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Accounting and AccountabilityAuthor: Faw Casson
A podcast focusing on the top things business taxpayers need to know. Updated information that is easy to digest and will keep you on the cutting edge of business finance news. Language: en Genres: Business, Business News, Management, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Episode 137: The Tax Breaks You're Probably Missing, and the Tech That's Changing Everything
Episode 137
Friday, 20 March, 2026
In this episode: A little-known tax opportunity involving long-term care costs that can significantly reduce taxable income if handled correctly Why medical expense deductions aren't as straightforward as people think, and how thresholds and documentation come into play The real story behind deducting vehicles for business use, including where people tend to overestimate what they can write off How newer depreciation rules and limits impact big purchases, especially vehicles and equipment Key deadlines and elections business owners often miss, and how those timing decisions can affect taxes A candid look at how artificial intelligence is rapidly changing accounting, bookkeeping, and financial reporting Practical ways firms are already using AI to save time, improve accuracy, and streamline client work What business owners should expect as technology becomes more embedded in financial operations, whether they like it or not A shift toward more modern, digital client experiences, including changes to billing and payment processes
