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The Elevation Group – PRIME Business Training
IRS Update: 2022 Tax Brackets and Inflation Adjustments Are Out
How does the recent IRS guidance on inflation adjustments and 2022 tax brackets affect you? On November 10, 2021, the IRS released important new guidance on tax inflation adjustments for the 2022 tax year. This guidance—which includes updated tax brackets, changes...
Deducting Business Travel Expenses
With lockdowns coming down to an end and travel opening back up, many business owners will be looking to go to conferences or start traveling more to educate themselves and to restart meeting face-to-face with clients and partners. Deducting business travel expenses...
Personal Standard Deduction vs Personal Itemized Deductions
Tax season is here and when it comes to filing your personal taxes it is important to know whether or not you should take the standard deduction or itemize your personal deductions. You can either take the standard deduction or you can choose to itemize, you cannot do...
Covid Relief Programs & Your 2020 Taxes – PRIME
Filing Your 2020 Taxes, What You Need To Know Tax Season is here and for many small businesses and how hard 2020 was with the coronavirus pandemic, there were a few changes to business taxes in 2021. Businesses saw many new tax incentives, breaks, and rules as...
