Rubel School of Business

Bellarmine Centro - Home of the Rubel School

RSB Sets Strategic Priorities
Virtual Info Sessions Available

Welcome from the Rubel School Dean

Greetings and welcome to the W. Fielding Rubel School of Business at Bellarmine!

Diane Bruce

As the new dean of the Rubel School, I welcome your interest in our programs. I hope you’ll explore our website and learn more about our programs, our faculty and the opportunities possible here. 
The Rubel School offers a comprehensive business program that provides a strong foundation in the fundamentals of business, ethics and real-world skills, while also allowing for specialized study in accounting, business administration, economics, finance and marketing. This program is complemented by the university’s core curriculum, which ensures that students develop the critical-thinking, communication and problem-solving skills that are valuable in any career. 

The Rubel School has a reputation for academic excellence. The faculty are experts in their fields, and many have extensive industry experience, but they are also dedicated teachers. The Rubel School is accredited by the world’s foremost authority on business education quality—the Association to Advance Collegiate Schools of Business (AACSB). Fewer than 5% of all business schools have earned this elite accreditation.

Bellarmine is committed to providing individualized attention to each student. You will get to know your faculty and classmates, and they’ll get to know you. This will give you access to personalized advising and mentoring as well as a community that will help you achieve your goals—while you’re here at Bellarmine and during your career. You will also have the opportunity to be involved in various organizations and in community service, allowing you to grow personally and professionally. 

Beyond the classroom, Bellarmine takes advantage of its location in Louisville, Kentucky. Louisville is a vibrant city with a strong business community and thriving startup scene, one that highly values Bellarmine students and alumni. Students and faculty engage with the community and local businesses in their classes, extending their learning with real-world applications. Business students have access to a range of internships and job opportunities, as well as networking events and other professional-development activities. Rubel alumni are active and involved as leaders in their fields and in the community, a testament to Bellarmine’s education of the whole person. 

If you are seeking a personalized, high-quality business education in a place where you will be valued and mentored by faculty and staff who care about your growth and development through your academic career and beyond, the Rubel School may be a good fit. 
To learn more, I encourage you to visit the campus, meet with faculty and students, and see for yourself what makes Bellarmine so special. 

Warm regards, 

Diane Bruce, Ph.D. 
Dean, Rubel School of Business

Rubel School of Business

Undergraduate Majors
Graduate & Second Degree Programs

Master of Business Administration

Master of Business Administration: Executive

Accounting Certificate



The W. Fielding Rubel School of Business is accredited by the AACSB International (Association to Advance Collegiate Schools of Business), which places it among the elite business schools in the nation. Not only is Bellarmine the first and only private university in Kentucky to achieve AACSB accreditation, but fewer than 5 percent of business schools worldwide have achieved this distinction.

Rubel School News

Stay up-to-date with all things Rubel School of Business.

Executive Education

PODCAST: Episode 17

Bellarmine on Business

Tax Considerations for Small Business and Self-Employed Tax Payers

Episode 17: In today’s episode, host Jim Ray is joined by Alisha Harper, Professor of Accounting, and Timalyn Bowens of Bowens Tax Solutions (also a graduate of Bellarmine’s Rubel School of Business).

Today’s we’re focusing our discussion around disregarded entities (“flow entities”), such as LLCs, LLCs filing as S-corporations, Partnerships, etc.

The type of entity you form, how you conduct your tax planning and other key activities should be done with the guidance of a qualified tax professional.  Your situation may be different, so the information you hear today should not be taken as tax advice.  If you hear something interesting, consult with your tax professional to determine how it might impact you and your business.

Timalyn Bowens is an Enrolled Agent.  She doesn’t work for the IRS, but she is licensed to do tax preparation and returns.  Most importantly, unlike a CPA as an enrolled agent she is licensed to represent clients in front of the IRS, in all 50 states.  Bowens Tax Solutions is located in Louisville, KY. 


