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

One missed move nearly cost a client $42,000. In this episode, Tiffany explains exactly what went wrong—and how to avoid it through proactive tax planning, smart tax strategy, and better cash tracking. This is your playbook for making strong money decisions, reducing surprise liabilities, and protecting your bottom line before tax season hits.   Next Steps: 💰 Start Paying Less in Taxes – Grab a C...

Tiffany unpacks how to legally reduce your tax bill while growing long-term wealth. Learn what high-earning business owners are doing differently, from tax minimization to smarter wealth planning and proactive CPA advice. This episode is built for anyone who wants to grow a business and still keep more of what they earn.   Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Exp...

Tiffany talks with Eric Patrick about building multiple income streams, landing brand deals, and developing the financial mindset needed for real growth. They also cover how to stay focused on the numbers, create a scalable brand, and make better money decisions as you grow.   Next Steps: 💥 Connect with Eric Negron on LinkedIn or Instagram 💰 Start Paying Less in Taxes – Grab a Copy of Your Bigge...

Employee Ownership Trusts (EOTs) could become a major tool for small business owners ahead of the 2026 tax reforms. In this episode, Tiffany breaks down how EOTs work, why they matter, and how to use them in your business tax planning. You'll also get insights on CPA tax advice, tax deductions, and strategies to structure your company smarter—before the law changes.   Next Steps: 💰 Start Paying L...

Most small business owners pay themselves the wrong way—and it costs them. In this episode, you’ll learn how to pay yourself smarter, keep more of your profits, and avoid tax surprises. We talk about why cutting yourself a paycheck can hurt your business tax planning, how to separate personal and business finance, and the best savings strategies to build long-term wealth. You’ll hear simple tips o...

Taylor Kovar built and sold companies, became a financial planner, and wrote books on money and relationships. In this episode, he shares what most entrepreneurs ignore: how chasing success without balance can wreck your marriage, your mental health, and your future. We dig into the five money personalities, why couples fight about money, and how understanding your money mindset can improve commun...

What if your next luxury vacation could be a tax deduction? In this episode, Tiffany Phillips, tax strategist and author of Your Biggest Expense, reveals how business owners and entrepreneurs can legally use IRS rules to make travel work for them. You’ll learn how the wealthy structure their trips so flights, hotels, and meals become deductible, how to plan business activities that meet IRS requir...

If QuickBooks feels complicated or expensive, there’s another way. In this episode, Tiffany talks with Lawrence Levinson, VP at Wave Accounting Software, about tools designed for service providers, solo entrepreneurs, and new business owners who need an easier way to manage their books. Lawrence explains how Wave helps reduce overwhelm, why separating personal and business finances is non-negotiab...

Most business owners try to do everything themselves—and it’s costing them time, money, and their sanity. In this episode, Tiffany talks with Abbey Ashley, founder of The Virtual Savvy, about how to start outsourcing, hire your first VA, and finally get out of your own way. Abbey shares her journey from a basement apartment to building a thriving business with a team of nine, the simple steps to f...

Most people pay way more in taxes than they need to—simply because they don’t know the rules. In this episode, Tiffany Phillips explains why the IRS actually wants you to pay less and how to take advantage of the tax strategies that the wealthy have been using for years. You’ll learn the difference between tax compliance and tax strategy, how business owners unlock massive deductions, and why bein...

Doing your own books or taxes might feel scrappy and smart—until it costs you thousands. In this episode, Tiffany Phillips explains why DIY accounting often leads to overpaying the IRS, missed deductions, and costly mistakes. She shares real-life examples of errors she sees all the time on self-prepared returns, including misclassified entities, improper depreciation, and payroll mistakes. You’ll...

Insurance costs are rising while coverage is shrinking, leaving small business owners exposed. In this episode, Tiffany talks with Van Carlson, founder and CEO of SRA 831B Admin, about how 831B microcaptives can be a game-changing tax strategy for entrepreneurs. They dive into how to manage business risk, reduce taxes, and build a financial safety net for unexpected events like lawsuits, audits, s...

