Shows
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 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 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 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 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 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 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 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 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 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 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 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 Advice169 \\ How to Spot If Your CPA Is Hurting You (Not Helping) in 2025: Part 2In Part 2 of this series, we continue the deep dive into how to tell if your CPA is really on your side—or silently playing for Team IRS. Building on Episode 168, this episode gives you three more powerful questions to ask when you’re hiring a CPA or assessing your current one. You’ll learn why mindset matters, how to tell if they think strategically about tax planning, why a clear, written tax strategy (not just vague advice) is a must, and why it’s critical that your CPA collaborates with other professionals like lawyers and financial advisors to minimize...
2024-12-3022 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice169 \\ How to Spot If Your CPA Is Hurting You (Not Helping) in 2025: Part 2In Part 2 of this series, we continue the deep dive into how to tell if your CPA is really on your side—or silently playing for Team IRS. Building on Episode 168, this episode gives you three more powerful questions to ask when you’re hiring a CPA or assessing your current one. You’ll learn why mindset matters, how to tell if they think strategically about tax planning, why a clear, written tax strategy (not just vague advice) is a must, and why it’s critical that your CPA collaborates with other professionals like lawyers and financial advisors to minimize...
2024-12-3022 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice168 \\ How to Spot If Your CPA Is Hurting You (Not Helping) in 2025: Part 1Most business owners believe payroll is their biggest expense, but the truth is it’s taxes—and the wrong CPA can cost you far more than you realize. In this episode, you’ll learn why your CPA might be unknowingly working against you and how to tell if they’re truly helping you reduce your tax bill. I break down three crucial questions to ask your tax professional to find out if they’re on Team IRS or Team Taxpayer. You’ll hear why quarterly meetings matter, why knowing exactly how much they save clients each year is key, and why they...
2024-12-2618 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice168 \\ How to Spot If Your CPA Is Hurting You (Not Helping) in 2025: Part 1Most business owners believe payroll is their biggest expense, but the truth is it’s taxes—and the wrong CPA can cost you far more than you realize. In this episode, you’ll learn why your CPA might be unknowingly working against you and how to tell if they’re truly helping you reduce your tax bill. I break down three crucial questions to ask your tax professional to find out if they’re on Team IRS or Team Taxpayer. You’ll hear why quarterly meetings matter, why knowing exactly how much they save clients each year is key, and why they...
2024-12-2618 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice164 \\ Backdoor Roth IRA Strategy: CPA Advice for High Earners on Tax SavingsIn this episode, learn how high-income earners can still build tax-free wealth using the backdoor Roth IRA strategy. We break down who qualifies for a Roth IRA, current income limits, and why most business owners are locked out of direct contributions. You’ll discover how to use a traditional IRA to legally move money into a Roth IRA, why timing matters, and how to plan with a CPA and financial advisor to protect future income. With income tax rates likely to rise, this tax strategy gives you a way to create tax-free income in retirement. If you want smart st...
2024-12-1214 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice164 \\ Backdoor Roth IRA Strategy: CPA Advice for High Earners on Tax SavingsIn this episode, learn how high-income earners can still build tax-free wealth using the backdoor Roth IRA strategy. We break down who qualifies for a Roth IRA, current income limits, and why most business owners are locked out of direct contributions. You’ll discover how to use a traditional IRA to legally move money into a Roth IRA, why timing matters, and how to plan with a CPA and financial advisor to protect future income. With income tax rates likely to rise, this tax strategy gives you a way to create tax-free income in retirement. If you want smart st...
2024-12-1214 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice163 \\ Beneficial Ownership Report Update: CPA Advice on BOI Deadlines and ComplianceThis episode breaks down the latest updates on the Beneficial Ownership Information (BOI) reporting requirements and how a recent federal court injunction affects U.S. business owners. Learn what the Corporate Transparency Act (CTA) is, who must file, and what the penalties look like. We explain why the Texas court halted enforcement, what this temporary suspension means for you, and how to decide whether to file or wait. With a January 2025 deadline looming and potential changes from the Department of Justice and Congress, you’ll get clear, practical cpa advice on compliance, risk management, and protecting your business from pe...
2024-12-0914 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice163 \\ Beneficial Ownership Report Update: CPA Advice on BOI Deadlines and ComplianceThis episode breaks down the latest updates on the Beneficial Ownership Information (BOI) reporting requirements and how a recent federal court injunction affects U.S. business owners. Learn what the Corporate Transparency Act (CTA) is, who must file, and what the penalties look like. We explain why the Texas court halted enforcement, what this temporary suspension means for you, and how to decide whether to file or wait. With a January 2025 deadline looming and potential changes from the Department of Justice and Congress, you’ll get clear, practical cpa advice on compliance, risk management, and protecting your business from pe...
2024-12-0914 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice161 \\ IRS Rules for Bigger Business Deductions: 3 CPA-Approved Steps to Cut TaxesIn this episode, learn how to turn everyday business expenses into bigger deductions with three IRS-approved rules. Many small business owners miss out on deductions because they don’t know how to structure expenses correctly. We break it down: how to make sure an expense has a clear business purpose, what counts as “ordinary” in your industry, and how to prove an expense is necessary for generating income. You’ll hear examples of meals, travel, home use, and even family involvement that can become legitimate business write-offs with proper documentation. These simple tax planning strategies can help you reduce taxable...
