Are you tired of struggling with your business finances? One of the most critical aspects of managing your business’s financial health is accounting. Unfortunately, accounting mistakes are all too common, and they can lead to serious consequences, including financial losses, legal issues, and even business failure. But don’t worry, we’ve got you covered! Logica Accounting Services has compiled a list of five crucial points to help you avoid common accounting mistakes and ensure your financial success.

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.

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

Article Written By:  William Perez 

Original Article Posted on:  March 19, 2022

Link to Original Article:  https://www.thebalance.com/taxes-101-five-basic-ideas-3193486

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: cnet, https://www.cnet.com

Article Written By: Katie Teague

Original Article Posted on: March 3, 2022

Link to Original Article: https://www.cnet.com/personal-finance/taxes/when-will-my-tax-refund-arrive-check-the-status-of-your-irs-money

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

Article Written By: NA

Original Article Posted on: February 28, 2022

Link to Original Article: https://www.irs.gov/newsroom/changes-to-the-earned-income-tax-credit-for-the-2022-filing-season

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/

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