46 \\ The #1 Tax Mistake Small Business Owners Make (and How to Fix It Before Year-End)
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Thu 12 Oct 2023
- Episode Link
- https://smallbusinessfinance.podbean.com/e/46-1-small-business-tax-mistake-costing-you-thousands/
If you’re a small business owner who only looks at your numbers at tax time, you’re probably overpaying the IRS. In this episode, Tiffany explains why ignoring your finances is a costly mistake and shows you how to fix it before year-end. Learn why keeping clean financial records matters, why a separate business bank account is non-negotiable, and how to track your revenue and expenses monthly—even with a simple spreadsheet. Tiffany breaks down when to use Excel vs QuickBooks, how to catch missing transactions, and why reviewing your numbers regularly will save you money, reduce stress, and help you make better decisions.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
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