2024-12-0220 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice161 \\ IRS Rules for Bigger Business Deductions: 3 CPA-Approved Steps to Cut TaxesIn this episode, learn how to turn everyday business expenses into bigger deductions with three IRS-approved rules. Many small business owners miss out on deductions because they don’t know how to structure expenses correctly. We break it down: how to make sure an expense has a clear business purpose, what counts as “ordinary” in your industry, and how to prove an expense is necessary for generating income. You’ll hear examples of meals, travel, home use, and even family involvement that can become legitimate business write-offs with proper documentation. These simple tax planning strategies can help you reduce taxable...
2024-12-0220 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice158 \\ How Business Owners Save 30%+ on Taxes with Proactive CPA StrategiesMost business owners overpay taxes by 20–30% simply because they’ve never worked with a CPA who actively plans and implements strategies all year long. In this episode, you’ll hear how proactive tax planning works, how to know if you’re ready for it, and why a traditional once-a-year tax prep mindset is costing you thousands. We explain what a true advisory engagement looks like, how small changes to documentation and structure can create big deductions, and why partnering with a tax advisor who understands your business can transform your cash flow. If you’ve been paying high taxes without a...
2024-11-2116 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice158 \\ How Business Owners Save 30%+ on Taxes with Proactive CPA StrategiesMost business owners overpay taxes by 20–30% simply because they’ve never worked with a CPA who actively plans and implements strategies all year long. In this episode, you’ll hear how proactive tax planning works, how to know if you’re ready for it, and why a traditional once-a-year tax prep mindset is costing you thousands. We explain what a true advisory engagement looks like, how small changes to documentation and structure can create big deductions, and why partnering with a tax advisor who understands your business can transform your cash flow. If you’ve been paying high taxes without a...
2024-11-2116 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice150 \\ Multi-State Business Tax Traps: CPA Advice to Cut Taxes and Save ThousandsIf your small business earns income across multiple states, you may be paying more tax than you should. In this episode, learn how different state tax rules work, why income earned in other states can create hidden tax bills, and how to fix it. Discover the five key things every business owner must know about residency, non-resident state returns, income allocation, and reciprocity agreements. You’ll hear a real client case study showing how a few smart strategies saved thousands by properly allocating income and fixing payroll taxes. Whether you want better tax planning, tax savings, or guidance from a...
2024-10-2421 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice150 \\ Multi-State Business Tax Traps: CPA Advice to Cut Taxes and Save ThousandsIf your small business earns income across multiple states, you may be paying more tax than you should. In this episode, learn how different state tax rules work, why income earned in other states can create hidden tax bills, and how to fix it. Discover the five key things every business owner must know about residency, non-resident state returns, income allocation, and reciprocity agreements. You’ll hear a real client case study showing how a few smart strategies saved thousands by properly allocating income and fixing payroll taxes. Whether you want better tax planning, tax savings, or guidance from a...
2024-10-2421 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice147 \\ How a CPA Couple Saved $67,581 in Taxes: Real Case Study and Tax Planning TipsIn this episode, Tiffany reveals the exact strategies she used to save a client couple $67,581 in taxes. You’ll hear how a financial advisor and a CPA—both professionals—still missed major opportunities for tax planning until they partnered with an expert. This deep dive walks you through how S-corporation elections, the Augusta strategy, accountable plans, oil and gas investments, home office deductions, and a QSEHRA (health reimbursement arrangement) completely changed their tax bill. These actionable insights will help you see how a comprehensive tax plan can legally reduce your taxes, even if you think you’re already doing everythi...
2024-10-1418 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice147 \\ How a CPA Couple Saved $67,581 in Taxes: Real Case Study and Tax Planning TipsIn this episode, Tiffany reveals the exact strategies she used to save a client couple $67,581 in taxes. You’ll hear how a financial advisor and a CPA—both professionals—still missed major opportunities for tax planning until they partnered with an expert. This deep dive walks you through how S-corporation elections, the Augusta strategy, accountable plans, oil and gas investments, home office deductions, and a QSEHRA (health reimbursement arrangement) completely changed their tax bill. These actionable insights will help you see how a comprehensive tax plan can legally reduce your taxes, even if you think you’re already doing everythi...
2024-10-1418 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice145 \\ Avoid IRS Trouble: CPA Advice on Excess Distributions & Shareholder Loans for S Corp OwnersIf you own an S corporation, pulling too much money out of your business can create costly tax problems. In this episode, learn why excess distributions can trigger a shareholder loan, capital gains taxes, and IRS audits—and how to avoid them. You’ll discover clear steps to document loans with a promissory note, set up proper interest payments, and keep your business tax-compliant. Perfect for small business owners who want smart strategies to protect their business finances, reduce risk, and stay on the IRS’s good side. This episode breaks down complex CPA tax advice into plain English so you...
