Michael P. Rudy and Associates - mrcpa.net
 
  • Due to the COVID-19 pandemic our office remains virtual. While our staff is in the office, we are not accepting in person appointments. Our drop-box is available 24/7 for dropping off tax documentation. Tax documents may also be mailed or submitted via the Client Document Submission button here on our website. Returns will be prepared in the order all documentation is received. We will call or email if there are any questions about your return. Once the returns are completed, we will call to schedule a pick-up time. Payment is due when returns are picked up.
  • Michael P. Rudy CPA & Associates

    Michael P Rudy, CPA & Associates operates a general practice CPA firm located at 3521 E. Lincoln Highway, Route 30, between Downingtown and Coatesville in the village of Thorndale in Southeastern Pennsylvania. We offer a wide variety of financial, accounting, tax, and computer services. We specialize in servicing the financial, accounting, and tax needs of self-employed individuals, family owned businesses, new start-up businesses and individual clients. Our philosophy is to maintain a close working relationship with our clients while providing the highest level of professional services in a friendly, timely and efficient manner.

     

  • News & Articles

    IRS Offers Guidance on 100% Business Tax Deduction for Food and Beverages

    IRS Offers Guidance on 100% Business Tax Deduction for Food and Beverages

    The Treasury Department and the Internal Revenue Service have issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception...read more

    Stimulus Check Update: IRS Is Processing Checks

    Stimulus Check Update: IRS Is Processing Checks

    The IRS on Friday began processing stimulus checks, which could arrive in Americans’ bank accounts as soon as this weekend. Unlike the prior rounds of checks, families will get a payment for al...read more

    End Of Year Business Checklist (for business clients)

    End Of Year Business Checklist (for business clients)

    Happy Holidays! I hope you have been enjoying this holiday season!  Below are some business reminders as the end of the year approaches. PPP Loan Forgiveness Applications If you received PP...read more

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    Expenses used for PPP loan forgiveness: Deductible or not?

    While the CARES Act excludes the loan forgiveness from gross income, it does not specifically address whether the expenses used to achieve the loan forgiveness would continue to be deductible. On Apri...read more

    Reasonable compensation of S Corporation Shareholders

    Reasonable compensation of S Corporation Shareholders

    As a reminder, the IRS requires all S Corporation shareholders to take “reasonable compensation”.  After the 2nd year of operations of your S Corporation, if the IRS challenges that reasonable compens...read more

  • Where's My Refund


    Authorized IRS e-Filer