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

Tiffany Phillips, CPA & Small Business Tax Strategist

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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414 episodes
Updated Friday

Episodes414

Newest first

Jan 25, 2024 · 13 min
73 \\ 2024 Business Tax Strategies: Stop Overpaying and Keep More of Your Profits
Are you sending too much money to the IRS every year? In this episode, Tiffany explains why most business owners overpay in taxes and how to fix it in 2024. You’ll learn the four most common reasons companies waste money on taxes, including poor planning, bad entity choices, lack of tax strategies, and working with the wrong CPA. Tiffany also highlights the difference between reactive and proactive tax planning and why specialized cpa advice matters. If you own a small business or have a side hustle and pay significant taxes, this episode gives you a roadmap to tax reduction, smart strategies, and better money decisions. It’s time to stop overpaying and start using the tax code to your advantage. 🌟💼📈 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
Jan 22, 2024 · 15 min
72 \\ 2024 Tax Relief Bill Explained: Key Changes for Families, Small Businesses, and R&D
A major tax bill is moving through Congress, and it could change your 2024 taxes in a big way. In this episode, Tiffany breaks down the Tax Relief for American Families and Workers Act of 2024 and explains how it affects small businesses, families, and entrepreneurs. You’ll learn about expanded child tax credits, bonus depreciation changes, Section 179 limits, new R&D rules, disaster relief deductions, and updated 1099 reporting thresholds. Tiffany also covers why staying informed about tax law changes is essential for tax planning and smarter business finance decisions. If you’re serious about tax reduction, proactive strategies, and protecting your profits, grab your coffee and get the insights you need before these new rules take effect. 🌟💼📈 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
Jan 18, 2024 · 15 min
71 \\ 2024 Business Success: Rewrite Limiting Rules and Shift Your Money Mindset
What invisible rules are holding you back from reaching your goals this year? In this episode, Tiffany opens up about mindset blocks that limit growth in business and life—and how she’s actively rewriting those “rules” in 2024. From hiring decisions to revenue goals, she explains how unchecked beliefs can sabotage success and how reframing them leads to real change. You’ll learn why mindset is as critical as strategy for small business finance, and how breaking old patterns can open up opportunities for growth. If you’ve ever thought “I can’t do that,” this episode will help you question those limits and start building a new mindset for entrepreneurs. Join us for an insightful discussion that promises to enlighten and inspire, offering practical advice for any business owner looking to make 2024 their most successful year yet. Tune in to start transforming the way you think about your business and yourself. 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
Jan 15, 2024 · 14 min
70 \\ Passive Loss Tax Strategies: Smart CPA Advice for Real Estate Investors
In this insightful episode of our podcast, Tiffany, a seasoned financial expert, delves into the world of real estate investment, offering invaluable advice for investors grappling with passive losses and seeking tax deductions. Focusing on strategies that enable investors to capitalize on these losses, Tiffany shares her expertise in navigating the often-overlooked aspects of real estate taxation. Whether you're a new investor struggling to qualify as a real estate professional or a seasoned one looking to optimize your tax benefits, this episode is a treasure trove of tips and tricks. Learn about the critical role of passive income streams, the smart utilization of business ownership structures, and other lesser-known tactics to turn your real estate endeavors into profitable ventures. If you're looking to make the most out of your investments and gain financial clarity in the complex world of real estate taxes, this episode is a must-listen! In this episode of the Small Business Finance podcast, Tiffany explains how real estate investors can finally use their passive losses to lower taxes. If you earn too much to deduct those losses, you’ll learn a practical tax strategy that changes everything. Tiffany walks through how passive income from a spouse’s minority ownership in your business—or investing in another profitable business—can be used to offset passive real estate losses. You’ll also hear why these losses matter, how to structure ownership, and the key rules to avoid IRS trouble. Whether you are new to rental properties or already building a portfolio, this episode delivers clear CPA tax advice and small business finance insights to help you create a smart plan for tax savings. 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
Jan 11, 2024 · 19 min
69 \\ Tax Planning Secrets: Smart Strategies to Reduce Business Taxes
Are you paying more in taxes than you should? In this episode, Tiffany explains how small business owners can take control of their taxes through smart tax planning instead of last-minute panic. Learn the difference between simple compliance and proactive tax strategies that save real money. Tiffany covers how tax advisory services work, what deductions and tax savings you may be missing, why choosing the right business structure matters, and how quarterly planning prevents costly surprises. She also shares ways to optimize retirement plans, take advantage of tax laws, and protect your assets. If you’ve been searching for ways to reduce your tax bill legally and ethically, this episode gives you the clarity and steps to make confident money decisions for your small business. 📈💰🔍 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
Jan 8, 2024 · 15 min
68 \\ 5 Financial Habits Every Small Business Needs to Start 2024 Strong
