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.
Don’t Let Bad Bookkeeping Sink Your Ship: A Small Business Survival Guide
Navigating Rough Seas
Rental Property Start-up Expenses
Are you interested in becoming a commercial or residential landlord?
If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of those monies as start-up expenses.
Last-Minute Year-End Tax Strategies for Your Stock Portfolio
When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2023 income taxes.
Last-Minute Year-End General Business Income Tax Deductions
Of course, the IRS will not likely cut you a check for this money (although that will happen in the right circumstances), but you’ll realize the cash when you pay less in taxes.
Checklist for Clean Books
Keeping your business’s books clean all year long can help to provide more accurate financial statements and reports as well as an easier tax time.
What Income Are You Required to Pay Tax On?
In general, income can be received in three ways – money, services, and property – and IRS requires you to declare most of this income on your tax return.
Estimated Tax Payments - Do They Apply To You?
If you have ever wondered about estimated tax payments, this article will explain what they are, if you need to make them, and how to make them if they are required for your tax situation.