Tiffany Phillips Cpa Small Business Money Mentor Financial Expert public
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Are you unsure of what to do with your business finances? Are you scared you might do something that causes the IRS to come after you? Do you lack confidence in knowing if what you’re doing is correct? Are you desperate for answers for all of your financial questions? In this podcast, you will find financial knowledge and systems to set you free from the mass confusion of small business finances. My mission is to help equip you to have a financially successful small business through financia ...
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Are you a small business owner that has been solicited for the ERC - Employee Retention Tax Credit? You've likely gotten letters, emails, and phone calls from companies claiming you have money that is yours, ready to claim and receive from the IRS. Perhaps you've already gotten the credit and worked with one of these companies. If this is you, this…
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Are you a small business owner trying to reduce your taxes and unsure how to do so? Are you tired of your CPA or tax preparer telling you there's nothing you can do to reduce your tax bill? Are you wanting to take control of your finances? If so, this is a must listen episode where I spill the beans on what I've been up to during my podcast break a…
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Are you a small business owner trying to navigate the IRS requirements for receipts and other documentation they require to deduct your expenses? Are you wondering if you're at risk for an audit because of your records, or lack of records? Are you unsure of what to do to eliminate having an issue with the IRS on your next tax return? If so, listen …
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Are you a small business owner considering a new vehicle purchase and wondering how Section 179 expense impacts you? Are you not sure how buying a luxury vehicle or SUV impacts your ability to write off the vehicle, but know you want to maximize your deduction? Have you been told by your CPA that buying a new vehicle is a great way to get a tax wri…
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Are you a real estate investor that isn't sure how the losses benefit you? Or are you not getting the full deduction for real estate investing because you make too much money? If you're a real estate investor that needs help optimizing the deductions from your business, listen up because I share all the ways your losses from real estate impact your…
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Are you a small business owner that isn't sure how you're taxed and how it's different from being an employee? If you're more confused about taxes than anything, listen up because I share all the ways you're taxed in this episode. I discuss the taxes specific to being a business owner, investor and employee and how they're all different. So, this e…
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Are you a small business owner that isn't sure which tax deductions you can take? If you're more confused about taxes than anything, listen up because I share the top tax deductions you definitely should be taking if you're an entrepreneur. It's important to make sure you're paying the right amount of tax, but not more than that! So, I share the de…
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If you're a small business owner that is confused about how to get money out of your small business, you're not alone! I hear all too often that many new business owners don't know how to pay themselves out of their business. This is the episode for you if you're one of these entrepreneurs that need some help knowing the best way to get money out o…
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In today's episode, I get raw and real about feeling burned out in life and business. I share my own journey to finding joy and excitement in business again and what I did to make that happen! If you're currently burned out or you have been in the past, you'll love this episode! Enjoy! Tiffany 🔥 FREE: 10 Top Tax Tips 🔥 ✅ Need an LLC for your Busine…
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If you're a small business owner that is confused about estimated tax payments and making sure you send in the right amount of tax to the government, this is the episode for you! I explain why estimated taxes are important, how to calculate them, the best way to never be surprised with a tax bill again and the best way to get them sent in to the ap…
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Are you an entrepreneur who is unsure whether you need an LLC and what the benefits are of having one? What are the steps to get an LLC? Are there any tips and tricks to making it easier for you to get an LLC? We talk about all of this on the show! Today I break down having an LLC and what it does for your business plus the simple steps of getting …
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Today I answer listener questions on the best business address to use for your business, registered agents and how to handle a high-yield savings account in your business. If you own a business and have tax, accounting or financial questions be sure to email us your questions to: hello@phillipsbusinessgroup.com and we'll feature you on an upcoming …
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Are you an entrepreneur who is unsure whether you're overpaying in taxes and if there is anything that can be done? Are you wondering if there is anything you can do to keep more of the money you make each year? Would you like to understand a couple of key indicators for whether or not you can reduce your taxes? Today I provide a insights on how to…
