SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice
Confused about small business taxes? Not sure if you’re doing it right—or if you’re missing out on legal tax deductions and savings? You’re not alone.
This podcast delivers real CPA advice for small business owners who want practical tax strategies, smarter money decisions, and confidence with business finances. Whether you’re worried about the IRS, unsure how to handle tax planning, or need help understanding your numbers—this show is your guide.
I’m Tiffany Phillips—CPA, tax advisor, and small business finance expert with 20+ years of experience helping entrepreneurs save thousands in taxes every year. I make accounting and finance simple, and I specialize in helping women entrepreneurs and husband-wife business owners stop overpaying and start building real wealth.
Each episode breaks down business tax tips, tax savings strategies, and financial systems that actually work. If you’re ready to understand your tax strategy, feel confident in your financial decisions, and finally take control of your business finances—you’re in the right place.
Next Steps:
☎️ Discover How Much You’re Overpaying the IRS: https://phillipsbusinessgroup.com/
📧 Contact Me --＞ [email protected]
- Update frequency
- every 2 days
- Average duration
- 18 minutes
- Episodes
- 273
- Years Active
- 2022 - 2025
92 \\ S Corp Taxes Explained: CPA Advice on Payroll, Distributions & K-1s
Thinking about switching to an S Corporation or already made the move? In this episode, we break down exactly how S Corp taxes work and how you actually get paid as a business owner. Learn why “reaso…
91 \\ C Corporation Taxes: CPA Advice on Double Taxation, 1202 Exclusions & Strategy
Thinking about setting up a C Corporation? This episode breaks down the pros and cons so you can make an informed decision. We cover how C corp taxation works, why the 21% corporate tax rate isn’t al…
90 \\ How to Review Your Tax Return: CPA Advice Every Business Owner Needs
Do you just sign your tax return without really looking at it? That blind trust can cost you. In this episode, I show you exactly how to review your business and personal tax returns so you can catch…
89 \\ Why Your Bank Balance Lies: CPA Advice on Cashflow Statements for Business Owners
Are you using your business bank account as the measure of success? That’s a big mistake. In this episode, we dig into why your bank balance doesn’t tell the full story of your business health and wh…
88 \\ Should You Really Be an S Corp? 5 Red Flags Most Business Owners Miss
Not every business should elect S corporation status—and bad advice on this topic can cost you thousands in taxes. In this episode, we break down five red flags that mean an S Corp could be a bad mov…
87 \\ 28 Smart Tax Deductions Every Small Business Owner Should Know
Want to pay less in taxes? In this episode, I share 28 specific deductions and strategies you can use to reduce your tax bill as a small business owner. From startup costs and home office write-offs …
86 \\ 5 CEO Mistakes That Hurt My Business Growth (and How I Fixed Them)
In this episode, I share five mistakes I made while building my business over the last eight years and how those lessons shaped my growth as a CEO. From struggling with a fixed mindset, getting stuck…
85 \\ S Corp Election Explained: Avoid IRS Mistakes When Your LLC Goes S Corp
Thinking of electing S Corp status for your LLC? This episode breaks down what every small business owner needs to know to stay in IRS compliance. Learn why community property laws mean your spouse m…
84 \\ Tax Deadlines Explained: Smart Filing and Payment Strategies for Business Owners
Tax season is here, and knowing when and how to file can save you money and stress. In this episode, I explain key tax deadlines for S Corps, partnerships, individuals, and corporations—and why exten…
83 \\ When to Hire: Smart Strategies for Small Business Growth and Cash Flow
Hiring can feel like one of the scariest steps in running a small business. In this episode, I break down how to decide when it’s time to bring on a new employee or contractor, and how to make that d…
82 \\ Stop Self-Sabotage: How to Take Back Control of Your Business Success
81 \\ When to Hire: Smart Business Strategy for Growth and Cash Flow
Hiring can feel like one of the most intimidating moves you make as a business owner. In this episode, I break down how to know when it’s time to add a new employee or contractor, and how to make tha…
80 \\ 2024 LLC Rules: How to Handle Beneficial Ownership Reporting (and Avoid $400/Day Penalties)
Starting January 1, 2024, LLCs face a new federal requirement: Beneficial Ownership Reporting. In this episode, I break down exactly what this new rule means, why it matters, and how to stay in compl…
79 \\ How to Pay Yourself from a Partnership LLC: Smart Payment Strategies Explained
How do you pay yourself when your business is a partnership LLC? In this episode, I answer a listener’s question about the right way to take money out of a small husband-and-wife partnership LLC. We …
78 \\ The 6 Human Needs: How Certainty and Significance Shape Your Business Success
What’s driving your business decisions without you even realizing it? In this episode, I unpack Tony Robbins’ concept of the six human needs—certainty, variety, significance, connection, growth, and …
77 \\ Stop Overpaying Taxes: How to Avoid Overcompensating Yourself as a Business Owner
76 \\ Tax Strategies for High-Income Earners: How Business Ownership Reduces IRS Bills
High net worth individuals often feel stuck paying massive tax bills year after year. In this episode, I explain why W-2 income offers very few ways to reduce taxes and why owning a business changes …
75 \\ Mindset Mastery: How Emotional Control Fuels Business Growth
Business growth isn’t just about strategy or hard work—it’s deeply tied to your mindset and how you manage your emotions. In this episode, I explore the intangible side of entrepreneurship: how unexa…
74 \\ 2024 Payroll Taxes Explained: FICA, Medicare, FUTA, and Self Employment for Small Businesses
Confused about payroll taxes? This episode breaks down the different types of payroll taxes and how they affect small business owners. You’ll learn the difference between FICA, FUTA, SUTA, Medicare t…
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 …