2024-10-0715 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice145 \\ Avoid IRS Trouble: CPA Advice on Excess Distributions & Shareholder Loans for S Corp OwnersIf you own an S corporation, pulling too much money out of your business can create costly tax problems. In this episode, learn why excess distributions can trigger a shareholder loan, capital gains taxes, and IRS audits—and how to avoid them. You’ll discover clear steps to document loans with a promissory note, set up proper interest payments, and keep your business tax-compliant. Perfect for small business owners who want smart strategies to protect their business finances, reduce risk, and stay on the IRS’s good side. This episode breaks down complex CPA tax advice into plain English so you...
2024-10-0715 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice144 \\ Business Cybersecurity Tips: CPA Advice to Protect Financial Data and Prevent HacksFinancial data breaches can destroy a business. In this episode, learn practical CPA advice on how to safeguard your financial information from hackers and avoid costly mistakes. We cover why two-factor authentication is non-negotiable, how password managers like 1Password can protect your accounts, why updating your software matters, and how to avoid weak security questions that hackers can guess. You’ll also learn how to manage employee access to sensitive data, back up systems to prevent catastrophic losses, and create smart strategies to protect your business finance. If you’re a small business owner, these tips will help you stay...
2024-10-0316 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice144 \\ Business Cybersecurity Tips: CPA Advice to Protect Financial Data and Prevent HacksFinancial data breaches can destroy a business. In this episode, learn practical CPA advice on how to safeguard your financial information from hackers and avoid costly mistakes. We cover why two-factor authentication is non-negotiable, how password managers like 1Password can protect your accounts, why updating your software matters, and how to avoid weak security questions that hackers can guess. You’ll also learn how to manage employee access to sensitive data, back up systems to prevent catastrophic losses, and create smart strategies to protect your business finance. If you’re a small business owner, these tips will help you stay...
2024-10-0316 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice133 \\ Lease vs Buy: CPA Advice on Business Equipment, Vehicles & Tax SavingsIn this episode, we tackle a key small business finance question: should you lease or buy business equipment and vehicles? Using real-world examples, we break down the pros and cons of both options so you can make smart money decisions. Learn how leasing affects cash flow, tax deductions, and staying current with technology. Understand how buying impacts tax savings, asset ownership, and long-term costs. If you’ve ever wondered about the best way to handle a vehicle or equipment purchase for your business, this episode will give you clear CPA advice on what to consider before making a move. Pe...
2024-08-2612 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice133 \\ Lease vs Buy: CPA Advice on Business Equipment, Vehicles & Tax SavingsIn this episode, we tackle a key small business finance question: should you lease or buy business equipment and vehicles? Using real-world examples, we break down the pros and cons of both options so you can make smart money decisions. Learn how leasing affects cash flow, tax deductions, and staying current with technology. Understand how buying impacts tax savings, asset ownership, and long-term costs. If you’ve ever wondered about the best way to handle a vehicle or equipment purchase for your business, this episode will give you clear CPA advice on what to consider before making a move. Pe...
2024-08-2612 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice132 \\ Depreciation Secrets: CPA Tax Advice for Asset Purchases & Business Tax SavingsIn this episode, we break down how to use depreciation to your advantage when buying business assets. Learn the difference between Section 179, bonus depreciation, and standard depreciation, and how each impacts your business tax and cash flow. Discover why timing matters, when it’s smarter to spread deductions, and how to avoid wasting tax benefits. We also cover common mistakes business owners make when acquiring equipment, vehicles, and property, and how to plan for tax savings in future high-income years. This is essential listening for small business owners who want clear CPA advice to make smarter money decisions and ma...
2024-08-2216 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice132 \\ Depreciation Secrets: CPA Tax Advice for Asset Purchases & Business Tax SavingsIn this episode, we break down how to use depreciation to your advantage when buying business assets. Learn the difference between Section 179, bonus depreciation, and standard depreciation, and how each impacts your business tax and cash flow. Discover why timing matters, when it’s smarter to spread deductions, and how to avoid wasting tax benefits. We also cover common mistakes business owners make when acquiring equipment, vehicles, and property, and how to plan for tax savings in future high-income years. This is essential listening for small business owners who want clear CPA advice to make smarter money decisions and ma...
2024-08-2216 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice131 \\ Stop Overpaying Taxes: CPA Advice to Save Thousands in Small Business TaxAre you one of the millions of small business owners sending extra money to the IRS every year? In this episode, we uncover the most common tax mistakes that cause small businesses to overpay thousands. Learn why your business structure matters, how S Corp wages and the qualified business income deduction can save you money, and what strategies—like retirement contributions, home office deductions, and health insurance—are often overlooked. Using real client stories, we show how a simple tax planning review can help small business owners recover $10,000 or more annually. This is a must-listen for anyone ready to fix...
2024-08-1919 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice131 \\ Stop Overpaying Taxes: CPA Advice to Save Thousands in Small Business TaxAre you one of the millions of small business owners sending extra money to the IRS every year? In this episode, we uncover the most common tax mistakes that cause small businesses to overpay thousands. Learn why your business structure matters, how S Corp wages and the qualified business income deduction can save you money, and what strategies—like retirement contributions, home office deductions, and health insurance—are often overlooked. Using real client stories, we show how a simple tax planning review can help small business owners recover $10,000 or more annually. This is a must-listen for anyone ready to fix...
