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Are you a business owner who feels like you’re paying too much in taxes? You’re not alone! In this episode, we dive into why millions of business owners are overpaying the IRS every year—and what you can do to stop. We’ll discuss common mistakes like only talking to your CPA once a year, missing out on proactive tax planning, and getting outdated advice.
You’ll learn why having the right tax advisor on your side can save you thousands of dollars. Discover how simple changes to your business structure and tax strategy can help you keep more of your hard-earned money. If you’re tired of making unwanted “donations” to the IRS, this episode is for you.
Tune in to find out if you’re overpaying and get the tips you need to pay the right amount in taxes—no more, no less. Don’t wait—let’s start saving today!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Are you running a side business to escape your full-time job? The IRS has strict rules about what counts as a real business and what’s just a hobby—and getting it wrong can cost you big time! In this episode, we dive into the 9-point IRS test that decides whether your side gig is legit or just a fun pastime.
You'll learn why it’s so important to prove your business is real, especially if you’re losing money. We’ll cover tips on keeping records, creating a business plan, and why you need to separate your business and personal finances. Plus, I’ll share real advice on how to stay on the right side of the IRS and avoid getting into trouble.
Don’t let your hard work go to waste—tune in to make sure your side hustle is set up for success and recognized as a real business!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Hiring new employees is a big step, but did you know it can also save you money on your taxes? In this episode, we dive into the Work Opportunity Tax Credit—a little-known but powerful federal program that rewards businesses for hiring employees from certain targeted groups, like veterans, long-term unemployed, and more. We’ll break down how this credit works, who qualifies, and how you can claim it to reduce your tax bill by thousands of dollars per employee.
Plus, you’ll learn why this credit is a win-win, helping you save money while giving someone in need a chance at a job. If you’re a business owner looking to hire, you don’t want to miss this valuable tip that could put money back in your pocket.
Tune in to discover how to take advantage of this incredible tax benefit!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Deciding whether to lease or buy equipment or a vehicle for your business can be tricky, but it's a choice that can greatly impact your cash flow and taxes. In this episode, we break down the pros and cons of both leasing and buying, helping you make the best decision for your business.
You'll learn about the tax benefits, upfront costs, and long-term implications of each option. Whether you’re a small business owner trying to decide on a new vehicle or considering a big equipment purchase, this episode will give you the insights you need.
Tune in to get clear, easy-to-understand advice that will help you save money and make smarter financial decisions for your business!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we're diving deep into the world of depreciation and how it can help you save big on your taxes as a business owner. We’ll break down what depreciation is, the different types you should know about, and the smartest ways to use it to your advantage.
Whether you're buying new equipment, considering Section 179, or exploring bonus depreciation, we'll guide you on making the best decisions for your business. Plus, we’ll share tips on timing your purchases and managing cash flow to maximize your tax deductions.
If you're looking to make the most out of your assets and reduce your tax bill, this episode is a must-listen!
Listen:
🎧 Episode # 37 - Section 179 Depreciation: Traps to Avoid
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, I reveal a shocking statistic: Over 23 million small businesses are overpaying on their taxes simply because they're not structured properly. If you're a business owner, there's a good chance you're one of them! I break down the common mistakes that lead to these costly overpayments and show you how to fix them.
From choosing the right business entity to optimizing your payroll and deductions, I’ll guide you through the steps to save thousands of dollars every year. If you're ready to stop giving the IRS more money than you need to, this episode is a must-listen!
Tune in to learn how to take control of your taxes and keep more of what you earn. Plus, find out how to book a free discovery call to see where you might be overpaying.
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we dive into the key components of analyzing your business profits to help you make more money and grow your success. We'll walk you through five important areas every business owner should focus on: understanding your revenue streams, breaking down costs, analyzing profit margins, calculating your break-even point, and evaluating customer profitability.
With simple tips and real-life examples, you'll learn how to dig into your financials, spot hidden opportunities, and make smart adjustments to boost your bottom line. Whether you're new to business or looking to sharpen your skills, this episode will give you the tools you need to make sure you're as profitable as possible.
Tune in to learn how to maximize your earnings and take your business to the next level!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we dive into what to do when you’re faced with a big financial event, like selling a business or real estate, and want to reduce your taxes. These are unique situations that don’t happen often, so it’s easy to get overwhelmed.
But don’t worry—I’ve got you covered! I’ll share 7 smart strategies to help you keep more of your money and pay less in taxes. From planning ahead and knowing when to sell, to smart investments and gifting assets, I’ll walk you through it all. Whether you’re already in the process or just starting to think about it, these tips will help you make the best decisions for your financial future.
Tune in, and let’s make sure you’re set up for success!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we dive into a crucial topic for business owners: how to know if your CPA is really helping you save on taxes. I’ll share three key signs that could indicate you're overpaying the IRS and not getting the most out of your tax strategy.
We'll discuss how to spot if your CPA isn’t open to new ideas, why it’s a red flag if you only talk to them once a year, and what it means when they say paying a lot in taxes is a good thing. If any of these sound familiar, it might be time to rethink your approach.
Tune in to learn how to take control of your taxes and keep more of your hard-earned money!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we're diving deep into the world of cash flow management for small business owners. Cash is king, and it’s the lifeblood of your business. We'll explore why understanding your cash flow is crucial for growth and peace of mind.
Whether you’re in the green or struggling with cash flow, this episode will help you gain control and sleep better at night. We'll cover practical tips for speeding up cash inflows, cutting unnecessary expenses, and creating a solid cash cushion. Plus, you'll learn how to diversify your revenue streams and avoid common cash flow mistakes.
