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
Listen on:
Episodes
Thursday Apr 04, 2024
Thursday Apr 04, 2024
Thinking about switching to an S Corporation or already made the move? In this episode, we break down exactly how S Corp taxes work and how you actually get paid as a business owner. Learn why “reasonable compensation” matters, when to start payroll, and how distributions differ from wages. We also explain what a K-1 is, how profits are taxed, and why you don’t pay taxes twice on S Corp income. Plus, you’ll hear why tracking equity on your balance sheet is critical before taking money out and how to avoid costly mistakes that come from treating S Corp payouts like a paycheck. If you’re confused about how money flows from your business to you, this CPA advice gives you a clear roadmap.
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 Apr 01, 2024
Monday Apr 01, 2024
Thinking about setting up a C Corporation? This episode breaks down the pros and cons so you can make an informed decision. We cover how C corp taxation works, why the 21% corporate tax rate isn’t always the advantage it seems, and how double taxation through dividends can hit hard. You’ll learn why some business owners choose a C corp structure, how fringe benefits and fiscal year planning can be leveraged, and when a 1202 exclusion might eliminate capital gains taxes on a sale. If you’re considering raising capital, building equity for a future sale, or just curious if a C corp makes sense for your tax strategy, this CPA advice will help you weigh the risks and opportunities before making the move.
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 Mar 25, 2024
Monday Mar 25, 2024
Do you just sign your tax return without really looking at it? That blind trust can cost you. In this episode, I show you exactly how to review your business and personal tax returns so you can catch errors, ask smarter questions, and protect yourself. You’ll learn why comparing this year’s return to prior years is key, how to use the year-over-year reports to spot red flags, and which pages of your return deserve your closest attention. We also talk about checking unusual items like property sales, big income changes, or outlier deductions to make sure they’re accurate. If you’re a business owner who wants more confidence in your tax filings, this practical CPA advice will help you review your return the right way instead of signing blindly. 🌟
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 Mar 21, 2024
Thursday Mar 21, 2024
Are you using your business bank account as the measure of success? That’s a big mistake. In this episode, we dig into why your bank balance doesn’t tell the full story of your business health and what to look at instead. You’ll learn why your profit and loss statement rarely matches your checking account, the impact of loans, owner’s draws, and depreciation, and how this confusion can stall your growth. Most importantly, we talk about cashflow statements—what they are, why every growing business needs one, and how they can help you make smarter decisions. If you’re tired of guessing whether your business is on track based on your bank balance, this CPA advice will give you a better way to measure success and plan for growth.
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 Mar 18, 2024
Monday Mar 18, 2024
Not every business should elect S corporation status—and bad advice on this topic can cost you thousands in taxes. In this episode, we break down five red flags that mean an S Corp could be a bad move for you, including owning real estate in the entity, having non U.S. owners, raising outside capital, skipping a reasonable salary, or running a business that isn’t profitable yet. You’ll also learn when an S Corp does make sense (and how to think about timing) so you can make a smarter decision instead of following bad advice from a friend, TikTok, or your golf buddy.
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 Mar 14, 2024
Thursday Mar 14, 2024
Want to pay less in taxes? In this episode, I share 28 specific deductions and strategies you can use to reduce your tax bill as a small business owner. From startup costs and home office write-offs to paying your kids, retirement contributions, the Augusta Rule, and more—this is a comprehensive list of tax-saving opportunities you probably aren’t fully using. Grab a pen, take notes, and start applying these techniques so you stop 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
Monday Mar 11, 2024
Monday Mar 11, 2024
In this episode, I share five mistakes I made while building my business over the last eight years and how those lessons shaped my growth as a CEO. From struggling with a fixed mindset, getting stuck in the weeds, and hiring too late, to ignoring my health and failing to create space for big-picture thinking—these are the traps many entrepreneurs fall into. You’ll learn why mindset for entrepreneurs matters, how stepping back can unlock business strategy, and why prioritizing health and time leads to smarter money decisions. If you’re a small business owner, these insights will help you avoid costly mistakes and create a business that works for you instead of consuming 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 Mar 07, 2024
Thursday Mar 07, 2024
Thinking of electing S Corp status for your LLC? This episode breaks down what every small business owner needs to know to stay in IRS compliance. Learn why community property laws mean your spouse may need to sign Form 2553 even if they don’t own part of the business, how to avoid costly mistakes when filing, and what to do if you discover years later that you missed this step. We also cover what happens during an IRS audit, why a letter ruling might help, and the key tax strategies to protect your S Corp election. If you want clear cpa advice on S Corp elections without all the confusion, this episode will help you protect your business and avoid risk. 🚀
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 Mar 04, 2024
Monday Mar 04, 2024
Tax season is here, and knowing when and how to file can save you money and stress. In this episode, I explain key tax deadlines for S Corps, partnerships, individuals, and corporations—and why extensions can be a smart strategy. You’ll learn when it makes sense to file early, why delaying can sometimes reduce audit risk, how to handle taxes if you owe, and what to do if you’re behind on past returns. We also cover penalties, payment plans, and tips for staying on top of small business tax planning. Whether you want to avoid costly mistakes or need clear cpa tax advice, this episode will help you take control of your business finance with confidence.
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 Feb 29, 2024
Thursday Feb 29, 2024
Hiring can feel like one of the scariest steps in running a small business. In this episode, I break down how to decide when it’s time to bring on a new employee or contractor, and how to make that decision confidently. You’ll learn how to review your profit and loss, analyze client demand, adjust pricing, and understand cash flow so you can grow without putting your business at risk. I also share a real-world example of how a simple waiting list and pricing strategy revealed it was time to expand. If you’re a small business owner wondering how to scale while protecting your money mindset, this episode gives you clear business strategy insights to make smart moves.
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