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Tiffany Phillips CPA Podcasts

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SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions

Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert

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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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In this eye-opening episode, we reveal the surprising truth about how real millionaires live — and it’s not what you think! You’ll learn why driving an old car and living in a modest home might be the smartest money move you’ll ever make. We break down the hidden costs of “looking rich” and share how some business owners lose millions by trying to …
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In this episode, we break down big changes that small business owners need to know in 2025. We talk about the brand-new SBA loan rules that could make it harder to get business funding—and what you can do about it. We also dig into California’s huge $12 billion budget problem, even though they have the highest income taxes in the country. What happ…
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In this powerful episode, I sit down with Sophie Musumeci, founder and CEO of Real Entrepreneur Women, to talk all things business, money, and mindset for women coaches and consultants. Sophie shares her inspiring story of leaving a high-paying corporate job to build a multi-million dollar coaching company — all while designing a life that works fo…
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Big changes are here — and they could shake up your small business in 2025. In this episode, Tiffany breaks down the new SBA loan rules that just took effect and what they really mean for business owners like you. Whether you’re thinking about getting a loan or already have one, these updates could impact your taxes, your cash flow, and your abilit…
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Did you know some of the wealthiest people pay less in taxes than someone making $50,000 a year? In this episode, we uncover the secret tax strategies the rich use to build wealth and pay almost nothing in taxes — and how you can start using them too! You’ll learn how to turn your business into a tax-saving machine, why borrowing money can be smart…
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In this episode, Tiffany talks with Kevin Akeroyd, the CEO of Sovos, about how taxes are changing fast for small business owners. They cover new rules that could lead to big fines—even for simple mistakes. Kevin shares how smart software can help business owners stay out of trouble, avoid audits, and even grow into new markets. From selling online …
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Are you making a money mistake that’s costing you big time? In this episode, we’re breaking down one of the biggest problems small business owners face — and most people don’t even know they’re doing it! Studies show 87% of entrepreneurs make this mistake, and it could be stopping you from hitting your money goals. I’ll explain what this mistake is…
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Are you still doing your books the old-school way? In this episode, I’m sharing how smart small business owners are using AI to save thousands on taxes and hours each week on bookkeeping. I’ll tell you the story of how one client saved $48,000 in taxes—just by using the right tech. You’ll learn which tools actually work, how to start small, and wha…
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In this episode, we talk with Leslie Tayne, a financial attorney with over 25 years of experience helping people and businesses deal with debt. She shares the truth about what really causes debt, how it grows, and why fast cash options like merchant cash advances can be a big mistake. Leslie explains how she works with clients to build smart plans …
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Discover the exact financial checklist that helped one business owner save $48,000 in taxes this year! In this episode, we break down the 2025 tax law changes every small business owner needs to know about. You'll learn nine simple steps to audit your business structure, master cash flow management, and implement smart tax strategies like the "Augu…
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Are you throwing away $30,000 in taxes every year? You might be if your business has the wrong structure! In this eye-opening episode, I reveal how I saved a client exactly that amount by switching them from an LLC to an S Corporation. But wait - this strategy isn't right for everyone! I'll break down: The big differences between LLCs and S Corps H…
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In this powerful episode, Nick Prefontaine shares the amazing story of how a snowboarding accident changed his life forever. After falling into a coma and being told he might never walk or talk again, Nick beat the odds and ran out of the hospital just months later. He didn’t just recover—he used his story to build a thriving real estate business a…
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In this episode, we break down the big claim that tariffs could replace U.S. income taxes — and what that really means for your wallet, your business, and the economy. We explore how much money the government collects from income taxes versus tariffs and why swapping one for the other isn’t as easy as it sounds. You’ll hear why raising tariffs coul…
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This episode reveals shocking hidden details from Trump's Big Beautiful Bill that could make or break your small business! We dive deep into five buried provisions that most business owners don't know about yet. You'll learn about new reporting rules that carry $10,000 daily penalties, international tax requirements that affect "domestic" businesse…
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This episode reveals shocking hidden details from Trump's Big Beautiful Bill that could make or break your small business! We dive deep into five buried provisions that most business owners don't know about yet. You'll learn about new reporting rules that carry $10,000 daily penalties, international tax requirements that affect "domestic" businesse…
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Is your CPA really helping you save money — or just filing your taxes? In this episode, we break down five smart questions every business owner should ask to find out if their CPA is doing enough. You’ll learn about key tax strategies like the Augusta Rule and family payroll, why meeting with your CPA year-round matters, and how to tell if it’s tim…
