SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice

72 \\ 2024 Tax Relief Bill Explained: Key Changes for Families, Small Businesses, and R&D

A major tax bill is moving through Congress, and it could change your 2024 taxes in a big way. In this episode, Tiffany breaks down the Tax Relief for American Families and Workers Act of 2024 and explains how it affects small businesses, families, and entrepreneurs. You’ll learn about expanded child tax credits, bonus depreciation changes, Section 179 limits, new R&D rules, disaster relief deductions, and updated 1099 reporting thresholds. Tiffany also covers why staying informed about tax law changes is essential for tax planning and smarter business finance decisions. If you’re serious about tax reduction, proactive strategies, and protecting your profits, grab your coffee and get the insights you need before these new rules take effect. 🌟💼📈
 
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

71 \\ 2024 Business Success: Rewrite Limiting Rules and Shift Your Money Mindset

What invisible rules are holding you back from reaching your goals this year? In this episode, Tiffany opens up about mindset blocks that limit growth in business and life—and how she’s actively rewriting those “rules” in 2024. From hiring decisions to revenue goals, she explains how unchecked beliefs can sabotage success and how reframing them leads to real change. You’ll learn why mindset is as critical as strategy for small business finance, and how breaking old patterns can open up opportunities for growth. If you’ve ever thought “I can’t do that,” this episode will help you question those limits and start building a new mindset for entrepreneurs.
Join us for an insightful discussion that promises to enlighten and inspire, offering practical advice for any business owner looking to make 2024 their most successful year yet. Tune in to start transforming the way you think about your business and yourself.
 
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

70 \\ Passive Loss Tax Strategies: Smart CPA Advice for Real Estate Investors

In this insightful episode of our podcast, Tiffany, a seasoned financial expert, delves into the world of real estate investment, offering invaluable advice for investors grappling with passive losses and seeking tax deductions. Focusing on strategies that enable investors to capitalize on these losses, Tiffany shares her expertise in navigating the often-overlooked aspects of real estate taxation. Whether you're a new investor struggling to qualify as a real estate professional or a seasoned one looking to optimize your tax benefits, this episode is a treasure trove of tips and tricks. Learn about the critical role of passive income streams, the smart utilization of business ownership structures, and other lesser-known tactics to turn your real estate endeavors into profitable ventures. If you're looking to make the most out of your investments and gain financial clarity in the complex world of real estate taxes, this episode is a must-listen!
In this episode of the Small Business Finance podcast, Tiffany explains how real estate investors can finally use their passive losses to lower taxes. If you earn too much to deduct those losses, you’ll learn a practical tax strategy that changes everything. Tiffany walks through how passive income from a spouse’s minority ownership in your business—or investing in another profitable business—can be used to offset passive real estate losses. You’ll also hear why these losses matter, how to structure ownership, and the key rules to avoid IRS trouble. Whether you are new to rental properties or already building a portfolio, this episode delivers clear CPA tax advice and small business finance insights to help you create a smart plan for tax savings.
 
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

69 \\ Tax Planning Secrets: Smart Strategies to Reduce Business Taxes

Are you paying more in taxes than you should? In this episode, Tiffany explains how small business owners can take control of their taxes through smart tax planning instead of last-minute panic. Learn the difference between simple compliance and proactive tax strategies that save real money. Tiffany covers how tax advisory services work, what deductions and tax savings you may be missing, why choosing the right business structure matters, and how quarterly planning prevents costly surprises. She also shares ways to optimize retirement plans, take advantage of tax laws, and protect your assets. If you’ve been searching for ways to reduce your tax bill legally and ethically, this episode gives you the clarity and steps to make confident money decisions for your small business. 📈💰🔍
 
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

68 \\ 5 Financial Habits Every Small Business Needs to Start 2024 Strong

Want to start 2024 with clarity and control over your business finances? In this episode, Tiffany shares five key steps every business owner should take to set up for success this year. You’ll learn why separating personal and business expenses matters, how to track income and expenses (even with a simple spreadsheet), the right way to handle receipts and invoices, and how to review your numbers every month so you can make smarter decisions. Tiffany also talks about avoiding common mistakes like commingling funds and ignoring your monthly close. These simple but powerful strategies will help you grow your small business, plan for tax season, and feel confident about your financial future. 🌟💼📊
 
Listen:
🎧 Episode # 66 - From Business to Bank: Your Guide to Extracting Profits from Your Small Business
 
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

67 \\ 4 Toxic Habits Keeping You Broke (and How to Fix Them in 2024)

What you say and think about money directly impacts your results. In this episode, Tiffany shares four hidden habits that sabotage your finances and success—and how to stop them in 2024. From the negative things you say about other people’s success, to toxic thoughts about yourself, she explains why these patterns hold you back from financial growth. You’ll learn how to rewire your thinking, use positive language, and build a stronger money mindset that supports your goals. These shifts will help you close more deals, hit bigger revenue targets, and finally break out of self-sabotage. If you’re serious about business growth and want to take control of your financial mindset, this episode is a must-listen. 🌟💼💰
 
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

66 \\ How to Pay Yourself: Smart Strategies for Small Business Finance

If you’ve been wondering how to pay yourself from your small business, this episode will clear it up. Tiffany breaks down exactly how to move money from your business to your personal account the right way. You’ll learn the key differences between an LLC, S Corporation, partnership, and C Corporation when it comes to paying yourself, plus why keeping business and personal finances separate matters. Tiffany also explains terms like owner’s draw, distributions, and reasonable compensation in plain English. Whether you’re new to small business finance or want better tax strategies, this episode gives you practical steps and smart strategies to manage your income, avoid IRS headaches, and protect your personal assets. Perfect for female entrepreneurs who want confidence and clarity with money decisions.
 
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

65 \\ Home Office Tax Deduction Myths: 5 Truths Every Small Business Owner Needs

Is the home office tax deduction a red flag for the IRS? In this episode, Tiffany tackles the top 5 myths about home office deductions that intimidate small business owners and freelancers. You’ll learn why using this deduction won’t automatically trigger an audit, why you don’t need a full-time business to qualify, and how even a small dedicated space can save you money. Tiffany explains the difference between rules and fear tactics, shows you how to keep your paperwork clean, and why this tax strategy can put thousands back in your pocket. If you’ve been avoiding this deduction because of bad cpa advice, tune in for clarity, confidence, and smart strategies to lower your small business tax bill.
 
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

64 \\ 2024 Business Goals: How to Plan, Focus, and Actually Hit Your Targets

Planning for 2024? In this episode, Tiffany breaks down exactly how to set realistic, impactful business goals that actually get done. Learn how to choose 1–3 clear goals, why fewer goals lead to more success, and how to break big targets like revenue growth and passive income into actionable steps. Tiffany shares her own 2024 plans, including a 56% revenue growth target and launching new passive income streams, and explains how she structures checkpoints, weekly tasks, and quarterly reviews to stay on track. Whether you want to increase small business revenue, improve your business strategy, or add new income streams, this episode will help you set clear goals and execute them 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

63 \\ How to Use Personal vs. Business Credit Safely for Cash Flow and Tax Savings

In this episode, Tiffany answers a listener’s question about financing a new franchise: should you use personal credit or business credit for vehicles and operating expenses? She explains how to structure loans between yourself and your business, when to formalize a promissory note, how to reimburse yourself properly, and why building business credit early can save you headaches. Tiffany also warns about the tax pitfalls of using personal funds without documentation and offers practical ways to protect your credit score while keeping clean books. If you’re unsure how to manage cash flow without triggering tax issues, this episode will give you clear steps and smart strategies to handle financing the right way.
 
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