Greetings, Californians! We've got some fantastic news for you. The California Franchise Tax Board has just announced that taxpayers affected by the winter storms earlier this year have been granted a deadline extension. Yes, you heard that right. You now have until October 16th, 2023, to file your federal and state taxes.

But here's the catch - not everyone may be aware of this extension. With all the buzz about tax deadlines, important updates about state tax deadlines can slip through the cracks. That's why we're here to spread the word and keep you informed.

So, why did the IRS and California Franchise Tax Board grant this extension? The severe winter storms caused widespread power outages, property damage, and other disruptions, making it difficult for many individuals and businesses to file their taxes on time. The IRS and FTB recognized this and gave Californians some extra time to avoid any penalties or interest charges.

While it's fantastic that the deadline has been extended, don't let this extra time lull you into a false sense of security. The deadline may seem further away, but it's critical to get your finances in order and file your taxes as soon as possible. If you need assistance in cleaning up your books or preparing the information required for tax preparation, our team can assist you in navigating the complexities of financial statements. We'll ensure that you take advantage of all deductions and credits available, allowing you to save money and attain financial peace of mind.

Therefore, if you've been affected by the winter storms and haven't filed your taxes yet, don't worry - you still have time! And if you need help, don't hesitate to reach out to us. We're always here to help you stay on top of your finances and make the most of your money.

To learn more about this extension, please visit the FTB website or read more by clicking here for the most current information. Stay informed and take advantage of this opportunity to organize your finances.