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

In this episode, we uncover the truth about U.S. tax laws and how 99.5% of them are designed to help you reduce taxes—not pay more. You’ll learn why most CPAs don’t talk about these strategies and how business owners and investors can legally leverage tax planning to keep more of their money. We dive into business tax incentives, tax deductions, and smart strategies around tariffs, R&D tax cre...

In this episode, we dive into the number one IRS audit trigger you’re probably overlooking and how to protect yourself. We explain why Schedule C filers are at the highest risk for IRS audits, what the IRS looks for during an audit, and why entity structure matters. You’ll learn how to reduce audit risk by setting up an LLC, separating your finances, and choosing the right tax filing status. We al...

In this episode, holistic financial coach Hanna Morrell shares how toxic money myths and childhood programming shape the way we think about finances as adults. Hanna explains why shame, guilt, and perfectionism often trap even high-income earners, leaving them feeling stuck and isolated. She offers practical steps to build a healthier financial mindset, including how to identify harmful money stor...

In this episode, Tiffany opens up about the biggest mistake entrepreneurs make—waiting for perfection instead of just starting. She shares personal lessons from building her podcast and business over the last two and a half years, including why action matters more than perfect planning. If you’ve been holding back on launching a business, side hustle, or new idea because it’s not “ready,” this con...

In this episode, we break down the difference between tax evasion and tax avoidance—and why it matters to your financial health. You’ll hear about some of the biggest celebrity tax scandals in U.S. history, from Willie Nelson and Lil Wayne to Wesley Snipes and Nicolas Cage, and what led them into trouble with the IRS. More importantly, you’ll learn how to avoid these costly mistakes using legal ta...

If your 2025 goal is to grow your business beyond 2024, this episode is for you. Learn why delegation is the most overlooked growth strategy and how it can free up your time, energy, and focus to take your business to the next level. I share lessons from nine years of entrepreneurship, including how to overcome the fear of letting go, how to build systems and workflows that make delegation effecti...

Start 2025 with a clear tax strategy. In this episode, you’ll learn the five essential steps every business owner should take to legally reduce taxes and keep more of their hard-earned money. From choosing the right business structure to paying your kids, using retirement plans, capturing every deduction, and leveraging investments, these strategies will help you stop overpaying and take control o...

2025 is here, and it’s time to take control of your small business finances. In this episode, we dig into the top three mistakes business owners make that keep them broke year after year—and exactly how to fix them. You’ll learn why timely bookkeeping matters, how to handle receipts and financial records so you’re audit-ready, the right way to manage quarterly estimated taxes, and why proactive ta...

When Bench Accounting suddenly shut down at the end of 2024 and was scooped up by private equity days later, thousands of business owners were left scrambling for their financial records. In this episode, we unpack what happened, why so many businesses were caught off guard, and what this takeover means for you. More importantly, you’ll learn how to protect yourself from ever being in this situati...

This episode is a pause to reflect on 2024 and the lessons, wins, and gratitude that shaped the year. From reaching 110,000 podcast downloads to personal health breakthroughs, building clarity in business, and creating a stronger team culture, I share the key things I’m thankful for and why they matter going into 2025. You’ll hear how focusing on gratitude, improving leadership, and letting go of...

In Part 2 of this series, we continue the deep dive into how to tell if your CPA is really on your side—or silently playing for Team IRS. Building on Episode 168, this episode gives you three more powerful questions to ask when you’re hiring a CPA or assessing your current one. You’ll learn why mindset matters, how to tell if they think strategically about tax planning, why a clear, written tax st...

Most business owners believe payroll is their biggest expense, but the truth is it’s taxes—and the wrong CPA can cost you far more than you realize. In this episode, you’ll learn why your CPA might be unknowingly working against you and how to tell if they’re truly helping you reduce your tax bill. I break down three crucial questions to ask your tax professional to find out if they’re on Team IRS...

Growth doesn’t happen by accident. As 2024 wraps up, it’s time to get intentional about how you’re going to grow and lead your business in 2025. In this episode, I share the three key actions I’m taking to set up a strong new year—and how you can apply them in your own business. You’ll hear why most business owners play it too safe when setting goals, how to delegate effectively, how to document a...

