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: 💰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 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:
💰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 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!
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 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.
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 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.
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 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:
💰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 Aug 05, 2024
Monday Aug 05, 2024
In this episode, we're diving deep into the world of cash flow management for small business owners. Cash is king, and it’s the lifeblood of your business. We'll explore why understanding your cash flow is crucial for growth and peace of mind.
Whether you’re in the green or struggling with cash flow, this episode will help you gain control and sleep better at night. We'll cover practical tips for speeding up cash inflows, cutting unnecessary expenses, and creating a solid cash cushion. Plus, you'll learn how to diversify your revenue streams and avoid common cash flow mistakes.
If you're ready to take your business finances to the next level, this episode is a must-listen! Tune in to discover how to keep your business thriving with smart cash flow management.
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 Aug 01, 2024
Thursday Aug 01, 2024
Struggling with cash flow can be one of the hardest parts of running a business. In this episode, we dive into the stress of managing money and the smart ways to handle it. Learn why having business credit can be a game-changer and how to use it wisely.
I share my own story of starting a business, getting into debt, and climbing out of it. We’ll talk about different types of business loans and credit cards, and how they can help you grow your business faster.
Tune in for tips on using debt smartly, avoiding pitfalls, and building strong financial habits for success.
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 Jul 29, 2024
Monday Jul 29, 2024
Welcome to today’s episode! We’re diving into a super important topic for business owners: bookkeeping. If keeping track of your finances feels like a chore, don’t worry—we’ve got you covered. We’ll share five reasons why good bookkeeping is essential and break down the basics to keep your business on track.
From separating business and personal finances to picking the right bookkeeping system, you’ll learn practical tips to manage your money better. We’ll also discuss common mistakes to avoid and why regular financial check-ups are a must.
Whether you love baking cakes or running sales funnels, knowing your numbers is key to success. Tune in and find out how to make your finances sing in harmony, just like a well-baked cake! Don’t miss this episode—your business will thank 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 Jul 25, 2024
Thursday Jul 25, 2024
In this episode, I share a big shift in my mindset that I've been working on for over a year and a half. It's been a tough journey, but I finally see the results of my hard work. I'll talk about how these changes have made my business and life better, even when things got really hard.
You'll hear about a recent experience that tested my patience and mindset but showed me how much I've grown. Whether you're going through a tough time in your business or just need a bit of hope and encouragement, this episode is for you. Let's dive into the ups and downs, and find the joy and lessons in the challenges we face as 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
Monday Jul 22, 2024
Monday Jul 22, 2024
In this episode, we uncover big changes in the accounting world that could affect your business. Discover why many CPAs are retiring and how the shortage of new accountants is causing problems.
We talk about the rise of AI in accounting and how it might change your relationship with your CPA. Learn about the challenges of hiring skilled accountants and why smaller firms are struggling. Get tips on what to look for in a good CPA and how they can help your business grow.
Don't miss out on these important insights that can help you stay ahead and keep your business strong!
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