inflation

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Is your side hustle a hobby or a business?

According to different surveys, it seems that almost two out of five Americans have a side hustle. The pandemic, expansion of remote work, and the increase of living cost (inflation) has increased the number of people working on the side in addition to their regular job. We had numerous conversation with our clients to determine

By |2023-05-24T16:20:01+00:00May 24th, 2023|Categories: Business, Individuals|Tags: , , , , , , |

IRS provides tax inflation adjustments for tax year 2022

In the Issue Number: IR-2021-219, the IRS announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. The tax items for tax year 2022 of greatest interest to most taxpayers include the following dollar amounts: The standard deduction for married couples filing

By |2021-11-15T19:50:10+00:00November 13th, 2021|Categories: Individuals|Tags: , , , , , , |
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