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Most people think putting their home in a trust is enough to protect their family — but that’s only the first step! In this episode, we break down the three must-do moves you have to make after putting your home in a trust. You’ll learn why telling your insurance company, county office, and mortgage lender matters so much — and how skipping these s…
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In this episode, Tiffany talks with Erica Ash from Fund Her about how women can take control of their business money without feeling lost or ashamed. Erica shares how most business owners avoid their numbers because they think they’re bad with money—but that’s just not true! You’ll hear real stories, simple tips, and powerful advice that will help …
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Want to make money from real estate without buying a house or dealing with renters? In this episode, we break down Real Estate Investment Trusts (REITs) — a smart and easy way to grow your money without the stress of being a landlord. You’ll learn how REITs work, why they pay out big dividends, and how they help you invest in places like shopping m…
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Get ready to rethink everything you know about taxes! In this episode, we dive into the weirdest — and totally legal — tax deductions you’ve probably never heard of. From backyard pools and body oil to pets that work for your business, we’re breaking down the surprising ways people have saved big with the IRS. You’ll hear fun stories, learn the rul…
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Breaking news! A massive tax bill just dropped, and I've spent 48 hours digging through all 389 pages so you don't have to! This game-changing bill could put thousands back in your pocket with 18 major tax changes including: • Tax-free tips and overtime pay for service workers • A bigger Child Tax Credit ($2,500 per child!) • New "MAGA Accounts" wi…
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Are you tired of paying too much in taxes? In this episode, we reveal 17 powerful tax strategies the wealthy use to save money — and how you can use them too! From hiring your kids and cutting your business taxes to saving on healthcare and even renting your home to your business, we break it all down in simple, clear steps. You’ll learn how smart …
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What if your kids could grow up smart about money—before life teaches them the hard way? In this episode, we talk about the 18 money lessons wealthy families teach their kids early on. You’ll learn how to help your child think about money, save smart, invest wisely, and build good habits. These lessons aren’t just for rich families—they’re for anyo…
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In this episode, I talk with Trevor Greenway, CEO and co-founder of InterVal — a company that's helping small business owners better understand the value of their business. Trevor shares how most owners don’t know what their business is worth, even though it’s usually their biggest asset! He explains why that’s a problem and how InterVal is solving…
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Think playing it safe with your taxes is smart? Think again. In this episode, we talk about the hidden dangers of “compliance culture”—doing everything by the book but still losing thousands of dollars. You’ll learn why just filing your taxes isn’t enough, how fear is costing you big, and what smart business owners do instead. We’ll break down real…
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What if the tax code wasn’t made to take your money—but to help you keep it? In this episode, we break down why over 99% of the tax code is actually full of ways to save on taxes… but only if you own a business or invest. You’ll learn how buying a business—yes, even in today’s economy—can unlock powerful tax savings. We talk about how to structure …
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In this episode, I chat with Andrew Jamison, CEO and co-founder of Extend, a FinTech company that helps small businesses take control of their spending. If you’ve ever worried about giving employees a company credit card or dealing with messy expense reports, this episode is for you! Andrew shares how Extend lets business owners safely hand out vir…
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Are you paying out-of-pocket for Ozempic or other weight-loss meds? You might also be paying too much in taxes—and not even know it. In this episode, we talk about smart ways to save money by turning medical costs into legal tax deductions. You’ll hear real stories from business owners who missed out on big savings and how they fixed it. We’ll brea…
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What happens when a country tries to tax the rich… and the rich just leave? That’s exactly what happened in Norway—and it cost them billions. In this episode, we break down why raising taxes on wealth didn’t go as planned, and what business owners and high-income earners can learn from it. You’ll hear what happened in Norway, what other countries l…
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In this episode, I sit down with Brett Swarts, founder of Capital Gains Tax Solutions, to talk about how business owners can legally avoid big tax bills when they sell their business, real estate, or even Bitcoin. Brett shares how a smart tool called the Deferred Sales Trust helps people keep more of their money — and not hand it over to the IRS. H…
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Ever wonder why you still feel broke—even when you make good money? It might not be your income. It could be your thoughts. In this episode, we break down 20 toxic money beliefs that are keeping people stuck. From “money is the root of all evil” to “I’ll start saving when I earn more,” we show you how these thoughts sneak in and hold you back. You’…
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What if the IRS took 40% of your next million? That’s not just a scare—Congress is working on a bill that could make it real. In this episode, we break down what H.R. 2534 means for business owners, high earners, and anyone with big income plans. You’ll learn what’s in the bill, how it could raise your taxes, and what smart people are doing right n…
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Is your business growing—or just getting more expensive? In this episode, we talk with Hillary Seiler, aka Coach Hill, a money coach to NFL teams and small business owners. She shares why cash flow—not sales—is the real key to business success. Hillary breaks down how to find where your money is going, what’s actually bringing in revenue, and how t…
