Custom Accounting Solutions

Custom Accounting Solutions Helping business owners and individuals with proactive tax planning, bookkeeping, and filing strategies.

Top Rated Lane County CPA Firm💰 What if your accountant saved you more money than you paid them?We recently met with a l...
08/29/2026

Top Rated Lane County CPA Firm

💰 What if your accountant saved you more money than you paid them?

We recently met with a local contractor and found $35,000 in potential annual tax savings through strategies he wasn't using.

The best part?

He didn't have to spend more money to get the savings.

That $35,000 in tax savings is enough to cover his bookkeeping, tax compliance, tax strategy, and planning services for the entire year — with money left over in his pocket.

That's how we believe accounting should work.

Your accountant shouldn't just help you file your taxes.

They should help you find ways to keep more of your money.

If you're a business owner, the question isn't just:

“How much does my accountant cost?”

The better question is:

“How much is my accountant helping me save?”

📩 Want to find out what tax-saving opportunities your business may be missing?

George Wood, CPA | 17+ Years of Experience
Custom Accounting Solutions

Here's the takeaway we want Oregon business owners to remember:Don't assume your Oregon tax bill will move in lockstep w...
08/29/2026

Here's the takeaway we want Oregon business owners to remember:

Don't assume your Oregon tax bill will move in lockstep with your federal tax bill.

A major equipment or vehicle purchase can still create a valuable deduction — but Oregon's 2026 bonus depreciation change affects when that deduction is recognized on your Oregon return.

And that timing can affect more than your tax return.

It can affect how you think about estimated taxes, cash flow, and future purchases.

If you've made a large purchase this year or have one coming up, it's worth understanding the numbers before year-end.

We broke it all down in our latest blog.

👉 Read the full article and see what the Oregon change could mean for your business.

If you've already made a major business purchase this year — or you're planning one — now is a good time to look at the ...
08/28/2026

If you've already made a major business purchase this year — or you're planning one — now is a good time to look at the numbers.

Three things worth reviewing:

1️⃣ Oregon estimated tax payments
Could the change affect what you're expecting to pay?

2️⃣ Cash flow
Does your projection account for the difference between federal and Oregon treatment?

3️⃣ Purchase timing
Are additional purchases planned before year-end?

The biggest mistake would be assuming your Oregon tax bill will automatically move in lockstep with your federal one.

It may not.

We've explained the change and the practical impact in our latest blog.

Read it before your next big purchase.

Here's a detail that's easy to overlook.When federal and Oregon depreciation treatment no longer match, you'll need to k...
08/28/2026

Here's a detail that's easy to overlook.

When federal and Oregon depreciation treatment no longer match, you'll need to keep track of the difference.

Your federal depreciation schedule may look one way.

Your Oregon depreciation schedule may look another.

That can make tax planning a little more complicated — especially when you're making large purchases and trying to estimate what you'll owe.

The good news?

Understanding the difference now gives you more time to plan.

Don't wait until tax filing season to discover the numbers don't match.

Here's the good news.Oregon's change doesn't mean you permanently lose the deduction.The issue is when you get the deduc...
08/27/2026

Here's the good news.

Oregon's change doesn't mean you permanently lose the deduction.

The issue is when you get the deduction.

Instead of potentially taking a much larger deduction sooner, Oregon is spreading the deduction over the useful life of the asset.

So the tax benefit doesn't simply disappear.

But timing matters — especially when you're planning this year's cash flow or estimated tax payments.

And there's another change to keep in mind:

You may need to track separate depreciation schedules for federal and Oregon purposes.

Not exactly the same numbers anymore.

Read the full article for the complete breakdown.

Planning a major equipment or vehicle purchase?There's more to consider than the purchase price.With Oregon's 2026 chang...
08/27/2026

Planning a major equipment or vehicle purchase?

There's more to consider than the purchase price.

With Oregon's 2026 change to bonus depreciation, the timing of your deduction can look different on your federal and Oregon returns.

That means a purchase that looks one way federally may look very different when you're planning your Oregon taxable income and cash flow.

The goal isn't to avoid buying equipment.

It's to understand the tax timing before the purchase catches you by surprise.

If you have a significant purchase planned for 2026, it's worth running the numbers first.

This isn't just a “big company” tax issue.The change can matter to businesses of different sizes and structures — includ...
08/26/2026

This isn't just a “big company” tax issue.

The change can matter to businesses of different sizes and structures — including partnerships, S corporations, LLCs, and individual owners reporting business income on their Oregon returns.

So if your business is purchasing qualifying equipment, vehicles, or other big-ticket assets in 2026, don't automatically assume your Oregon tax treatment will mirror your federal return.

That's the part worth understanding.

A tax rule can be important even when it doesn't make headlines.

Save this post if you're planning a major business purchase this year. 📌

08/26/2026

Let's make this real.

Imagine your business purchases $200,000 of new equipment in 2026.

Under the federal rules, you might be able to deduct most or all of that cost much sooner.

But Oregon is taking a different approach.

Your Oregon deduction may be spread out over the useful life of the equipment instead.

The deduction isn't necessarily gone.

The timing is different.

And that difference can matter when you're looking at your Oregon taxable income, estimated payments, and cash flow.

This is exactly why a major purchase deserves more than a quick “Can I deduct this?” question.

The better question may be: How will this deduction work on my Oregon return?

For years, it was easier to think of federal and Oregon depreciation treatment as moving together.That's changing.For qu...
08/25/2026

For years, it was easier to think of federal and Oregon depreciation treatment as moving together.

That's changing.

For qualifying purchases made starting January 1, 2026, Oregon is stepping away from the federal bonus depreciation rules.

So while the federal return may allow a much larger deduction sooner, Oregon may require that deduction to be spread across the useful life of the asset.

Same equipment.

Same purchase.

But potentially two different depreciation schedules.

That's an important distinction to understand before making — or planning around — a major business purchase.

Swipe through, then read the full blog for the details.

08/25/2026

Here's something Oregon business owners may not realize about their 2026 equipment purchases.

The federal rules and Oregon rules are no longer moving together when it comes to bonus depreciation.

That means the same purchase can produce a very different tax result depending on which return you're looking at.

And that difference matters when you're planning cash flow and estimated taxes. ⚠️

Read our latest blog for the simple breakdown.

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