Step into a world where financial surprises are a thing of the past. At Logica Accounting Services, we equip your business with a crystal ball in the form of cutting-edge preventative accounting strategies. These tailored solutions act as your financial radar, scanning the horizon for potential threats and opportunities, allowing you to navigate with confidence and precision. By partnering with us, you gain more than just an accounting service; you gain a strategic ally dedicated to fortifying your financial future against the unexpected. Let’s redefine the way you manage your business finances, turning foresight into a tangible asset.

Thriving in high-density urban areas such as Long Beach and San Diego presents unique financial hurdles for businesses. The bustling city life, while offering ample opportunities, also comes with a complex array of economic challenges that can impact your business's bottom line. At Logica Accounting Services, we delve deep into these challenges, offering insights and solutions that help your business not only survive but thrive in these vibrant markets.

Imagine turning your annual tax submission into an opportunity for unexpected savings and financial growth. At Logica Accounting Services, we don’t just fill out forms; we explore every corner of tax law to find hidden financial opportunities for our clients. Situated in Long Beach and serving a wide array of areas in California, our team of seasoned accountants specializes in dissecting complex tax codes to maximize your returns. With a strategic approach tailored to your unique financial landscape, we ensure that every deduction and credit you are entitled to is fully leveraged. Let us transform your tax experience from a chore into a rewarding financial milestone.

Managing payroll is a crucial aspect of running a business, ensuring that employees are paid accurately and on time while also maintaining compliance with regulations. As a business owner, understanding the best practices for payroll processing is essential. In this blog, we'll delve into key strategies to guarantee accuracy and compliance in your payroll procedures.

Tax season can be a stressful time for business owners, but proper preparation can make the process smoother and more efficient. In this blog, we'll provide a comprehensive tax season checklist to ensure you have everything in order for your upcoming tax appointment.

As Californians rise from the aftermath of the floods, a silver lining emerges in the form of extended Individual Retirement Account (IRA) contribution deadlines. This unique opportunity not only allows Californians to bolster their retirement savings but also serves as an excellent strategy for tax minimization. At Logica Accounting Services, we are here to guide you through these adjustments and help you maximize your financial well-being.

In the wake of the devastating winter storms and subsequent floods that hit California earlier this year, the Federal and State governments have stepped in to provide some much-needed respite to the affected residents. The introduction of the Emergency Tax Relief Act extends the tax filing deadline, offering Californians additional time to organize their finances amid the recovery period. Logica Accounting Services has pieced together a guide to help you understand the nuances of this Act and its implications for you or your business.

As a small business owner, you have a never-ending to-do list. From managing your employees to meeting with clients, your day is jam-packed with tasks that require your attention. But there’s one crucial aspect of running a business that you shouldn’t neglect: accounting. As much as you might want to handle everything yourself, outsourcing your accounting services can be a game-changer for your business. So to explain the benefits of outsourcing your accounting services for your small business in detail, Logica Accounting Services has prepared a list of five points.

Do you want to spend countless hours on accounting, tax preparation, bookkeeping, and payroll? Look no further than Logica Accounting Services. Our team of Tax Consultants/Specialists, Tax CPAs, and Public Accountants can help you keep your money and lower your tax bills using legal methods and strategies.

As a freelancer, small business owner, or independent contractor, you may have a tendency to travel long distances for meetings or other business-related trips. Luckily for you, many business trips are easily tax deductible, though there are rules and regulations involved, of course. The IRS states that, for a trip to be travel expense deductible, it must be business related, common in your industry, and at least 100 miles away from the city in which you usually file your taxes. With that noted, there’s also rules on what could be considered a business expense under these circumstances.

As experts in the field, we at Logica Accounting Services want to help you understand what can and what can’t be deducted as business travel expense.

As for expenses you can write off, there’s no shortage of things to mention. The rule of thumb to go by is, if it’s necessary for you to get your job done, it probably counts as a business expense. Big or small, there’s a lot of bills that come with the territory for traveling for work. Here’s a few to keep in mind:

Whether it is panic selling, hiding out in cash, or trading frantically during volatile markets, investors tend to make several mistakes that can hurt them long-term.

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  May 20, 2022

Link to Original Article:  https://www.irs.gov/newsroom/irs-interest-rates-increase-for-the-third-quarter-of-2022

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird

Original Article Posted on:  March 14, 2022

Link to Original Article:  https://www.thebalance.com/taxable-vs-nontaxable-income-4178841

Original Article Source Credits: IRS, https://www.irs.gov

Article Written By: NA

Original Article Posted on: February 23, 2022

Link to Original Article: https://www.irs.gov/newsroom/interest-rates-increase-for-the-second-quarter-of-2022

Starting in 2022, the IRS will track people’s side hustle activities on transactions totaling $600 or more and/or 200 transactions. In prior years the reporting threshold was $20,000 and 200 transactions. It’s a significant threshold reduction that will affect many small business owners.

Original Article Source Credits: IRS, https://www.irs.gov

Article Written By: NA 

Original Article Posted on: February 9, 2022

Link to Original Article: https://www.irs.gov/newsroom/irs-reminds-taxpayers-their-social-security-benefits-may-be-taxable

Original Article Source Credits:   News Nation , https://www.newsnationnow.com/

Article Written By:  Katie Smith

Original Article Posted on:  JAN 14, 2022

Link to Original Article:  https://www.newsnationnow.com/us-news/will-you-still-receive-a-child-tax-credit-payment/

With the number of changes taking place through the pandemic, especially when it comes to accounting, many people and companies needed assistance with their accounts. Companies were changing their processes and handling virtual meetings, while remote working was becoming the norm. 

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