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Tiffany Phillips

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SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice308 \\ How to Pay Estimated Taxes Without Overpaying or Getting PenalizedMost business owners are overpaying their estimated taxes by $15,000–$20,000 a year — and their CPAs are telling them it’s “the safe thing to do.” In this episode, Tiffany Phillips exposes how fear-based accounting advice quietly drains your cash flow and gives the IRS an interest-free loan. You’ll learn the truth about estimated taxes, how safe harbor rules really work, and the simple calculation that keeps you penalty-free without overpaying. Tiffany walks through real client examples that saved tens of thousands in unnecessary payments — plus the exact system you can use to keep more money in your business year...
2025-11-2818 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice308 \\ How to Pay Estimated Taxes Without Overpaying or Getting PenalizedMost business owners are overpaying their estimated taxes by $15,000–$20,000 a year — and their CPAs are telling them it’s “the safe thing to do.” In this episode, Tiffany Phillips exposes how fear-based accounting advice quietly drains your cash flow and gives the IRS an interest-free loan. You’ll learn the truth about estimated taxes, how safe harbor rules really work, and the simple calculation that keeps you penalty-free without overpaying. Tiffany walks through real client examples that saved tens of thousands in unnecessary payments — plus the exact system you can use to keep more money in your business year...
2025-11-2818 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice307 \\ Stop Losing Money: The 3 Financial Traps Smart Entrepreneurs Fall IntoMost business owners think they’re on top of their finances — until they realize they’re losing tens of thousands a year through simple but costly mistakes. In this episode, Tiffany Phillips breaks down the three biggest money mistakes draining business profits: failing to set aside tax money, budgeting based on your best month, and mixing personal and business finances. You’ll learn how to fix each one fast, protect your business legally, and stop overpaying the IRS. Tiffany shares real client stories that show how these errors compound over time — and how fixing them can add thousands...
2025-11-2620 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice307 \\ Stop Losing Money: The 3 Financial Traps Smart Entrepreneurs Fall IntoMost business owners think they’re on top of their finances — until they realize they’re losing tens of thousands a year through simple but costly mistakes. In this episode, Tiffany Phillips breaks down the three biggest money mistakes draining business profits: failing to set aside tax money, budgeting based on your best month, and mixing personal and business finances. You’ll learn how to fix each one fast, protect your business legally, and stop overpaying the IRS. Tiffany shares real client stories that show how these errors compound over time — and how fixing them can add thousands...
2025-11-2620 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice306 \\ Time’s Running Out: Use This End-of-Year Tax Strategy Before It’s GoneMost high-earning business owners are missing a legal, IRS-approved strategy that could save them tens of thousands in taxes — the backdoor Roth IRA. In this episode, Tiffany Phillips explains how this overlooked wealth-building tool works, who qualifies, and what you need to do before December 31 to take advantage of it. You’ll learn why even successful entrepreneurs get bad advice from compliance-focused CPAs, how to avoid the costly mistakes that ruin this strategy, and how to use it as part of a bigger plan for tax-free retirement income. If you’re making over the Roth IRA in...
2025-11-2418 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice306 \\ Time’s Running Out: Use This End-of-Year Tax Strategy Before It’s GoneMost high-earning business owners are missing a legal, IRS-approved strategy that could save them tens of thousands in taxes — the backdoor Roth IRA. In this episode, Tiffany Phillips explains how this overlooked wealth-building tool works, who qualifies, and what you need to do before December 31 to take advantage of it. You’ll learn why even successful entrepreneurs get bad advice from compliance-focused CPAs, how to avoid the costly mistakes that ruin this strategy, and how to use it as part of a bigger plan for tax-free retirement income. If you’re making over the Roth IRA in...
2025-11-2418 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice305 \\ The Truth About S-Corps, LLCs, and the Tax CodeMost business owners set up an LLC and think they’re done—but the wrong tax structure could be draining $15,000 to $30,000 a year from your profits. In this episode, Tiffany Phillips explains how sole proprietorships, S-Corps, and C-Corps really work, and how each impacts your taxes. You’ll learn how to legally pay less, avoid self-employment tax traps, and make smarter business structure decisions that protect both your assets and your wallet. If you’ve ever been confused about LLCs versus S-Corporations, or why your CPA hasn’t mentioned changing your election, this episode will make it crystal cl...
2025-11-2121 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice305 \\ The Truth About S-Corps, LLCs, and the Tax CodeMost business owners set up an LLC and think they’re done—but the wrong tax structure could be draining $15,000 to $30,000 a year from your profits. In this episode, Tiffany Phillips explains how sole proprietorships, S-Corps, and C-Corps really work, and how each impacts your taxes. You’ll learn how to legally pay less, avoid self-employment tax traps, and make smarter business structure decisions that protect both your assets and your wallet. If you’ve ever been confused about LLCs versus S-Corporations, or why your CPA hasn’t mentioned changing your election, this episode will make it crystal cl...
2025-11-2121 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice302 \\ How Powerful Language Builds Wealth for Female EntrepreneursIf you’ve ever said, “Sorry to bother you” or “I think maybe…,” this episode is your wake-up call. We’re breaking down how language shapes your confidence, your authority, and even your bottom line. You’ll learn practical, real-world communication strategies used by the top 1% of entrepreneurs — the ones who speak with power, make decisive money decisions, and stop apologizing for success. Host Tiffany Phillips shares powerful examples of how women and entrepreneurs can shift from playing small to leading with confidence. You’ll hear real talk on business strategy, money mindset, and why confident communication is your most profita...
2025-11-1420 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice302 \\ How Powerful Language Builds Wealth for Female EntrepreneursIf you’ve ever said, “Sorry to bother you” or “I think maybe…,” this episode is your wake-up call. We’re breaking down how language shapes your confidence, your authority, and even your bottom line. You’ll learn practical, real-world communication strategies used by the top 1% of entrepreneurs — the ones who speak with power, make decisive money decisions, and stop apologizing for success. Host Tiffany Phillips shares powerful examples of how women and entrepreneurs can shift from playing small to leading with confidence. You’ll hear real talk on business strategy, money mindset, and why confident communication is your most profita...
2025-11-1420 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice300 \\ The IRS Just Changed Everything: What Business Owners Must Do Before 2026Big changes are coming—and the clock is ticking. In this episode, we break down the One Big Beautiful Bill and how it will reshape taxes for every business owner starting in 2026. You’ll learn what’s changing with tax brackets, deductions, HSAs, and the SALT cap, plus how to use these updates to your advantage before it’s too late. Host Tiffany Phillips explains how smart tax strategies and early planning can mean the difference between saving thousands or losing them. This isn’t just another round of tax adjustments—it’s your chance to get ahead while mo...
2025-11-1015 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice300 \\ The IRS Just Changed Everything: What Business Owners Must Do Before 2026Big changes are coming—and the clock is ticking. In this episode, we break down the One Big Beautiful Bill and how it will reshape taxes for every business owner starting in 2026. You’ll learn what’s changing with tax brackets, deductions, HSAs, and the SALT cap, plus how to use these updates to your advantage before it’s too late. Host Tiffany Phillips explains how smart tax strategies and early planning can mean the difference between saving thousands or losing them. This isn’t just another round of tax adjustments—it’s your chance to get ahead while mo...
2025-11-1015 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice299 \\ The 15 Legal Deductions Your CPA Never Told You AboutThink you’re writing off everything you can? Think again. In this episode, we’re exposing the bad tax tips spreading across social media and showing you the real deductions that actually work. You’ll learn the 15 biggest write-offs most business owners miss — from the QBI deduction to depreciation, home office expenses, and vehicle write-offs. These are legit, IRS-approved tax strategies that can save you thousands every year. Host Tiffany Phillips breaks down what your CPA isn’t telling you and how to protect yourself from bad finance advice. If you’re ready to legally cut your tax...