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Are you an entrepreneur struggling with cash flow management in your business? Are you unsure whether you can make this week's payroll or take your salary? Would you like to understand exactly how to track cash flow in your business and eliminate the stress and headache related to cash management? Today I provide a insights on how to manage cash fl…
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New proposed tax law changes are making their way to the floor this week! In today's episode I discuss some of the major changes in the draft bill and how that might impact you and your business in the near future, if this tax law package is approved. Some of the changes are related to additional individual deductions for most taxpayers, research a…
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Are you an entrepreneur struggling to know if you're overpaying in taxes or if you're paying the right amount? Are you unsure whether your tax preparer is reducing your taxes or just preparing your tax return? Would you like to understand exactly what the tax planning process looks like so you can know if it's right for you and your business? Today…
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Are you an entrepreneur that has big business goals and you're trying to get to the next level? Are you struggling to reach the next goal and you're not sure what is tripping you up and keeping you from reaching it? Do you want to know if your business needs more than just a bookkeeper or what partnering with a chief financial officer really means …
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Have you been told you should have a budget for your business, but aren’t sure where to start? Are you unsure about the benefits of a budget and whether it’ll be worth the effort to put it together? Do you want to understand the financial basics of your business, so you know how to make better business decisions? If so, this is the episode for you!…
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In today's episode, Tiffany shares a podcast she was featured on, The Business Growth Show with Brian Webb, Brian brings his business partner and CFO, Tiffany Phillips, CPA, into the studio to have a fireside chat about their upcoming 2-day 2023 Business Growth Intensive, which is being held Thursday and Friday, July 13th and 14th, in The Woodlands…
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Are you confused about your business finances and struggling to understand what they mean? Do you want to understand the financial basics of your business so you know how to make better business decisions? Do you secretly wish your accountant would simplify your business finances so you can understand what your financials mean? If so, this is the e…
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Are you unsure what in the heck capital gains even are? Or what is a K1 and how does that impact your personal taxes? Are you a small business owner trying to navigate health insurance and its tax implications for you? If so, this is the episode for you! Today I answer a listener's questions answering all things capital gains tax, pass thru entitie…
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Are you new to real estate investing and confused about it impacts your taxes? Have you heard that real estate investing can create many tax advantages but you aren't sure what those are? Are you hoping to build wealth utilizing real estate investing and want to make sure you do it right? If so, this is the episode for you! Today I discuss 6 tax sa…
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Are you clueless when it comes to your business finances? Are you frustrated and overwhelmed and don't know where to start to gain control of them? Are you tired of feeling lost and hopeless when it comes to the numbers side of the business? If so, this is the episode for you! Today I discuss the top 3 tips for small business owners to eliminate th…
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Are your small business finances the last thing you want to think about? Are your finances all but completely ignored until the end of the year when you're getting ready to file tax return? Are you overwhelmed with your business finances? If so, this is the episode for you! Today I discuss the top 3 tips for small business owners to organize their …
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Are you getting ready to file your 2022 tax return? If you're like most business owners, you're wrapping up your accounting and preparing to send your info to your CPA, but you might be missing a bit step in that process. Today I discuss the biggest mistake small business owners make when it comes to their finances and getting ready for filing thei…
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Hey Friend! Are you a small business owner that thinks they're paying too much in tax every year? Have you heard that paying your kids can be a good strategy to reduce your taxes, but you're not sure how to do it? Today I'm sharing exactly how this strategy works and two options that allow you to pay your children for working inside of your busines…
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Hey Friend! Are you a small business owner that thinks they're paying too much in tax every year? Are you looking for a way to reduce your taxes that is simple, straight forward, and has a big impact on your overall tax bill? If so, listen up! Today I'm spilling the tea on my top favorite tax reduction strategy. I share all the details on exactly h…
