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
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Episodes
Thursday May 30, 2024
Thursday May 30, 2024
In this episode, we uncover the tax secrets that could save you thousands of dollars! Your CPA might be missing crucial deductions that can reduce your tax bill.
We dive into real-life case studies to show you what to look for on your own tax return. Learn how one client saved $37,000 by making smart adjustments and another avoided losing $111,000 by fixing mistakes. Discover the importance of regular conversations with your CPA and how to ask the right questions.
Don't miss these valuable tips to ensure you're not overpaying on your taxes!
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 May 27, 2024
Monday May 27, 2024
In this episode, we dive into a smart way to save on taxes by paying your kids for legitimate work in your business. Learn the right and wrong ways to do this, from tracking their hours to giving them age-appropriate tasks.
We’ll cover everything from simple chores like taking out the trash to more skilled work like video editing. Discover how to make sure you're following IRS rules so you can avoid penalties and get the most tax benefits. Plus, get tips on how to find the right pay rates and set your kids up for success.
Tune in to learn how to save money and teach your kids valuable skills!
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 May 23, 2024
Thursday May 23, 2024
In this episode, we dive into the world of tax planning and help you figure out if it's the right time for you to start. We'll explain the difference between tax preparation and tax reduction, and why they matter.
Learn the key signs that show you're ready to start saving on taxes and discover some simple strategies to keep more of your hard-earned money. Whether you're a new business owner or have been in the game for years, this episode will give you the insights you need to make smart financial decisions.
Tune in and take control of your taxes 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 May 20, 2024
Monday May 20, 2024
In this episode, we dive deep into the Qualified Business Income (QBI) deduction, a special tax break for business owners. Introduced in 2018, QBI lets you cut your income by 20% on your taxes if you meet certain rules.
We'll break down these rules, explore who qualifies, and share some smart tips for high earners to make the most of this deduction. Whether you're running a big business or just starting out, you'll learn how to use QBI to lower your taxes effectively.
Tune in to find out how to navigate the tricky parts of this tax benefit and boost your financial strategy. Don't miss out on these valuable insights that could save you a lot on taxes!
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 May 16, 2024
Thursday May 16, 2024
In this episode, we dive into a common issue many professionals face: managing 1099 income when you have an S corporation. If you're getting paid personally instead of through your business, it can lead to big headaches with the IRS.
We'll cover the best practices to ensure your earnings are properly accounted for and discuss strategies to avoid audits. Whether you're a real estate agent, financial advisor, or a social media influencer like one of our clients, we've got actionable tips to help you streamline your finances.
Tune in to learn how to align your 1099 income with your S corporation correctly and keep your tax obligations clear and straightforward. Don't miss out on these essential insights to protect yourself and keep your business thriving!
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 May 13, 2024
Monday May 13, 2024
In this episode, we dive into seven powerful ways to lower your taxes through smart investments that the IRS actually likes! If you're a business owner, you'll discover some amazing tools to not only reduce what you owe in taxes but also to boost your overall wealth.
Some of these methods might be new to you, and they are pretty exciting! We'll explore everything from traditional IRAs to lesser-known investments in oil and gas. Whether you're just starting out or looking to expand your financial savvy, this episode is packed with valuable tips to help you keep more of your hard-earned money and grow it wisely.
Tune in to learn how to make your money work better for you and achieve greater financial freedom.
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 May 09, 2024
Thursday May 09, 2024
In this episode, we dive into the crucial difference between legally reducing your taxes and the risky world of tax evasion. Ever wonder if the ways you’re saving on taxes are actually okay? We’ll clear up the confusion with expert insights on what's safe and legal. We’ll talk about common mistakes people make, how to avoid them, and the right questions to ask your tax preparer. Join us as we learn how to keep more money in your pocket while staying on the right side of the law. Don’t miss this essential guide to smart, legal tax savings!
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
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Monday May 06, 2024
Monday May 06, 2024
Welcome to a brand-new episode where we dive into what happens when you inherit something like a house, land, or investments. It’s a topic that many find confusing, especially when it comes to taxes. But don't worry, it's not as daunting as it seems!
We’ll discuss simple ways to handle inherited assets without getting stressed about taxes. You'll learn about the “step-up in basis” and how it can help reduce or eliminate your tax bill. Plus, we'll explore some smart planning strategies to keep in mind, such as different types of trusts.
This episode is packed with practical advice to help you confidently manage any assets you might inherit. Tune in to clear up the confusion and learn how to handle your new wealth wisely!
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 May 02, 2024
Thursday May 02, 2024
In this episode, join us as we dive into the powerful world of delegation and time management for busy business owners. Learn how to free up your schedule and grow your business by handing off tasks to others.
Discover practical tips on what to delegate and how to effectively use your team to take some weight off your shoulders. Whether it's hiring a virtual assistant or learning to trust your current team more, we'll guide you through the steps to take back hundreds of hours each year.
Tune in to find out how to make your work life smoother and more enjoyable, all while boosting your business's growth. Don't miss out on these game-changing strategies!
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 Apr 29, 2024
Monday Apr 29, 2024
In this episode, we dive into the exciting world of buying a business! Join us as we explore a real-life story of a client who is currently in the process of acquiring a business. We'll share insights on making sure it's a good purchase, discuss some challenges they've faced, and offer tips on avoiding common pitfalls. Whether you're thinking about adding to your income or starting your own venture, this episode is packed with valuable advice to guide you through the business buying process. Tune in to learn how to make your business acquisition successful and straightforward. Don't miss out on these essential tips for future business owners!
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