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 Sep 09, 2024
Monday Sep 09, 2024
Have you ever thought your dentist and tax preparer could have something in common? In this episode, I share a surprising realization I had during my recent dentist visit. We’ll dive into the big difference between quick, volume-based services and those that offer a personalized, advisor-level experience.
I’ll walk you through my son’s speedy dental appointment versus my own eye-opening visit to a specialized dentist who took the time to educate and care for me in a whole new way. This got me thinking about how many of us choose tax preparers who rush through our returns, missing key strategies that could save us money.
Tune in to hear why the right advisor matters—whether it’s for your teeth or your taxes—and how working with someone who truly cares can make all the difference. Don't miss this episode; it might just change the way you look at your service providers!
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 05, 2024
Thursday Sep 05, 2024
Are you a business owner who feels like you’re paying too much in taxes? You’re not alone! In this episode, we dive into why millions of business owners are overpaying the IRS every year—and what you can do to stop. We’ll discuss common mistakes like only talking to your CPA once a year, missing out on proactive tax planning, and getting outdated advice.
You’ll learn why having the right tax advisor on your side can save you thousands of dollars. Discover how simple changes to your business structure and tax strategy can help you keep more of your hard-earned money. If you’re tired of making unwanted “donations” to the IRS, this episode is for you.
Tune in to find out if you’re overpaying and get the tips you need to pay the right amount in taxes—no more, no less. Don’t wait—let’s start saving 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 --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
Monday Sep 02, 2024
Monday Sep 02, 2024
Are you running a side business to escape your full-time job? The IRS has strict rules about what counts as a real business and what’s just a hobby—and getting it wrong can cost you big time! In this episode, we dive into the 9-point IRS test that decides whether your side gig is legit or just a fun pastime.
You'll learn why it’s so important to prove your business is real, especially if you’re losing money. We’ll cover tips on keeping records, creating a business plan, and why you need to separate your business and personal finances. Plus, I’ll share real advice on how to stay on the right side of the IRS and avoid getting into trouble.
Don’t let your hard work go to waste—tune in to make sure your side hustle is set up for success and recognized as a real business!
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 Aug 29, 2024
Thursday Aug 29, 2024
Hiring new employees is a big step, but did you know it can also save you money on your taxes? In this episode, we dive into the Work Opportunity Tax Credit—a little-known but powerful federal program that rewards businesses for hiring employees from certain targeted groups, like veterans, long-term unemployed, and more. We’ll break down how this credit works, who qualifies, and how you can claim it to reduce your tax bill by thousands of dollars per employee.
Plus, you’ll learn why this credit is a win-win, helping you save money while giving someone in need a chance at a job. If you’re a business owner looking to hire, you don’t want to miss this valuable tip that could put money back in your pocket.
Tune in to discover how to take advantage of this incredible tax benefit!
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 Aug 26, 2024
Monday Aug 26, 2024
Deciding whether to lease or buy equipment or a vehicle for your business can be tricky, but it's a choice that can greatly impact your cash flow and taxes. In this episode, we break down the pros and cons of both leasing and buying, helping you make the best decision for your business.
You'll learn about the tax benefits, upfront costs, and long-term implications of each option. Whether you’re a small business owner trying to decide on a new vehicle or considering a big equipment purchase, this episode will give you the insights you need.
Tune in to get clear, easy-to-understand advice that will help you save money and make smarter financial decisions for your business!
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 Aug 22, 2024
Thursday Aug 22, 2024
In this episode, we're diving deep into the world of depreciation and how it can help you save big on your taxes as a business owner. We’ll break down what depreciation is, the different types you should know about, and the smartest ways to use it to your advantage.
Whether you're buying new equipment, considering Section 179, or exploring bonus depreciation, we'll guide you on making the best decisions for your business. Plus, we’ll share tips on timing your purchases and managing cash flow to maximize your tax deductions.
If you're looking to make the most out of your assets and reduce your tax bill, this episode is a must-listen!
Listen:
🎧 Episode # 37 - Section 179 Depreciation: Traps to Avoid
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 Aug 19, 2024
Monday Aug 19, 2024
In this episode, I reveal a shocking statistic: Over 23 million small businesses are overpaying on their taxes simply because they're not structured properly. If you're a business owner, there's a good chance you're one of them! I break down the common mistakes that lead to these costly overpayments and show you how to fix them.
From choosing the right business entity to optimizing your payroll and deductions, I’ll guide you through the steps to save thousands of dollars every year. If you're ready to stop giving the IRS more money than you need to, this episode is a must-listen!
Tune in to learn how to take control of your taxes and keep more of what you earn. Plus, find out how to book a free discovery call to see where you might be overpaying.
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 Aug 15, 2024
Thursday Aug 15, 2024
In this episode, we dive into the key components of analyzing your business profits to help you make more money and grow your success. We'll walk you through five important areas every business owner should focus on: understanding your revenue streams, breaking down costs, analyzing profit margins, calculating your break-even point, and evaluating customer profitability.
With simple tips and real-life examples, you'll learn how to dig into your financials, spot hidden opportunities, and make smart adjustments to boost your bottom line. Whether you're new to business or looking to sharpen your skills, this episode will give you the tools you need to make sure you're as profitable as possible.
Tune in to learn how to maximize your earnings and take your business to the next level!
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 Aug 12, 2024
Monday Aug 12, 2024
In this episode, we dive into what to do when you’re faced with a big financial event, like selling a business or real estate, and want to reduce your taxes. These are unique situations that don’t happen often, so it’s easy to get overwhelmed.
But don’t worry—I’ve got you covered! I’ll share 7 smart strategies to help you keep more of your money and pay less in taxes. From planning ahead and knowing when to sell, to smart investments and gifting assets, I’ll walk you through it all. Whether you’re already in the process or just starting to think about it, these tips will help you make the best decisions for your financial future.
Tune in, and let’s make sure you’re set up for success!
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 Aug 08, 2024
Thursday Aug 08, 2024
In this episode, we dive into a crucial topic for business owners: how to know if your CPA is really helping you save on taxes. I’ll share three key signs that could indicate you're overpaying the IRS and not getting the most out of your tax strategy.
We'll discuss how to spot if your CPA isn’t open to new ideas, why it’s a red flag if you only talk to them once a year, and what it means when they say paying a lot in taxes is a good thing. If any of these sound familiar, it might be time to rethink your approach.
Tune in to learn how to take control of your taxes and keep more of your hard-earned money!
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