2024-08-1919 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice129 \\ 7 CPA Strategies to Cut Capital Gains Taxes on Business Sales & InvestmentsSelling a business, real estate, or investments can trigger huge capital gains taxes—but smart planning can help you keep more of your money. In this episode, we break down seven strategies that can reduce your tax bill, including tax-loss harvesting, retirement contributions, gifting appreciated assets, opportunity zones, 1031 exchanges, donor advised funds, and income smoothing through installment sales. These are proven methods that require planning ahead, so don’t wait until after the sale. If you expect a big capital gain this year, this episode will help you prepare and use tax strategies that protect your profits.
2024-08-1218 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice129 \\ 7 CPA Strategies to Cut Capital Gains Taxes on Business Sales & InvestmentsSelling a business, real estate, or investments can trigger huge capital gains taxes—but smart planning can help you keep more of your money. In this episode, we break down seven strategies that can reduce your tax bill, including tax-loss harvesting, retirement contributions, gifting appreciated assets, opportunity zones, 1031 exchanges, donor advised funds, and income smoothing through installment sales. These are proven methods that require planning ahead, so don’t wait until after the sale. If you expect a big capital gain this year, this episode will help you prepare and use tax strategies that protect your profits.
2024-08-1218 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice128 \\ 3 Signs Your CPA Is Costing You Thousands in Small Business TaxesIn this episode, we cover three clear red flags that show your CPA is not helping you reduce taxes—and why that could be costing you 20–40% more than necessary. If your CPA dismisses new tax strategies, only talks to you once a year, or just tells you to “be happy” about paying more taxes, you’re likely overpaying. Learn why proactive tax planning and strategic conversations throughout the year are critical to keeping more of your hard-earned money. If you’ve ever wondered whether your CPA is truly saving you money or just filing returns, this episode gives you the clarity...
2024-08-0814 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice128 \\ 3 Signs Your CPA Is Costing You Thousands in Small Business TaxesIn this episode, we cover three clear red flags that show your CPA is not helping you reduce taxes—and why that could be costing you 20–40% more than necessary. If your CPA dismisses new tax strategies, only talks to you once a year, or just tells you to “be happy” about paying more taxes, you’re likely overpaying. Learn why proactive tax planning and strategic conversations throughout the year are critical to keeping more of your hard-earned money. If you’ve ever wondered whether your CPA is truly saving you money or just filing returns, this episode gives you the clarity...
2024-08-0814 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice123 \\ Accounting Shake-Up: How CPA Retirements and AI Are Changing Your Business FutureThis episode exposes a massive shift happening in accounting and how it affects your small business. Discover why thousands of CPAs are retiring, why fewer students are entering accounting, and how this talent shortage could leave business owners scrambling. We also explore how AI and technology are changing business tax and planning, why your CPA might close their doors without warning, and what you should look for to protect yourself. Learn how the right CPA can help you with tax reduction, smart strategies, and business strategy while building a long-term relationship that actually supports growth. If you own a...
2024-07-2227 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice123 \\ Accounting Shake-Up: How CPA Retirements and AI Are Changing Your Business FutureThis episode exposes a massive shift happening in accounting and how it affects your small business. Discover why thousands of CPAs are retiring, why fewer students are entering accounting, and how this talent shortage could leave business owners scrambling. We also explore how AI and technology are changing business tax and planning, why your CPA might close their doors without warning, and what you should look for to protect yourself. Learn how the right CPA can help you with tax reduction, smart strategies, and business strategy while building a long-term relationship that actually supports growth. If you own a...
2024-07-2227 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice122 \\ 3 CPA Red Flags That Could Be Hurting Your BusinessIn this episode, you’ll learn the three most toxic traits that many CPAs and accountants display—and how these warning signs could be costing your business time, money, and peace of mind. From CPAs who gaslight their clients and ignore important questions, to poor communication habits and even dishonest practices, we break down what to watch for when choosing a financial partner. You’ll also hear real-world stories of how bad CPA behavior can sabotage business growth and why finding the right accountant matters for tax planning, smart strategies, and long-term business success. Whether you’re buying a business...
2024-07-1824 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice122 \\ 3 CPA Red Flags That Could Be Hurting Your BusinessIn this episode, you’ll learn the three most toxic traits that many CPAs and accountants display—and how these warning signs could be costing your business time, money, and peace of mind. From CPAs who gaslight their clients and ignore important questions, to poor communication habits and even dishonest practices, we break down what to watch for when choosing a financial partner. You’ll also hear real-world stories of how bad CPA behavior can sabotage business growth and why finding the right accountant matters for tax planning, smart strategies, and long-term business success. Whether you’re buying a business...
2024-07-1824 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice109 \\ Missed Estimated Taxes? CPA Advice on Avoiding IRS PenaltiesIn this episode, learn exactly what happens if you miss an estimated tax payment and how to fix it fast. Forgetting these payments can cost you in penalties and interest, but there are smart strategies to get back on track. We cover when estimated taxes are required, what to do if you’ve missed a deadline, and how to plan ahead so you’re not caught off guard. You’ll also hear tips for cash flow management, tax planning for small business owners, and how to use a CPA to stay ahead. If you’re serious about managing your business...
