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
52 \\ Augusta Loophole Explained: Home Office Rentals, IRS Rules & Red Flags
In this episode of the Small Business Finance podcast, Tiffany answers a listener’s question about whether having two rental agreements—one for a commercial kitchen and one for a home office—could tr…
51 \\ 7 Signs It’s Time to Upgrade to a Modern CPA for Better Tax Savings
In this episode, Tiffany explains how to tell if your CPA is helping you grow—or holding you back. She covers seven signs you need a modern tax pro, including whether your CPA understands your busine…
50 \\ What to Know Before Buying a Business: Key Tips and Red Flags
Thinking about buying or investing in a business? In this episode, Tiffany walks through what most people overlook when evaluating a business purchase. Learn how to assess whether a business is a sma…
49 \\ Stop Overpaying Vendors: 5 Fixes to Protect 10% of Your Profits
Are you losing thousands of dollars each year without even knowing it? In this episode, Tiffany explains why small businesses often overpay vendors by up to 10% and what you can do to stop it. Learn …
48 \\ Opportunity Zones: The Hidden Strategy to Eliminate Capital Gains Tax
Selling a business, property, or other investment and worried about a massive capital gains tax bill? In this episode, Tiffany explains how Opportunity Zones work and why this little-known strategy c…
47 \\ How to Use the Augusta Loophole Correctly to Cut Your Taxes
This episode dives into one of Tiffany’s favorite tax strategies—the Augusta Loophole—and why so many business owners get it wrong. You’ll learn how renting your home to your business for meetings, p…
46 \\ The #1 Tax Mistake Small Business Owners Make (and How to Fix It Before Year-End)
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 s…
45 \\ Turn Real Estate Losses Into Tax Savings With This One Ownership Change
If you own rental properties but your passive losses are stuck on your tax return because you earn too much to use them, this episode is for you. Tiffany explains a straightforward strategy that lets…
44 \\ How to Stop Overpaying Taxes: Take Control of Your Business Finances
Feeling like taxes are eating away at everything you earn? You’re not alone—and it’s not just the IRS. In this episode, Tiffany talks straight about why so many small business owners end up overpayin…
43 \\ 6 IRS Audit Red Flags Every Small Business Owner Should Watch For
Nobody wants to hear from the IRS. In this episode, Tiffany lays out six of the most common red flags that can trigger an audit and what you can do to avoid them. From simple math mistakes and mismat…
42 \\ Should You File Your Taxes Early or Wait? Pros, Cons, and the Audit Risk No One Talks About
When it comes to taxes, timing matters more than most business owners realize. In this episode, Tiffany breaks down whether you should file your taxes early, right on time, or hold out until the fina…
41 \\ Year-End Tax Planning: Smart Strategies for Small Business Tax Savings
In this episode, you’ll learn actionable ways to cut your tax bill before the year ends. We cover key tax strategies for small business owners, including when it makes sense to buy a business vehicle…
40 \\ IRS Freezes ERC Claims: What Small Businesses Must Know About Tax Credit Fraud
In this episode, we break down the IRS’s sudden freeze on processing Employer Retention Credit (ERC) claims and what it means for small business owners. You’ll learn why the IRS is cracking down on E…
39\\ Why Your CPA Won’t Lower Your Taxes—and How to Take Control
In this episode, I’m sharing why so many small business owners are overpaying taxes and what to do about it. Most CPAs just file your return—they don’t focus on tax reduction or smart strategies. Tha…
38 \\ IRS Audit Prep: Avoid These Documentation Mistakes That Cost Small Businesses
Are you ready if the IRS comes knocking? In this episode, we break down exactly what documentation you need to protect your deductions and your business in case of an audit. Learn what the IRS consid…
37 \\ Section 179 and Business Vehicles: Tax Strategies You Need to Know
Thinking of buying a business vehicle? This episode breaks down Section 179, bonus depreciation, and IRS rules for vehicles over 6,000 lbs—and how to use these deductions to reduce your taxable incom…
36 \\ Real Estate Tax Traps: How to Use Losses the Right Way
Investing in real estate can bring big tax benefits—but only if you know how to use them. In this episode, we unpack the truth about real estate tax losses and why so many investors get caught in tax…
35 \\ Self-Employment Taxes Explained: How to Reduce Your Biggest Business Expense
Are self-employment taxes eating up your income? In this episode, we break down the taxes small business owners face—including self-employment tax, payroll tax, capital gains, and ordinary income tax…
34 \\ Top 5 Tax Deductions & Tax Savings Strategies Every Small Business Owner Must Know
Learn the top five tax deductions and tax savings strategies every small business owner should be using. In this episode of Small Business Finance, Tiffany explains how to take advantage of the home …
33 \\ How to Pay Yourself as a Business Owner (Without Messing Up Your Taxes)
Confused about how to pay yourself from your small business? You’re not alone. In this episode, we break down the right way to take money out of your business, why draws and transfers work differentl…