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deepdive.

deepdive.
Author: CountingWorks PRO Marketing Team
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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.
92 Episodes
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Near retirement? Learn how Boomers can use tax-loss harvesting, bunching deductions, and smart planning to stay resilient through market uncertainty without investment advice.
Consumers are delaying purchases, travel, and dining due to economic uncertainty. Learn how small businesses can adapt their planning and stay resilient through tariff-related shifts.
With mixed economic signals, small businesses must prioritize cash flow management. Learn smart budgeting, scenario planning, and how to stay resilient — no matter what’s next.
Supply chain disruptions can crush small businesses if you're not prepared. Learn how to map risks, build supplier relationships, stay flexible, and protect your operations.
Understanding an exempt organization’s return filing requirements is crucial for maintaining its tax-exempt status, avoiding penalties, and ensuring compliance with the Internal Revenue Service.
The landscape of asset depreciation and expense deductions offers a wealth of options for businesses aiming to optimize their tax outcomes and bottom line. Each method, from depreciation.
In today’s globalized financial landscape, U.S. taxpayers are increasingly engaged with foreign financial institutions—whether through direct ownership, joint accounts with relatives, or even through the rental income deposited in foreign banks. Compliance with the reporting requirements for foreign financial assets and accounts is not optional. Taxpayers must abide by the rigorous requirements set forth by FinCEN for the FBAR (FinCEN Form 114) and by the IRS for Form 8938 under the Foreign A...
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 business.
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.
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.
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
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 through pre-tax contributions from earnings. Recent legislation included a deferred effective date for some of the changes. This material includes those changes.
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 accurate records and stay informed about tax law changes.
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 happiness.
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.
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.
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 seller and the buyer, offering flexibility and potential tax advantages.
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. Each option has negative implications, and some have substantial fees, penalties and/or interest. What would you do if you had a tax liability and could not pay?
Stop leaving money on the table! A mid-year financial review uncovers hidden opportunities, optimizes tax savings, and boosts your bottom line.
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: Injured Spouse Tax Relief and Innocent Spouse Relief.
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