2025-11-0715 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice299 \\ The 15 Legal Deductions Your CPA Never Told You AboutThink you’re writing off everything you can? Think again. In this episode, we’re exposing the bad tax tips spreading across social media and showing you the real deductions that actually work. You’ll learn the 15 biggest write-offs most business owners miss — from the QBI deduction to depreciation, home office expenses, and vehicle write-offs. These are legit, IRS-approved tax strategies that can save you thousands every year. Host Tiffany Phillips breaks down what your CPA isn’t telling you and how to protect yourself from bad finance advice. If you’re ready to legally cut your tax...
2025-11-0715 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice294 \\ Audit-Proof Tax Secrets: Turn Trips Into Legit Business ExpensesAre you leaving thousands of dollars on the table? Most business owners are. In this episode, Tiffany Phillips shares how smart tax planning can turn travel into legitimate business deductions. Forget the old advice that says, “Don’t risk it.” Wealthy entrepreneurs have been using these strategies for decades—and you can too. You’ll learn the Four Pillars of audit-proof business travel, how to avoid costly mistakes, and real stories from business owners who saved big with proper documentation. Tiffany breaks down what you can write off, what you can’t, and how to structure trips so they pass...
2025-10-2719 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice294 \\ Audit-Proof Tax Secrets: Turn Trips Into Legit Business ExpensesAre you leaving thousands of dollars on the table? Most business owners are. In this episode, Tiffany Phillips shares how smart tax planning can turn travel into legitimate business deductions. Forget the old advice that says, “Don’t risk it.” Wealthy entrepreneurs have been using these strategies for decades—and you can too. You’ll learn the Four Pillars of audit-proof business travel, how to avoid costly mistakes, and real stories from business owners who saved big with proper documentation. Tiffany breaks down what you can write off, what you can’t, and how to structure trips so they pass...
2025-10-2719 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice292 \\ Good Debt vs. Bad Debt: The Wealth Secret You’re Missing (Rich Rules Series: Part 3)Most people think earning more money will make them rich. But here’s the truth: high income doesn’t equal wealth. In this episode, Tiffany Phillips reveals the middle-class money trap that keeps business owners stuck—and how to break free. You’ll learn the real difference between assets and liabilities, why wealthy people use good debt instead of avoiding it, and how to build multiple streams of income that keep paying you—whether you work or not. We’ll cover how to shift from paycheck dependency to paycheck independence with smart strategies, so you can build financial security and freedom...
2025-10-2222 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice292 \\ Good Debt vs. Bad Debt: The Wealth Secret You’re Missing (Rich Rules Series: Part 3)Most people think earning more money will make them rich. But here’s the truth: high income doesn’t equal wealth. In this episode, Tiffany Phillips reveals the middle-class money trap that keeps business owners stuck—and how to break free. You’ll learn the real difference between assets and liabilities, why wealthy people use good debt instead of avoiding it, and how to build multiple streams of income that keep paying you—whether you work or not. We’ll cover how to shift from paycheck dependency to paycheck independence with smart strategies, so you can build financial security and freedom...
2025-10-2222 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice291 \\ Stop Living Paycheck to Paycheck: The Shocking Truth About Money Management (Rich Rules Series: Part 2)Most people make good money but still feel broke. Why? Because they use the wrong system to manage it. In this episode of Rich Rules, Tiffany Phillips shares the bucket system—the simple way millionaires organize every dollar. You’ll learn why the “one bucket” approach fails, how to set up five separate accounts for necessities, savings, investments, learning, and fun, and how automation makes the system run without effort. This is real finance advice you can put into action today. By the end, you’ll know how to stop living paycheck to paycheck, avoid money chaos, and finall...
2025-10-2017 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice291 \\ Stop Living Paycheck to Paycheck: The Shocking Truth About Money Management (Rich Rules Series: Part 2)Most people make good money but still feel broke. Why? Because they use the wrong system to manage it. In this episode of Rich Rules, Tiffany Phillips shares the bucket system—the simple way millionaires organize every dollar. You’ll learn why the “one bucket” approach fails, how to set up five separate accounts for necessities, savings, investments, learning, and fun, and how automation makes the system run without effort. This is real finance advice you can put into action today. By the end, you’ll know how to stop living paycheck to paycheck, avoid money chaos, and finall...
2025-10-2017 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice290 \\ Why High Earners Stay Broke: The Money Secrets the Wealthy Already Know (Rich Rules Series: Part 1)Most people believe wealth is about how much you make. The truth? It’s about how you think about money. In this episode, Tiffany Phillips shares the Rich Rules wealthy people live by—mindset shifts that change everything about your financial future. You’ll learn why a paycheck is the biggest trap, how to use money for more than just spending and saving, and why habits matter more than income. These aren’t complicated tax strategies or risky schemes—they’re simple finance advice you can start using today. If you’re ready to move beyond survival mode and start building...
2025-10-1718 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice290 \\ Why High Earners Stay Broke: The Money Secrets the Wealthy Already Know (Rich Rules Series: Part 1)Most people believe wealth is about how much you make. The truth? It’s about how you think about money. In this episode, Tiffany Phillips shares the Rich Rules wealthy people live by—mindset shifts that change everything about your financial future. You’ll learn why a paycheck is the biggest trap, how to use money for more than just spending and saving, and why habits matter more than income. These aren’t complicated tax strategies or risky schemes—they’re simple finance advice you can start using today. If you’re ready to move beyond survival mode and start building...
2025-10-1718 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice289 \\ Tax-Free Wealth: The Retirement Strategy You’ll Regret Missing (December Dash Series: Part 3)The clock is ticking. In this episode of the December Dash series, Tiffany Phillips reveals the final year-end tax strategies that separate wealthy business owners from everyone else. Discover how solo 401(k)s, Health Savings Accounts, Roth conversions, charitable giving, and defined benefit plans can slash your tax bill and build lasting wealth. These aren’t just tax tips—they’re smart strategies with a hard December 31st deadline. If you miss it, the opportunity is gone. Learn how to avoid costly mistakes, maximize income, and make money decisions that build financial freedom. Whether you’re a small business owner, f...
2025-10-1524 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice289 \\ Tax-Free Wealth: The Retirement Strategy You’ll Regret Missing (December Dash Series: Part 3)The clock is ticking. In this episode of the December Dash series, Tiffany Phillips reveals the final year-end tax strategies that separate wealthy business owners from everyone else. Discover how solo 401(k)s, Health Savings Accounts, Roth conversions, charitable giving, and defined benefit plans can slash your tax bill and build lasting wealth. These aren’t just tax tips—they’re smart strategies with a hard December 31st deadline. If you miss it, the opportunity is gone. Learn how to avoid costly mistakes, maximize income, and make money decisions that build financial freedom. Whether you’re a small business owner, f...
2025-10-1524 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice288 \\ Tax Savings Deadline: 3 Moves to Keep $50K+ in Your Pocket Before Year-End (December Dash Series: Part 2)Most business owners think making more money is the key to building wealth. The truth? It’s keeping more of what you earn. In this episode, Tiffany Phillips shares powerful tax strategies that wealthy entrepreneurs use to slash tax bills and grow long-term wealth. You’ll learn how to use rental property, cost segregation, 1031 exchanges, and capital loss harvesting to unlock major tax savings before December 31. She also explains how high-income earners use oil and gas deductions to cut taxes fast. Every strategy is time-sensitive, and waiting even a week could cost you thousands. This isn’t theory—these are prov...
