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
Listen on:
Episodes
Monday Oct 14, 2024
Monday Oct 14, 2024
In this episode, I walk you through a real-life case study where I helped a couple save an incredible $67,581 in taxes! I break down the exact strategies we used, including some smart investment moves, business structuring tips, and ways to maximize deductions. Whether you're a business owner or just looking for ways to reduce your tax bill, this episode is packed with easy-to-understand ideas that you can apply to your own situation.
Plus, I’ll explain why even professionals like CPAs and financial advisors turn to me for help with tax planning. If you're ready to learn how to pay only what you legally owe (and not a penny more), grab a notebook and tune in! Don't forget—time is running out to make changes for this tax year, so make sure to schedule a discovery call to get started.
Listen now to see how much you could be saving!
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 10, 2024
Thursday Oct 10, 2024
In this episode, we dive into 7 key steps you need to take before the year ends to get ready for your 2024 taxes. Whether you're running a business or handling personal finances, these tips will help you save money and avoid headaches when tax season rolls around.
We cover everything from making sure your financials are up to date, to reviewing contractor payments, calculating taxes owed, and even exploring smart investment opportunities for tax savings. You’ll learn why it’s crucial to take action now, and what happens if you wait too long. Don’t miss out on strategies that could make a big difference on your 2024 return. If you're serious about keeping more of your hard-earned money, this episode is a must-listen.
Tune in and get ahead of the game with these simple, effective steps to lower your tax bill!
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 07, 2024
Monday Oct 07, 2024
In this episode, we dive into a common issue for S corporation business owners: taking excess distributions from your business. If you've moved more money than you should from your business to your personal account, it can trigger a shareholder loan on your tax return, raising red flags with the IRS.
I’ll walk you through simple steps to fix the issue, from creating a promissory note to making interest payments, so you can audit-proof your business. Whether you're doing this yourself or working with your CPA, this episode will help you stay on track and avoid costly mistakes. Tune in to learn how to protect your business and keep things IRS-friendly!
If you're looking to reduce your taxes or need help with this process, don’t forget to check out the link in the show notes to schedule a consultation.
Episodes Mentioned in Today's Show:
🎧 Episode # 93 - "Tax Deadlines: How Overpaying Taxes is Costing You Big"
🎧 Episode #92 - "Breaking the Code: S Corp Tax Secrets Every Business Owner Must Know!"
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 03, 2024
Thursday Oct 03, 2024
In today’s fast-paced, online world, protecting your financial information is more important than ever—especially as a business owner. In this episode, we dive into simple yet powerful steps you can take to keep your money and data safe from hackers. From using two-factor authentication to creating strong passwords, I share my personal tips for securing your accounts.
We’ll also talk about how to protect your email, back up your data, and control who in your company has access to sensitive information. These easy changes can make a big difference in keeping your business secure. Whether you’re just starting out or managing a growing company, this episode is full of practical advice to help you protect what you’ve worked hard to build!
Tune in now to learn how to keep your financial information safe.
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 Sep 30, 2024
Monday Sep 30, 2024
In this episode, I share how hiring coaches has transformed both my business and personal life. Just like my golf game improved with the help of a coach, having the right business and personal advisors has helped me grow faster than I ever could alone.
I talk about the huge benefits of working with multiple coaches, how they’ve helped me reduce stress, improve time management, and become a better leader. Plus, I share some eye-opening stats about how businesses that work with coaches are more likely to succeed and make more money. If you're serious about taking your business to the next level, this episode is for you!
Ready to see how coaching could change your life? Tune in, and let’s talk about how to start scaling your business, improving your mindset, and reaching your goals faster.
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 Sep 26, 2024
Thursday Sep 26, 2024
In this episode, we break down 8 common financial mistakes that small business owners make and how to avoid them. From cash flow issues to not planning for taxes, these mistakes can slow your growth and create unnecessary stress.
We’ll dive into practical tips to help you manage your business finances more effectively, spot areas where you’re losing money, and learn how to make smarter decisions to set your business up for success. Whether you’ve been in business for a while or are just starting out, this episode is packed with valuable insights to help you take control of your finances and reach your goals faster.
Tune in to learn how to stop these financial pitfalls from holding you back!
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 Sep 23, 2024
Monday Sep 23, 2024
Are you missing out on a huge tax-saving opportunity? In today’s episode, we dive into a little-known strategy that lets you get your medical expenses reimbursed tax-free through your business. This powerful method can save you thousands of dollars if done right!
Learn how medical expense reimbursement plans work, what kinds of expenses qualify, and why most business owners never hear about this hidden gem. Plus, if your spouse helps with your business, we’ll reveal how you can pay them in a way that’s totally tax-free. This strategy is a game-changer for families with kids, high medical expenses, or anyone looking to reduce their tax bill.
Don’t leave money on the table—tune in to discover how to take full advantage of these tax benefits and keep more cash in your pocket. Hit play to find out if this strategy could work for you!
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 Sep 19, 2024
Thursday Sep 19, 2024
In this episode, we're diving into the number one audit risk that many small business owners unknowingly make—and it’s a mistake I see all the time! If your business earns less than $500,000 a year (or even more!), you might be at risk for an IRS audit without even realizing it. We’ll discuss why mixing personal and business finances is a big no-no, how it can lead to serious problems, and the simple steps you can take today to fix it.
Plus, I’ll share tips on keeping your records clean, using easy-to-use software to track receipts, and how staying disciplined with your money can protect your business. Don't let an audit catch you off guard!
Tune in to learn how to keep your finances in order, stay compliant, and avoid common pitfalls that could cost you big time. Let’s get your business audit-proof and running smoothly!
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 Sep 16, 2024
Monday Sep 16, 2024
Are you the bottleneck in your own business? In this episode, we dive into the surprising thing that might be holding you back from growing your business. I’ll share a recent conversation with my business coach that opened my eyes to a personal need that was unknowingly keeping me stuck.
We’ll talk about why it’s so hard to step away, even when you know you need a break, and how that impacts your business.You’ll learn about the common trap of needing to feel important and how it’s affecting your team and your growth.I’ll give you some practical tips on how to give yourself permission to let go and make space for bigger ideas.
If you’re ready to stop getting in your own way and start taking your business to the next level, this episode is for you. Let’s jump in and grow together!
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 Sep 12, 2024
Thursday Sep 12, 2024
In this episode, we dive into one of the biggest tax changes in recent years—the Tax Cuts and Jobs Act of 2017—and what it means for your tax deductions today. With the Act set to sunset soon, there are still smart ways to maximize your tax benefits, especially if you’re a business owner dealing with the SALT deduction cap.
We’ll break down a clever workaround that could help you save thousands by moving deductions from your personal taxes to your business taxes. Find out how states like California, New York, and New Jersey are giving business owners a big tax break with pass-through entity deductions. We’ll also cover key steps to make sure your business is set up correctly and how to look for other tax-saving opportunities.
Don’t miss this episode filled with tips to keep more money in your pocket—no complicated tax jargon, just clear advice that works!
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