2024-06-0311 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice109 \\ Missed Estimated Taxes? CPA Advice on Avoiding IRS PenaltiesIn this episode, learn exactly what happens if you miss an estimated tax payment and how to fix it fast. Forgetting these payments can cost you in penalties and interest, but there are smart strategies to get back on track. We cover when estimated taxes are required, what to do if you’ve missed a deadline, and how to plan ahead so you’re not caught off guard. You’ll also hear tips for cash flow management, tax planning for small business owners, and how to use a CPA to stay ahead. If you’re serious about managing your business...
2024-06-0311 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice108 \\ CPA Tax Advice: Avoid Mistakes That Cost Small Business Owners ThousandsIn this episode, you’ll hear real case studies where CPA mistakes cost business owners tens of thousands of dollars—and how to avoid the same trap. Learn why unclaimed deductions, missed strategies, and poor planning lead to lost tax savings, and how regular conversations with a CPA can help you protect your money. From real estate professionals to medical business owners, these examples show the importance of tax planning and smart strategies. You’ll also get actionable tips for reviewing your tax returns, using equity properly in your business, and knowing when it’s time to switch CPAs. If you’r...
2024-05-3015 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice108 \\ CPA Tax Advice: Avoid Mistakes That Cost Small Business Owners ThousandsIn this episode, you’ll hear real case studies where CPA mistakes cost business owners tens of thousands of dollars—and how to avoid the same trap. Learn why unclaimed deductions, missed strategies, and poor planning lead to lost tax savings, and how regular conversations with a CPA can help you protect your money. From real estate professionals to medical business owners, these examples show the importance of tax planning and smart strategies. You’ll also get actionable tips for reviewing your tax returns, using equity properly in your business, and knowing when it’s time to switch CPAs. If you’r...
2024-05-3015 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice106 \\ When to Start Tax Planning: CPA Advice to Maximize Business Tax SavingsNot sure if you’re ready to start tax planning? This episode breaks down how to know when it’s time to move beyond tax preparation and into tax reduction strategies. Learn the difference between tax compliance and proactive planning, why clean financial records are essential, and what income levels make tax strategies worthwhile. You’ll hear clear guidance on how business owners can legally reduce taxes, keep more money in their pockets, and avoid overpaying year after year. If you’re ready to protect your profits and build a stronger business tax plan, this episode shows you exactly where to...
2024-05-2314 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice106 \\ When to Start Tax Planning: CPA Advice to Maximize Business Tax SavingsNot sure if you’re ready to start tax planning? This episode breaks down how to know when it’s time to move beyond tax preparation and into tax reduction strategies. Learn the difference between tax compliance and proactive planning, why clean financial records are essential, and what income levels make tax strategies worthwhile. You’ll hear clear guidance on how business owners can legally reduce taxes, keep more money in their pockets, and avoid overpaying year after year. If you’re ready to protect your profits and build a stronger business tax plan, this episode shows you exactly where to...
2024-05-2314 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice104 \\ 1099 Income and S Corps: Avoid IRS Trouble with These CPA StrategiesAre you getting 1099 income in your personal name even though you have an S corporation? This common mistake can trigger IRS audits, self-employment tax, and penalties. In this episode, you’ll learn how to handle 1099 payments the right way, when to push vendors to pay your business directly, and what to do if that’s not an option. We cover the Fleischer case, why an employment agreement between you and your S corp matters, and how to document everything to stay in compliance. Whether you’re a real estate professional, financial advisor, influencer, or small business owner, this episode shows...
2024-05-1610 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice104 \\ 1099 Income and S Corps: Avoid IRS Trouble with These CPA StrategiesAre you getting 1099 income in your personal name even though you have an S corporation? This common mistake can trigger IRS audits, self-employment tax, and penalties. In this episode, you’ll learn how to handle 1099 payments the right way, when to push vendors to pay your business directly, and what to do if that’s not an option. We cover the Fleischer case, why an employment agreement between you and your S corp matters, and how to document everything to stay in compliance. Whether you’re a real estate professional, financial advisor, influencer, or small business owner, this episode shows...
2024-05-1610 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice99 \\ Buying a Small Business: CPA Advice, Pitfalls & Smart Strategies for AcquisitionThinking about buying a small business? In this episode, we walk through a real client’s journey of acquiring a business—from the first conversation with a seller to due diligence and final decisions. You’ll learn how to review financial records, spot red flags, and avoid costly mistakes that can derail a purchase. Discover why CPA advice is critical when checking revenue, expenses, and tax planning before signing an LOI. We cover how small business finance impacts the value of a deal, common issues like unreconciled QuickBooks records, and the importance of smart strategies to protect yourself. Whether you wa...
2024-04-2913 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice99 \\ Buying a Small Business: CPA Advice, Pitfalls & Smart Strategies for AcquisitionThinking about buying a small business? In this episode, we walk through a real client’s journey of acquiring a business—from the first conversation with a seller to due diligence and final decisions. You’ll learn how to review financial records, spot red flags, and avoid costly mistakes that can derail a purchase. Discover why CPA advice is critical when checking revenue, expenses, and tax planning before signing an LOI. We cover how small business finance impacts the value of a deal, common issues like unreconciled QuickBooks records, and the importance of smart strategies to protect yourself. Whether you wa...
