025 return and your donation strategy for 2026.

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t ...
05/01/2026

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t replace professional judgment or real-world experience. An outside bookkeeping or accounting professional adds context and clarity to your company’s financial data. We can help you interpret results, stay compliant with changing tax laws, manage cash flow and make smarter business decisions. Contact us at (406) 585-3393 to turn your financial data into a strategic plan that drives growth.

The IRS considers a paper return that’s due April 15 to be timely filed if it’s postmarked by midnight. Sounds straightf...
04/30/2026

The IRS considers a paper return that’s due April 15 to be timely filed if it’s postmarked by midnight. Sounds straightforward, but let’s say you mail your return with a payment on April 15, and the envelope gets lost. You don’t figure this out and refile until a couple of months later. Despite your efforts to timely file and pay, you can still be hit with both failure-to-file and failure-to-pay penalties. One way to minimize this risk is to use certified or registered mail or an IRS-approved private delivery service. A better way is to work with a tax professional who’ll e-file your return and help ensure you claim every break you’re entitled to while staying compliant with tax law.

Not everyone is eligible to make tax-deductible contributions to a traditional IRA. For example, for 2026, deduction eli...
04/29/2026

Not everyone is eligible to make tax-deductible contributions to a traditional IRA. For example, for 2026, deduction eligibility for single taxpayers who also contribute to a workplace retirement plan, such as a 401(k) plan, phases out with income between $81,000 and $91,000. For joint filers, the phaseout range for a spouse who contributes to a work-based plan is $129,000 to $149,000. For a spouse who doesn’t contribute to a work-based plan, the phaseout range is $242,000 to $252,000. Also for 2026, Roth IRA contribution eligibility phases out as follows: $153,000 to $168,000 for single filers, $242,000 to $252,000 for joint filers, and $0 to $10,000 for married separate filers. Contact us at (406) 585-3393 if you have questions.

Your first “real” job, living on your own, meeting new people … all of this can make young adulthood exciting but stress...
04/28/2026

Your first “real” job, living on your own, meeting new people … all of this can make young adulthood exciting but stressful. Accumulating a sizeable retirement nest egg doesn’t have to be. Contribute as much as you can (up to $24,500 in 2026) to your employer’s 401(k) plan. Then watch as time and the compounding power of reinvesting earnings do their work. The longer your time horizon, the better! Contact us at (406) 585-3393 for more advice on planning for your financial future.

Writing a comprehensive business plan is an absolute imperative when launching a business. But it’s also important for r...
04/27/2026

Writing a comprehensive business plan is an absolute imperative when launching a business. But it’s also important for running one. Why? Because your business plan can help you see into the future. As long as it’s properly structured, adheres to sound strategies and contains accurate data, a business plan should spell out in black and white what your company will accomplish and how it will get there. Contact us at (406) 585-3393 for help determining whether your business plan is still the crystal ball it needs to be.

Credits provide powerful tax savings potential because they reduce taxes dollar for dollar. (By contrast, deductions onl...
04/23/2026

Credits provide powerful tax savings potential because they reduce taxes dollar for dollar. (By contrast, deductions only reduce the amount of income subject to tax.) A wide variety of credits are available to businesses. You may be eligible to claim some on your 2025 tax return. And you can take steps this year to increase your eligibility for credits when you file your 2026 return next year. We can help identify the credits you’re entitled to for 2025 and plan your business’s tax strategy for 2026. Call us at (406) 585-3393 to set up an appointment.

Address

3805 Valley Commons Drive, Suite 7
Bozeman, MT
59718

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

(406) 585-3393

Website

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