Welcome to DeepDive, the podcast where artificial intelligence and industry-leading expertise come together to take you deep into strategies for success in the tax and accounting industry. Each episode dives into important issues and trends, sharing insights about real tax and accounting pros, along with the latest from our CountingWorks Pro blog—all powered by AI for a listening experience you have to hear to believe. Whether you’re looking to stay on top of industry news or just want to make sense of complex topics, DeepDive is here to keep you on the cutting edge.
President Donald Trump is targeting electric vehicles and has proposed cutting subsidies and tax credits for electric vehicles and other associated issues.
1/29/25 • 06:51
Explore the financial and tax decisions faced by the $1.26 billion Mega Millions winner, with expert advice on navigating sudden wealth.
1/29/25 • 14:44
Learn what makes a solid credit score, why it matters, and how to boost yours to secure better loans, lower interest rates, and greater financial freedom.
1/29/25 • 05:59
The IRS Identity Protection PIN (IP-PIN) is a crucial tool in the fight against tax-related identity theft.
1/28/25 • 12:12
Military service members face unique challenges and opportunities when it comes to taxation. The tax code provides specific provisions that recognize the sacrifices and circumstances of military life, offering various tax benefits and exemptions.
1/23/25 • 14:37
Many U.S. taxpayers find themselves with financial interests or assets located outside the United States. Whether through inheritance, investment, or business ventures, these foreign assets come with specific reporting requirements mandated by the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). Failing to follow the reporting mandates can result in severe penalties.
1/23/25 • 10:18
Experts discuss EV tax credits and sustainable transportation for all during the second Trump administration. Explore the future of these incentives.
1/21/25 • 14:19
Ready to retire in 2025? Start with these five must-do steps—like reevaluating your savings, navigating RMDs, and maximizing Social Security—to lock in a confident, stress-free retirement.
1/14/25 • 08:06
When parents go through a separation or divorce, one of the many complex issues they face is determining who gets to claim the children as dependents for tax purposes. This decision can significantly impact the financial situation of both parents, as it affects eligibility for various tax credits and deductions.
1/14/25 • 11:39
Discover the key rules for 1099 issuance, especially when payments cross into the new year. Learn how to avoid penalties and streamline your tax reporting with expert help from our firm. Perfect for small businesses looking to start the year right.
1/14/25 • 04:36
As lunar exploration ramps up, Kevin Brown’s moon tax proposes a way to ensure equitable benefits for all humanity. Learn how this bold idea could shape our future.
1/13/25 • 12:29
Are you curious about fractional hiring? Learn how small and mid-sized businesses can leverage on-demand experts—like fractional sales or marketing pros—while cutting costs and staying agile.
1/8/25 • 14:45
Big tax changes are coming in 2025! Learn how expiring TCJA provisions, IRS adjustments, and retirement updates may impact you. Contact us for guidance.
1/8/25 • 13:31
Did you miss the year-end tax deadline? Learn last-minute strategies—like funding a SEP-IRA or fixing bookkeeping errors—to recoup lost deductions and maximize tax savings.
1/8/25 • 11:16
Stop chasing empty revenue goals and start focusing on what really matters—your bottom line. Learn how a “profit first” mentality can boost your cash flow, guide smarter decisions, and kick off the New Year with real financial growth.
1/7/25 • 09:38
Tax preparation is not just about gathering documents and giving them to your tax preparer; it's about understanding your financial situation and ensuring compliance with tax laws. Proper preparation can lead to significant savings and prevent potential issues with the IRS.
12/31/24 • 10:56
Form 1099-K was introduced as part of the Housing and Economic Recovery Act of 2008, with its reporting requirements taking effect in 2011. The form was a response to the growing e-commerce sector and the IRS's need to ensure that income from online transactions was accurately reported. The reporting rules have changed significantly over the years, including new requirements for 2024.
12/31/24 • 14:20
You, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the effort usually pays off in the extra tax you might save! When you arrive at your appointment fully prepared, we’ll have more time to explore additional deductions and plan for the future.
12/30/24 • 19:49
Are you self-employed and wondering how to maximize your vehicle-related business deductions? This episode covers everything you need to know about the IRS standard mileage rates for 2024 (67.0 cents per mile) and 2025 (70.0 cents per mile), how these rates are determined, and when you might want to consider switching to the actual expense method for a potentially larger deduction. Learn the key requirements for each method, the importance of maintaining accurate records, and why employees can no longer deduct vehicle expenses under current tax laws.
12/24/24 • 06:26
Learn how accountants can use QuickBooks budgeting tools to forecast revenue, manage expenses, and grow their practice in 2025.
12/24/24 • 10:55
Individuals and small businesses should consider various ways of starting off on the right foot for the 2025 tax year.
12/23/24 • 12:13
Before tax season heats up, enjoy these funny and bizarre tax stories—from outrageous deductions to unexpected IRS calls. Laughter guaranteed!
12/23/24 • 10:17
Learn about the most common financial fraud schemes targeting small businesses, including payroll fraud, phishing scams, and vendor fraud. Discover practical tips to protect your business with strong financial controls and expert advice. Contact us today to safeguard your company.
12/17/24 • 14:14
The Mega Backdoor Roth IRA is an advanced retirement savings strategy that allows high-income earners to contribute significantly more to their Roth IRA than the standard limits permit.
12/10/24 • 14:02
Properly naming beneficiaries ensures that your assets are transferred smoothly and according to your wishes, bypassing the often lengthy and costly probate process.
12/9/24 • 06:25
Discover why precise payroll is critical for your SMB. Avoid IRS penalties, save time, and build employee trust by partnering with a payroll-savvy tax professional. Contact us today for seamless compliance.
12/9/24 • 11:07
Received an IRS letter? Learn common reasons for notices, how to act quickly to avoid penalties, and why partnering with a tax professional can simplify the process. Contact us for expert help today!
12/9/24 • 13:05
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a game-changing nationwide injunction that temporarily halts enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements. Here’s what this means for you and the compliance landscape in the weeks ahead.
12/6/24 • 04:04
The deductibility of meal expenses for employers and business entities is a nuanced area of tax law that requires careful consideration of various rules and exceptions. This article explores the intricacies of meal expense deductions, focusing on when the 50% deductibility rule applies, exceptions to this rule, and strategies for planning around these limitations.
12/5/24 • 14:14
Boost your retirement savings in your 40s and 50s with smart tax strategies. Discover how to use tax-advantaged tools and proactive planning to secure your financial future. Start catching up today!
12/4/24 • 16:16