Advance Child Tax Credit (CTC)

This is an important topic for business owners and self-employed individuals.  A tax credit is a dollar for dollar deduction to reduce your tax liability.  During the pandemic, this credit was expanded from $2,000 per child.  It’s currently $3,600 for children from 0-5 years of age.  It is $3,000 for children from 6-17 years of age. 

The government offered advance payments.  The payments were given to qualifying individuals, even though this is actually a tax credit.  The checks were issued from July to December of 2021.  The total amounts were divided into monthly payments. 

An opt-out provision was given, but it wasn’t as easy to enact.  Timalyn describes some of the confusing ways this opt-out issue may lead to some tax surprises when people prepare their 2021 tax returns.

Alisha, who is a former IRS tax attorney, explains the phase-out structure of the CTC, based on a person’s adjusted gross income (AGI).  The phase-out for a single individual starts at $75,000.  Many small business owners can easily surpass that threshold.  For couples who select married filing jointly, the amount is $150,000.  If people received the CTC payments, but earned more than the threshold, they will be responsible for paying back the difference to the IRS.  Timalyn reminds us that the estimates were initially based off of the 2020 AGI levels.  It’s quite possible that business and individuals earned more in 2021.

If a couple divorced in 2021 and one spouse took the credit, if that spouse surpassed the 2021 threshold but elects not to claim the children for 2021, the other spouse would be entitled to claim the tax credit.  This can cause an issue regarding which spouse is responsible for repaying the liability.

Overlooked Tax Deductions

Alisha begins this segment by discussing expenses related to automobiles.  Individuals need to be able to prove they qualify to take the deduction.  Without documentation, the IRS and disallow your deduction.

Mileage is a simple deduction to take for your business miles.  But, you need to track the mileage and be able to differentiate between personal miles and business miles.

Timalyn discusses the business-use of home (“home office deduction”).  There are advantages allowed, as long as you can document the incurred expenses.  Consider the internet, utilities, cell phone and other related expenses.  Alisha is careful to warn us that the area your claiming in the house, must be considered exclusive use.  Your kitchen table or living room wouldn’t necessarily qualify.

Alisha reminds us to look for those smaller expenses such as business cards, thank you notes, website-related expenses can really add up at the end of the year.  Approaching the year with a focus on tracking those expenses will help you to minimize your tax liability.

The qualified business income deduction enables businesses to deduct up to 20% of net income before calculating federal income tax liability.  This is a significant advantage.  However, you may still be exposed to the self-employment tax at the higher level. 

Procedural Issues Related to Taxes

What should you do if you owe the IRS?  Timalyn says the first thing to do is to breathe.  The second action is to file the tax return(s).  The IRS does not forget and you will be subject to interest and penalties.  Don’t wait to take action.  It compounds the problem.

Your tax professional will need to confirm the full total amount you owe.  He/she will make sure the full picture is understood, so a plan can be put together on how to best deal with the situation.  There are options, but you have to act.

Alisha warns that taking the ostrich approach is never a good idea.  In fact, in some cases, the IRS is authorized to file a return on your behalf and usually doesn’t include the deductions for which you may have qualified. 

Timalyn will engage with the IRS on the client’s behalf.  She puts together the story of what happened and why.  This timeline and the details can help in the negotiations with the IRS. 

To contact Timalyn at Bowens Tax Solutions:

Website: (schedule your call)

Phone:  (502) 632-3171

Alisha closes with while you want to comply with the law, there’s no harm in asking questions.  You can ask your tax professional or even visit to find answers to your tax-related questions.

Timalyn closes with the fact that she doesn’t expect her clients to be tax experts.  She wants them to feel comfortable asking questions, regardless of how simple or complex they may seem.  That’s the advice for which you’re paying.  You should expect that of your qualified, tax professional.

Thank you for listening to this episode of the Bellarmine on Business podcast.  Please remember to SUBSCRIBE to our podcast, so you don’t miss an upcoming episode.


The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large.  The episodes are designed to be insightful, thought-provoking and entertaining.

Want to Listen to Additional Episodes?

You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories.  We encourage you to subscribe to our podcast so you don’t miss an episode.

Interested in Developing a Podcast for Your Business or Organization?

