Tiffany Phillips CPA public
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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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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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Are you really saving money by doing your own taxes and accounting? Or could you be making costly mistakes without even knowing it? In this episode, we dive into the pros and cons of DIY taxes, the common traps business owners fall into, and how small errors can lead to big tax bills. I’ll share real-life examples of DIY tax mistakes (including one…
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Are you paying more for business insurance but getting less coverage? You’re not alone! In this episode, we dive into the insurance crisis that’s leaving business owners exposed to huge risks. Tiffany talks with Van Carlson, CEO of SRA 831B Admin, about a smarter way to protect your business. Van shares how traditional insurance is changing and why…
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Want to grow your business and maybe even sell it for millions? In this episode, I sit down with Eric Malka, the entrepreneur who built The Art of Shaving from scratch and sold it to Procter & Gamble. Eric shares the hard truths about scaling, why most businesses fail, and how to build a strong foundation for long-term success. We dive into the big…
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Are you about to sell your business or real estate and worried about a massive tax bill? In this episode, I reveal a powerful tax strategy I’ve never shared before—one that can help you legally defer capital gains taxes and keep more of your hard-earned money. A Deferred Sales Trust is a smart alternative to a 1031 exchange, allowing you to reinves…
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Interest rates are sky-high, and getting a business loan feels harder than ever. But don’t worry—there are smart ways to get the funding you need without overpaying or falling into a financial trap! In this episode, I sit down with Elizabeth Gore, Co-Founder & President of Hello Alice, to talk about the best lending options for small business owner…
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Growing up, I watched my dad run his business all by himself—no team, no support, just long hours and total burnout. At first, I followed the same path, thinking I had to do everything on my own. But then, I realized this was the biggest mistake holding me back. In this episode, I share how I broke free from the solo business trap and built a stron…
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Did you know your tax refund could be stolen before you even file your return? In this episode, we sit down with Kevin, CEO of TaxStatus, to uncover shocking fraud risks that most people don’t know about. With over 272 million Social Security numbers leaked, scammers are filing fake tax returns, stealing refunds, and even collecting government bene…
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Think you make too much money to have tax-free income in retirement? Think again! In this episode, we uncover a powerful strategy that high-income earners can use to build a steady, tax-free income stream—without a Roth IRA. You’ll learn: ✅ Why taxes in retirement could be higher than you expect ✅ How the wealthy use a special kind of life insuranc…
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Big tax changes are coming fast! In this episode, we break down five major tax changes the Trump administration is planning. From no more taxes on tips and overtime to cutting tax breaks for billionaire sports team owners, these changes could have a big impact on your business and personal finances. We’ll cover how adjusting the SALT deduction cap …
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Are you a business owner or high-income earner looking for a smarter way to save for retirement? In this episode, we’re uncovering a little-known retirement strategy that could let you contribute up to $300,000 annually while slashing your taxes. It’s called a cash balance plan, and it’s a game-changer for profitable businesses. We’ll break down ho…
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Are you unknowingly overpaying on your taxes? In this episode, I uncover a crucial IRS election that many business owners miss—the De Minimis Safe Harbor Election. This simple step allows you to expense smaller assets upfront instead of depreciating them over years, saving you money and reducing your tax burden. I’ll walk you through what this elec…
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Are you building wealth but unsure how to keep it? In this episode, financial expert Greg Luken shares the secrets of first-generation wealthy individuals—what sets them apart, the mistakes they avoid, and the superpowers that help them grow and protect their money. Greg breaks down the three must-have financial skills and reveals the seven "wealth…
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Ready to make 2025 your best year yet? In this episode, I’m sharing five essential tips to set your business finances up for success. These simple yet powerful strategies will help you avoid common mistakes, take control of your cash flow, and create a solid financial plan for the year ahead. We’ll cover how to review last year’s performance, set m…
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Feeling overwhelmed about setting goals for 2025? You’re not alone! In this episode, I share the exact step-by-step method I used to create a clear, actionable plan for my business this year. This process, called the “2025 Battle Plan,” helped me go from confused and stuck to focused and energized—and it can do the same for you. I’ll guide you thro…
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In this episode, I sit down with Dr. Annie Cole, founder of Money Essentials for Women, to talk about her incredible journey from employee to entrepreneur. In just seven months, Annie built a thriving business with 22 coaches helping women master their finances and achieve their goals. She shares tips on transitioning from a full-time job to runnin…
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Did you know that 99.5% of tax laws are actually written to help you save money? Most business owners and investors have no idea—and that’s costing them big time. In this episode, we dive into how the U.S. tax code is designed to benefit entrepreneurs and investors, why many CPAs aren’t telling you this, and what you can do right now to start keepi…
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In this episode, we’re diving into one of the scariest topics for small business owners: IRS audits. Are you wondering what could trigger an audit? Or how to protect yourself and your business? You’re in the right place! We’ll break down the number one audit trigger most people don’t know about, share tips to avoid landing on the IRS’s radar, and e…
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Are you making great money but still feel like you’re stuck living paycheck to paycheck? Do guilt and shame sneak in when you think about your finances? In this episode, Tiffany talks with holistic financial coach Hanna Morrell, who shares a fresh, empowering approach to personal finance. Hanna dives into how our money mindset is shaped by stories …
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In this episode, I’m sharing the lessons I’ve learned after two years of growing my business—and what I wish I had known when I started. Whether you’re a brand-new business owner or a seasoned pro, you’ll find practical tips to help you take your next steps with confidence. We’ll talk about the power of starting messy, learning as you go, and not l…
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In this episode, we’re diving into the fascinating world of tax evasion and uncovering the differences between tax evasion (illegal!) and tax avoidance (smart and legal!). We’ll explore the top 10 shocking IRS cases of tax evasion, featuring celebrities and high-profile figures like Willie Nelson, Nicolas Cage, and Lil Wayne. You’ll hear how their …
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Are you ready to take your business to the next level in 2025? In this episode, we’re talking about the #1 thing holding most business owners back from real growth: delegation. I’ll share why trying to do it all yourself is costing you time, energy, and profits—and how letting go can unlock the freedom you’ve been craving. Whether you’re stuck in d…
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Start 2025 off right by saving money on your taxes! In this episode, we’re sharing five simple yet powerful tax strategies that can help you avoid overpaying and keep more of your hard-earned money. Whether you’ve never done tax planning or just want to improve your approach, this episode is packed with tips for small business owners. We’ll cover h…
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