SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions
Are you unsure of what to do with your business finances? Are you scared you might do something that causes the IRS to come after you? Do you lack confidence in knowing if what you’re doing is correct? Are you desperate for answers for all of your financial questions? In this podcast, you will find financial knowledge and systems to set you free from the mass confusion of small business finances. My mission is to help equip you to have a financially successful small business through financial systems, financial knowledge, and money mindset. If you’re ready to say yes to being financially successful and stop struggling with everything that hasn’t worked for a solution that will - you’re in the right place! Hey, I’m Tiffany. A mom, wife, financial guru and small business owner. For over 20 years I’ve been a successful small business tax advisor. I understand the confusion and frustration that comes with managing your own finances. As a CPA, I’ve been the ”go to” financial resource and partner for countless entrepreneurs. Until now, I only helped established business owners making a lot of money, helping them save tens and even hundreds of thousands of dollars. But I realized newer, smaller business owners needed as much, and maybe more, financial help than the bigger guys! So, I’m here to help you increase your financial knowledge so you, too, can successfully operate your business and make the best financial decisions possible. So, if you are ready to finally gain CONFIDENCE from financial confusion in your business, create simple financial systems, and get past financial roadblocks - this is the podcast for you! We are going to get absolute control of YOUR business finances TOGETHER. So let’s dust off those spreadsheets, friend. It‘s time to buckle up! Next Steps: ☎️ Find out how much you’re overpaying in taxes every year! Schedule a FREE discovery call to find out --＞ https://phillipsbusinessgroup.com/ 📧 Contact Me --＞ hello@phillipsbusinessgroup.com
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Episodes
3 days ago
3 days ago
In this episode, we dive into the tricky world of taxes after selling your home at a big profit. With housing prices high, many people are making great returns, but are caught off-guard by large tax bills. I share a real-life case where my client made $800,000 on a home sale and wanted to keep as much of it as possible.
We discuss key strategies, like the IRS’s $500,000 capital gains exclusion, options for reinvesting gains, and other powerful ways to cut down tax bills. Plus, I cover the pros and cons of investing in Qualified Opportunity Zones and oil and gas strategies to minimize taxes. If you’re looking to sell your home and want to keep more in your pocket, this episode is packed with practical, money-saving tips that anyone can use.
Listen in and learn how to keep more of what you earn!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
7 days ago
7 days ago
In this episode, we dive into a big question for business owners: should you pay your spouse out of your business? If your spouse is already helping out or could step in to lend a hand, paying them might actually save you money on taxes!
We’ll break down the benefits and talk about smart ways to pay your spouse—without adding payroll taxes. From saving on travel expenses to contributing to retirement plans, we explore key strategies that can boost your bottom line. Plus, learn about a “secret sauce” strategy called medical expense reimbursement that could be a game-changer.
If you’re looking to keep more money in your pocket and less going to Uncle Sam, tune in for expert tips that can make a real difference in your business finances.
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Monday Nov 11, 2024
Monday Nov 11, 2024
In this episode, we dive into a key reason many businesses get stuck and what you can do to finally reach that next level. I’ll share a common mistake I made for years—thinking small and staying too focused on today’s problems instead of creating a vision for the future.
We’ll talk about why a clear, big-picture vision is crucial and how it impacts hiring, team motivation, and business growth. I also explain the powerful role of coaches and mentors who’ve helped me along the way, and how their guidance can fast-track your success. If you’re ready to build a stronger, future-focused business that your team is excited to support, this episode is for you.
Join me on this journey to think bigger, plan smarter, and make decisions that lead to real growth!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Thursday Nov 07, 2024
Thursday Nov 07, 2024
In this episode, we dive into what Donald Trump’s recent election win could mean for your taxes. With Trump’s focus on cutting taxes and keeping money in American pockets, there are some major tax policies you need to know about. We discuss the future of the Tax Cuts and Jobs Act, which is set to expire in 2025, and what that might mean for individuals and business owners. Could your taxes go up? Will certain tax breaks stick around?
I’ll also cover how Trump’s plans for the economy, like bringing more business back to the U.S. and tackling inflation, might impact your bottom line. If you’re a business owner or just want to understand how these changes could affect you, this episode has the latest insights.