2025-10-1322 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice288 \\ Tax Savings Deadline: 3 Moves to Keep $50K+ in Your Pocket Before Year-End (December Dash Series: Part 2)Most business owners think making more money is the key to building wealth. The truth? It’s keeping more of what you earn. In this episode, Tiffany Phillips shares powerful tax strategies that wealthy entrepreneurs use to slash tax bills and grow long-term wealth. You’ll learn how to use rental property, cost segregation, 1031 exchanges, and capital loss harvesting to unlock major tax savings before December 31. She also explains how high-income earners use oil and gas deductions to cut taxes fast. Every strategy is time-sensitive, and waiting even a week could cost you thousands. This isn’t theory—these are prov...
2025-10-1322 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice287 \\ Stop Overpaying the IRS: 5 Year-End Tax Hacks Every Business Owner Must Use (December Dash Series: Part 1)Time is running out, and the IRS won’t wait. In this episode, Tiffany Phillips, CPA and tax strategist, breaks down five powerful tax strategies you must act on before December 31. These aren’t generic tax tips — they’re real moves that can save you tens of thousands. You’ll learn how a retroactive S-Corp election can cut self-employment taxes, how bonus depreciation turns business equipment into big deductions, and why paying family members through your business is a legal tax savings strategy. We’ll also cover estimated payments to avoid penalties and how to prepay expenses for instant...
2025-10-1017 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice287 \\ Stop Overpaying the IRS: 5 Year-End Tax Hacks Every Business Owner Must Use (December Dash Series: Part 1)Time is running out, and the IRS won’t wait. In this episode, Tiffany Phillips, CPA and tax strategist, breaks down five powerful tax strategies you must act on before December 31. These aren’t generic tax tips — they’re real moves that can save you tens of thousands. You’ll learn how a retroactive S-Corp election can cut self-employment taxes, how bonus depreciation turns business equipment into big deductions, and why paying family members through your business is a legal tax savings strategy. We’ll also cover estimated payments to avoid penalties and how to prepay expenses for instant...
2025-10-1017 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice286 \\ Debt Isn’t the Enemy The Shocking Truth About Wealth Planning (Millionaire Tax Secrets Series: Part 8)Most people think debt is bad. But what if debt could actually make you rich? In this episode of Millionaire Tax Secrets, Tiffany Phillips breaks down how wealthy people use good debt to grow their money, create tax savings, and build long-term wealth. You’ll learn the key difference between good debt and bad debt, why mortgages and business loans can actually help you, and how strategies like cash-out refinancing can give you tax-free cash to reinvest. Tiffany also shares real examples of clients who turned debt into cash flow, tax deductions, and lasting wealth. If...
2025-10-0824 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice286 \\ Debt Isn’t the Enemy The Shocking Truth About Wealth Planning (Millionaire Tax Secrets Series: Part 8)Most people think debt is bad. But what if debt could actually make you rich? In this episode of Millionaire Tax Secrets, Tiffany Phillips breaks down how wealthy people use good debt to grow their money, create tax savings, and build long-term wealth. You’ll learn the key difference between good debt and bad debt, why mortgages and business loans can actually help you, and how strategies like cash-out refinancing can give you tax-free cash to reinvest. Tiffany also shares real examples of clients who turned debt into cash flow, tax deductions, and lasting wealth. If...
2025-10-0824 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice285 \\ From Tax Trap to Tax Strategy: The Salary vs. Distribution Secret (Millionaire Tax Secrets Series: Part 7)Most small business owners don’t realize that staying a sole proprietor or single-member LLC can cost them thousands every year. In this episode, Tiffany Phillips breaks down when and why you should switch to an S-corporation—and how it can cut your self-employment taxes by 15% or more. Learn the smart strategies behind setting a “reasonable salary,” how to balance salary and distributions, and why entity structure is the foundation of tax planning and wealth protection. Tiffany shares real stories of business owners who saved tens of thousands by making this simple change. If you want to stop overpaying taxes an...
2025-10-0625 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice285 \\ From Tax Trap to Tax Strategy: The Salary vs. Distribution Secret (Millionaire Tax Secrets Series: Part 7)Most small business owners don’t realize that staying a sole proprietor or single-member LLC can cost them thousands every year. In this episode, Tiffany Phillips breaks down when and why you should switch to an S-corporation—and how it can cut your self-employment taxes by 15% or more. Learn the smart strategies behind setting a “reasonable salary,” how to balance salary and distributions, and why entity structure is the foundation of tax planning and wealth protection. Tiffany shares real stories of business owners who saved tens of thousands by making this simple change. If you want to stop overpaying taxes an...
2025-10-0625 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice284 \\ The Tax Savings Secret That Can Pay for Your Next Rental Property (Millionaire Tax Secrets Series: Part 6) What if the IRS helped pay for your business car or equipment? In this episode, Tiffany Phillips reveals how wealthy business owners use smart tax strategies to turn everyday purchases into massive tax savings. Learn how Section 179, bonus depreciation, and the “6,000-pound rule” can help you write off vehicles, equipment, and even buildings faster than you thought possible. Hear real stories of clients who turned tax savings into rental properties and steady cash flow. Tiffany also explains the money mindset shift that separates wealthy business owners from everyone else. If you want to save thousands in taxes while building long...
2025-10-0324 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice284 \\ The Tax Savings Secret That Can Pay for Your Next Rental Property (Millionaire Tax Secrets Series: Part 6) What if the IRS helped pay for your business car or equipment? In this episode, Tiffany Phillips reveals how wealthy business owners use smart tax strategies to turn everyday purchases into massive tax savings. Learn how Section 179, bonus depreciation, and the “6,000-pound rule” can help you write off vehicles, equipment, and even buildings faster than you thought possible. Hear real stories of clients who turned tax savings into rental properties and steady cash flow. Tiffany also explains the money mindset shift that separates wealthy business owners from everyone else. If you want to save thousands in taxes while building long...
2025-10-0324 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice283 \\ Oil & Gas, Private Foundations, and Other Tax Hacks of the Rich (Millionaire Tax Secrets Series: Part 5)What if you could slash your tax bill using the same strategies as the ultra-wealthy? In this episode of Millionaire Tax Secrets, Tiffany Phillips reveals three advanced tax strategies that can save you thousands while building long-term wealth. You’ll learn how oil and gas investments create rare tax deductions that offset active income, how private family foundations give you control over your giving while creating massive tax savings, and how the Augusta Rule lets business owners generate tax-free income right from home. These aren’t generic tax tips. They’re the same tax strategies wealth...
2025-10-0123 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice283 \\ Oil & Gas, Private Foundations, and Other Tax Hacks of the Rich (Millionaire Tax Secrets Series: Part 5)What if you could slash your tax bill using the same strategies as the ultra-wealthy? In this episode of Millionaire Tax Secrets, Tiffany Phillips reveals three advanced tax strategies that can save you thousands while building long-term wealth. You’ll learn how oil and gas investments create rare tax deductions that offset active income, how private family foundations give you control over your giving while creating massive tax savings, and how the Augusta Rule lets business owners generate tax-free income right from home. These aren’t generic tax tips. They’re the same tax strategies wealth...
2025-10-0123 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice282 \\ The Hidden Blueprint Wealthy Families Use to Build Generational Wealth (Millionaire Tax Secrets Series: Part 4)Most people chase one “magic” tax tip, but that’s not how wealthy families build lasting wealth. In this episode, Tiffany Phillips reveals The Trifecta System—a simple, proven framework that helps you create multiple income streams, lower your tax bill, and protect your wealth for the next generation. You’ll learn how to separate operations from assets, use smart tax strategies to maximize income, and set up legacy protection so your money flows exactly where you want it. Tiffany shares real client stories showing how entrepreneurs cut taxes by six figures while building passive income and long-term wealth. If you’ve...
