SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice

Trump’s election win raises big questions about how tax policy could shift for business owners. In this episode, we unpack what you need to know right now. Tiffany breaks down the looming 2025 sunset of the Tax Cuts and Jobs Act, why QBI deductions and lower tax brackets are at stake, and what a Trump administration is likely to prioritize. She also shares insights on potential tax reforms, tariff...

Most business owners are running their companies based on where they are today, not where they want to be three years from now—and it’s keeping them stuck. In this episode, Tiffany opens up about how shifting her mindset and working with coaches has changed how she builds her team, makes decisions, and creates growth. She explains why a clear, documented vision isn’t optional, how to bring your te...

No business owner wants an IRS audit—but hoping it won’t happen isn’t a strategy. In this episode, Tiffany breaks down seven practical steps to make sure your business is ready if the IRS comes calling. From keeping airtight records and understanding how to respond to notices, to documenting deductions properly and knowing your rights, she explains exactly how to protect yourself. Whether you’re o...

Sales tax is one of the most confusing—and dangerous—areas for business owners to get wrong. In this episode, Tiffany cuts through the noise and explains the 10 most important things you need to know about state sales taxes. From understanding nexus rules and registering for permits to dealing with multi-state online sales, resale certificates, filing deadlines, and keeping records, this episode w...

If your small business earns income across multiple states, you may be paying more tax than you should. In this episode, learn how different state tax rules work, why income earned in other states can create hidden tax bills, and how to fix it. Discover the five key things every business owner must know about residency, non-resident state returns, income allocation, and reciprocity agreements. You...

Growing a business past the early hustle and into the million-dollar range is exciting—but it’s also hard. In this episode, we dive into the “messy middle,” that stressful stage between $1M and $3M in revenue where owners feel stuck, overwhelmed, and unsure how to move forward. You’ll learn why this stage is normal, how to shift your mindset, and the key strategies to overcome it: building solid S...

The 2024 election is weeks away, and tax policy could shift dramatically depending on who wins. In this episode, Tiffany breaks down the key tax proposals from Donald Trump and Kamala Harris and explains how they could affect small business owners. You’ll learn about plans to change corporate tax rates, extend or sunset the Tax Cuts and Jobs Act, new credits for startups, potential increases to ca...

In this episode, Tiffany reveals the exact strategies she used to save a client couple $67,581 in taxes. You’ll hear how a financial advisor and a CPA—both professionals—still missed major opportunities for tax planning until they partnered with an expert. This deep dive walks you through how S-corporation elections, the Augusta strategy, accountable plans, oil and gas investments, home office ded...

The year is almost over, and if you want to cut your 2024 tax bill, now is the time to act. In this episode, Tiffany walks you through seven critical tax planning steps every small business owner should take before December 31st. Learn why keeping your books current, reviewing contractor W-9s, calculating estimated taxes, planning retirement contributions, leveraging real estate, investing strateg...

If you own an S corporation, pulling too much money out of your business can create costly tax problems. In this episode, learn why excess distributions can trigger a shareholder loan, capital gains taxes, and IRS audits—and how to avoid them. You’ll discover clear steps to document loans with a promissory note, set up proper interest payments, and keep your business tax-compliant. Perfect for sma...

Financial data breaches can destroy a business. In this episode, learn practical CPA advice on how to safeguard your financial information from hackers and avoid costly mistakes. We cover why two-factor authentication is non-negotiable, how password managers like 1Password can protect your accounts, why updating your software matters, and how to avoid weak security questions that hackers can guess...

Are you trying to grow your business alone? In this episode, learn why hiring a coach or advisor can change everything. Through personal stories about working with multiple coaches—from golf to business—you’ll see how outside guidance improves mindset, leadership, and time management. We dive into research showing how coaching increases revenue, boosts success rates, and helps business owners hit...

Most small businesses fail not because of lack of effort, but because of poor financial decisions. In this episode, we break down eight of the most common financial mistakes business owners make—and how to avoid them. From ignoring cash flow and losing track of costs, to failing at tax planning, relying only on savings, mishandling debt, chasing growth instead of scaling, skipping financial planni...

Most small business owners overpay taxes because they don’t know this IRS-approved strategy. In this episode, learn how medical expense reimbursement plans (HRAs, QSEHRAs, and ICHRAs) can let your business pay for medical expenses tax-free—and even allow you to pay your spouse without payroll taxes. We break down exactly how these plans work, what counts as qualified expenses, and why proper docum...

One of the top reasons small businesses get audited by the IRS has nothing to do with revenue—it’s sloppy bookkeeping. In this episode, learn why mixing personal and business finances is one of the biggest audit risks and what to do about it right now. We break down why commingling funds is a red flag, how it can pierce your LLC’s legal protection, and the simple steps you can take to separate acc...

Are you holding your business back without realizing it? In this episode, learn how the need to feel indispensable can keep you stuck in day-to-day tasks and stop your business from growing. Through a candid conversation with her business coach, Tiffany shares the surprising mindset shift that changed how she runs her business—and why stepping back can actually move your company forward. You’ll he...

The Tax Cuts and Jobs Act capped state and local tax (SALT) deductions at $10,000, hurting many business owners in high-tax states. But there’s a workaround most don’t know about. In this episode, learn how pass-through entity (PTE) taxes can let you deduct state income taxes at the business level instead of on your personal return, bypassing the SALT cap. We’ll cover which states allow this elect...

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 volume-based business and a true advisor. Just like a rushed cleaning isn’t the same as a specialized dentist who takes time to understand your health, a typical tax preparer isn’t the same as a tax st...

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 overpayment: poor communication with your CPA, lack of tax planning, outdated business structures, and never having a proactive advisor on your side. Tiffany explains how the right tax strategist can he...

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 business losses, and why proper records, a business plan, and separate finances are critical. You’ll hear how to show a true profit motive, build a paper trail, and avoid costly tax mistakes that can come fro...

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 hiring from targeted groups like veterans, long-term unemployed workers, and youth in specific areas. You’ll learn exactly who qualifies, how much you can save, and the steps you must take—including pre-scr...

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 so you can make smart money decisions. Learn how leasing affects cash flow, tax deductions, and staying current with technology. Understand how buying impacts tax savings, asset ownership, and long-term...

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 each impacts your business tax and cash flow. Discover why timing matters, when it’s smarter to spread deductions, and how to avoid wasting tax benefits. We also cover common mistakes business owners m...

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 thousands. Learn why your business structure matters, how S Corp wages and the qualified business income deduction can save you money, and what strategies—like retirement contributions, home office deductions...

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, and use margin analysis to find hidden weaknesses in your financials. We also explain how to calculate your break-even point and why knowing customer profitability can transform your bottom line. Real...