In today's fast-paced business environment, maintaining efficiency is crucial for staying competitive. Logica Accounting Services offers a solution by streamlining your financial operations, enabling you to concentrate on essential business tasks. From precise bookkeeping to strategic financial planning, our services ensure seamless business functionality. Discover how our expertise can guide you through intricate financial landscapes, enhancing your business's operational efficiency and setting you on a path to success.

Discover why meticulous bookkeeping is not just a necessity but a cornerstone for the sustained success of your business. In our latest post, "Why Accurate Bookkeeping is Crucial for Your Business's Long-term Success," we delve into how keeping precise financial records can safeguard your business against unforeseen financial pitfalls and enhance strategic planning. Learn the key benefits of maintaining up-to-date books and how Logica Accounting Services can help streamline this critical process for your business. This insight is essential for anyone aiming to secure a prosperous future in today's competitive market.

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.

Business owners in California should be aware that California Law (AB5) has changed how employers determine whether a worker is an employee or an independent contractor. However, this Law only applies to California workers, regardless of where the employer is based. In contrast, it does not apply to workers outside of California, even if the employer is based in California.

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:

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: the balance, https://www.thebalance.com

Article Written By: Jean Chatzky

Original Article Posted on: February 11, 2022

Link to Original Article: https://www.thebalance.com/smart-tax-refund-investments-4134434

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.

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. 

Logica Accounting Services is pleased to welcome aboard Mr. George G.

George holds the position as an audit manager at one of the big five accounting firms in the USA.

We are delighted to announce the launch of our new website!

New Website Coming Soon!