2025-09-2922 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice282 \\ The Hidden Blueprint Wealthy Families Use to Build Generational Wealth (Millionaire Tax Secrets Series: Part 4)Most people chase one “magic” tax tip, but that’s not how wealthy families build lasting wealth. In this episode, Tiffany Phillips reveals The Trifecta System—a simple, proven framework that helps you create multiple income streams, lower your tax bill, and protect your wealth for the next generation. You’ll learn how to separate operations from assets, use smart tax strategies to maximize income, and set up legacy protection so your money flows exactly where you want it. Tiffany shares real client stories showing how entrepreneurs cut taxes by six figures while building passive income and long-term wealth. If you’ve...
2025-09-2922 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice279 \\ 99% of the Tax Code Is Designed to Save You Money (Here’s Proof) (Millionaire Tax Secrets Series: Part 1)Most business owners fear the tax code. But what if almost all of it was written to help you keep more of your money? In this episode, Tiffany Phillips shares the shocking truth: 99.5% of tax laws are incentives, not penalties. Learn how smart tax strategies can put thousands back in your pocket and why your CPA may not be telling you the full story. Stop overpaying and start using tax planning to build wealth. Don’t wait—your biggest tax savings opportunities are hiding in plain sight.   Next Steps: 💰 Start Paying Less in Taxes –...
2025-09-2217 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice279 \\ 99% of the Tax Code Is Designed to Save You Money (Here’s Proof) (Millionaire Tax Secrets Series: Part 1)Most business owners fear the tax code. But what if almost all of it was written to help you keep more of your money? In this episode, Tiffany Phillips shares the shocking truth: 99.5% of tax laws are incentives, not penalties. Learn how smart tax strategies can put thousands back in your pocket and why your CPA may not be telling you the full story. Stop overpaying and start using tax planning to build wealth. Don’t wait—your biggest tax savings opportunities are hiding in plain sight.   Next Steps: 💰 Start Paying Less in Taxes –...
2025-09-2217 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice198 \\ Turn Vacations Into Tax Deductions: How Entrepreneurs Travel SmarterWhat if your next luxury vacation could be a tax deduction? In this episode, Tiffany Phillips, tax strategist and author of Your Biggest Expense, reveals how business owners and entrepreneurs can legally use IRS rules to make travel work for them. You’ll learn how the wealthy structure their trips so flights, hotels, and meals become deductible, how to plan business activities that meet IRS requirements, and the simple formula for turning a vacation into a smart tax-saving move. Tiffany also shares real-life client examples and gives step-by-step strategies you can use today to reduce your tax bill, keep mo...
2025-03-1709 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice198 \\ Turn Vacations Into Tax Deductions: How Entrepreneurs Travel SmarterWhat if your next luxury vacation could be a tax deduction? In this episode, Tiffany Phillips, tax strategist and author of Your Biggest Expense, reveals how business owners and entrepreneurs can legally use IRS rules to make travel work for them. You’ll learn how the wealthy structure their trips so flights, hotels, and meals become deductible, how to plan business activities that meet IRS requirements, and the simple formula for turning a vacation into a smart tax-saving move. Tiffany also shares real-life client examples and gives step-by-step strategies you can use today to reduce your tax bill, keep mo...
2025-03-1709 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice195 \\ Stop Overpaying Taxes: How to Use the Tax Code Like the Wealthy DoMost people pay way more in taxes than they need to—simply because they don’t know the rules. In this episode, Tiffany Phillips explains why the IRS actually wants you to pay less and how to take advantage of the tax strategies that the wealthy have been using for years. You’ll learn the difference between tax compliance and tax strategy, how business owners unlock massive deductions, and why being proactive can save you tens of thousands of dollars every single year. Tiffany shares real client examples of tax bills slashed in half through smarter planning, and she breaks...
2025-03-1019 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice195 \\ Stop Overpaying Taxes: How to Use the Tax Code Like the Wealthy DoMost people pay way more in taxes than they need to—simply because they don’t know the rules. In this episode, Tiffany Phillips explains why the IRS actually wants you to pay less and how to take advantage of the tax strategies that the wealthy have been using for years. You’ll learn the difference between tax compliance and tax strategy, how business owners unlock massive deductions, and why being proactive can save you tens of thousands of dollars every single year. Tiffany shares real client examples of tax bills slashed in half through smarter planning, and she breaks...
2025-03-1019 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice194 \\ DIY Accounting Mistakes That Cost You Thousands—and How to Choose the Right CPADoing your own books or taxes might feel scrappy and smart—until it costs you thousands. In this episode, Tiffany Phillips explains why DIY accounting often leads to overpaying the IRS, missed deductions, and costly mistakes. She shares real-life examples of errors she sees all the time on self-prepared returns, including misclassified entities, improper depreciation, and payroll mistakes. You’ll learn when DIY makes sense, when to bring in a professional, and exactly how to interview accountants so you don’t hire the wrong fit. Tiffany also gives practical tips on transitioning from doing it all yourself to building a part...
2025-03-0719 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice194 \\ DIY Accounting Mistakes That Cost You Thousands—and How to Choose the Right CPADoing your own books or taxes might feel scrappy and smart—until it costs you thousands. In this episode, Tiffany Phillips explains why DIY accounting often leads to overpaying the IRS, missed deductions, and costly mistakes. She shares real-life examples of errors she sees all the time on self-prepared returns, including misclassified entities, improper depreciation, and payroll mistakes. You’ll learn when DIY makes sense, when to bring in a professional, and exactly how to interview accountants so you don’t hire the wrong fit. Tiffany also gives practical tips on transitioning from doing it all yourself to building a part...
2025-03-0719 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice191 \\ Deferred Sales Trust: The Tax Strategy That Can Save You MillionsIf you’re selling a business, investment property, or stock with major capital gains, this episode is for you. Tiffany reveals a powerful tax strategy—the Deferred Sales Trust—that can significantly reduce capital gains taxes and keep more of your money working for you. Learn how a deferred sales trust works, why it’s more flexible than a 1031 exchange, and how it helps business owners, real estate investors, and high-income earners avoid a massive tax hit. Tiffany breaks down the step-by-step process, dispels common misconceptions, and explains how this advanced tax planning tool can help you reinvest the full sal...
2025-02-2824 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice191 \\ Deferred Sales Trust: The Tax Strategy That Can Save You MillionsIf you’re selling a business, investment property, or stock with major capital gains, this episode is for you. Tiffany reveals a powerful tax strategy—the Deferred Sales Trust—that can significantly reduce capital gains taxes and keep more of your money working for you. Learn how a deferred sales trust works, why it’s more flexible than a 1031 exchange, and how it helps business owners, real estate investors, and high-income earners avoid a massive tax hit. Tiffany breaks down the step-by-step process, dispels common misconceptions, and explains how this advanced tax planning tool can help you reinvest the full sal...
2025-02-2824 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice187 \\ Wealthy Roth IRA Strategy: Tax-Free Retirement with Indexed Universal LifeIf you’ve ever been told you make too much to contribute to a Roth IRA, this episode is for you. Tiffany explains a powerful advanced strategy known as the “Wealthy Roth IRA,” using indexed universal life insurance to create a tax-free income stream in retirement. You’ll learn how high-income earners and business owners can work around Roth IRA income limits, reduce taxes in retirement, and protect their wealth. Tiffany breaks down the benefits of indexed universal life, how it ties to market indices with downside protection, and what risks to watch for when setting up this policy. This is...