2024-04-2913 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice98 \\ Real Estate Tax Benefits: CPA Advice on Passive Losses and Smart StrategiesThinking about using real estate investing to lower your taxes? In this episode, we break down what high-income earners need to know about real estate tax benefits, real estate professional status, and how passive losses really work. You’ll learn why most W-2 earners can’t use real estate losses, how depreciation and cost segregation affect small business tax planning, and ways to structure investments so those deductions actually count. We also cover strategies like investing in businesses, creating active income, and how a spouse’s involvement in real estate can open the door to bigger tax savings. If you’re...
2024-04-2510 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice98 \\ Real Estate Tax Benefits: CPA Advice on Passive Losses and Smart StrategiesThinking about using real estate investing to lower your taxes? In this episode, we break down what high-income earners need to know about real estate tax benefits, real estate professional status, and how passive losses really work. You’ll learn why most W-2 earners can’t use real estate losses, how depreciation and cost segregation affect small business tax planning, and ways to structure investments so those deductions actually count. We also cover strategies like investing in businesses, creating active income, and how a spouse’s involvement in real estate can open the door to bigger tax savings. If you’re...
2024-04-2510 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice97 \\ W-9 Mistakes Every Business Owner Must Avoid: CPA Advice for ContractorsDo you really know how to handle W-9s for your contractors? In this episode, we break down exactly what business owners need to know to avoid penalties and IRS headaches. You’ll learn when to collect W-9s, why timing matters, and how incorrect forms can affect 1099 reporting and your tax deductions. We cover the IRS’s new 2024 W-9 updates, how to verify contractor tax classifications, and why keeping these forms on file protects your business. If you’ve ever wondered what your responsibility is when a contractor leaves information blank, or what “backup withholding” means, this episode clears it...
2024-04-2219 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice97 \\ W-9 Mistakes Every Business Owner Must Avoid: CPA Advice for ContractorsDo you really know how to handle W-9s for your contractors? In this episode, we break down exactly what business owners need to know to avoid penalties and IRS headaches. You’ll learn when to collect W-9s, why timing matters, and how incorrect forms can affect 1099 reporting and your tax deductions. We cover the IRS’s new 2024 W-9 updates, how to verify contractor tax classifications, and why keeping these forms on file protects your business. If you’ve ever wondered what your responsibility is when a contractor leaves information blank, or what “backup withholding” means, this episode clears it...
2024-04-2219 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice95 \\ Stop Focusing on Savings: CPA Advice on Revenue, Cashflow & Net Worth GrowthAre you obsessing over savings goals in your business? This episode challenges that mindset. Instead of penny-pinching, learn why focusing on revenue growth, managing cashflow, and tracking your net worth will take you further, faster. I share how childhood money beliefs create a scarcity mindset, why cutting costs isn’t a growth strategy, and how shifting focus to income generation changes everything. You’ll hear three specific strategies to grow your business without being controlled by savings goals, plus why tracking net worth is a key business metric. If you’re ready to think differently about money and get CPA ad...
2024-04-1517 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice95 \\ Stop Focusing on Savings: CPA Advice on Revenue, Cashflow & Net Worth GrowthAre you obsessing over savings goals in your business? This episode challenges that mindset. Instead of penny-pinching, learn why focusing on revenue growth, managing cashflow, and tracking your net worth will take you further, faster. I share how childhood money beliefs create a scarcity mindset, why cutting costs isn’t a growth strategy, and how shifting focus to income generation changes everything. You’ll hear three specific strategies to grow your business without being controlled by savings goals, plus why tracking net worth is a key business metric. If you’re ready to think differently about money and get CPA ad...
2024-04-1517 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice94 \\ Avoid These IRS Penalties: CPA Advice on Estimated Taxes and Form 2210Are you overpaying taxes without even knowing it? In this episode, I reveal a common IRS penalty that costs business owners thousands—and how to avoid it. If you’ve ever been hit with a penalty for not paying enough tax throughout the year, this is for you. I explain how estimated tax payments really work, where to look on your 1040 for penalties, and the simple Form 2210 adjustment that can reduce or even eliminate them using the annualized income method. You’ll also learn why many CPAs miss this step and how to make sure yours is saving you money...
2024-04-1111 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice94 \\ Avoid These IRS Penalties: CPA Advice on Estimated Taxes and Form 2210Are you overpaying taxes without even knowing it? In this episode, I reveal a common IRS penalty that costs business owners thousands—and how to avoid it. If you’ve ever been hit with a penalty for not paying enough tax throughout the year, this is for you. I explain how estimated tax payments really work, where to look on your 1040 for penalties, and the simple Form 2210 adjustment that can reduce or even eliminate them using the annualized income method. You’ll also learn why many CPAs miss this step and how to make sure yours is saving you money...
