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Accounting and Accountability

Accounting and Accountability

Written by: Faw Casson
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A podcast focusing on current events vital for any business owner, legislation changes and tax updates in easy to understand conversation. We're not your average accountants.All Rights Reserved Economics Management Management & Leadership Politics & Government
Episodes
  • Episode 132: Catch-Ups, Cutoffs & Contribution Caps: 2026 Retirement & Tax Gamechangers
    Jan 9 2026

    In this episode:

    • Why "goals" beat New Year's resolutions (and how business owners can take that mindset into tax season).

    • A rundown of 2026 tax law changes that matter most for business owners—especially those involving deductions, 1099s, and retirement contributions.

    • Proactive security and document exchange tips during tax season (and why SafeSend might be your new best friend).

    • Key updates for employers: 1099 filing thresholds are changing, and new fringe benefit rules might affect your planning.

    • Why HSAs and Roth 401(k) catch-ups are worth a closer look this year.

    Diane Laird, Downtown Dover Partnership

    Diane Laird, Executive Director of the Downtown Dover Partnership (DDP), shares how Dover's revitalization has evolved from piecemeal, market-driven change to a coordinated, community-led transformation. With decades in interior design and urban policy, she explains how a master plan has brought together public, private, and nonprofit stakeholders under one vision.

    Key projects like the Mobility Center and a mixed-use redevelopment of the old Acme site are already underway, backed by creative financing and strategic zoning changes. The DDP's new nonprofit, Capital City Transformation Alliance, will reinvest parking revenue directly into future improvements, an unusual and impactful move.

    Diane also previews Winterfest 2026, a free downtown celebration with ice sculptures, food trucks, music, and more—all part of a broader effort to boost foot traffic, local pride, and small business success downtown.

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    43 mins
  • Episode 131: Don't Leave Money on the Table: New Deductions, Donor Hacks & The Truth About Trump Accounts
    Dec 29 2025

    In this episode:

    • What Trump Accounts are, who qualifies, and why parents of young kids should pay attention in 2026.

    • How the "no tax on tips/overtime" headlines are misleading and what employers need to prepare for now.

    • Why hobby losses are red flags for the IRS, especially for side gigs that never turn a profit.

    • A timely breakdown of gift tax rules, including how to move money to family members tax-free and when you do have to file something.

    • Creative ways to give to charity, including donor-advised funds and how businesses can deduct donations as advertising.

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    16 mins
  • Episode 130: Tax Planning Before the Clock Runs Out: Strategies, Credits, and Compliance
    Dec 12 2025

    In this episode, we explore some of the most important tax updates and strategies that business owners should have on their radar. Topics include:

    • A game-changing update that makes a popular capital gains deferral tool available for the long term

    • A new IRS process that could save compliant taxpayers time and frustration when dealing with penalties

    • A significant tax credit for businesses that invest in employee childcare and support services

    • How the IRS is finally adding clarity to error notices, and why it matters for your bottom line

    • What's coming soon to simplify cryptocurrency tax reporting for both individuals and businesses

    • Key year-end tax strategies you may still have time to take advantage of

    • A major change in Delaware's approach to depreciation, and how it could impact planning

    • New deductions tied to everyday financial choices, like vehicle loans and charitable giving

    • Expanded options for using 529 Plans that go well beyond traditional college tuition

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    21 mins
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