Home Blogs Category: Tax for Business

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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tax deductions

8 Very Commonly Overlooked Tax Deductions and Tax Credits

Taxpayers tend to overlook certain tax deductions, tax credits, and even tax exemptions that can help them pay less in taxes.

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1099-K

1099-K for TPSO Reporting Delay For Tax Year 2023

The IRS has announced a postponement of Form 1099-K reporting requirements for third-party platforms in 2023

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2024 New Tax Brackets

2024 New Tax Brackets

The Internal Revenue Service has taken steps to ensure that the new 2024 tax brackets reflect the current consumer price index. This 5.4% upward adjustment

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401K

401(K) and IRA for Tax and Investing

When it comes to retirement savings options, 401k and IRAs are some of the most notable vehicles.

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lower your tax

11 Strategies to Lower Your Tax Bill

While utilizing some of these 11 strategies may necessitate itemizing tax deductions instead of taking the standard tax deduction, it could be well worth it in lowering your taxes.

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california tax extension

November 16. A New Extended 2023 California Tax Extension Deadline

Taxpayers in California have been offered an California Tax Extension of the 2023 tax deadline. Here’s what you need to be aware of concerning the extra time the Internal Revenue Service (IRS) gives.

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tax on reselling

Tax Implications for Reselling

Reselling may be a viable option for those considering an additional side gig. However, it is important to consider its potential impact on your tax situation.

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tax extension deadline

What is Tax Extension Filing Deadline and What happens in October?

For those involved with businesses across the U.S. and Canada, it is important to stay abreast of crucial income tax extension deadline in October 16

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tax extension deadline

Disaster Area Tax Extension Deadline on October 16

October 16 2023 tax extension deadline has moved from May 15 2023 for disaster area taxpayers in California, Georgia and Alabama.

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October tax extension

October Tax Extension 2023

What You Need to Know Before the October 16 tax extension deadline. Tax extension could give you extra time for filing but not for paying. Make sure you file by the October 16th date to avoid any additional charges.

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