This podcast was produced by Jim Ray Consulting Services.  Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast.  For more information, visit:

Tags: Executive Education , MBA , Rubel School of Business

RSB Strategic Plan


Providing inclusive, student-centered business education in the Catholic, liberal arts tradition that educates the whole person and leads to impactful careers.


Vision: to be a hub for transformative business education.


Academic excellence
Promoting critical thinking, communication, collaboration, and innovation —with an expectation of excellence.

Fostering strong ethical principles, honesty, fairness, transparency, trustworthiness, with respect and compassion for the intrinsic value and dignity of every individual.[MM1]

Engagement, impact, and social responsibility
Cultivating business leaders who advocate for the public good, environmental sustainability, global understanding, and informed civic engagement. RSB Strategic Priorities:

Strategic Priorities

SP1 — Deliver mission-aligned, innovative curricular and co-curricular offerings that make us distinctive in how we serve existing and future student populations and maximizes our commitment to equity and inclusion.

SP2 — Provide support for scholarship for faculty as well as ongoing professional development, coaching and mentoring for faculty and staff, so they can continue to deliver on our mission in the most effective manner.

SP3 — Engage, deeply and broadly, with alumni and community partners through faculty scholarship and external outreach to ensure the relevance and standing of the Rubel School of Business, and help our students find meaningful career opportunities.

“One of nation’s best business schools" — The Princeton Review

Bellarmine offers our business students a unique educational experience: a broad-based liberal arts education supplemented by top-notch business preparation. This difference is viewed quite favorably by employers, who say they like our graduates because of their writing and critical thinking skills.

The School of Business also is noted for rapidly incorporating innovations and business trends into the curriculum. For example, many employers today are encouraging their workers to earn MBA degrees; therefore, Bellarmine has introduced several programs that take entering freshmen to their MBA degrees in just five (or five and a half) years.

Another important aspect to a business education at Bellarmine is the requirement of an internship and/or an international experience. We require students to have/acquire business experience—this can be accomplished via applied course projects, internships and/or course requirements as well as potential volunteer business projects too. This guarantees that you will gain practical experience while still a student, which makes you much more "marketable" upon your graduation.

The W. Fielding Rubel School of Business at Bellarmine University is accredited by the AACSB International (Association to Advance Collegiate Schools of Business), which places it among the elite business schools in the nation. Not only is Bellarmine the first and only private university in Kentucky to achieve AACSB accreditation, but fewer than 5 percent of business schools worldwide have achieved this distinction.

Additional Accolades

  • One of the Best and Most Beautiful B-School Campuses by
  • Recognized as a CFA Institute Affiliated University

CFA Institute Affiliated University 


Bellarmine on Business Podcasts

Each monthly episode will feature lively discussions with faculty and/or alumni. See all Podcasts here.

Spalding Endowed International Travel Support Fund

Funds available to support undergraduate students from the Rubel School of Business interested in participating in an international, study abroad experience.  Get more information and apply through the Bellarmine Study Abroad and International Programs Office at or Study Abroad and International Programs.
Funds available beginning in Fall 2022.

Brown Endowed Study Abroad Fund

Funds available to support undergraduate and graduate students from the Rubel School of Business interested in participating in an international, study abroad experience.  Get more information and apply through the Bellarmine Study Abroad and International Programs Office at or Study Abroad and International Programs.
Funds available beginning in Fall 2022.

Bellarmine Means Business

From the Bellarmine Magazine, successful businesspeople who are also Bellarmine alums.

Featured RSB Videos

Welcome to Bellarmine University
MBA Students Travel to Cuba
Introducing New Rubel School Dean
The Bellarmine MBA

Contact Us

Dr. Diane G. Bruce
Dean, School of Business

Tammy Donoho
Administrative Assistant

Dr.  Jorge A. Pazmiño
Director of Graduate and Executive Education Programs

Israel Cuenca, MBA, MSDM
Events Coordinator & Strategic Marketing 

For general inquiries, contact the W. Fielding Rubel School of Business at 502.272.8240 or