{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 119: Budgets, Breakdowns & Bad Debt: How to Sweat Less and Strategize More","description":"In this episode:  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\u2019t a fan of casual flip-flopping. How to properly document and deduct a non-repaid loan gone bad (even if it\u2019s 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\u2014not just math homework. This episode proves that a good budget isn\u2019t about predicting the future, it\u2019s about preparing to meet it with a plan in hand and your receipts in order. ","author_name":"Accounting and Accountability","author_url":"http:\/\/fawcasson.libsyn.com\/website","html":"