Join us as we break down these tax updates and what they could mean for your wallet!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Monday Nov 04, 2024
Monday Nov 04, 2024
In this episode, we dive into a key reason many businesses get stuck and what you can do to finally reach that next level. I’ll share a common mistake I made for years—thinking small and staying too focused on today’s problems instead of creating a vision for the future.
We’ll talk about why a clear, big-picture vision is crucial and how it impacts hiring, team motivation, and business growth. I also explain the powerful role of coaches and mentors who’ve helped me along the way, and how their guidance can fast-track your success. If you’re ready to build a stronger, future-focused business that your team is excited to support, this episode is for you.
Join me on this journey to think bigger, plan smarter, and make decisions that lead to real growth!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Thursday Oct 31, 2024
Thursday Oct 31, 2024
In this episode, we tackle one of the biggest fears for business owners: an IRS audit! But don’t worry – it’s all about making sure you’re prepared so you can stay stress-free. We break down 7 simple steps that will help you audit-proof your business. From keeping clean records to knowing your rights, you’ll learn what to do now so that if an audit ever happens, you’ll be totally ready. Whether you’re unsure about your tax returns or just want peace of mind, this episode will give you the tips you need to stay organized and confident.
No one likes dealing with the IRS, but by following these easy steps, you can be prepared and protect your business. So, grab a notebook and get ready to learn how to make sure your finances are audit-proof!
Links mentioned: Book a free consultation in the show notes and find out how to optimize your taxes today!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Monday Oct 28, 2024
Monday Oct 28, 2024
In this episode, we dive into the often confusing world of state sales tax. If you're unsure about when to charge sales tax, what the rules are, or how to stay compliant, we’ve got you covered! I’ll walk you through 10 key things every business owner needs to know about state sales taxes, from understanding nexus and registering for permits to filing the right tax returns and avoiding costly mistakes.
Whether you're selling products or services, in one state or across many, this episode will help you navigate the ins and outs of sales tax so you can stay out of trouble and keep your business running smoothly. Don’t wait until it’s too late—tune in now and make sure you're handling your taxes the right way!
Listen in and learn how to keep your business compliant and stress-free!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Thursday Oct 24, 2024
Thursday Oct 24, 2024
In this episode, we dive into a topic many small business owners overlook: tax implications when earning income in multiple states. I’ll break down five important things you need to know to make sure you’re paying the least amount of taxes possible—whether it’s income tax, payroll tax, or more.
From understanding residency rules to getting tax credits for what you’ve already paid in other states, we’ll cover how to avoid costly mistakes and keep more money in your business. Plus, I’ll share a real-life case study about how one of my clients saved thousands of dollars by adjusting their tax strategy across four states. Don’t let state taxes catch you off guard—tune in to get practical tips that could save you big money!
Ready to lower your tax bill? Let’s get started!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Monday Oct 21, 2024
Monday Oct 21, 2024
In this episode, we dive into the challenges business owners face when growing from $1M to $3M in revenue. On the surface, everything might look great—your business is booming, you’ve got a team, and success seems to be within reach. But behind the scenes, it can feel overwhelming, with stress piling up and endless tasks on your plate.
I share personal experiences and real-life examples from clients who’ve been through this stage, offering insights on why it’s normal to feel this way—and more importantly, how to push through it. You’ll learn practical strategies to manage the stress, streamline your operations with better processes, and understand the mindset shift needed to keep growing.
If you’re feeling stuck or stressed in your business, this episode is for you! Listen in for actionable tips that will help you navigate this tricky phase and move forward with confidence.
Be sure to share and leave a review!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Thursday Oct 17, 2024
Thursday Oct 17, 2024
In this episode, we dive into how the upcoming 2024 election could change your taxes, especially if you’re a small business owner. We break down the key tax proposals from both Donald Trump and Kamala Harris, looking at how their plans might impact your bottom line.
From corporate tax cuts and increases to tax credits for startups and support for low-income workers, we cover the most important points you need to know before the election. Whether you’re hoping for lower taxes or planning for higher ones, it’s important to stay informed. Tune in to learn what these changes could mean for you and your business—and how to start planning now to avoid any surprises in 2024. Plus, we offer tips on optimizing your taxes no matter who wins!
Don’t miss this important episode as we break it all down and help you prepare for what’s ahead!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa