SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
Stop Overpaying Taxes by $50K-$100K+ Every Year | The #1 Podcast for Women Entrepreneurs & Business Couples Who Want to Keep More of Their Hard-Earned Money Are you a successful woman entrepreneur or part of a husband-wife business team tired of watching 30-50% of your profits disappear to taxes? Fed up with CPAs who act more like tax preparers than strategic partners? Ready to discover the same tax strategies that save my clients an average of $97,398 annually? You’ve found your financial freedom headquarters. This isn’t another generic small business podcast. This is where ambitious entrepreneurs learn the insider tax strategies, financial systems, and money mindset shifts that transform six and seven-figure businesses from tax victims into wealth-building machines. What You’ll Discover: ✅ Advanced tax strategies most CPAs never mention (legally reduce taxes by 30-50%) ✅ How to audit-proof your business while maximizing deductions ✅ Financial systems that scale with your growing business ✅ Money mindset breakthroughs that unlock your wealth potential ✅ Real client case studies: $45K, $63K, $97K+ in annual tax savings ✅ Business structure optimization (LLC vs S-Corp vs Corporation) ✅ Cash flow management for sustainable growth Perfect for: Women business owners, female entrepreneurs, husband-wife business teams, six-figure earners, seven-figure business owners, real estate investors, professional service providers, e-commerce entrepreneurs, and anyone tired of overpaying the IRS. Meet Your Host: Tiffany Phillips, CPA & Tax Strategist For over 20 years, I’ve been the secret weapon behind successful entrepreneurs who legally keep more of their money. As a CPA and tax strategist (not just a preparer), I’ve helped clients save hundreds of thousands in taxes using my proprietary 85-point tax strategy system. My mission? Empower women entrepreneurs and collaborative business couples to stop overpaying taxes and start building real wealth. I’m here to challenge the ”good old boys club” of traditional accounting and give you the respect, partnership, and results you deserve. Why This Podcast Exists: Too many brilliant entrepreneurs—especially women—are being underserved by traditional CPAs who focus on compliance instead of strategy. You’re not looking for someone to just file your taxes; you want a partner who helps you keep more money, grow faster, and build generational wealth. Ready to Transform Your Financial Future? If you’re done accepting ”that’s just what you owe” and ready to implement proven strategies that put thousands back in your pocket, this podcast is your roadmap to financial freedom. New episodes weekly featuring actionable tax strategies, financial systems, mindset shifts, and real success stories from entrepreneurs just like you. 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
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Episodes
Monday Sep 23, 2024
Monday Sep 23, 2024
Most small business owners overpay taxes because they don’t know this IRS-approved strategy. In this episode, learn how medical expense reimbursement plans (HRAs, QSEHRAs, and ICHRAs) can let your business pay for medical expenses tax-free—and even allow you to pay your spouse without payroll taxes. We break down exactly how these plans work, what counts as qualified expenses, and why proper documentation is critical. Whether you have kids, high medical costs, or just want to capture deductions you’re missing, this strategy can help you reduce taxable income and save thousands every year. Stop leaving money on the table and use the tax code to your advantage.
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 Sep 19, 2024
Thursday Sep 19, 2024
One of the top reasons small businesses get audited by the IRS has nothing to do with revenue—it’s sloppy bookkeeping. In this episode, learn why mixing personal and business finances is one of the biggest audit risks and what to do about it right now. We break down why commingling funds is a red flag, how it can pierce your LLC’s legal protection, and the simple steps you can take to separate accounts, document receipts, and keep clean records. You’ll also hear practical tips on using automation tools like Dext to stay organized and avoid headaches. If you’ve been running expenses through your business account without discipline, this episode is your wake-up call to protect your business and keep the IRS off your back.
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 Sep 16, 2024
Monday Sep 16, 2024
Are you holding your business back without realizing it? In this episode, learn how the need to feel indispensable can keep you stuck in day-to-day tasks and stop your business from growing. Through a candid conversation with her business coach, Tiffany shares the surprising mindset shift that changed how she runs her business—and why stepping back can actually move your company forward. You’ll hear how to recognize when you’re being the bottleneck, how to give yourself permission to think big, and why creating space to plan and lead is essential for long-term success. If you’ve been running yourself ragged in the grind, this episode will give you a new perspective on how to truly grow.