This episode breaks down four key moves every entrepreneur should make to grow their business in 2025. From improving your mindset to building strong systems, you’ll learn how to prepare yourself for the next stage of growth. We cover why investing in yourself matters, how to create workflows and systems that run without you, and why training and trusting your team is essential. You’ll also hear w...

If you run a business in a state with income tax, this episode shows you how to legally lower your taxes using the pass-through entity tax (PTET). Learn how this state-level tax strategy lets you deduct state and local taxes directly on your business return instead of losing the benefit under the $10,000 SALT cap. We break down how PTET works, which states allow it, what types of income qualify, a...

In this episode, learn how high-income earners can still build tax-free wealth using the backdoor Roth IRA strategy. We break down who qualifies for a Roth IRA, current income limits, and why most business owners are locked out of direct contributions. You’ll discover how to use a traditional IRA to legally move money into a Roth IRA, why timing matters, and how to plan with a CPA and financial ad...

This episode breaks down the latest updates on the Beneficial Ownership Information (BOI) reporting requirements and how a recent federal court injunction affects U.S. business owners. Learn what the Corporate Transparency Act (CTA) is, who must file, and what the penalties look like. We explain why the Texas court halted enforcement, what this temporary suspension means for you, and how to decide...

In this episode, we unpack what Donald Trump’s proposed 100% tariffs on BRICS nations—Brazil, Russia, India, China, and South Africa—could mean for U.S. businesses in 2025. Learn why these tariffs matter, how they affect supply chains, inflation, and global trade, and the specific ways small business owners can prepare. We cover opportunities that may come from reshoring manufacturing, the potenti...

In this episode, learn how to turn everyday business expenses into bigger deductions with three IRS-approved rules. Many small business owners miss out on deductions because they don’t know how to structure expenses correctly. We break it down: how to make sure an expense has a clear business purpose, what counts as “ordinary” in your industry, and how to prove an expense is necessary for generati...

This episode walks you through exactly how to prepare your business for 2024 year-end taxes so you can avoid stress in tax season. You’ll learn why keeping your financials up to date is critical, how to handle 1099 reporting, and why collecting W-9s from contractors before payment is non-negotiable. We also cover tips for organizing your books, using QuickBooks or other tools to track vendors, and...

In this episode, learn how to turn cash flow struggles into surplus by focusing on the biggest expense most business owners overlook: taxes. Instead of stressing over late payments or small cost cuts, we explain how tax planning can free up thousands of dollars quickly. Discover how quarterly tax reviews, proactive strategy, and smart CPA partnerships can reduce overpayments and leave more cash in...

Most business owners overpay taxes by 20–30% simply because they’ve never worked with a CPA who actively plans and implements strategies all year long. In this episode, you’ll hear how proactive tax planning works, how to know if you’re ready for it, and why a traditional once-a-year tax prep mindset is costing you thousands. We explain what a true advisory engagement looks like, how small changes...

Sold your house for a big gain? In this episode, we break down exactly how capital gains taxes work on a home sale and three strategies you can use to reduce or even eliminate the tax bill. Learn why the popular 1031 exchange doesn’t apply to personal residences, how the IRS $500,000 exclusion works, and why you still need to report the sale even if you qualify for the exclusion. Then we dive into...

Should you put your spouse on payroll? This episode explains why paying your spouse from your business can be a smart move and how to do it right. We cover the tax benefits, including deductions for travel, extra retirement contributions, and how to structure pay so you avoid payroll taxes using a medical expense reimbursement plan. You’ll learn the rules for making it IRS-compliant—job descriptio...

As year-end approaches, many business owners scramble to reduce taxes by buying equipment—but is that really the smartest move? In this episode, we unpack the key questions you need to answer before leasing or buying equipment. Learn how to decide if a purchase makes sense based on ROI, cash flow, and your projected 2024 vs. 2025 tax liability. We explain the difference between a capital lease and...