What does it really take to build, scale, and sell a business for millions? In this episode, Tiffany talks with Eric Malka, co-founder of The Art of Shaving, about his journey from starting with nothing to selling his company to Procter & Gamble. Eric shares the key principles that helped him grow from a single small store to a national brand, including building a solid foundation, developing...

If you’re selling a business, investment property, or stock with major capital gains, this episode is for you. Tiffany reveals a powerful tax strategy—the Deferred Sales Trust—that can significantly reduce capital gains taxes and keep more of your money working for you. Learn how a deferred sales trust works, why it’s more flexible than a 1031 exchange, and how it helps business owners, real estat...

Getting a business loan today feels impossible with high interest rates—but there are smart ways to do it. In this episode, Tiffany talks with Elizabeth Gore, co-founder and president of Hello Alice, about how small business owners can access capital, lines of credit, and grants without falling into predatory lending traps. Elizabeth explains why building a relationship with a local bank is critic...

Growing up, I watched my dad run his construction business alone—doing everything himself. It taught me how burnout happens when you try to control everything. In this episode, I share how his example shaped my early years as a business owner, why I fell into the same trap, and how I finally made the decision to build systems, delegate, and grow a team. I talk about shifting from a solopreneur min...

In this episode, Tiffany talks with Kevin Knull, CFP and President of Tax Status, about a growing financial threat that many small business owners overlook: tax-related identity theft. Kevin explains how fraudsters can steal refunds, file fake returns, and even collect income under your Social Security number. He shares how ongoing IRS account monitoring can alert you early, helping protect your m...

If you’ve ever been told you make too much to contribute to a Roth IRA, this episode is for you. Tiffany explains a powerful advanced strategy known as the “Wealthy Roth IRA,” using indexed universal life insurance to create a tax-free income stream in retirement. You’ll learn how high-income earners and business owners can work around Roth IRA income limits, reduce taxes in retirement, and protec...

In this episode, Tiffany breaks down five key tax changes coming under Trump’s new tax agenda and what they mean for business owners. From eliminating taxes on tips, overtime, and Social Security benefits, to raising the SALT deduction cap, and closing loopholes for billionaires and hedge fund managers, these updates are set to shift how taxes affect workers and entrepreneurs. Tiffany also explain...

In this episode, Tiffany reveals one of the most underutilized tax strategies for high-income earners: the cash balance plan. If you own a profitable business and feel limited by IRAs, 401(k)s, or SEPs, this advanced retirement strategy can supercharge your savings and cut your tax bill. Tiffany explains how cash balance plans work, who qualifies, how contributions are calculated (often allowing $...

In this episode, Tiffany uncovers one of the most overlooked tax elections that can protect your business from costly mistakes and IRS audits. If you own a business and purchase equipment, computers, or other fixed assets under $2,500, this simple de minimis election can allow you to fully expense them in the year of purchase instead of depreciating them over time. Failing to make this election co...

In this episode, Tiffany sits down with Greg Luken, financial advisor and author of Unleash Your Financial Superpowers, to explore what separates people who build lasting wealth from those who lose it. Greg shares his journey from modest beginnings to leading a firm that helps first-generation wealthy families navigate financial success. They talk about the biggest mistakes business owners and pro...

In this episode, Tiffany lays out the five biggest financial mistakes that can derail your 2025—and exactly how to fix them before they do damage. She covers why closing out your 2024 books and doing a financial review is critical, how to set stretch goals and build a realistic budget, the importance of reviewing tax strategies early in the year, and the role of cash flow management in keeping you...

In this episode, Tiffany shares the exact method she used to create her 2025 “battle plan” and finally gain clarity and focus for her business goals. After years of avoiding structured goal setting out of confusion and overwhelm, Tiffany walks through a practical, simple framework that breaks your big annual goal into quarterly focuses and monthly action steps. You’ll learn how to identify your on...

In this episode, Dr. Annie Cole shares her journey from startup VP to successful entrepreneur and founder of Money Essentials for Women. Annie talks about how she built her business in just seven months, the challenges of leaving a job to start a business, and the financial strategies that helped her grow quickly. You’ll hear practical advice on small business finance, smart strategies for managin...