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: 💰Pay Less in Taxes – https://yourbiggestexpense.com/ ☎️ 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
Listen on:
Episodes
Thursday Nov 02, 2023
Thursday Nov 02, 2023
In this episode, we’re diving into a fantastic listener question about small business finances. If you’re wondering how to stay compliant with the IRS while maximizing deductions, this one’s for you! We explore whether having two rental agreements—one for a home office and another for a commercial kitchen—could raise red flags with the IRS.
You’ll learn about the Augusta Loophole, how to properly structure rental agreements, and why separating business and personal expenses is essential for tax compliance. Plus, I’ll share insider tips on staying organized and taking advantage of smart tax strategies to reduce stress.
If you’ve ever felt overwhelmed by business taxes or bookkeeping, this episode will give you the clarity and confidence to do it right. Don’t miss out—tune in now and start setting your business up for success!
Episodes mentioned in the podcast:
🎧 Episode #2 - "Top 5 Tax Deductions for Entrepreneurs"
🎧 Episode #47 - "Unlock Tax Savings | #1 Small Business Tax Deduction"
🎧 Episode #14 - "#1 Tax Reduction Strategy for Small Business Owners"
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
Monday Oct 30, 2023
Monday Oct 30, 2023
Choosing the right CPA can make or break your business’s finances. In this episode, we’re talking about how to know if your CPA is modern, forward-thinking, and ready to help you reduce your taxes while growing your business. Not all CPAs are created equal, and I’ll share 7 key traits to look for when hiring a CPA or accounting firm.
From leveraging the latest technology to providing personalized advice, we’ll explore what sets cutting-edge CPAs apart from the rest. If you’re tired of cookie-cutter service or feeling like your tax professional isn’t on your side, this episode will give you the tools to find the right match.
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
Thursday Oct 26, 2023
Thursday Oct 26, 2023
Are you thinking about buying a business or making an investment? In this episode, we break down the key steps you need to take to make a smart decision and avoid costly mistakes. Whether you're looking to add to your existing business, create a new source of income, or escape the corporate grind, this episode is packed with practical tips to guide you.
Learn how to evaluate if a business is a good fit, why having enough employees and cash flow is crucial, and how to calculate your potential profits after loans and expenses. Plus, we share real-life examples and expert advice to help you make your next move confidently.
🎧 Listen to Episode 45: "The Ugly Side of Real Estate Investing | Tax Edition" as mentioned in today's podcast about offsetting passive losses with passive income.
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
Monday Oct 23, 2023
Monday Oct 23, 2023
Did you know your business could be overpaying vendors by as much as 10% every year? In this episode, we uncover the hidden mistakes that cause small businesses to lose money and how you can stop the leaks. From reconciling accounts to catching duplicate payments and preventing fraud, we’ll break down the steps you need to take to protect your profits.
I’ll share real-life examples, explain how to spot overpayments, and reveal simple strategies to ensure you’re not leaving money on the table. Whether you’re running a small business or managing a growing team, these tips will help you keep more cash in your pocket.
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
Friday Oct 20, 2023
Friday Oct 20, 2023
Do you want to cut or even eliminate your capital gains taxes? This episode reveals a powerful, underused strategy to help you save big when selling a business, property, or investment. Learn how Opportunity Zones work and why they can be a game-changer for your finances.
We’ll cover what capital gains taxes are, how Opportunity Zones can help you defer or eliminate them, and the steps you need to take to qualify. Whether you’re selling a long-held property or your business, this episode breaks it all down in simple terms so you can keep more of your hard-earned money.
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
Monday Oct 16, 2023
Monday Oct 16, 2023
Are you ready to learn about a powerful tax strategy that could save your business thousands? In this episode, we dive into the Augusta Loophole—a simple yet highly effective way for business owners to reduce their tax bill. I’ll explain how it works, the common mistakes to avoid, and the steps you need to follow to do it right.
From creating a rental agreement to documenting meetings and ensuring proper payments, I’ll cover all the details to help you stay compliant and maximize your benefits. Whether you’re new to this strategy or looking to fine-tune your approach, this episode is packed with tips to make sure you’re not leaving money on the table.
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
Thursday Oct 12, 2023
Thursday Oct 12, 2023
Are you unknowingly overpaying your taxes? Many small business owners make this costly mistake by neglecting their finances. In this episode, we dive into how you can take control of your business financials and avoid leaving money on the table.
Learn why tracking your finances every month is essential, the best tools to use (hint: you don’t always need QuickBooks!), and how a simple system can help you capture every deduction you deserve. Whether you’re just starting out or running a growing business, these tips will help you save money, reduce stress, and stay organized.
Don’t wait for tax time—start building better habits today. Hit play to learn actionable steps to improve your financial health.
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
Monday Oct 09, 2023
Monday Oct 09, 2023
Are you a real estate investor struggling to use your passive losses? If your income is too high to take advantage of those valuable tax deductions, this episode is for you! Learn a simple yet powerful strategy to create passive income that offsets your real estate losses, unlocking significant tax savings.
We’ll dive into how adding a spouse as a passive business owner or investing in other businesses can help you utilize those unused losses. Whether you’re a high-earning professional or a business owner, this episode will show you how to maximize your tax benefits while staying fully compliant with IRS rules.
Don’t let your losses sit unused—turn them into savings! Hit play to discover how this strategy can work for you.
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
Thursday Oct 05, 2023
Thursday Oct 05, 2023
Are you tired of feeling like you’re overpaying in taxes and stuck in a financial rut? This episode dives into the mindset shift every small business owner needs to take control of their finances and reduce their taxes. Learn why relying too much on others, like your CPA or bookkeeper, can cost you, and discover how to take ownership of your business’s financial health.
We’ll share real-life examples of common mistakes, practical tips to track your finances, and how educating yourself can lead to smarter decisions and bigger savings. It’s time to stop floundering and start thriving by taking your taxes—and your business—seriously.
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
Monday Oct 02, 2023
Monday Oct 02, 2023
The dreaded IRS audit—it’s every taxpayer’s nightmare! But did you know there are common red flags that can increase your chances of getting audited? In this episode, we uncover the six biggest mistakes that could put you on the IRS’s radar and share how to avoid them.
From arithmetic errors and mismatched numbers to cash income and questionable deductions, we’ll guide you through what the IRS looks for and how to keep your finances clean and stress-free. You’ll also learn why picking the right tax preparer matters and how to stay on top of your records to avoid any surprises.
If you want to keep the IRS away from your door and avoid unnecessary hassle, this episode is for you.
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