Category: Tax for Business

PriorTax keeps you current on the most recent tax for business news from the IRS. There’s no need to decipher confusing IRS lingo because we’ve got you covered when it comes to business taxes. Always check back here for information on new business deductions and credits that you should be claiming for your LLC or Partnership. From claiming deductions to filing your return, we handle your taxes while you handle your business.

If you have questions about your business tax, then leave a comment on our blog posts. Our tax experts will provide you with the answers that you need!

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Mar 7, 2024

Standard Deduction for 2023 Tax Year

Filing their tax returns in 2024 can benefit from a standard tax deduction in fiscal year 2023, single tax filers are entitled to a standard tax deduction of $13,850, while joint filers can claim

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Feb 29, 2024

Itemized vs. Standard Tax Deduction calculator

Explore our tool that contrasts the Standard Tax Deduction and Itemized Tax Deductions. In just a short amount of time

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Feb 29, 2024

Standard vs Itemized Tax Deduction

If you have ever carefully listed out your itemized tax deductions before, especially if you own a home, consider a different approach now.

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Feb 22, 2024

Tax Deadline for Businesses You Need To Know

When it comes to tax deadline for business partnerships (such as multi-member LLCs) and S-Corps, the usual timeframe is by March 15

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Jan 25, 2024

2024 LLC Business Tax Deadline

LLC business entity allows for flexibility in business tax deadline and tax filing and payment methods.

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Jan 25, 2024

When Are 2024 Business Tax Filing Due?

On your financial journey in 2024, staying vigilant and informed about various deadlines and responsibilities is crucial when business tax filing

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Jan 18, 2024

Filing Your Business Tax Return in 2024

Every year, business owners face the dreaded task of filing business tax returns. This includes filing federal, state, and local tax returns.

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Jan 18, 2024

Small Business Tax Deadlines for 2024

Whether quarterly income taxes or keeping up with payroll taxes, there are always business tax deadlines to meet and obligations to fulfill.

2024 Tax Changes May Generate Better Tax Refunds

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Dec 21, 2023

2024 Tax Changes May Generate Better Tax Refunds

In the upcoming year of 2024 tax filing, prepare for a pleasant surprise as significant tax modifications are set to take effect. Brace yourself for potential financial gain, as your paycheck has the potential to grow generously if you find yourself in a lower tax bracket.