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
- 278
- Years Active
- 2022 - 2025
137 \\ Volume vs. Value: Why Your Tax Advisor Should Be More Than a Preparer
What does your dentist have in common with your tax preparer? A lot more than you think. In this episode, I share how two very different dental visits opened my eyes to the real difference between a …
136 \\ Stop Overpaying the IRS: How Business Owners Can Legally Cut Their Tax Bill
Most business owners pay far more to the IRS than they need to. In this episode, discover why so many small businesses overpay and what you can do about it. Learn the four major mistakes that cause o…
135 \\ Is Your Side Hustle a Business or Hobby? Avoid IRS Trouble with Smart Tax Strategies
In this episode, learn how to make sure your side hustle is treated as a real business, not a hobby, in the eyes of the IRS. Discover the 9-point test the IRS uses to decide if you can deduct busines…
134 \\ Unlock the Work Opportunity Tax Credit: Save Thousands on Your Small Business Taxes
Did you know hiring the right team can lower your tax bill? This episode dives into the Work Opportunity Tax Credit (WOTC), a little-known federal program that rewards small business owners for hirin…
133 \\ Lease vs Buy: CPA Advice on Business Equipment, Vehicles & Tax Savings
In this episode, we tackle a key small business finance question: should you lease or buy business equipment and vehicles? Using real-world examples, we break down the pros and cons of both options s…
132 \\ Depreciation Secrets: CPA Tax Advice for Asset Purchases & Business Tax Savings
In this episode, we break down how to use depreciation to your advantage when buying business assets. Learn the difference between Section 179, bonus depreciation, and standard depreciation, and how …
131 \\ Stop Overpaying Taxes: CPA Advice to Save Thousands in Small Business Tax
Are you one of the millions of small business owners sending extra money to the IRS every year? In this episode, we uncover the most common tax mistakes that cause small businesses to overpay thousan…
130 \\ 5 Smart Strategies to Boost Profit by Analyzing Business Financials
In this episode, we dive into five key strategies that help small business owners understand and improve profitability. You’ll learn how to evaluate revenue streams, analyze fixed and variable costs,…
129 \\ 7 CPA Strategies to Cut Capital Gains Taxes on Business Sales & Investments
Selling a business, real estate, or investments can trigger huge capital gains taxes—but smart planning can help you keep more of your money. In this episode, we break down seven strategies that can …
128 \\ 3 Signs Your CPA Is Costing You Thousands in Small Business Taxes
In this episode, we cover three clear red flags that show your CPA is not helping you reduce taxes—and why that could be costing you 20–40% more than necessary. If your CPA dismisses new tax strategi…
127 \\ Mastering Cash Flow: Smart Strategies to Manage Small Business Finances
Cash flow can make or break a small business. In this episode, we break down how to take control of your business finances so you can grow with confidence and sleep better at night. You’ll learn why …
126 \\ How to Use Business Credit to Grow: Smart Strategies for Entrepreneurs
In this episode, we dive into how to build and use business credit to grow your company without relying solely on cash. Learn why separating personal and business credit is essential, the types of bu…
125 \\ 5 Bookkeeping Essentials Every Small Business Owner Must Know
Good bookkeeping isn’t optional—it’s the foundation for running a profitable business. In this episode, we cover five critical reasons why bookkeeping matters and how to keep your finances organized …
124 \\ Navigating Business Transitions: Resilience, Mindset Shifts, and Finding Opportunity in Change
Change is hard. Whether it’s clients leaving, team transitions, or plans falling through, business ownership can feel like one long series of challenges. In this episode, I share a personal story fro…
123 \\ Accounting Shake-Up: How CPA Retirements and AI Are Changing Your Business Future
This episode exposes a massive shift happening in accounting and how it affects your small business. Discover why thousands of CPAs are retiring, why fewer students are entering accounting, and how t…
122 \\ 3 CPA Red Flags That Could Be Hurting Your Business
In this episode, you’ll learn the three most toxic traits that many CPAs and accountants display—and how these warning signs could be costing your business time, money, and peace of mind. From CPAs w…
121 \\ Debt Payoff Secrets: Smart Strategies to Tackle Loans and Grow Your Business
In this episode, we break down how to pay off debt the smart way. Learn how to prioritize loans, whether to pay off small balances first, and why high-interest loans should be your top focus. We talk…
120 \\ How Tax Mindset Blocks Business Growth (and What to Do About It)
This episode dives into how your mindset around taxes can quietly sabotage your business growth. Many business owners hold back from scaling because they fear a bigger tax bill. We break down why tha…
119 \\ How a Doctor Saved $117K in Taxes by Fixing One Costly Mistake
In this episode, you’ll hear a real case study of how one doctor saved $117,000 in 2024 simply by optimizing how his taxes were handled. By digging into prior tax returns, we uncovered $300,000 in un…
118 \\ Hidden Tax Savings: How One Client Saved $12,500 with a Business Structure Fix
In this episode, I share a real-life tax planning case study where a simple structural fix saved a client $12,500 in self-employment taxes. When a doctor came to me frustrated with slow and reactive …