Want to start 2024 with clarity and control over your business finances? In this episode, Tiffany shares five key steps every business owner should take to set up for success this year. You’ll learn why separating personal and business expenses matters, how to track income and expenses (even with a simple spreadsheet), the right way to handle receipts and invoices, and how to review your numbers every month so you can make smarter decisions. Tiffany also talks about avoiding common mistakes like commingling funds and ignoring your monthly close. These simple but powerful strategies will help you grow your small business, plan for tax season, and feel confident about your financial future. 🌟💼📊 Listen: 🎧 Episode # 66 - From Business to Bank: Your Guide to Extracting Profits from Your Small Business 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
Jan 4, 2024 · 18 min
67 \\ 4 Toxic Habits Keeping You Broke (and How to Fix Them in 2024)
What you say and think about money directly impacts your results. In this episode, Tiffany shares four hidden habits that sabotage your finances and success—and how to stop them in 2024. From the negative things you say about other people’s success, to toxic thoughts about yourself, she explains why these patterns hold you back from financial growth. You’ll learn how to rewire your thinking, use positive language, and build a stronger money mindset that supports your goals. These shifts will help you close more deals, hit bigger revenue targets, and finally break out of self-sabotage. If you’re serious about business growth and want to take control of your financial mindset, 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
Jan 1, 2024 · 12 min
66 \\ How to Pay Yourself: Smart Strategies for Small Business Finance
If you’ve been wondering how to pay yourself from your small business, this episode will clear it up. Tiffany breaks down exactly how to move money from your business to your personal account the right way. You’ll learn the key differences between an LLC, S Corporation, partnership, and C Corporation when it comes to paying yourself, plus why keeping business and personal finances separate matters. Tiffany also explains terms like owner’s draw, distributions, and reasonable compensation in plain English. Whether you’re new to small business finance or want better tax strategies, this episode gives you practical steps and smart strategies to manage your income, avoid IRS headaches, and protect your personal assets. Perfect for female entrepreneurs who want confidence and clarity with 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
Dec 28, 2023 · 13 min
65 \\ Home Office Tax Deduction Myths: 5 Truths Every Small Business Owner Needs
Is the home office tax deduction a red flag for the IRS? In this episode, Tiffany tackles the top 5 myths about home office deductions that intimidate small business owners and freelancers. You’ll learn why using this deduction won’t automatically trigger an audit, why you don’t need a full-time business to qualify, and how even a small dedicated space can save you money. Tiffany explains the difference between rules and fear tactics, shows you how to keep your paperwork clean, and why this tax strategy can put thousands back in your pocket. If you’ve been avoiding this deduction because of bad cpa advice, tune in for clarity, confidence, and smart strategies to lower your small business tax bill. 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
Dec 25, 2023 · 21 min
64 \\ 2024 Business Goals: How to Plan, Focus, and Actually Hit Your Targets
Planning for 2024? In this episode, Tiffany breaks down exactly how to set realistic, impactful business goals that actually get done. Learn how to choose 1–3 clear goals, why fewer goals lead to more success, and how to break big targets like revenue growth and passive income into actionable steps. Tiffany shares her own 2024 plans, including a 56% revenue growth target and launching new passive income streams, and explains how she structures checkpoints, weekly tasks, and quarterly reviews to stay on track. Whether you want to increase small business revenue, improve your business strategy, or add new income streams, this episode will help you set clear goals and execute them with confidence. 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
Dec 21, 2023 · 12 min
63 \\ How to Use Personal vs. Business Credit Safely for Cash Flow and Tax Savings
In this episode, Tiffany answers a listener’s question about financing a new franchise: should you use personal credit or business credit for vehicles and operating expenses? She explains how to structure loans between yourself and your business, when to formalize a promissory note, how to reimburse yourself properly, and why building business credit early can save you headaches. Tiffany also warns about the tax pitfalls of using personal funds without documentation and offers practical ways to protect your credit score while keeping clean books. If you’re unsure how to manage cash flow without triggering tax issues, this episode will give you clear steps and smart strategies to handle financing the right way. 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
Dec 18, 2023 · 18 min
62 \\ 4 Money Mindset Blocks That Stop Small Business Owners from Reaching Goals (Part 2)
Struggling to hit your goals? Your money mindset may be the problem. In this episode, Tiffany dives deep into the hidden beliefs and habits that hold entrepreneurs back from financial success. She shares how to spot limiting money beliefs you picked up in childhood, why gratitude changes everything, and how to release your attachment to money so you can create abundance. Tiffany also explains how your behavior with vendors and payments directly impacts how clients treat you. If you’ve ever caught yourself thinking “money is hard to make” or “we can’t afford that,” this conversation will show you how to shift those thoughts and finally get out of your own way. These four mindset strategies can change your approach to business, money, and success in 2024. 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
Dec 14, 2023 · 16 min
61 \\ 4 Money Mindset Blocks That Stop Small Business Owners from Reaching Goals (Part 1)
