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
112 \\ Is Your Business Really Legitimate? How the IRS Decides and What It Means for Deductions
In this episode, I answer a listener’s question about whether their business qualifies as “legitimate” in the eyes of the IRS—and what that actually means when it comes to tax deductions. We cover:
- …
111 \\ How to Turn Huge Capital Losses into Future Tax Savings
In this episode, I walk through a real case study of a client facing over a million dollars in business losses and explain how to turn a massive capital loss into a long-term financial recovery plan.
…
110 \\ How to Pay Yourself Right: W2 Salaries vs. Equity Distributions for S-Corp Owners
In this episode, I break down one of the biggest questions business owners face:
“How much should I pay myself in salary, and how much can I take as a distribution?”
We cover:
- What “reasonable compe…
109 \\ Missed Estimated Taxes? CPA Advice on Avoiding IRS Penalties
In this episode, learn exactly what happens if you miss an estimated tax payment and how to fix it fast. Forgetting these payments can cost you in penalties and interest, but there are smart strategi…
108 \\ CPA Tax Advice: Avoid Mistakes That Cost Small Business Owners Thousands
In this episode, you’ll hear real case studies where CPA mistakes cost business owners tens of thousands of dollars—and how to avoid the same trap. Learn why unclaimed deductions, missed strategies, …
107 \\ Tax Strategy: How Paying Your Kids Can Reduce Small Business Taxes
Paying your kids through your business can be a powerful tax strategy—but only if it’s done correctly. In this episode, you’ll learn the right way to hire your children, what tasks they can legally d…
106 \\ When to Start Tax Planning: CPA Advice to Maximize Business Tax Savings
Not sure if you’re ready to start tax planning? This episode breaks down how to know when it’s time to move beyond tax preparation and into tax reduction strategies. Learn the difference between tax …
105 \\ Maximize Your QBI Deduction: Tax Strategies for High-Income Business Owners
High-income professionals often miss out on the Qualified Business Income (QBI) deduction because they don’t understand how it works once income exceeds IRS thresholds. This episode explains how QBI …
104 \\ 1099 Income and S Corps: Avoid IRS Trouble with These CPA Strategies
Are you getting 1099 income in your personal name even though you have an S corporation? This common mistake can trigger IRS audits, self-employment tax, and penalties. In this episode, you’ll learn …
103 \\ 7 Tax-Saving Investments to Build Wealth and Reduce Your Taxes
In this episode, discover seven powerful investment strategies that help business owners legally slash taxes while building long-term wealth. From traditional IRAs and 401(k)s to HSAs, donor-advised …
102 \\ Tax Avoidance vs. Tax Evasion: How to Stay Legal While Reducing Taxes
Can reducing your taxes cross the line into tax evasion? In this episode, we break down the difference between legal tax avoidance and illegal tax evasion so you can protect yourself and your busines…
101 \\ Inheriting Property? How Taxes Work on Houses, Land, and Investments
What really happens to your taxes when you inherit a house, land, or investments? In this episode, we explain how inheritance works, what a “step-up in basis” means, and why you probably won’t owe ta…
100 \\ Unlock Time: How Business Owners Can Delegate, Outsource, and Grow
Feeling like there aren’t enough hours in the day? In this episode, we talk about how to reclaim your time as a business owner by delegating and outsourcing—both at work and at home. From hiring a vi…
99 \\ Buying a Small Business: CPA Advice, Pitfalls & Smart Strategies for Acquisition
Thinking about buying a small business? In this episode, we walk through a real client’s journey of acquiring a business—from the first conversation with a seller to due diligence and final decisions…
98 \\ Real Estate Tax Benefits: CPA Advice on Passive Losses and Smart Strategies
Thinking about using real estate investing to lower your taxes? In this episode, we break down what high-income earners need to know about real estate tax benefits, real estate professional status, a…
97 \\ W-9 Mistakes Every Business Owner Must Avoid: CPA Advice for Contractors
Do you really know how to handle W-9s for your contractors? In this episode, we break down exactly what business owners need to know to avoid penalties and IRS headaches. You’ll learn when to collect…
96 \\ Business Growth vs. Certainty: Mindset Shifts Every Entrepreneur Must Face
Are you holding back your business growth without realizing it? In this episode, I share a personal breakthrough about how the need for certainty can quietly sabotage your success. Through a coaching…
95 \\ Stop Focusing on Savings: CPA Advice on Revenue, Cashflow & Net Worth Growth
Are you obsessing over savings goals in your business? This episode challenges that mindset. Instead of penny-pinching, learn why focusing on revenue growth, managing cashflow, and tracking your net …
94 \\ Avoid These IRS Penalties: CPA Advice on Estimated Taxes and Form 2210
Are you overpaying taxes without even knowing it? In this episode, I reveal a common IRS penalty that costs business owners thousands—and how to avoid it. If you’ve ever been hit with a penalty for n…
93 \\ Stop Overpaying Taxes: CPA Advice on Deadlines, Estimates & Avoiding Penalties
Tax deadlines can feel overwhelming, but missing the details can cost you big. In this episode, we break down what every business owner needs to know about filing dates, estimated tax payments, and h…