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What if your tax bill could drop by thousands—just because of where you live? In this episode, we break down a new tax law being written in Washington that could raise the SALT deduction limit from $10,000 to $25,000. That’s big news for folks in high-tax states like California, New York, and even Texas. We explain what this change means, who could…
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Most business owners are paying way more in taxes than they should—and they don’t even know it. In this episode, we reveal the #1 mistake that’s costing entrepreneurs $10,000 to $20,000 (or more) every single year: picking the wrong business structure. Whether you're an LLC, S-Corp, or C-Corp, your setup could be helping or hurting your bottom line…
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What if your money problems aren’t just about money? In this episode, we sit down with Shang, founder of Save My Cents and author of Wealth is a Mindset, to explore how your thoughts and feelings about money can shape your financial future. Shang shares her own journey—from growing up in a frugal immigrant household to reaching financial freedom by…
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What if I told you Harvard’s free tuition wasn’t about kindness—but taxes? In this episode, we dive into a new bill called H.R.1128 that could cost big schools like Harvard and Yale hundreds of millions in taxes. To avoid the hit, Harvard made a big move: free tuition for families making under $200K. Sounds nice… but it was all strategy. So why sho…
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Are you missing out on free money from the IRS? In this episode, we break down the most overlooked tax credits that could put thousands of dollars back in your pocket. You’ll learn who qualifies, how to claim these credits, and why most small business owners don’t even know they exist. We share real stories—like Lisa, who overpaid $50,000 just beca…
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What if using cash could land you on a government watch list? In this episode, we break down a new rule that forces some businesses to report cash transactions over just $200. That’s a huge shift from the old $10,000 limit—and it could affect everyday people, not just criminals. We talk about how this rule started, who it really impacts, and what i…
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In this episode, we sit down with Jason Berube from Cornerstone to talk about a topic many business owners ignore—estate planning! Jason shares why planning for the future is key, especially if you own a construction or family business. We cover how to protect your wealth, avoid family fights, and make sure your business doesn’t disappear when you'…
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Did you just get hit with a huge tax bill—and wonder how it happened? You’re not alone. In this episode, we talk about the five biggest tax mistakes small business owners make that can cost you thousands of dollars every year. You’ll learn why your CPA might not be saving you money, how the wrong business structure could be hurting your bottom line…
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Are you working hard but still shocked by your tax bill every year? You’re not alone—and you don’t have to keep overpaying the IRS. In this episode, we’ll show you how to keep more of the money you earn by using smart, legal tax strategies. You’ll learn the big mistakes most business owners make, why your CPA might not be saving you money, and how …
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Are you running a business, or do you just own a job? Too many business owners get stuck in the daily grind, making it impossible to scale or eventually sell their company for real wealth. In this episode, we dive into how to build a business that works without you so you can grow, take time off, and even plan a profitable exit. You’ll learn: ✅ The…
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Thinking about selling your business? The 2026 tax changes could cost you big if you don’t plan ahead. In this episode, we uncover a little-known strategy that helps business owners sell their companies tax-free while protecting their employees and legacy—Employee Ownership Trusts (EOTs). You’ll learn: ✅ Why selling to private equity or a competito…
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Are you paying yourself the wrong way? Most business owners take a salary, thinking it’s the smart move—but it’s actually a tax trap! In this episode, we reveal how the wealthy pay themselves strategically to keep more money and give less to the IRS. You’ll learn: ✅ Why salaries cost you more in taxes than you think ✅ How S-Corp owners use distribu…
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Are you building a business you love—or one that’s running you into the ground? In this episode, I sit down with serial entrepreneur and financial expert Taylor Kovar to talk about the real cost of success and how to create a business that actually supports your life (not the other way around). You’ll learn: ✅ The 5 money personalities and how they…
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What if the IRS could help pay for your next vacation? Sounds crazy, right? But wealthy business owners have been using this legal tax strategy for years—and now, you can too! In this episode, tax strategist Tiffany Phillips reveals how to turn your travel expenses into business deductions, cutting your vacation costs by 40%, 50%, or even more. You…
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Tired of QuickBooks? Feeling overwhelmed by bookkeeping? You’re not alone! In this episode, I sit down with Lawrence Levinson, VP at Wave Accounting Software, to talk about simple, stress-free accounting for small business owners. We’ll break down: Why so many business owners struggle with QuickBooks (and if there’s a better option). How to make bo…
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Are you drowning in to-do lists, working long hours, and still feeling like you’re falling behind? The truth is, trying to do everything yourself is holding your business back! In this episode, we dive into the power of outsourcing and why smart entrepreneurs delegate to grow faster. Guest expert Addie shares how she built a thriving business by ou…
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What if you’ve been giving away thousands of dollars to the IRS—without even realizing it? In this episode, we uncover the shocking truth: The tax code isn’t designed to take your money; it’s designed to help you keep more of it! You’ll learn why business owners have massive tax advantages, how small tweaks can save you thousands, and why tax strat…
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