Your thoughts about money may be limiting your business more than you realize. In this episode, Tiffany shares how she grew her CPA firm beyond seven figures by tackling money mindset issues head-on. She breaks down four critical shifts: getting comfortable with discomfort, using gratitude to change how you see money, recognizing and releasing limiting beliefs learned in childhood, and rewiring how you think about growth. Tiffany explains why money mindset directly affects revenue and growth, and why most small business owners never break through until they address these patterns. This is part one of a two-part series, so listen now and be ready for the next episode where she goes even deeper into breaking mental barriers and creating the right mindset for growth and financial 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
Dec 11, 2023 · 22 min
60 \\ 7 Last-Minute Tax Saving Tips Every Small Business Owner Should Know
Running out of time to cut your 2023 tax bill? In this episode, Tiffany shares seven smart, last-minute tax savings strategies that small business owners can still use before year-end. Learn how to prepay expenses, slow down invoicing, pay vendors early, and when it makes sense to buy equipment. Tiffany also covers how to leverage credit cards for deductions, why you shouldn’t be afraid to take legitimate write-offs, how a Roth IRA conversion can reduce future taxes, and how to use the 0% tax bracket with gifts or stock. These simple yet powerful tax strategies can help you legally reduce what you owe and keep more of your money in your pocket. Perfect for entrepreneurs who want actionable tax tips before the clock runs out. 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
Dec 7, 2023 · 20 min
59 \\ 3 Simple Ways to Reduce Stress and Finish the Year Strong
The end of the year can be chaotic for small business owners—holiday events, last-minute projects, and the pressure to wrap everything up before January. In this episode, Tiffany shares three practical strategies to help you manage stress and stay focused as you close out the year. Learn how to let go of perfection, prioritize self-care so you can show up better in business and life, and delegate tasks that are weighing you down. These simple but powerful adjustments can help you reset your energy, protect your time, and finish the year feeling productive instead of overwhelmed. 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
Nov 27, 2023 · 19 min
58 \\ Avoid IRS Trouble: Tax Tips and Documentation Every Small Business Needs
Are you ready if the IRS comes knocking? In this episode of the Small Business Finance podcast, Tiffany breaks down what documentation you need to avoid costly mistakes during an audit. Learn why bank statements alone aren’t enough, how to track receipts and invoices the right way, and the key details you must record for meals, entertainment, and deductions. She also explains what counts as documentary evidence, exceptions for small amounts, and how long to keep records. Whether you’re behind on your business tax tracking or just want to be prepared, this episode gives you simple tax tips to protect your small business. Stop guessing and start building confidence in your small business finance system so you can focus on growth instead of audits. 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
Nov 20, 2023 · 13 min
57 \\ Year-End Bookkeeping Tips: 3 Ways to Organize Your Small Business Finances
If you dread bookkeeping, this episode is for you. Tiffany shares three simple but powerful strategies to get your business finances organized before tax season. Learn how to move from piles of paper to digital systems, create an easy filing structure that works for you, and stay on top of receipts and records so tax time doesn’t feel overwhelming. She also explains how tools like QuickBooks Online, Dext, or even simple cloud folders can save you time and stress, and why keeping up with your finances weekly or monthly can make a huge difference in growing your small business. Get ahead of tax season and start the new year with clarity and control over your books. 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
Nov 16, 2023 · 15 min
56 \\ How to Pay Yourself From Your Business Without a Tax Headache
How do you take money out of your business without creating a tax mess? In this episode, Tiffany explains the right way to pay yourself as a small business owner. She covers when you should use distributions versus payroll, how to separate business and personal accounts to avoid IRS issues, and what entity types (LLC, partnership, S corp, C corp) require different approaches. You’ll also learn simple strategies to set aside money for self-employment taxes so you’re not caught off guard at year-end. If you’ve been unsure about how to move money from your business to your personal account, this episode breaks it down clearly and helps you avoid costly mistakes. 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
Nov 13, 2023 · 15 min
55 \\ Capital Gains, K-1s & Tax Planning Tips for Small Business Owners
In this episode, Tiffany answers listener questions about small business finance, health insurance, K-1s, and capital gains tax. Learn how pass-through entities like S-corps and partnerships work, why K-1 forms are critical for your tax return, and how to handle health insurance correctly on your W-2. Tiffany also breaks down capital gains tax, depreciation, and appreciation in plain English so you can understand how these factors affect your personal and business taxes. If you’re a small business owner looking for tax savings and smart strategies before year-end, this episode is packed with clear, practical cpa tax advice to help you take control of your business tax situation. 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
Nov 9, 2023 · 19 min
54 \\ 5 Tax Savings Strategies Every Small Business Owner Should Use
In this popular episode of the Small Business Finance podcast, Tiffany walks through five essential tax savings strategies every small business owner and entrepreneur should know. You’ll learn how to take advantage of business use of home deductions, the benefits of paying your kids legitimately through your business, and how to handle self-employed health insurance. Tiffany also explains how to make the most of startup and organizational costs and what counts as ordinary and necessary deductions so you can lower your business tax bill. If you’re ready to gain confidence in your small business finance and stop overpaying the IRS, this episode is packed with cpa tax advice, tax planning tips, and practical strategies you can start applying before year-end. 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