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If you're an s corporation business owner that isn't sure how much to pay yourself so that you're in compliance with the IRS - this episode is for you! Today, I answer a question submitted by a listener where he asked how much is an appropriate amount to pay himself when his business is still a "side hustle" and not generating a lot of profit. I go…
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Are you in the early stages of business and losing money? Are you worried that you might get audited for not showing a profit soon enough? Did you know there is a way to fight off an IRS audit and actually WIN? In today's episode I discuss how to prove your business is legitimate and share details of case studies where business owners went up again…
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Are you scrambling to organize your business finances before year end? Unsure of whether QuickBooks is really the best option for you or if it's just creating more stress? Is your spreadsheet system for bookkeeping leaving you working endlessly as you prepare for your taxes every year? If so, we discuss better options in today's episode so you can …
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Worried about paying too much in tax for 2022? Are you scrambling to figure out more tax deductions before the end of the year? If so, this is the episode for you! I share 3 tax strategies you need to know about for 2022 with a few bonus ideas thrown in as well! Hope you love it! Tiffany 🔥 Ready to optimize your taxes? Grab my FREE top tax tips now…
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Are you worried about getting audited by the IRS as a business owner? Do you use an LLC to operate your business or you're thinking about getting one and switching from a DBA? Do you want to want bullet proof systems to keep the IRS away from and your business? If so, this episode is for you! We discuss 3 strategies that will reduce your risk as an…
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Hey Friend! If you're like most small business owners, you hire out a portion of the work that needs to be done to contractors. The IRS has specific rules for how these payments should be reported to them and there are stiff penalties for not doing it right. In today's episode, I explain exactly how to keep out of trouble if you hire contractors! E…
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Hey Friend! This week we dig into listener questions. We're talking about things like how to handle sales tax and being assessed taxes improperly by the state, how to deduct health insurance, whether your business needs an operating agreement, and more. Today is definitely a jam packed episode full of great financial tips for your small business. E…
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Hey Friend, If you're struggling to grow your business or you've got the sales call blues, this is the episode for you! Today I share some of my best tips on how to push past the sales slump and move your business to the next level. These tips and tricks will help you uplevel your business in no time. Hope you enjoy the episode! Tiffany 🔥 Ready to …
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Hey Friend, Are you sick and tired of trying to figure our your accounting and worried if you're doing it all wrong? Is it time to hire a bookkeeper? If you do, how will you know if they're doing a good job? These are all topics I discuss in today's podcast! Hope you enjoy it! Tiffany 🔥 Ready to optimize your taxes? Grab my FREE top tax tips now! 🔥…
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Worried that you don't have enough cash in the business checking account to pay the next round of bills? Or that you might not make payroll?? Cash flow is regularly a top stressor of small business owners, but it doesn't have to be! Today we're discussing how much cash to keep in your business and how to increase your cash so you can eliminate the …
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Hey there! Today we're discussing the a question I hear often - "how do I pay myself as an entrepreneur and get money out of my business?" This one comes up all the time so I know it's likely something you're struggling with in your small business as well and I want to make sure you get it fixed ASAP! So, be sure to listen, take notes, and then sha…
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Hey Friend, Today I am answering a question from the community. "Tiffany, what tax deductions should I definitely be taking in my business that I might not be taking on my tax return now? Help!" I love this question so much because it's important to make sure you're paying the right amount of tax, but not more than that! So, I share the deductions …
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Hey Friend, In this episode of the Small Business Finance Podcast, I’m sharing my story with you. How my more than 20 years of accounting and tax experience, combined with more than 6 years of entrepreneurial experience led me to start this podcast to end the confusion that comes with small business finances. Too many small business owners are conf…
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Hey friend! Welcome to the Small Business Finance podcast. Do you want confidence and clarity with your business finances? Do you find yourself up late at night searching for tax deductions, how to track your business finances or for QuickBooks tips? Do you wake up with big ambitious goals, but you end up feeling confused and frustrated because acc…
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