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

Most people think debt is bad. But what if debt could actually make you rich? In this episode of Millionaire Tax Secrets, Tiffany Phillips breaks down how wealthy people use good debt to grow their money, create tax savings, and build long-term wealth.

You’ll learn the key difference between good debt and bad debt, why mortgages and business loans can actually help you, and how strategies like cash-out refinancing can give you tax-...

Most small business owners don’t realize that staying a sole proprietor or single-member LLC can cost them thousands every year. In this episode, Tiffany Phillips breaks down when and why you should switch to an S-corporation—and how it can cut your self-employment taxes by 15% or more. Learn the smart strategies behind setting a “reasonable salary,” how to balance salary and distributions, and why entity structure is the foundatio...

 What if the IRS helped pay for your business car or equipment? In this episode, Tiffany Phillips reveals how wealthy business owners use smart tax strategies to turn everyday purchases into massive tax savings. Learn how Section 179, bonus depreciation, and the “6,000-pound rule” can help you write off vehicles, equipment, and even buildings faster than you thought possible. Hear real stories of clients who turned tax savings into...

What if you could slash your tax bill using the same strategies as the ultra-wealthy? In this episode of Millionaire Tax Secrets, Tiffany Phillips reveals three advanced tax strategies that can save you thousands while building long-term wealth.

You’ll learn how oil and gas investments create rare tax deductions that offset active income, how private family foundations give you control over your giving while creating massive tax sa...

Most people chase one “magic” tax tip, but that’s not how wealthy families build lasting wealth. In this episode, Tiffany Phillips reveals The Trifecta System—a simple, proven framework that helps you create multiple income streams, lower your tax bill, and protect your wealth for the next generation. You’ll learn how to separate operations from assets, use smart tax strategies to maximize income, and set up legacy protection so yo...

Want to slash your tax bill fast? In this episode, Tiffany reveals the short-term rental strategy that high-income earners are using to save thousands. Forget the 750-hour Real Estate Professional rule—this method only needs 100 hours a year. With the 7-day rule, your rental is treated like an active business, unlocking powerful tax savings and deductions that can wipe out W-2 income.

You’ll learn how to qualify, track your hours, ...

 Most people think taxes are just money out the door. But what if you could legally cut your bill to zero? In this episode, we reveal the Real Estate Professional status—one of the most powerful tax strategies in the IRS code. You’ll learn how wealthy investors use real estate to create massive tax savings, why your spouse could be your biggest financial secret weapon, and how cost segregation turns properties into instant deductio...

Most business owners fear the tax code. But what if almost all of it was written to help you keep more of your money? In this episode, Tiffany Phillips shares the shocking truth: 99.5% of tax laws are incentives, not penalties. Learn how smart tax strategies can put thousands back in your pocket and why your CPA may not be telling you the full story. Stop overpaying and start using tax planning to build wealth. Don’t wait—your bigg...

What does a $14.6 billion healthcare fraud case have to do with your business? Everything. While criminals steal billions from taxpayer-funded programs, business owners like you are still overpaying the IRS every year. In this episode, we break down how government waste affects your bottom line—and why smart tax planning isn’t just good business, it’s your responsibility. You’ll learn why a proactive tax strategy matters, how tax r...

In this episode, we break down how Hulk Hogan built and protected a $25 million fortune—and the smart strategies you can use too. You’ll learn simple tax tips and wealth planning moves that keep more money in your pocket. From diversifying income streams to choosing the right state for tax savings, we cover real-life examples any business owner can follow. We’ll also unpack how trusts, life insurance, and tax strategy can help you ...

Most business owners are missing out on one of the most powerful tax strategies available. In this episode, you’ll learn how a Health Savings Account (HSA) can give you triple tax savings, grow your money for decades, and help you keep more of what you earn. We’ll break down the new rules, bigger contribution limits, and smart strategies to turn your HSA into a retirement powerhouse. This is simple, legal, and works for almost any ...

The IRS just made a big move that could cause headaches for business owners—and most people have no idea it’s coming. In this episode, you’ll learn what their new decision means for tracking tips and overtime pay, why the current tax forms won’t help, and how to protect your business from costly mistakes. We’ll cover simple tax tips and smart strategies to keep your payroll records audit-ready while helping employees get every doll...

Thinking about switching to an S-Corp—or staying with your LLC? This episode breaks down exactly what’s changed in 2025 and how to pick the right entity for your business. I walk you through the pros, cons, and the hidden costs nobody talks about. Whether you’re just starting out or making six figures, you’ll leave knowing what to do and when to make the switch.

Next Steps:

💰 Start Paying Less in Taxes – Grab a Copy of Your Bigg...

If you run an online business, you’re probably walking right into a tax trap—and you don’t even know it. In this episode, I walk through the five most common tax mistakes I see with digital entrepreneurs, content creators, and coaches. From write-offs to state nexus rules to what platforms like Stripe aren’t telling you, this episode is full of must-know strategies that could save you thousands.

Next Steps:

💰 Start Paying Less i...

Ever feel like you're making money but still falling behind? You’re not alone. In this episode, I reveal the #1 regret I hear from business owners and exactly what to do instead. We talk about cash flow mistakes, what most entrepreneurs get wrong with their finances, and how to build a plan that protects your income and grows your wealth. Simple shifts, big results. Don’t let this be your story too.

Next Steps:

💰 Start Paying Le...

Roth conversions can be one of the smartest tax moves you ever make—or one of the most expensive mistakes. In this episode, I show you how to time your conversions to maximize tax-free growth, avoid common traps, and decide if converting now makes sense. You’ll hear real-life stories of people who got it wrong (and lost big), plus how to structure your conversions if you’re still working or near retirement. This is advanced tax pla...

Think you can skip the salary and just take distributions from your S-Corp? Think again. In this episode, I break down the IRS rules around “reasonable compensation,” how to calculate the right amount, and the penalties for getting it wrong. We also talk about how to fix it if you’ve been doing it wrong for years—and yes, there’s a workaround. If you’re running an S-Corp or thinking about becoming one, this is one episode you can’t...

If you’ve got an LLC and you’re wondering how to actually pay yourself, this episode is your playbook. I break down how to take money out of your business legally, what the IRS really looks for, and the exact steps to avoid paying way too much in taxes. You’ll learn what an owner’s draw is, how self-employment taxes work, and when you must start thinking about becoming an S-Corp. This is about real money—tens of thousands in tax sa...

In this episode, Tiffany unpacks the deep connection between your money mindset and your bottom line. You’ll hear powerful stories from real clients who’ve saved over $60K in taxes—not just through smart tax strategies, but by transforming their relationship with money. If you’re a female entrepreneur tired of overworking and under-earning, this conversation will shift how you think about small business finance, wealth planning, an...