2024-04-1111 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice93 \\ Stop Overpaying Taxes: CPA Advice on Deadlines, Estimates & Avoiding PenaltiesTax deadlines can feel overwhelming, but missing the details can cost you big. In this episode, we break down what every business owner needs to know about filing dates, estimated tax payments, and how to avoid costly IRS penalties. Learn why setting aside money throughout the year matters, how the IRS calculates underpayment penalties, and how to use Form 2210’s annualized income method to reduce them. We talk about extensions (and what they don’t cover), payment plans, and strategies for staying ahead of tax season so cash flow doesn’t get derailed. If you want practical CPA advice on man...
2024-04-0816 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice93 \\ Stop Overpaying Taxes: CPA Advice on Deadlines, Estimates & Avoiding PenaltiesTax deadlines can feel overwhelming, but missing the details can cost you big. In this episode, we break down what every business owner needs to know about filing dates, estimated tax payments, and how to avoid costly IRS penalties. Learn why setting aside money throughout the year matters, how the IRS calculates underpayment penalties, and how to use Form 2210’s annualized income method to reduce them. We talk about extensions (and what they don’t cover), payment plans, and strategies for staying ahead of tax season so cash flow doesn’t get derailed. If you want practical CPA advice on man...
2024-04-0816 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice92 \\ S Corp Taxes Explained: CPA Advice on Payroll, Distributions & K-1sThinking about switching to an S Corporation or already made the move? In this episode, we break down exactly how S Corp taxes work and how you actually get paid as a business owner. Learn why “reasonable compensation” matters, when to start payroll, and how distributions differ from wages. We also explain what a K-1 is, how profits are taxed, and why you don’t pay taxes twice on S Corp income. Plus, you’ll hear why tracking equity on your balance sheet is critical before taking money out and how to avoid costly mistakes that come from treating S Corp p...
2024-04-0414 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice92 \\ S Corp Taxes Explained: CPA Advice on Payroll, Distributions & K-1sThinking about switching to an S Corporation or already made the move? In this episode, we break down exactly how S Corp taxes work and how you actually get paid as a business owner. Learn why “reasonable compensation” matters, when to start payroll, and how distributions differ from wages. We also explain what a K-1 is, how profits are taxed, and why you don’t pay taxes twice on S Corp income. Plus, you’ll hear why tracking equity on your balance sheet is critical before taking money out and how to avoid costly mistakes that come from treating S Corp p...
2024-04-0414 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice91 \\ C Corporation Taxes: CPA Advice on Double Taxation, 1202 Exclusions & StrategyThinking about setting up a C Corporation? This episode breaks down the pros and cons so you can make an informed decision. We cover how C corp taxation works, why the 21% corporate tax rate isn’t always the advantage it seems, and how double taxation through dividends can hit hard. You’ll learn why some business owners choose a C corp structure, how fringe benefits and fiscal year planning can be leveraged, and when a 1202 exclusion might eliminate capital gains taxes on a sale. If you’re considering raising capital, building equity for a future sale, or just curious if a C...
2024-04-0116 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice91 \\ C Corporation Taxes: CPA Advice on Double Taxation, 1202 Exclusions & StrategyThinking about setting up a C Corporation? This episode breaks down the pros and cons so you can make an informed decision. We cover how C corp taxation works, why the 21% corporate tax rate isn’t always the advantage it seems, and how double taxation through dividends can hit hard. You’ll learn why some business owners choose a C corp structure, how fringe benefits and fiscal year planning can be leveraged, and when a 1202 exclusion might eliminate capital gains taxes on a sale. If you’re considering raising capital, building equity for a future sale, or just curious if a C...
2024-04-0116 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice90 \\ How to Review Your Tax Return: CPA Advice Every Business Owner NeedsDo you just sign your tax return without really looking at it? That blind trust can cost you. In this episode, I show you exactly how to review your business and personal tax returns so you can catch errors, ask smarter questions, and protect yourself. You’ll learn why comparing this year’s return to prior years is key, how to use the year-over-year reports to spot red flags, and which pages of your return deserve your closest attention. We also talk about checking unusual items like property sales, big income changes, or outlier deductions to make sure they’re acc...
2024-03-2515 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice90 \\ How to Review Your Tax Return: CPA Advice Every Business Owner NeedsDo you just sign your tax return without really looking at it? That blind trust can cost you. In this episode, I show you exactly how to review your business and personal tax returns so you can catch errors, ask smarter questions, and protect yourself. You’ll learn why comparing this year’s return to prior years is key, how to use the year-over-year reports to spot red flags, and which pages of your return deserve your closest attention. We also talk about checking unusual items like property sales, big income changes, or outlier deductions to make sure they’re acc...
2024-03-2515 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice89 \\ Why Your Bank Balance Lies: CPA Advice on Cashflow Statements for Business OwnersAre you using your business bank account as the measure of success? That’s a big mistake. In this episode, we dig into why your bank balance doesn’t tell the full story of your business health and what to look at instead. You’ll learn why your profit and loss statement rarely matches your checking account, the impact of loans, owner’s draws, and depreciation, and how this confusion can stall your growth. Most importantly, we talk about cashflow statements—what they are, why every growing business needs one, and how they can help you make smarter decisions. If you’re...
