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
Wednesday Dec 07, 2022
Wednesday Dec 07, 2022
Confused about how much to pay yourself as an S Corp owner? In this episode, we break down the IRS reasonable compensation rules so you can avoid penalties and audits. You’ll learn how to calculate a fair salary, the difference between draws and payroll, and why paying yourself too little can cost you big later. Using a listener’s question as a real-world example, we explain how to decide on your own pay, what factors the IRS looks at (industry, profit, hours worked, location), and why timing your paychecks can be flexible. If you’re growing a side hustle or a small business, this episode gives you actionable cpa advice, tax strategies, and tax planning insights to protect your business and keep your taxes in check.
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
Wednesday Nov 30, 2022
Wednesday Nov 30, 2022
If your side hustle or small business is losing money, you need to know how to stay out of trouble with the IRS. In this episode, we explain the hobby loss rules and how the IRS decides if your business is legitimate or just a hobby. You’ll learn how to document your business, the two safe harbor tests, and practical steps that help prove you are running a for-profit business. Using real-life case studies, we show you how business owners fought the IRS and won by keeping records, hiring experts, and making strategic decisions. If you’re transitioning from side hustle to full-time business, this episode gives you clear cpa advice, tax strategies, and tax planning steps to reduce risk, protect your deductions, and avoid an IRS audit.
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
Wednesday Nov 23, 2022
Wednesday Nov 23, 2022
Are you struggling to keep up with your business finances? In this episode, we talk about why QuickBooks isn’t always the best answer and when a simple spreadsheet can be a smarter solution. You’ll learn how to decide if QuickBooks is right for you based on your revenue and transaction volume, why so many small business owners feel overwhelmed by accounting software, and how a simplified system can help you take control of your business finance without stress. We also cover how to track expenses and revenue the right way, what numbers really matter for good money decisions, and how to know when it’s time to upgrade your system. If you want cpa advice, finance advice, and smart strategies to gain clarity and confidence with your business money, this episode is for 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
Wednesday Nov 16, 2022
Wednesday Nov 16, 2022
Need to lower your tax bill before the year ends? This episode gives you three practical and legal tax strategies you can still use for 2022. Learn how paying your kids through your business can reduce your taxes, why marital status can impact your tax return, and how gifting appreciated stock can save you and your family thousands in taxes. We break down the details of each tax strategy, what documentation is needed, and who benefits most. These last-minute cpa tips and tax planning insights can make a big difference to your small business tax situation. Don’t wait—find out how to take action now and start using these strategies to keep more money in your pocket before the year closes.
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
Wednesday Nov 09, 2022
Wednesday Nov 09, 2022
If your LLC or small business is showing losses, you need to know how to protect yourself from IRS scrutiny. In this episode, we break down the IRS hobby loss rules and explain what steps you must take to prove you are running a legitimate business. Learn about the safe harbor tests, the records you need to keep, and the red flags that trigger audits. Using real-world case studies, we show how business owners beat the IRS by documenting their operations, separating business accounts, hiring experts, and dedicating time to their business. If you’re in your first years of running a business and worried about an audit, this episode gives you clear cpa advice, tax strategies, and tax planning tips to keep your deductions safe and make sure your business is seen as for-profit, not a hobby.
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
Wednesday Nov 02, 2022
Wednesday Nov 02, 2022
Confused about 1099s? You’re not alone. In this episode, we break down what business owners need to know about 1099 NECs—who needs to receive one, how to collect W-9s, and why misclassifying employees as contractors can cost you. Learn the rules for payments over $600, when to issue a 1099 NEC versus 1099 MISC, how international contractors and payment platforms like PayPal affect reporting, and why missing deadlines can lead to big IRS fines. We also cover smart record-keeping practices and how to protect your deductions in case of an audit. If you want practical cpa advice and tax tips to make 1099s simple and avoid IRS penalties, this episode is a must-listen for small business owners.
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
Wednesday Oct 26, 2022
Wednesday Oct 26, 2022
In this episode of the Small Business Finance podcast, Tiffany answers listener questions on some of the most confusing parts of running a business. She explains how sales tax reporting really works when you haven’t made any sales, why states send out unexpected bills, and what to do to avoid penalties. Tiffany also breaks down the differences between health insurance and health sharing programs, how these affect your taxes as a partnership or S-corp, and how to correctly handle deductions. Finally, she covers why every business owner needs an operating agreement and the right type of bank account to keep personal and business finances separate. This episode is full of practical cpa advice, tax tips, and money decisions that every entrepreneur needs to hear to stay on track.
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
Wednesday Oct 19, 2022
Wednesday Oct 19, 2022
Your money mindset might be the biggest thing holding your business back. In this episode, we dig into the mental blocks that stop entrepreneurs from growing, closing more sales, and hitting the next level. You’ll learn how to build confidence in your offer, why desperation repels clients, and how to handle “no” without letting it derail your momentum. We talk through the importance of objection handling, developing a clear sales process, and why saying no to the wrong clients can be as powerful as a yes from the right ones. If you’re struggling to grow your revenue or land high-value clients, this episode gives you practical mindset shifts and strategies to help you sell with confidence and break free from limiting beliefs.
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
Wednesday Oct 12, 2022
Wednesday Oct 12, 2022
Struggling with bookkeeping? This episode breaks down when it’s time to stop doing it yourself and hire help. Learn how small business owners can decide whether to use Excel, outsource, or hire a bookkeeper. You’ll hear why understanding your own accounting matters, how to tell if your bookkeeper is doing a good job, and the simple reports you need to review each month. We also cover when outsourcing bookkeeping makes financial sense and how good accounting can impact small business finance and growth. If bookkeeping is taking time away from growing your business, this episode is for 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
Wednesday Oct 05, 2022
Wednesday Oct 05, 2022
Not sure how much money should sit in your business bank account? This episode breaks it down step by step. You’ll learn how to calculate your monthly expenses, how to plan for future growth, and why keeping three to six months of cash reserves is critical for small business finance. We cover how to read your profit and loss statement, what to track every month, and how to avoid draining your account without a plan. If you’ve ever stressed about payroll, unexpected expenses, or how to balance saving and reinvesting, this is the finance advice you need to protect your business and make smart 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