deepdive.
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.
Episodes
85 episodes
You Are Not an ATM
Discover how adopting a Profit First mentality can stop the constant drain of your personal funds into your business. Learn practical strategies for managing cash flow, eliminating wasteful spending, and building a sustainable, profitable busin...
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Season 1
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Episode 85
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7:40
The Retirement Tax Surprise: What Boomers Need to Know Before It’s Too Late
Retirement doesn't mean you're done with taxes. Learn how RMDs, Social Security, and hidden tax traps could impact your nest egg—and what you can do now to keep more of your money. Contact our office today for a personalized tax strategy.
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Season 1
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Episode 84
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11:23
Maximize Your Tax Savings: A Small Business Owner’s Guide to Essential Tax Deductions
Discover how small business tax deductions work and learn proven strategies to minimize your tax liability. Our comprehensive guide explains what tax deductions are, how to use the tax code proactively, and why professional help is crucial.
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Season 1
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Episode 83
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13:07
How to Choose the Perfect Business Entity for Your Venture
Choosing the right business entity is a critical decision for entrepreneurs and business owners. The type of entity you select can have significant implications for liability, taxation, and the overall management of your business
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Season 1
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Episode 82
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11:37
Understanding Recent Changes to Tax Sheltered Annuities
A 403(b) plan, also known as a tax-sheltered annuity, is a retirement savings program that many tax-exempt organizations and public education institutions offer to their employees. These plans are designed to supplement retirement income throug...
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Season 1
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Episode 81
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12:29
Maximize Your Business Vehicle's Potential: Essential Tips for Smart Tax Savings and Efficiency
Navigating the tax treatment of business vehicles requires a thorough understanding of the available deduction methods and their implications. Whether you choose the optional mileage method or the actual expense method, it's crucial to maintain...
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Season 1
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Episode 80
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10:46
Maximizing Your Financial Happiness – Transform Your Money Habits and Thrive
Discover actionable strategies to break free from costly financial mistakes and build lasting financial well-being. Learn how to automate savings, create a realistic budget, and invest in your future to maximize your financial outcomes and happ...
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Season 1
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Episode 79
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10:48
A Hidden Cost: Why Penalties Could Be Draining Your Wallet at Tax Time
The Internal Revenue Service (IRS) has clear guidelines regarding the deductibility of penalties. According to IRS rules, penalties paid to the government for violating laws are not deductible as business expenses or itemized deductions.
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Season 1
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Episode 78
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7:32
Spring Clean Your Business Finances: 7 Easy Ways to Better Cash Flow
It’s time to declutter your business finances. Discover 7 actionable tips to improve cash flow, reduce expenses, and refocus your operations this spring. Contact our office to get expert help streamlining your financial systems.
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Season 1
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Episode 77
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12:23
How Installment Sales Can Benefit Both Property Sellers and Buyers
When selling a property, one of the options available to sellers is the installment sale. This method allows the seller to receive payments over time rather than a lump sum at the time of sale. This approach can be beneficial for both the selle...
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Season 1
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Episode 76
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12:29
Can’t Pay Your Taxes? Explore These Alternatives to Manage Your Tax Liability
Individuals have many options when they cannot pay their tax liability by the April due date, including setting up an IRS payment plan, making a payment by credit card, tapping a retirement plan, and borrowing money from a friend or relative. E...
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Season 1
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Episode 75
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14:31
The Mid-Year Review: Your Secret Weapon (Now That Everything Is Uncertain)
Stop leaving money on the table! A mid-year financial review uncovers hidden opportunities, optimizes tax savings, and boosts your bottom line.
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Season 1
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Episode 74
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5:04
Relief Options for Spouses Treated Unfairly on Joint Returns
Using the married joint filing status can sometimes lead to complications, especially when one spouse has outstanding debts or when there are discrepancies in reported income. The IRS provides two forms of relief to address these issues: Injure...
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Season 1
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Episode 73
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14:23
Cybersecurity: The Financial Crescendo of Ignoring Digital Threats
Discover best practices for defending your small business against rising cyber threats and protecting your financial longevity. Learn how to secure your digital assets—contact our firm today.
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Season 1
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Episode 72
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5:51
Loss on the Sale of an Inherited Home
A beneficiary who inherits the residence of a decedent generally acquires it with a basis equal to the fair market value at the decedent’s date of death, and since it is inherited property, it is treated as held for long-term.
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Season 1
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Episode 71
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5:37
Millennials: Redefining Your Tax and Financial Planning
Discover innovative tax planning and personal finance strategies designed for millennials. Learn how to maximize digital deductions, diversify income, and secure your financial future. Contact our firm today.
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Season 1
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Episode 70
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12:21
Cash Flow Management Amid Tax Payments: Keep Your Business in the Green
Struggling with cash flow during tax season? Discover expert strategies to balance operating expenses with tax obligations and safeguard your business against economic uncertainty. Contact our firm today for tailored advice.
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Season 1
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Episode 69
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8:59
Cancellation of Debt of a Decedent
If a debt of a taxpayer is cancelled after the death of the taxpayer, the cancellation of debt (COD) income is income to the estate or the non-grantor trust of the decedent and reportable as income on the 1041 return for the estate or non-grant...
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Season 1
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Episode 68
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6:05
Strategies for Maximizing Your Roth IRA Contributions
Learn helpful financial strategies for maximizing your Roth IRA contributions as you plan a financially stable and secure future.
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Season 1
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Episode 67
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11:46
How Offers in Compromise Can Help You Settle Overwhelming Tax Debts
An Offer in Compromise (OIC) is a program offered by the Internal Revenue Service (IRS) that allows taxpayers to settle their tax debts for less than the full amount owed. The purpose of an OIC is to provide a path for financially distressed ta...
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Season 1
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Episode 66
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11:52
Unlock Savings: How the Child and Dependent Care Credit Can Ease Your Childcare Costs
The Child and Dependent Care Credit is a valuable tax benefit designed to assist working parents and caregivers in managing the costs associated with caring for their dependents. This credit can significantly reduce the financial burden of chil...
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Season 1
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Episode 65
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14:09
How Employers Can Establish and Fund Employee Pensions with Tax Incentives
The Internal Revenue Code (IRC) provides a valuable employer incentive which offers a tax credit for employer contributions to new retirement plans.
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Season 1
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Episode 64
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11:22
Zero-Based Budgeting: The Bold Way to Stop Wasting Money and Start Growing
Learn how zero-based budgeting helps small businesses uncover hidden waste, justify every expense, and channel savings into meaningful growth.
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Season 1
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Episode 63
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11:52
Rev Up Your Tax Savings: A Guide to Donating Your Vehicle to Charity
Charitable donations of used vehicles including cars, boats, and airplanes, stand out due to the specific rules governing their contributions.
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Season 1
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Episode 62
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11:11
Unlocking Tax Savings: The Ultimate Guide to Choosing the Perfect Filing Status
Choosing the correct income tax filing status is crucial for minimizing your tax liability and maximizing your potential refunds. Understanding the nuances of each status, including many special situations, can help you make informed decisions....
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Season 1
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Episode 61
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9:43