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.

The Logica Accounting Services team wishes you the happiest of holidays this season. May the New Year be filled with joy, health, and prosperity!

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.

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: 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

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