2024-03-2116 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice89 \\ Why Your Bank Balance Lies: CPA Advice on Cashflow Statements for Business OwnersAre you using your business bank account as the measure of success? That’s a big mistake. In this episode, we dig into why your bank balance doesn’t tell the full story of your business health and what to look at instead. You’ll learn why your profit and loss statement rarely matches your checking account, the impact of loans, owner’s draws, and depreciation, and how this confusion can stall your growth. Most importantly, we talk about cashflow statements—what they are, why every growing business needs one, and how they can help you make smarter decisions. If you’re...
2024-03-2116 minSMALL 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 Advice51 \\ 7 Signs It’s Time to Upgrade to a Modern CPA for Better Tax SavingsIn this episode, Tiffany explains how to tell if your CPA is helping you grow—or holding you back. She covers seven signs you need a modern tax pro, including whether your CPA understands your business, provides personalized strategies, goes beyond bookkeeping to tax planning, and leverages technology like forecasting and AI. You’ll also learn why a modern firm’s expertise, broad experience, and up-to-date knowledge of tax laws are critical for small business owners who want to reduce taxes and make smarter financial decisions. If you’re tired of old-school accounting that just files forms without helping you plan...
2023-10-3016 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice51 \\ 7 Signs It’s Time to Upgrade to a Modern CPA for Better Tax SavingsIn this episode, Tiffany explains how to tell if your CPA is helping you grow—or holding you back. She covers seven signs you need a modern tax pro, including whether your CPA understands your business, provides personalized strategies, goes beyond bookkeeping to tax planning, and leverages technology like forecasting and AI. You’ll also learn why a modern firm’s expertise, broad experience, and up-to-date knowledge of tax laws are critical for small business owners who want to reduce taxes and make smarter financial decisions. If you’re tired of old-school accounting that just files forms without helping you plan...
2023-10-3016 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice39\\ Why Your CPA Won’t Lower Your Taxes—and How to Take ControlIn this episode, I’m sharing why so many small business owners are overpaying taxes and what to do about it. Most CPAs just file your return—they don’t focus on tax reduction or smart strategies. That’s why I’ve built a new DIY course launching October 1st designed to teach small business owners how to maximize deductions, lower their tax bills, and confidently talk to their CPA about tax planning. Whether you want to DIY or simply know enough to make sure your CPA is doing their job, this episode explains why knowledge is power when it comes t...
2023-09-1811 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice39\\ Why Your CPA Won’t Lower Your Taxes—and How to Take ControlIn this episode, I’m sharing why so many small business owners are overpaying taxes and what to do about it. Most CPAs just file your return—they don’t focus on tax reduction or smart strategies. That’s why I’ve built a new DIY course launching October 1st designed to teach small business owners how to maximize deductions, lower their tax bills, and confidently talk to their CPA about tax planning. Whether you want to DIY or simply know enough to make sure your CPA is doing their job, this episode explains why knowledge is power when it comes t...
2023-09-1811 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice26 \\ New Tax Law Changes 2025: CPA Advice to Protect Your Small BusinessBig tax changes are coming, and this episode breaks them down in plain English. We cover draft bill HR 3938 and how it impacts research and development credits, bonus depreciation, and energy credits. You’ll learn what the GOP’s proposed tax package means for families, contractors, small businesses, and those using apps like PayPal and Venmo. We also talk about changes to 1099 rules, potential extensions to key tax cuts, and why these moves are designed to spark economic growth. If you own a small business, work with contractors, or just want to understand how these changes could hit your wall...
2023-06-1218 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice26 \\ New Tax Law Changes 2025: CPA Advice to Protect Your Small BusinessBig tax changes are coming, and this episode breaks them down in plain English. We cover draft bill HR 3938 and how it impacts research and development credits, bonus depreciation, and energy credits. You’ll learn what the GOP’s proposed tax package means for families, contractors, small businesses, and those using apps like PayPal and Venmo. We also talk about changes to 1099 rules, potential extensions to key tax cuts, and why these moves are designed to spark economic growth. If you own a small business, work with contractors, or just want to understand how these changes could hit your wall...
2023-06-1218 minSMALL 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 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 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 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice01 \\ Small Business Finance Secrets Your CPA Won’t Tell YouMost small business owners aren’t getting the finance help they need—and it’s costing them. In this episode, Tiffany explains why she started this podcast and what you can expect to learn: simple systems for bookkeeping, clear tax tips, and a money mindset that helps you grow. You’ll hear why understanding your finances (even if you have a CPA) is critical, how to avoid bad advice, and how to take control of your business money without feeling overwhelmed. If accounting, taxes, or cash flow make your eyes glaze over, this show will change the way you think ab...
2022-09-2509 minSMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice01 \\ Small Business Finance Secrets Your CPA Won’t Tell YouMost small business owners aren’t getting the finance help they need—and it’s costing them. In this episode, Tiffany explains why she started this podcast and what you can expect to learn: simple systems for bookkeeping, clear tax tips, and a money mindset that helps you grow. You’ll hear why understanding your finances (even if you have a CPA) is critical, how to avoid bad advice, and how to take control of your business money without feeling overwhelmed. If accounting, taxes, or cash flow make your eyes glaze over, this show will change the way you think ab...
2022-09-2509 min