If you’re a business owner living in a state with high income taxes, this episode is for you! Discover a powerful tax strategy that could save you thousands of dollars. I break down how a special workaround called the Pass-Through Entity Tax (PTET) can help you get a bigger tax deduction while still benefiting from the standard deduction. This strategy is perfect for owners of S corporations or partnerships, especially in states like California, New York, and New Jersey.

We’ll dive into how the SALT cap affects your taxes, why this tax break is so valuable, and the steps to make sure you qualify. Plus, find out why 2025 could change everything. Don’t leave money on the table—tune in to learn how to maximize your tax savings!

Ready for expert advice? Click the link in the show notes to book a free tax assessment with my team.

Show notes details:

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

Did you know there’s a legal way to contribute to a Roth IRA even if your income is too high? In this episode, we’re uncovering the Backdoor Roth IRA strategy—a simple, two-step process that allows high earners to grow their retirement savings tax-free. We’ll break down who qualifies for a regular Roth IRA, how this strategy works, and the key things you need to know before using it.

We’ll also talk about why taxes might go up in the future and how this strategy could save you big in retirement. Whether you’re a business owner or just someone looking to make smarter financial decisions, this episode will give you the tools to start planning for a more secure financial future.

Tune in now to learn how to make the most of your retirement savings and protect your hard-earned money!

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

In this episode, we dive into the big buzz surrounding the Beneficial Ownership Information (BOI) Report. A recent court ruling has shaken things up, putting a temporary pause on the Corporate Transparency Act, and business owners are left wondering—should you still file or hold off? We’ll break down what this report is, what the court’s decision means, and how it might impact your business. With potential penalties of $500 a day, this is a critical issue you can’t afford to ignore.

Whether you’re a rule-follower or prefer to wait it out, this episode will help you understand your options and next steps. Stay informed, protect your business, and get the latest updates you need to make the best decision. Tune in now to stay ahead of the game!

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

In this episode, we dive into a big topic that could impact businesses across the U.S.—tariffs on BRICS nations. With Donald Trump preparing for 2025 and proposing a 100% tariff on Brazil, Russia, India, China, and South Africa, what does that mean for our economy, businesses, and taxes?

We break it all down, from the history of BRICS to how these tariffs could affect prices, supply chains, and small businesses. You’ll also learn about potential opportunities for growth, tax strategies, and why this shift could reshape global trade.

Whether you’re a small business owner, entrepreneur, or just curious about the economy, this episode will give you the insights you need to stay prepared. Plus, find out what actions you can take to protect your business and even thrive during these changes.

Tune in now to stay ahead of the game!

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

Are you missing out on business deductions that could save you money? In this episode, we dive into how almost any expense can be a business deduction—if you follow three simple rules. Learn how to document your expenses, understand IRS guidelines, and turn everyday costs like meals, travel, and even family expenses into smart tax savings.

We’ll break down the basics of audit-proofing your deductions and share easy tweaks that can lead to big benefits. Whether you’re a small business owner or seasoned entrepreneur, these tips will help you keep more of your hard-earned money while staying completely within the law.

Tune in to discover practical strategies for maximizing your deductions and making smarter financial decisions. Don’t leave money on the table—get the tips you need to reduce your tax bill today!

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

Get ready to make your 2024 tax season the easiest one yet! In this episode, we share simple, stress-busting tips to prepare for your business taxes before the year ends. From staying on top of your financials to handling W-9s and 1099s, we cover everything you need to know to avoid last-minute headaches. You’ll learn how to organize your records, work smarter with your CPA, and even save money with smart tax strategies.

Whether you’re behind on bookkeeping or thinking about switching tax preparers, this episode is packed with actionable advice to get you ready for 2025. Don’t wait until the last minute—start now and step into the new year confident and prepared.

Ready to take control of your taxes? Hit play and let’s get started! 🎧

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

Are you looking for a way to boost your cash flow right now? In this episode, we reveal an often-overlooked strategy that can help business owners like you put money back in your pocket immediately. Spoiler alert: it’s all about reducing your tax bill!

We’ll dive into how taxes are likely your biggest expense and how small adjustments can make a huge difference. You’ll learn why most business owners are overpaying and how quarterly tax planning can create instant cash flow without cutting corners.

If you’ve been stepping over dollars to save pennies, it’s time to rethink your approach. This episode is packed with actionable tips and real-life examples to show you how tax strategies can transform your finances. Don’t miss this chance to take control of your cash flow and start 2025 on the right foot!

Click play now to learn how to keep more of what you earn!

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa

Are you paying too much in taxes? Most small business owners are—and they don’t even know it! In this episode, we dive into how you can save 30% or more on taxes by making simple changes to what you’re already doing. Learn how to tell if you’re ready to work with a tax advisor, why proactive planning is a game-changer, and the steps to make sure you’re not leaving money on the table.

I’ll also share my personal story of helping my dad save big on taxes, what it taught me about transforming businesses, and why 80–90% of small business owners are missing out on major savings. If you’re tired of overpaying and ready to take control of your finances, this episode is for you.

Let’s make 2025 your year for smarter tax strategies and bigger savings!

Next Steps:

☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com

📲 Follow me on IG @ the.tiffany.p.cpa