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 Sep 12, 2024
Thursday Sep 12, 2024
The Tax Cuts and Jobs Act capped state and local tax (SALT) deductions at $10,000, hurting many business owners in high-tax states. But there’s a workaround most don’t know about. In this episode, learn how pass-through entity (PTE) taxes can let you deduct state income taxes at the business level instead of on your personal return, bypassing the SALT cap. We’ll cover which states allow this election, how it works, why your business structure matters, and other strategies you can use to maximize deductions if you’re not eligible. Tax planning is not one-and-done—it’s about staying ahead of changing laws. This episode will help you see if the PTE tax election or other tax strategies can reduce your state and federal taxes.
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 Sep 09, 2024
Monday Sep 09, 2024
What does your dentist have in common with your tax preparer? A lot more than you think. In this episode, I share how two very different dental visits opened my eyes to the real difference between a volume-based business and a true advisor. Just like a rushed cleaning isn’t the same as a specialized dentist who takes time to understand your health, a typical tax preparer isn’t the same as a tax strategist. You’ll learn why most CPAs are stuck in the “high volume, low value” model, why that costs business owners in missed tax savings, and what working with an advisor who focuses on strategy can do for your business. If you’re tired of overpaying taxes and feeling like you’re on your own, this episode will show you what to look for in the right advisor.
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 Sep 05, 2024
Thursday Sep 05, 2024
Most business owners pay far more to the IRS than they need to. In this episode, discover why so many small businesses overpay and what you can do about it. Learn the four major mistakes that cause overpayment: poor communication with your CPA, lack of tax planning, outdated business structures, and never having a proactive advisor on your side. Tiffany explains how the right tax strategist can help you legally reduce your taxable income, keep more of your hard-earned money, and use savings to build long-term wealth. If you have a gut feeling you’re paying too much in taxes, this episode breaks down what to look for and how to fix it before the end of the year.
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 Sep 02, 2024
Monday Sep 02, 2024
In this episode, learn how to make sure your side hustle is treated as a real business, not a hobby, in the eyes of the IRS. Discover the 9-point test the IRS uses to decide if you can deduct business losses, and why proper records, a business plan, and separate finances are critical. You’ll hear how to show a true profit motive, build a paper trail, and avoid costly tax mistakes that can come from hobby income. This episode is packed with clear cpa tax advice, small business finance tips, and simple tax planning strategies so you can protect your business and your future.
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 Aug 29, 2024
Thursday Aug 29, 2024
Did you know hiring the right team can lower your tax bill? This episode dives into the Work Opportunity Tax Credit (WOTC), a little-known federal program that rewards small business owners for hiring from targeted groups like veterans, long-term unemployed workers, and youth in specific areas. You’ll learn exactly who qualifies, how much you can save, and the steps you must take—including pre-screening and timely filing—to secure these savings. This tax planning strategy can cut your tax bill by up to $9,600 per eligible employee. If you’re looking for cpa tax advice, smart business tax tips, and ways to maximize tax deductions while doing good, this episode gives you a clear plan of action to make it happen.
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 Aug 26, 2024
Monday Aug 26, 2024
In this episode, we tackle a key small business finance question: should you lease or buy business equipment and vehicles? Using real-world examples, we break down the pros and cons of both options so you can make smart money decisions. Learn how leasing affects cash flow, tax deductions, and staying current with technology. Understand how buying impacts tax savings, asset ownership, and long-term costs. If you’ve ever wondered about the best way to handle a vehicle or equipment purchase for your business, this episode will give you clear CPA advice on what to consider before making a move. Perfect for small business owners who want better tax strategies and smarter financial planning.
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 Aug 22, 2024
Thursday Aug 22, 2024
In this episode, we break down how to use depreciation to your advantage when buying business assets. Learn the difference between Section 179, bonus depreciation, and standard depreciation, and how each impacts your business tax and cash flow. Discover why timing matters, when it’s smarter to spread deductions, and how to avoid wasting tax benefits. We also cover common mistakes business owners make when acquiring equipment, vehicles, and property, and how to plan for tax savings in future high-income years. This is essential listening for small business owners who want clear CPA advice to make smarter money decisions and maximize tax deductions through smart strategies.
Listen:
🎧 Episode # 37 - Section 179 Depreciation: Traps to Avoid
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