Welcome to the Custom Accounting Solutions Blog
Get the latest insights on smart tax strategies, bookkeeping tips, and financial guidance to help your business grow with confidence.
Employee Theft: What to Do and What Not to Do
Employee theft feels horrible to a business owner. You’ve invested in training, mentoring, growing an individual within your small business and you feel betrayed.
Business Meals Deductions Made Easy: Your Guide
The passing of the Tax Cuts and Jobs Act (TCJA) in 2017 brought more changes to the tax code than any other event since the Tax Reform Act of 1986. Business meals are still allowable after the passing of the TCJA.
$488 Million Stolen in IRS Scams
That’s right, almost ½ a Billion, with a very large capital B, was stolen from individuals in 2018 using IRS type scams, according to a report released by The Federal Trade Commission in February 2019.
Deducting Auto Expenses: A Guide for Business Owners
The business deduction for auto expenses can be a bit confusing for the average owner that doesn’t spend time perusing groups, forums, articles and videos on taxes and accounting.
Home Office Deduction, Simplified!
The IRS has two basic requirements to claim the home office deduction. The area claimed for the home office deduction must be your primary place of business and have regular and exclusive use for your business.