2025-02-1923 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice187 \\ Wealthy Roth IRA Strategy: Tax-Free Retirement with Indexed Universal LifeIf you’ve ever been told you make too much to contribute to a Roth IRA, this episode is for you. Tiffany explains a powerful advanced strategy known as the “Wealthy Roth IRA,” using indexed universal life insurance to create a tax-free income stream in retirement. You’ll learn how high-income earners and business owners can work around Roth IRA income limits, reduce taxes in retirement, and protect their wealth. Tiffany breaks down the benefits of indexed universal life, how it ties to market indices with downside protection, and what risks to watch for when setting up this policy. This is...
2025-02-1923 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice186 \\ Trump’s 2025 Tax Plan: 5 Big Changes Business Owners Must KnowIn this episode, Tiffany breaks down five key tax changes coming under Trump’s new tax agenda and what they mean for business owners. From eliminating taxes on tips, overtime, and Social Security benefits, to raising the SALT deduction cap, and closing loopholes for billionaires and hedge fund managers, these updates are set to shift how taxes affect workers and entrepreneurs. Tiffany also explains why Made in America tax cuts and manufacturing incentives could create huge opportunities for business owners who act fast. Learn how these proposed changes may impact small business tax planning, R&D tax credits, and lo...
2025-02-1720 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice186 \\ Trump’s 2025 Tax Plan: 5 Big Changes Business Owners Must KnowIn this episode, Tiffany breaks down five key tax changes coming under Trump’s new tax agenda and what they mean for business owners. From eliminating taxes on tips, overtime, and Social Security benefits, to raising the SALT deduction cap, and closing loopholes for billionaires and hedge fund managers, these updates are set to shift how taxes affect workers and entrepreneurs. Tiffany also explains why Made in America tax cuts and manufacturing incentives could create huge opportunities for business owners who act fast. Learn how these proposed changes may impact small business tax planning, R&D tax credits, and lo...
2025-02-1720 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice185 \\ Cash Balance Plans: The Tax Strategy High-Income Business Owners OverlookIn this episode, Tiffany reveals one of the most underutilized tax strategies for high-income earners: the cash balance plan. If you own a profitable business and feel limited by IRAs, 401(k)s, or SEPs, this advanced retirement strategy can supercharge your savings and cut your tax bill. Tiffany explains how cash balance plans work, who qualifies, how contributions are calculated (often allowing $100k–$300k annually), and why they’re powerful for long-term tax planning. You’ll also learn the benefits for both you and your employees, including guaranteed retirement income, massive tax deductions, and competitive employee perks. If you’re serio...
2025-02-1422 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice185 \\ Cash Balance Plans: The Tax Strategy High-Income Business Owners OverlookIn this episode, Tiffany reveals one of the most underutilized tax strategies for high-income earners: the cash balance plan. If you own a profitable business and feel limited by IRAs, 401(k)s, or SEPs, this advanced retirement strategy can supercharge your savings and cut your tax bill. Tiffany explains how cash balance plans work, who qualifies, how contributions are calculated (often allowing $100k–$300k annually), and why they’re powerful for long-term tax planning. You’ll also learn the benefits for both you and your employees, including guaranteed retirement income, massive tax deductions, and competitive employee perks. If you’re serio...
2025-02-1422 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice184 \\ The $2,500 Tax Election That Can Save You Money and Prevent an IRS AuditIn this episode, Tiffany uncovers one of the most overlooked tax elections that can protect your business from costly mistakes and IRS audits. If you own a business and purchase equipment, computers, or other fixed assets under $2,500, this simple de minimis election can allow you to fully expense them in the year of purchase instead of depreciating them over time. Failing to make this election could mean overpaying taxes and increasing audit risk. Tiffany explains how this election works, why it matters, and why preparing your own return—or working with a CPA who doesn’t specialize in business tax—ca...
2025-02-1213 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice184 \\ The $2,500 Tax Election That Can Save You Money and Prevent an IRS AuditIn this episode, Tiffany uncovers one of the most overlooked tax elections that can protect your business from costly mistakes and IRS audits. If you own a business and purchase equipment, computers, or other fixed assets under $2,500, this simple de minimis election can allow you to fully expense them in the year of purchase instead of depreciating them over time. Failing to make this election could mean overpaying taxes and increasing audit risk. Tiffany explains how this election works, why it matters, and why preparing your own return—or working with a CPA who doesn’t specialize in business tax—ca...
2025-02-1213 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice182 \\ 5 Financial Mistakes Business Owners Must Avoid in 2025In this episode, Tiffany lays out the five biggest financial mistakes that can derail your 2025—and exactly how to fix them before they do damage. She covers why closing out your 2024 books and doing a financial review is critical, how to set stretch goals and build a realistic budget, the importance of reviewing tax strategies early in the year, and the role of cash flow management in keeping your business alive and growing. Tiffany also dives into upgrading your financial systems and technology so you can track results and make better decisions. Whether you’re trying to reduce taxes, mana...
2025-02-0728 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice182 \\ 5 Financial Mistakes Business Owners Must Avoid in 2025In this episode, Tiffany lays out the five biggest financial mistakes that can derail your 2025—and exactly how to fix them before they do damage. She covers why closing out your 2024 books and doing a financial review is critical, how to set stretch goals and build a realistic budget, the importance of reviewing tax strategies early in the year, and the role of cash flow management in keeping your business alive and growing. Tiffany also dives into upgrading your financial systems and technology so you can track results and make better decisions. Whether you’re trying to reduce taxes, mana...
2025-02-0728 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice181 \\ How to Build Your 2025 Business Battle Plan (Step-by-Step)In this episode, Tiffany shares the exact method she used to create her 2025 “battle plan” and finally gain clarity and focus for her business goals. After years of avoiding structured goal setting out of confusion and overwhelm, Tiffany walks through a practical, simple framework that breaks your big annual goal into quarterly focuses and monthly action steps. You’ll learn how to identify your one priority for the year, structure a 4×4 battle plan grid, and use it to create focus instead of chaos. Whether your main goal is leads, systems, or revenue growth, this method will help you prioritize and sta...
2025-02-0516 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice181 \\ How to Build Your 2025 Business Battle Plan (Step-by-Step)In this episode, Tiffany shares the exact method she used to create her 2025 “battle plan” and finally gain clarity and focus for her business goals. After years of avoiding structured goal setting out of confusion and overwhelm, Tiffany walks through a practical, simple framework that breaks your big annual goal into quarterly focuses and monthly action steps. You’ll learn how to identify your one priority for the year, structure a 4×4 battle plan grid, and use it to create focus instead of chaos. Whether your main goal is leads, systems, or revenue growth, this method will help you prioritize and sta...
2025-02-0516 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice176 \\ The #1 Mistake Entrepreneurs Make: Why Starting Messy Beats Waiting for PerfectIn this episode, Tiffany opens up about the biggest mistake entrepreneurs make—waiting for perfection instead of just starting. She shares personal lessons from building her podcast and business over the last two and a half years, including why action matters more than perfect planning. If you’ve been holding back on launching a business, side hustle, or new idea because it’s not “ready,” this conversation will give you the push you need to take the leap. Tiffany talks about the messy beginnings of her podcast, how progress comes from doing, and why 2025 is the year to start scared, st...
2025-01-2317 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice176 \\ The #1 Mistake Entrepreneurs Make: Why Starting Messy Beats Waiting for PerfectIn this episode, Tiffany opens up about the biggest mistake entrepreneurs make—waiting for perfection instead of just starting. She shares personal lessons from building her podcast and business over the last two and a half years, including why action matters more than perfect planning. If you’ve been holding back on launching a business, side hustle, or new idea because it’s not “ready,” this conversation will give you the push you need to take the leap. Tiffany talks about the messy beginnings of her podcast, how progress comes from doing, and why 2025 is the year to start scared, st...
