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: 💰 Join the Tax Savings Institute: http://taxsavingsinstitute.com 💲 Struggling with your bookkeeping? Check out the Ultimate Bookkeeping Guide: http://ultimatebookkeepingguide.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 --＞ tiffany@thetiffanyphillips.com
Listen on:
Episodes
Monday Apr 01, 2024
Monday Apr 01, 2024
Discover the intriguing world of C corporations in this eye-opening episode. Host [Your Name] navigates the complexities of business entity structures, debunking myths and revealing surprising truths. Dive into the 21% tax rate allure, but beware the potential pitfalls of double taxation and equity entanglements. Uncover strategies to leverage C corporations for tax advantages and smoother cash flows. Explore the tantalizing IRS Section 1202 exclusion and its game-changing implications for future business sales. With expert insights and real-world examples, this episode empowers seasoned business owners to make informed decisions and maximize financial potential. Don't miss out—tune in now to unlock the secrets of C corporations and revolutionize your business strategy.
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 --> tiffany@thetiffanyphillips.com
Monday Mar 25, 2024
Monday Mar 25, 2024
Get ready to become a tax return detective with our newest podcast episode! We're diving into the world of tax returns and uncovering the secrets to making sure yours is spot-on. Ever wonder if you're missing something important on your tax form? Worry no more! You'll learn how to check your return like a pro CPA, spotting those sneaky errors and knowing just the right questions to ask. We'll guide you through the essential steps to review your tax return, compare it with past years, and catch any changes that might cost you. It's like a treasure hunt, but instead of gold, you're finding peace of mind (and maybe even some extra cash)! So, join us as we crack the tax return code and empower you to take charge of your finances. Don't forget to leave a five-star review if you find the tips helpful! 🌟
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 --> tiffany@thetiffanyphillips.com
Thursday Mar 21, 2024
Thursday Mar 21, 2024
In this eye-opening episode, we delve into a common mistake many small business owners make: relying solely on their bank account balance to gauge success. We uncover why this approach is flawed and how it could be hindering your business growth. From mismatched profit and loss statements to hidden expenses, we explore the discrepancies that often arise. But fear not! We introduce a game-changing solution: the cash flow statement. Discover how this often-overlooked financial tool can provide clarity, predict future needs, and steer your business towards success. Don't miss out on this empowering insight that could transform the way you manage your business finances. Tune in now to unlock the keys to financial prosperity!
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 --> tiffany@thetiffanyphillips.com
Monday Mar 18, 2024
Monday Mar 18, 2024
In this episode, we debunk the common misconception that electing S Corporation status is always the best move for small businesses. Host, Tiffany Phillips, dives into the pitfalls of blindly following this advice, outlining five key scenarios where choosing an S Corp could actually harm your finances. From tax liabilities on real estate to restrictions on foreign ownership, we explore the nuanced considerations that go into this decision. Plus, we share valuable insights on when electing S Corp status could be beneficial, offering practical advice to optimize your tax strategy. Tune in to avoid costly mistakes and gain clarity on navigating your small business finances effectively.
Show notes details:
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 --> tiffany@thetiffanyphillips.com
Thursday Mar 14, 2024
Thursday Mar 14, 2024
In this episode, we delve into a treasure trove of 28 innovative ways to slash your small business taxes. From startup costs to employee benefits, we uncover deductions you may have never considered. Hosted by Tiffany Phillips, a seasoned finance expert, this podcast equips small business owners with essential strategies to maximize tax savings legally.
Learn how to leverage ordinary and necessary expenses to your advantage, ensuring you're claiming every deduction you're entitled to. Whether you're a seasoned entrepreneur or just starting out, these practical tips will empower you to navigate the complex world of small business finance with confidence. Tune in and revolutionize your approach to 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 --> tiffany@thetiffanyphillips.com
Monday Mar 11, 2024
Monday Mar 11, 2024
In this insightful episode, CEO Tiffany candidly shares the valuable lessons she's learned during her eight-year journey as a business owner. From embracing a growth mindset to delegating tasks effectively, she reflects on five key mistakes she made along the way and how she turned them into learning opportunities. Tiffany emphasizes the importance of prioritizing health and well-being, as well as giving oneself time and space for creativity and growth.
Whether you're a seasoned entrepreneur or just starting out, this episode offers practical advice and inspiration to help you navigate the challenges of running a successful business. Tune in for actionable insights and empowering strategies to elevate your entrepreneurial journey!
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 --> tiffany@thetiffanyphillips.com
Thursday Mar 07, 2024
Thursday Mar 07, 2024
Are you thinking about making your LLC an S Corp? This episode is just what you need! We're unpacking all the must-know details about S Corp elections, how to stay on the IRS's good side, and what to do if you find out you've missed a step. If you're in a community property state, we've got a hot tip that could save you from tax troubles.
Plus, we'll chat about what happens if you've elected S Corp status in the past without crossing all the 't's. Don't worry, we'll guide you through the fix-it steps. So, grab a seat and let’s get your S Corp knowledge up to speed! Share this with a buddy who could use some tax tips too. Thanks for tuning in, and let's dive in! 🚀
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 --> tiffany@thetiffanyphillips.com
Monday Mar 04, 2024
Monday Mar 04, 2024
Ready to save big on taxes? Tune in to hear how one client saved over $30,000! We'll reveal how smart financial moves and understanding your business can lead to huge savings. Learn about S corporation strategies, smart distributions, and how to handle excess basis to keep more money in your pocket. Whether you're a seasoned business owner or just starting, these insights can help you make better tax decisions. Join us to find out how partnering with the right tax pro can turn tax time into save time!
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 --> tiffany@thetiffanyphillips.com
Thursday Feb 29, 2024
Thursday Feb 29, 2024
Get ready to tackle tax time like a pro! In this episode, we're diving into the big questions of filing taxes for your business: To extend or not to extend? Should you file early or wait until the last second? Discover the perks of getting your taxes done ahead of time and find out if waiting until the last minute is really the risk some people say it is. From S Corps to C Corps and individual returns, we've got your deadlines covered.
Plus, learn the scoop on state extensions and how to avoid those pesky penalties and interest if you owe the IRS. Whether you're buying a house or selling a business, we'll guide you through making the right tax moves. Don't miss out on these must-know tips! Grab your coffee, and let’s get cozy with taxes.
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 --> tiffany@thetiffanyphillips.com
Monday Feb 26, 2024
Monday Feb 26, 2024
In today's episode, we're getting real about the sneaky ways we might be holding ourselves back in business without even realizing it. I'll share some personal stories of my own "aha" moments and how I moved from feeling stuck to taking control. We'll explore how to spot the signs of self-sabotage and the powerful shifts that can happen when we step up and drive our business forward. Join me for an inspiring journey from self-doubt to success, and let's take back the steering wheel together. Get ready to be motivated to make those big changes that could transform your work and life! 🌟🚀
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 --> tiffany@thetiffanyphillips.com