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

Tiffany Phillips, CPA & Small Business Tax Strategist
  • 4.9 (181)
  • Entrepreneurship
  • Updated Weekly

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

  1. 1d ago

    450 \\ How S Corp Owners Shift $67K to Save $20,100 Before Year End

    A lower tax bill can still leave your business short on cash. In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, walks through a hypothetical S corp example involving $67,000 in year-end decisions. Using an assumed 30% rate, she shows how moving collections, paying eligible bills, and reimbursing business expenses could reduce this year’s estimated income tax by $20,100. That doesn’t mean the tax disappears forever. You’ll also learn why extra owner payroll needs a closer look, why calling a payment a “deposit” doesn’t decide its tax treatment, and which retirement and equipment deadlines matter. These tax planning and business finance lessons help you make smart money decisions while protecting January payroll and tax reserves. For more on planning throughout the year, explore Tiffany’s book, Your Biggest Expense, linked in the episode description. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Do you want some help with your tax strategy? Comment “STRATEGY” and I’ll reach out.

  2. 4d ago

    449 \\ Why Good Income Still Overpays Taxes, and How Documented Family Hiring Fixes It

    Are your kids helping in your business while you pay their spending money from your own pocket? You could be missing a chance for tax savings. Tiffany Phillips, CPA and tax strategist, explains how to pay family members for real work, set fair wages, and keep the right records. Learn why your business structure and your child’s age affect payroll taxes, how wages can support a Roth IRA, and why hiring your spouse has different benefits. Through two clear examples, Tiffany walks through small business tax planning and explains when a family management company may help. You’ll leave knowing what to check before putting family on payroll and how to avoid costly mistakes. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Want help with a perfect strategy for keeping more with your family? Comment ‘KEEP’ and I’ll point you in the right direction.

  3. 6d ago

    448 \\ 5 December Cash Mistakes Cost S Corp Owners $20,100 in Taxes

    A full business bank account feels good. But your December cash decisions can affect your tax bill. In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, explains five year-end choices S corp owners should review: collecting invoices, paying bills, taking owner distributions, accepting customer advances, and reimbursing business expenses. Follow an example showing how timing $67,000 in income and deductions could reduce this year’s tax by $20,100 at an assumed 30% rate. Learn why holding a check until January doesn’t move the income, why distributions don’t lower profit, and why tax planning should cover both years. Get practical tax tips and business finance guidance to help protect cash flow. For the broader planning framework, explore Tiffany’s book, Your Biggest Expense, linked in the episode description. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Do you want some help with planning the perfect tax calendar? Comment “STRATEGY” and I’ll get you some more information!

  4. Oct 19

    447 \\ Rental Owners: Defer $37,700 Tax With a 1031 Exchange on a $400K Sale

    Selling a rental could leave you with a bigger tax bill than you expect. A 1031 exchange may help you postpone that bill and keep more money invested, but the planning starts before closing. Tiffany Phillips, CPA and tax strategist, walks through Travis’s $400,000 rental sale and explains the deadlines, property rules, and cash decisions that shape an exchange. You’ll also hear why Kelly’s $30,000 withdrawal creates taxable gain and how cost segregation can add another tax layer. Get clear tax planning steps, understand how these tax strategies work, and learn why tax savings depend on more than buying another property. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Do you want some help with your 1031 exchange strategy? Comment “KEEP” and I’ll get you some more information!

  5. Oct 16

    446 \\ Bank Said No Despite Good Profit? How Rental Planning Wins the Next Yes

    Can a rental property help you keep more money and qualify for a business loan? It depends on the full picture. In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, explains how rental cash flow, depreciation, debt, and reserves work together. Through hypothetical examples featuring Dan and Joyce, you’ll learn why higher income doesn’t always lead to better loan terms, why a tax loss isn’t the same as a cash loss, and why rental losses may not lower your business taxes. Get clear cpa advice to strengthen your tax planning, business finance, and money decisions before buying. For more planning guidance, get Tiffany’s book, Your Biggest Expense Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Want help with a perfect strategy for maximizing your goals with a rental property? Comment ‘STRATEGY’ and I’ll point you in the right direction.

  6. Oct 14

    445 \\ Depreciation Recapture on Rentals: What You Actually Keep

    Selling a rental for $100,000 more than you paid could create nearly $191,000 of taxable gain. How? Depreciation changes the math. In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, explains how rental deductions affect your tax bill when you sell. Follow two simple examples to see why similar sales can produce different results. Learn why 25% is a maximum rate, how cost segregation can change the picture, and when unused rental losses may help. You’ll also hear what a 1031 exchange can defer, why your mortgage payoff affects cash differently than taxes, and when estimated payments may be needed. Get practical CPA advice and tax planning questions to review before you list. For more tax strategies, explore Tiffany’s book, Your Biggest Expense, linked in the description. 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Are you holding a rental long term, or are you thinking about selling in the next twelve months? Comment “RECAPTURE” and I’ll get you some more information!

  7. Oct 12

    444 \\ $8,750 HSA Deduction Business Owners Miss: S Corp Rules Explained

    Could your health plan help you keep more of what you earn? Tiffany Phillips, CPA and tax strategist, explains how an HSA can offer a deduction, tax-free growth, and federally tax-free spending on qualified medical care. Learn who qualifies in 2026, how the family limits work, and what S corp owners need to get right. Two business-owner examples show how age, coverage, and reporting affect contributions. You’ll also hear how to save receipts for future reimbursements, avoid Medicare timing mistakes, and compare health plans before switching. These tax strategies and tax planning steps can help you find tax savings while protecting your cash flow. For more ways to plan ahead, find Tiffany’s book, Your Biggest Expense, through the link in the episode description. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉if you want me to help you with figuring out how to handle your HSA for the best results - comment “STRATEGY” and I’ll get you some more information!

  8. Oct 9

    443 \\ 3 Tax Mistakes Costing Business Owners Thousands in IRS Penalties

    Tax worries can follow you home after a long workday. In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, explains three mistakes that can hurt your cash flow: treating workers incorrectly, missing expense records, and falling behind on estimated tax payments. Through simple teaching examples, you’ll learn why a contractor agreement doesn’t settle worker status, what records help support a deduction, and why payment timing matters. Tiffany also explains how safe harbor can help with penalties while leaving a tax balance to plan for. Get practical tax tips, clear CPA advice, and simple tax planning steps you can discuss with your tax professional. Start with one habit and build from there. Follow the show for more business finance guidance. Find Tiffany’s book, Your Biggest Expense, in the show notes. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉if you want to learn more about avoiding costly tax mistakes, comment “KEEP” and I’ll get you some more information!

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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

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