2025-01-2317 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice73 \\ 2024 Business Tax Strategies: Stop Overpaying and Keep More of Your ProfitsAre you sending too much money to the IRS every year? In this episode, Tiffany explains why most business owners overpay in taxes and how to fix it in 2024. You’ll learn the four most common reasons companies waste money on taxes, including poor planning, bad entity choices, lack of tax strategies, and working with the wrong CPA. Tiffany also highlights the difference between reactive and proactive tax planning and why specialized cpa advice matters. If you own a small business or have a side hustle and pay significant taxes, this episode gives you a roadmap to tax reduction, sm...
2024-01-2513 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice73 \\ 2024 Business Tax Strategies: Stop Overpaying and Keep More of Your ProfitsAre you sending too much money to the IRS every year? In this episode, Tiffany explains why most business owners overpay in taxes and how to fix it in 2024. You’ll learn the four most common reasons companies waste money on taxes, including poor planning, bad entity choices, lack of tax strategies, and working with the wrong CPA. Tiffany also highlights the difference between reactive and proactive tax planning and why specialized cpa advice matters. If you own a small business or have a side hustle and pay significant taxes, this episode gives you a roadmap to tax reduction, sm...
2024-01-2513 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice72 \\ 2024 Tax Relief Bill Explained: Key Changes for Families, Small Businesses, and R&DA major tax bill is moving through Congress, and it could change your 2024 taxes in a big way. In this episode, Tiffany breaks down the Tax Relief for American Families and Workers Act of 2024 and explains how it affects small businesses, families, and entrepreneurs. You’ll learn about expanded child tax credits, bonus depreciation changes, Section 179 limits, new R&D rules, disaster relief deductions, and updated 1099 reporting thresholds. Tiffany also covers why staying informed about tax law changes is essential for tax planning and smarter business finance decisions. If you’re serious about tax reduction, proactive strategies, and protecting your...
2024-01-2215 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice72 \\ 2024 Tax Relief Bill Explained: Key Changes for Families, Small Businesses, and R&DA major tax bill is moving through Congress, and it could change your 2024 taxes in a big way. In this episode, Tiffany breaks down the Tax Relief for American Families and Workers Act of 2024 and explains how it affects small businesses, families, and entrepreneurs. You’ll learn about expanded child tax credits, bonus depreciation changes, Section 179 limits, new R&D rules, disaster relief deductions, and updated 1099 reporting thresholds. Tiffany also covers why staying informed about tax law changes is essential for tax planning and smarter business finance decisions. If you’re serious about tax reduction, proactive strategies, and protecting your...
2024-01-2215 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice70 \\ Passive Loss Tax Strategies: Smart CPA Advice for Real Estate InvestorsIn this insightful episode of our podcast, Tiffany, a seasoned financial expert, delves into the world of real estate investment, offering invaluable advice for investors grappling with passive losses and seeking tax deductions. Focusing on strategies that enable investors to capitalize on these losses, Tiffany shares her expertise in navigating the often-overlooked aspects of real estate taxation. Whether you're a new investor struggling to qualify as a real estate professional or a seasoned one looking to optimize your tax benefits, this episode is a treasure trove of tips and tricks. Learn about the critical role of passive income streams...
2024-01-1514 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice70 \\ Passive Loss Tax Strategies: Smart CPA Advice for Real Estate InvestorsIn this insightful episode of our podcast, Tiffany, a seasoned financial expert, delves into the world of real estate investment, offering invaluable advice for investors grappling with passive losses and seeking tax deductions. Focusing on strategies that enable investors to capitalize on these losses, Tiffany shares her expertise in navigating the often-overlooked aspects of real estate taxation. Whether you're a new investor struggling to qualify as a real estate professional or a seasoned one looking to optimize your tax benefits, this episode is a treasure trove of tips and tricks. Learn about the critical role of passive income streams...
2024-01-1514 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice69 \\ Tax Planning Secrets: Smart Strategies to Reduce Business TaxesAre you paying more in taxes than you should? In this episode, Tiffany explains how small business owners can take control of their taxes through smart tax planning instead of last-minute panic. Learn the difference between simple compliance and proactive tax strategies that save real money. Tiffany covers how tax advisory services work, what deductions and tax savings you may be missing, why choosing the right business structure matters, and how quarterly planning prevents costly surprises. She also shares ways to optimize retirement plans, take advantage of tax laws, and protect your assets. If you’ve been searching for wa...
2024-01-1119 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice69 \\ Tax Planning Secrets: Smart Strategies to Reduce Business TaxesAre you paying more in taxes than you should? In this episode, Tiffany explains how small business owners can take control of their taxes through smart tax planning instead of last-minute panic. Learn the difference between simple compliance and proactive tax strategies that save real money. Tiffany covers how tax advisory services work, what deductions and tax savings you may be missing, why choosing the right business structure matters, and how quarterly planning prevents costly surprises. She also shares ways to optimize retirement plans, take advantage of tax laws, and protect your assets. If you’ve been searching for wa...
2024-01-1119 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice68 \\ 5 Financial Habits Every Small Business Needs to Start 2024 StrongWant to start 2024 with clarity and control over your business finances? In this episode, Tiffany shares five key steps every business owner should take to set up for success this year. You’ll learn why separating personal and business expenses matters, how to track income and expenses (even with a simple spreadsheet), the right way to handle receipts and invoices, and how to review your numbers every month so you can make smarter decisions. Tiffany also talks about avoiding common mistakes like commingling funds and ignoring your monthly close. These simple but powerful strategies will help you grow your sm...
2024-01-0815 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice68 \\ 5 Financial Habits Every Small Business Needs to Start 2024 StrongWant to start 2024 with clarity and control over your business finances? In this episode, Tiffany shares five key steps every business owner should take to set up for success this year. You’ll learn why separating personal and business expenses matters, how to track income and expenses (even with a simple spreadsheet), the right way to handle receipts and invoices, and how to review your numbers every month so you can make smarter decisions. Tiffany also talks about avoiding common mistakes like commingling funds and ignoring your monthly close. These simple but powerful strategies will help you grow your sm...
2024-01-0815 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice66 \\ How to Pay Yourself: Smart Strategies for Small Business FinanceIf you’ve been wondering how to pay yourself from your small business, this episode will clear it up. Tiffany breaks down exactly how to move money from your business to your personal account the right way. You’ll learn the key differences between an LLC, S Corporation, partnership, and C Corporation when it comes to paying yourself, plus why keeping business and personal finances separate matters. Tiffany also explains terms like owner’s draw, distributions, and reasonable compensation in plain English. Whether you’re new to small business finance or want better tax strategies, this episode gives you practica...
2024-01-0112 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice66 \\ How to Pay Yourself: Smart Strategies for Small Business FinanceIf you’ve been wondering how to pay yourself from your small business, this episode will clear it up. Tiffany breaks down exactly how to move money from your business to your personal account the right way. You’ll learn the key differences between an LLC, S Corporation, partnership, and C Corporation when it comes to paying yourself, plus why keeping business and personal finances separate matters. Tiffany also explains terms like owner’s draw, distributions, and reasonable compensation in plain English. Whether you’re new to small business finance or want better tax strategies, this episode gives you practica...
2024-01-0112 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice65 \\ Home Office Tax Deduction Myths: 5 Truths Every Small Business Owner NeedsIs the home office tax deduction a red flag for the IRS? In this episode, Tiffany tackles the top 5 myths about home office deductions that intimidate small business owners and freelancers. You’ll learn why using this deduction won’t automatically trigger an audit, why you don’t need a full-time business to qualify, and how even a small dedicated space can save you money. Tiffany explains the difference between rules and fear tactics, shows you how to keep your paperwork clean, and why this tax strategy can put thousands back in your pocket. If you’ve been avoiding this ded...
