SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice

191 \\ Deferred Sales Trust: The Tax Strategy That Can Save You Millions

If 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 sale proceeds, defer taxes, and build long-term wealth. This is a must-listen for anyone serious about smart strategies, tax planning, and keeping more of what you earn.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

190 \\ How to Get the Best Business Loan and Grants with Elizabeth Gore

Getting a business loan today feels impossible with high interest rates—but there are smart ways to do it. In this episode, Tiffany talks with Elizabeth Gore, co-founder and president of Hello Alice, about how small business owners can access capital, lines of credit, and grants without falling into predatory lending traps. Elizabeth explains why building a relationship with a local bank is critical, how to strengthen your financial fitness before applying for a loan, and why grants and non-dilutive funding can be a game changer. They also dive into the importance of understanding cash flow, preparing early (before you need money), and the tools Hello Alice offers to help entrepreneurs navigate business finance. If you’re looking for practical finance advice, smart strategies, and real ways to grow your business, this is your blueprint. 🚀
 
Next Steps:
⛓️‍💥Connect with Elizabeth Gore on Hello Alice and LinkedIn
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

189 \\ How Letting Go Saved My Business: Lessons from Burnout and My Dad’s Work Habits

Growing up, I watched my dad run his construction business alone—doing everything himself. It taught me how burnout happens when you try to control everything. In this episode, I share how his example shaped my early years as a business owner, why I fell into the same trap, and how I finally made the decision to build systems, delegate, and grow a team. I talk about shifting from a solopreneur mindset to creating processes, training my staff, and scaling without losing quality. If you feel like you’re carrying your entire business on your back, this conversation will show you why letting go of control can free you, help your clients, and give you the growth you’ve been dreaming about.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

188 \\ Tax Fraud Risks Every Business Owner Must Know with Kevin Knull

In this episode, Tiffany talks with Kevin Knull, CFP and President of Tax Status, about a growing financial threat that many small business owners overlook: tax-related identity theft. Kevin explains how fraudsters can steal refunds, file fake returns, and even collect income under your Social Security number. He shares how ongoing IRS account monitoring can alert you early, helping protect your money and your business. You’ll learn simple steps like getting a PIN, filing on time, and working with a CPA or tax professional to stay ahead of scams. If you’re serious about safeguarding your small business finance and avoiding devastating cash flow disruptions, this conversation is packed with actionable tax strategies and smart advice.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

187 \\ Wealthy Roth IRA Strategy: Tax-Free Retirement with Indexed Universal Life

If 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 a must-listen for anyone serious about small business finance, tax strategies, and planning ahead for financial security in retirement. 🚀💰
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

186 \\ Trump’s 2025 Tax Plan: 5 Big Changes Business Owners Must Know

In 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 long-term strategies for financial growth. If you’re serious about tax strategies, small business finance, and preparing for 2025, this episode gives you a clear, actionable overview of what’s next.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

185 \\ Cash Balance Plans: The Tax Strategy High-Income Business Owners Overlook

In 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 serious about small business tax planning and want to move beyond the basics, this episode is essential listening.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

184 \\ The $2,500 Tax Election That Can Save You Money and Prevent an IRS Audit

In 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—can cost you. Learn how to reduce taxes, avoid IRS red flags, and keep your business audit-proof with the right tax strategies.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

183 \\ 7 Wealth Villains to Avoid: Greg Luken on Building and Keeping Generational Wealth

In this episode, Tiffany sits down with Greg Luken, financial advisor and author of Unleash Your Financial Superpowers, to explore what separates people who build lasting wealth from those who lose it. Greg shares his journey from modest beginnings to leading a firm that helps first-generation wealthy families navigate financial success. They talk about the biggest mistakes business owners and professionals make with money, the seven “wealth villains” that can quietly derail your financial future, and the three superpowers—purpose, plan, and execution—that drive long-term results. Greg also explains why clarity, expert guidance, and choosing the right advisors are critical for protecting your wealth and passing it on to the next generation.
🎧 Tune in now and take control of your financial future!
 
Next Steps:
✅ Connect with Greg Luken
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa

182 \\ 5 Financial Mistakes Business Owners Must Avoid in 2025

In 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, manage growth, or get clarity on your finances, these steps will help you start the year strong and stay on track.
 
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com 
📲 Follow me on IG @ the.tiffany.p.cpa