If you're ready to take your business finances to the next level, this episode is a must-listen! Tune in to discover how to keep your business thriving with smart cash flow management.
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Struggling with cash flow can be one of the hardest parts of running a business. In this episode, we dive into the stress of managing money and the smart ways to handle it. Learn why having business credit can be a game-changer and how to use it wisely.
I share my own story of starting a business, getting into debt, and climbing out of it. We’ll talk about different types of business loans and credit cards, and how they can help you grow your business faster.
Tune in for tips on using debt smartly, avoiding pitfalls, and building strong financial habits for success.
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Welcome to today’s episode! We’re diving into a super important topic for business owners: bookkeeping. If keeping track of your finances feels like a chore, don’t worry—we’ve got you covered. We’ll share five reasons why good bookkeeping is essential and break down the basics to keep your business on track.
From separating business and personal finances to picking the right bookkeeping system, you’ll learn practical tips to manage your money better. We’ll also discuss common mistakes to avoid and why regular financial check-ups are a must.
Whether you love baking cakes or running sales funnels, knowing your numbers is key to success. Tune in and find out how to make your finances sing in harmony, just like a well-baked cake! Don’t miss this episode—your business will thank you.
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, I share a big shift in my mindset that I've been working on for over a year and a half. It's been a tough journey, but I finally see the results of my hard work. I'll talk about how these changes have made my business and life better, even when things got really hard.
You'll hear about a recent experience that tested my patience and mindset but showed me how much I've grown. Whether you're going through a tough time in your business or just need a bit of hope and encouragement, this episode is for you. Let's dive into the ups and downs, and find the joy and lessons in the challenges we face as business owners.
Tune in for some real talk and inspiration to keep you moving forward!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we uncover big changes in the accounting world that could affect your business. Discover why many CPAs are retiring and how the shortage of new accountants is causing problems.
We talk about the rise of AI in accounting and how it might change your relationship with your CPA. Learn about the challenges of hiring skilled accountants and why smaller firms are struggling. Get tips on what to look for in a good CPA and how they can help your business grow.
Don't miss out on these important insights that can help you stay ahead and keep your business strong!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we dive into a critical decision for any business owner: choosing the right person to handle your finances. From accountants to CFOs, the person you pick can make or break your business.
We'll reveal three toxic traits you must watch out for in CPAs, so you don't get stuck with someone who's bad for your business. You'll learn why communication is key, why honesty matters, and how to spot a CPA who’s just not listening to you. Tune in for real-world examples, practical advice, and a few shocking stories that will make you rethink your financial partnerships.
Don't miss out on these valuable insights that can save your business from financial pitfalls!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we're diving into the best ways for small business owners to pay off debt. We'll talk about which debts to tackle first, whether to use cash or get a new loan, and how to avoid common mistakes.
We'll cover important tips like knowing your interest rates, loan balances, and minimum payments. Should you pay off small balances first or focus on high-interest loans? We'll break it all down! Plus, we’ll discuss smart strategies to use your money for growing your business instead of just paying off debt.
Tune in to get practical advice and take control of your finances!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Welcome to this episode where we dive deep into how your mindset about money and taxes could be holding your business back. We explore a common but subtle issue that many business owners face: the fear of higher taxes as income grows. You'll hear a real-life example of how this mindset can limit your success.
Learn why paying more taxes isn't a bad thing and how it means you're making more money overall. We'll also talk about strategies to legally reduce your taxes, so you keep more of what you earn. If you're stuck in your business growth, this episode will help you make a mental shift and reach the next level.
Tune in for tips to overcome fear, grow your revenue, and manage your taxes better. Don’t forget to check the link in the show notes for a free consultation!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, I share an incredible case study of a client we helped save $117,000 in taxes for 2024! We found an error on his tax return that was costing him big time.
By optimizing his deductions and correcting past mistakes, we turned things around. This client, a doctor with multiple businesses, had been overpaying taxes for years because no one noticed the issue. We fixed it and showed him how to use his losses effectively. Plus, we saved him another $40,000 by reclassifying one of his businesses.
Tune in to learn how to make sure you’re not overpaying taxes too! Book a time with us if you want to see similar savings on your taxes. Don't miss out!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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In this episode, we dive into a real-life story of how I helped a frustrated doctor save $12,500 on taxes. Tired of last-minute advice and high costs from his old CPA, this doctor came to me for help. We discovered that his partnership was set up all wrong, costing him lots in taxes. By making smart changes, like transitioning his partnership to an S-corp and streamlining his businesses, we cut his taxes and reduced his costs.
You'll learn about the common mistakes small business owners make with their taxes and how to fix them. If you feel like you're overpaying on taxes or just want to be more efficient with your business finances, this episode is for you!
Tune in to hear the full story and get tips on how you can save money and headaches with the right tax strategies.
Next Steps:
💰 Chop Taxes Now! 💰 https://tiffanytrimstaxes.com/
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
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Are your business finances holding you back? In this episode, we explore why basic bookkeeping and accounting aren't enough when you're ready to grow. Learn the importance of understanding your profit and loss, balance sheets, and cash flow reports.
We'll discuss creating and revising budgets, tracking key performance indicators, and comparing your business to others in your industry. Discover how having a Chief Financial Officer (CFO) or financial advisor can help you make smart decisions, avoid emotional pitfalls, and stay compliant with regulations. Whether you're thinking about hiring new staff, buying equipment, or just trying to boost your profits, this episode has the tips you need to take your business to the next level.
Tune in to get the expert advice and encouragement you need to keep pushing forward!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
- Visa fler