2023-12-2813 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice65 \\ Home Office Tax Deduction Myths: 5 Truths Every Small Business Owner NeedsIs the home office tax deduction a red flag for the IRS? In this episode, Tiffany tackles the top 5 myths about home office deductions that intimidate small business owners and freelancers. You’ll learn why using this deduction won’t automatically trigger an audit, why you don’t need a full-time business to qualify, and how even a small dedicated space can save you money. Tiffany explains the difference between rules and fear tactics, shows you how to keep your paperwork clean, and why this tax strategy can put thousands back in your pocket. If you’ve been avoiding this ded...
2023-12-2813 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice64 \\ 2024 Business Goals: How to Plan, Focus, and Actually Hit Your TargetsPlanning for 2024? In this episode, Tiffany breaks down exactly how to set realistic, impactful business goals that actually get done. Learn how to choose 1–3 clear goals, why fewer goals lead to more success, and how to break big targets like revenue growth and passive income into actionable steps. Tiffany shares her own 2024 plans, including a 56% revenue growth target and launching new passive income streams, and explains how she structures checkpoints, weekly tasks, and quarterly reviews to stay on track. Whether you want to increase small business revenue, improve your business strategy, or add new income streams, this episode will he...
2023-12-2521 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice64 \\ 2024 Business Goals: How to Plan, Focus, and Actually Hit Your TargetsPlanning for 2024? In this episode, Tiffany breaks down exactly how to set realistic, impactful business goals that actually get done. Learn how to choose 1–3 clear goals, why fewer goals lead to more success, and how to break big targets like revenue growth and passive income into actionable steps. Tiffany shares her own 2024 plans, including a 56% revenue growth target and launching new passive income streams, and explains how she structures checkpoints, weekly tasks, and quarterly reviews to stay on track. Whether you want to increase small business revenue, improve your business strategy, or add new income streams, this episode will he...
2023-12-2521 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice63 \\ How to Use Personal vs. Business Credit Safely for Cash Flow and Tax SavingsIn this episode, Tiffany answers a listener’s question about financing a new franchise: should you use personal credit or business credit for vehicles and operating expenses? She explains how to structure loans between yourself and your business, when to formalize a promissory note, how to reimburse yourself properly, and why building business credit early can save you headaches. Tiffany also warns about the tax pitfalls of using personal funds without documentation and offers practical ways to protect your credit score while keeping clean books. If you’re unsure how to manage cash flow without triggering tax issues, this epis...
2023-12-2112 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice63 \\ How to Use Personal vs. Business Credit Safely for Cash Flow and Tax SavingsIn this episode, Tiffany answers a listener’s question about financing a new franchise: should you use personal credit or business credit for vehicles and operating expenses? She explains how to structure loans between yourself and your business, when to formalize a promissory note, how to reimburse yourself properly, and why building business credit early can save you headaches. Tiffany also warns about the tax pitfalls of using personal funds without documentation and offers practical ways to protect your credit score while keeping clean books. If you’re unsure how to manage cash flow without triggering tax issues, this epis...
2023-12-2112 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice62 \\ 4 Money Mindset Blocks That Stop Small Business Owners from Reaching Goals (Part 2)Struggling to hit your goals? Your money mindset may be the problem. In this episode, Tiffany dives deep into the hidden beliefs and habits that hold entrepreneurs back from financial success. She shares how to spot limiting money beliefs you picked up in childhood, why gratitude changes everything, and how to release your attachment to money so you can create abundance. Tiffany also explains how your behavior with vendors and payments directly impacts how clients treat you. If you’ve ever caught yourself thinking “money is hard to make” or “we can’t afford that,” this conversation will show you how to s...
2023-12-1818 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice62 \\ 4 Money Mindset Blocks That Stop Small Business Owners from Reaching Goals (Part 2)Struggling to hit your goals? Your money mindset may be the problem. In this episode, Tiffany dives deep into the hidden beliefs and habits that hold entrepreneurs back from financial success. She shares how to spot limiting money beliefs you picked up in childhood, why gratitude changes everything, and how to release your attachment to money so you can create abundance. Tiffany also explains how your behavior with vendors and payments directly impacts how clients treat you. If you’ve ever caught yourself thinking “money is hard to make” or “we can’t afford that,” this conversation will show you how to s...
2023-12-1818 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice61 \\ 4 Money Mindset Blocks That Stop Small Business Owners from Reaching Goals (Part 1)Your thoughts about money may be limiting your business more than you realize. In this episode, Tiffany shares how she grew her CPA firm beyond seven figures by tackling money mindset issues head-on. She breaks down four critical shifts: getting comfortable with discomfort, using gratitude to change how you see money, recognizing and releasing limiting beliefs learned in childhood, and rewiring how you think about growth. Tiffany explains why money mindset directly affects revenue and growth, and why most small business owners never break through until they address these patterns. This is part one of a two-part series, so...
2023-12-1416 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice61 \\ 4 Money Mindset Blocks That Stop Small Business Owners from Reaching Goals (Part 1)Your thoughts about money may be limiting your business more than you realize. In this episode, Tiffany shares how she grew her CPA firm beyond seven figures by tackling money mindset issues head-on. She breaks down four critical shifts: getting comfortable with discomfort, using gratitude to change how you see money, recognizing and releasing limiting beliefs learned in childhood, and rewiring how you think about growth. Tiffany explains why money mindset directly affects revenue and growth, and why most small business owners never break through until they address these patterns. This is part one of a two-part series, so...
2023-12-1416 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice60 \\ 7 Last-Minute Tax Saving Tips Every Small Business Owner Should KnowRunning out of time to cut your 2023 tax bill? In this episode, Tiffany shares seven smart, last-minute tax savings strategies that small business owners can still use before year-end. Learn how to prepay expenses, slow down invoicing, pay vendors early, and when it makes sense to buy equipment. Tiffany also covers how to leverage credit cards for deductions, why you shouldn’t be afraid to take legitimate write-offs, how a Roth IRA conversion can reduce future taxes, and how to use the 0% tax bracket with gifts or stock. These simple yet powerful tax strategies can help you legally reduce wh...
2023-12-1122 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice60 \\ 7 Last-Minute Tax Saving Tips Every Small Business Owner Should KnowRunning out of time to cut your 2023 tax bill? In this episode, Tiffany shares seven smart, last-minute tax savings strategies that small business owners can still use before year-end. Learn how to prepay expenses, slow down invoicing, pay vendors early, and when it makes sense to buy equipment. Tiffany also covers how to leverage credit cards for deductions, why you shouldn’t be afraid to take legitimate write-offs, how a Roth IRA conversion can reduce future taxes, and how to use the 0% tax bracket with gifts or stock. These simple yet powerful tax strategies can help you legally reduce wh...
2023-12-1122 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice55 \\ Capital Gains, K-1s & Tax Planning Tips for Small Business OwnersIn this episode, Tiffany answers listener questions about small business finance, health insurance, K-1s, and capital gains tax. Learn how pass-through entities like S-corps and partnerships work, why K-1 forms are critical for your tax return, and how to handle health insurance correctly on your W-2. Tiffany also breaks down capital gains tax, depreciation, and appreciation in plain English so you can understand how these factors affect your personal and business taxes. If you’re a small business owner looking for tax savings and smart strategies before year-end, this episode is packed with clear, practical cpa tax advice to...
