1 rich Libsyn https://www.libsyn.com 90 600 In this episode:&amp;nbsp; A breakdown of key differences between the House and Senate tax proposals, including bonus depreciation and the SALT deduction cap. Why self-employed individuals should pay attention to long-term care premium deductions and upcoming retirement withdrawal exceptions. A crash course on accounting method changes and how the IRS isn’t a fan of casual flip-flopping. How to properly document and deduct a non-repaid loan gone bad (even if it’s to your sketchy cousin). What to do if you or your client forgets their RMD, and how to potentially avoid a 25% penalty. Real talk on budgeting: why most budgets get shelved and how to build one that actually helps you make decisions year-round. Tips for turning budgets into strategy tools like using budget-to-actual comparisons to pivot fast when the market shifts. How to forecast for revenue dips, capital improvements, or surprise curveballs (looking at you, HVAC unit from 1995). A listener-submitted question prompts a deep dive into using budgeting for strategic planning, accountability, and flexibility—not just math homework. This episode proves that a good budget isn’t about predicting the future, it’s about preparing to meet it with a plan in hand and your receipts in order. Accounting and Accountability http://fawcasson.libsyn.com/website <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/37164550/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/37164550