SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions

By: Tiffany Phillips - CPA Small Business Money Mentor Financial Expert
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  • Summary

  • 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
    Copyright 2024 All rights reserved.
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Episodes
  • 140 \\ Avoid an IRS Nightmare: How to Protect Your Business from the Biggest Audit Risk

    140 \\ Avoid an IRS Nightmare: How to Protect Your Business from the Biggest Audit Risk
    Sep 19 2024

    In this episode, we're diving into the number one audit risk that many small business owners unknowingly make—and it’s a mistake I see all the time! If your business earns less than $500,000 a year (or even more!), you might be at risk for an IRS audit without even realizing it. We’ll discuss why mixing personal and business finances is a big no-no, how it can lead to serious problems, and the simple steps you can take today to fix it.

    Plus, I’ll share tips on keeping your records clean, using easy-to-use software to track receipts, and how staying disciplined with your money can protect your business. Don't let an audit catch you off guard!

    Tune in to learn how to keep your finances in order, stay compliant, and avoid common pitfalls that could cost you big time. Let’s get your business audit-proof and running smoothly!

    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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    16 mins
  • 139 \\ Significance vs. Success: The Surprising Mindset Shift That Changed My Business

    139 \\ Significance vs. Success: The Surprising Mindset Shift That Changed My Business
    Sep 16 2024

    Are you the bottleneck in your own business? In this episode, we dive into the surprising thing that might be holding you back from growing your business. I’ll share a recent conversation with my business coach that opened my eyes to a personal need that was unknowingly keeping me stuck.

    We’ll talk about why it’s so hard to step away, even when you know you need a break, and how that impacts your business.You’ll learn about the common trap of needing to feel important and how it’s affecting your team and your growth.I’ll give you some practical tips on how to give yourself permission to let go and make space for bigger ideas.

    If you’re ready to stop getting in your own way and start taking your business to the next level, this episode is for you. Let’s jump in and grow together!

    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
    Show More Show Less
    13 mins
  • 138 \\ Uncapping the SALT Deduction: How Business Owners Can Save Thousands on Taxes

    138 \\ Uncapping the SALT Deduction: How Business Owners Can Save Thousands on Taxes
    Sep 12 2024

    In this episode, we dive into one of the biggest tax changes in recent years—the Tax Cuts and Jobs Act of 2017—and what it means for your tax deductions today. With the Act set to sunset soon, there are still smart ways to maximize your tax benefits, especially if you’re a business owner dealing with the SALT deduction cap.

    We’ll break down a clever workaround that could help you save thousands by moving deductions from your personal taxes to your business taxes. Find out how states like California, New York, and New Jersey are giving business owners a big tax break with pass-through entity deductions. We’ll also cover key steps to make sure your business is set up correctly and how to look for other tax-saving opportunities.

    Don’t miss this episode filled with tips to keep more money in your pocket—no complicated tax jargon, just clear advice that works!

    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
    Show More Show Less
    14 mins

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