2023-11-1315 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice55 \\ Capital Gains, K-1s & Tax Planning Tips for Small Business OwnersIn this episode, Tiffany answers listener questions about small business finance, health insurance, K-1s, and capital gains tax. Learn how pass-through entities like S-corps and partnerships work, why K-1 forms are critical for your tax return, and how to handle health insurance correctly on your W-2. Tiffany also breaks down capital gains tax, depreciation, and appreciation in plain English so you can understand how these factors affect your personal and business taxes. If you’re a small business owner looking for tax savings and smart strategies before year-end, this episode is packed with clear, practical cpa tax advice to...
2023-11-1315 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice54 \\ 5 Tax Savings Strategies Every Small Business Owner Should UseIn this popular episode of the Small Business Finance podcast, Tiffany walks through five essential tax savings strategies every small business owner and entrepreneur should know. You’ll learn how to take advantage of business use of home deductions, the benefits of paying your kids legitimately through your business, and how to handle self-employed health insurance. Tiffany also explains how to make the most of startup and organizational costs and what counts as ordinary and necessary deductions so you can lower your business tax bill. If you’re ready to gain confidence in your small business finance and stop over...
2023-11-0919 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice53 \\ 9 Smart Tax Tips to Reduce Stress and Prepare for 2024In this episode, Tiffany breaks down nine practical steps small business owners can take before year-end to reduce tax season stress. Learn why e-filing your return matters, how filing early helps, and what to do now with charitable donations, retirement contributions, and deductible business purchases. Tiffany also explains the importance of tracking estimated taxes, using IRS resources, deciding whether to hire a CPA, and organizing your finances ahead of April. These strategies will help you avoid surprises, cut down on penalties, and take control of your small business finance before tax season hits. If you want to go into 2024...
2023-11-0615 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice52 \\ Augusta Loophole Explained: Home Office Rentals, IRS Rules & Red FlagsIn this episode of the Small Business Finance podcast, Tiffany answers a listener’s question about whether having two rental agreements—one for a commercial kitchen and one for a home office—could trigger IRS red flags. She explains the Augusta loophole, how it differs from the standard home office deduction, and when it’s legitimate to rent your home to your business for planning meetings, training, or shareholder meetings. Tiffany shares practical guidance on documenting rental agreements, separating personal and business expenses, and how to stay compliant while reducing taxes. If you’re a small business owner navigating rental agr...
2023-11-0214 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice50 \\ What to Know Before Buying a Business: Key Tips and Red FlagsThinking about buying or investing in a business? In this episode, Tiffany walks through what most people overlook when evaluating a business purchase. Learn how to assess whether a business is a smart investment, why “cash to seller” matters, how employee count affects whether it’s hands-off or hands-on, and why aligning the business with your skills or existing operations is crucial. Tiffany explains due diligence, financing considerations, and common traps that first-time buyers fall into—so you can avoid buying yourself a job instead of an asset. If you want to grow through acquisition or build passive income, this epi...
2023-10-2615 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice49 \\ Stop Overpaying Vendors: 5 Fixes to Protect 10% of Your ProfitsAre you losing thousands of dollars each year without even knowing it? In this episode, Tiffany explains why small businesses often overpay vendors by up to 10% and what you can do to stop it. Learn the five main causes of overpayments—from poor reconciliation and duplicate vendor names to data entry mistakes and missing credits—and how to set up systems that catch errors before they cost you. Tiffany also breaks down how to handle vendor statements, watch for fraud, and implement controls as your business grows. If you want to keep more of your profits and stop leaking cash...
2023-10-2317 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice48 \\ Opportunity Zones: The Hidden Strategy to Eliminate Capital Gains TaxSelling a business, property, or other investment and worried about a massive capital gains tax bill? In this episode, Tiffany explains how Opportunity Zones work and why this little-known strategy can defer, reduce, or even eliminate your capital gains tax entirely. You’ll learn what an Opportunity Zone is, where to find them, and the strict rules you must follow to qualify for these tax breaks. Tiffany breaks down step-ups in basis, the 5-, 7-, and 10-year benefits, and how reinvesting gains into these areas can turn a tax burden into a long-term wealth-building move. If you’re facing a bi...
2023-10-2016 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice47 \\ How to Use the Augusta Loophole Correctly to Cut Your TaxesThis episode dives into one of Tiffany’s favorite tax strategies—the Augusta Loophole—and why so many business owners get it wrong. You’ll learn how renting your home to your business for meetings, planning sessions, or training can create a powerful tax deduction, and the exact steps you must follow to keep it audit-proof. Tiffany covers the five biggest mistakes owners make: skipping a rental agreement, failing to document meetings, using low comps, not issuing a 1099, and not moving the money. Done right, this simple tax strategy can reduce your business tax bill while keeping you compliant with IRS...
2023-10-1617 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice46 \\ The #1 Tax Mistake Small Business Owners Make (and How to Fix It Before Year-End)If you’re a small business owner who only looks at your numbers at tax time, you’re probably overpaying the IRS. In this episode, Tiffany explains why ignoring your finances is a costly mistake and shows you how to fix it before year-end. Learn why keeping clean financial records matters, why a separate business bank account is non-negotiable, and how to track your revenue and expenses monthly—even with a simple spreadsheet. Tiffany breaks down when to use Excel vs QuickBooks, how to catch missing transactions, and why reviewing your numbers regularly will save you money, reduce stress, and he...
2023-10-1215 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice42 \\ Should You File Your Taxes Early or Wait? Pros, Cons, and the Audit Risk No One Talks AboutWhen it comes to taxes, timing matters more than most business owners realize. In this episode, Tiffany breaks down whether you should file your taxes early, right on time, or hold out until the final deadline. You’ll learn the real advantages of early filing (like faster refunds and less stress), why some taxpayers wait, and how your filing date can even affect your chances of getting audited. Tiffany also shares insider insights from a former IRS tax attorney about why filing later in the season might work in your favor. If you’ve ever wondered whether to be firs...
2023-09-2814 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice22 \\ Business Growth Intensive: CPA Advice, Tax Strategies & Scaling SuccessJoin Tiffany Phillips, CPA and host of the Small Business Finance podcast, and Brian Webb as they share insights from their two-day Business Growth Intensive in Houston. This episode dives into business strategy, tax strategies, and financial mindset shifts that help entrepreneurs scale without burnout. You’ll hear how hot-seat problem solving, wealth planning, and networking with successful leaders can transform your business. Learn how to create systems that free you from daily operations, maximize income, and grow your company with smart strategies. Whether you’re a CEO, investor, or ambitious entrepreneur, this discussion offers actionable tips on business tax...
2023-05-2926 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice22 \\ Business Growth Intensive: CPA Advice, Tax Strategies & Scaling SuccessJoin Tiffany Phillips, CPA and host of the Small Business Finance podcast, and Brian Webb as they share insights from their two-day Business Growth Intensive in Houston. This episode dives into business strategy, tax strategies, and financial mindset shifts that help entrepreneurs scale without burnout. You’ll hear how hot-seat problem solving, wealth planning, and networking with successful leaders can transform your business. Learn how to create systems that free you from daily operations, maximize income, and grow your company with smart strategies. Whether you’re a CEO, investor, or ambitious entrepreneur, this discussion offers actionable tips on business tax...
2023-05-2926 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice07 \\ Small Business Finance Q&A: Sales Tax, Health Insurance & Operating AgreementsIn this episode of the Small Business Finance podcast, Tiffany answers listener questions on some of the most confusing parts of running a business. She explains how sales tax reporting really works when you haven’t made any sales, why states send out unexpected bills, and what to do to avoid penalties. Tiffany also breaks down the differences between health insurance and health sharing programs, how these affect your taxes as a partnership or S-corp, and how to correctly handle deductions. Finally, she covers why every business owner needs an operating agreement and the right type of bank account to...
2022-10-2622 min