81 \ Beyond the Bottom Line: Strategic Hiring for Business Breakthroughs
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
3d ago
Get ready to dive into the big question every growing business faces: When's the right time to hire? ? In this episode, we chat about all things hiring - from figuring out if you need an extra hand to making sure your cash flow can handle it. We'll walk you through real-life scenarios, share personal stories, and give you smart tips to decide if it's time to expand your team or maybe wait a little longer. ? Whether you’re a solo entrepreneur or running a busy company, this talk is packed with insights to help you make confident decisions that fit your business perfectly. Tune in and let's take ..read more
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80 \ 2024 LLC Update: Navigating New Beneficial Ownership Reporting
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
4d ago
In this must-listen episode, we dive into the brand-new 2024 rules for LLCs: the Beneficial Ownership Reporting. We know it sounds like a big deal, and it is, but don't stress! We're here to break it all down for you in simple steps so you can stay on top of things and avoid those scary penalties. Whether you've had your LLC for a while or just starting out, we've got all the info you need to make sure you're in the clear. Plus, we're tackling some tricky questions about CPAs and legal advice.  If you're a business owner with an LLC, you won't want to miss this episode. Tune in to stay in ..read more
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79 \ Mastering Partnership LLC Paychecks: Your Guide to Smart Payments
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
1w ago
In this episode, we dive into a real-life question from a listener about how to pay themselves in a Partnership LLC. We explore the ins and outs of drawing a salary, the role of operating agreements, and the concept of guaranteed payments. Whether you're new to business or looking to streamline your finances, we break down the complexities into easy-to-understand advice. Plus, we touch on the decision between staying as a Partnership LLC or considering other structures like an S Corp. Don't miss out on practical tips to navigate the financial side of your business with confidence. Join us to c ..read more
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78 \ Thriving in Business: Navigating Your Path with the 6 Human Needs
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
1w ago
In this enlightening episode, we dive into the fascinating world of the six human needs and how they're secretly shaping your business success. Coined by Tony Robbins, these needs influence everything we do, sometimes without us even realizing it! From childhood influences to our quest for certainty and significance, we explore how these deep-rooted desires can either fuel our growth or hold us back. Whether you're an established business owner or just starting out, understanding these needs can transform the way you approach your goals. Join us as we uncover practical tips to harness these in ..read more
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77 \ The Hidden Tax Trap: Overpaying Through Overcompensation
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
2w ago
  In this eye-opening episode, we dive into a common yet sneaky mistake many business owners make—overpaying in taxes by paying themselves too much salary. It's easy to fall into this trap without even realizing it, but don't worry, we've got your back! We'll explore what overcompensation is, how it leads to unnecessary tax payments, and most importantly, how you can avoid it.   Whether you're a seasoned business owner or just starting out, you'll learn valuable tips on optimizing your salary to keep more money in your pocket. Tune in to discover how to make smart salary decisions th ..read more
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76 \ Slash Your Tax: Strategies for High Net Worth Individuals
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
2w ago
Ready to keep more of your hard-earned money away from taxes? This episode dives into the secrets of the tax code, especially for the high rollers without a business. We're unpacking why owning a business is key to slashing taxes and sharing real stories from high earners like you who've turned the tide on their tax bills. Discover how starting a business or investing in one can be your golden ticket to tax savings. Whether you're pondering a side hustle or a full-scale enterprise, we've got actionable tips to make the tax system work for you. Tune in to transform how you handle your finances ..read more
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75 \ Navigating the Intangibles: Mindset Mastery for Business Owners
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
3w ago
Get ready to dive deep into the unseen parts of your business that are key to your growth and abundance! In this eye-opening episode, we explore how mindset and emotions secretly shape your business success. You'll hear personal stories and insights on intertwining personal growth with professional progress, and why it's essential to master both. Learn why change, although tough, can lead to amazing things, and how controlling your emotions and rewriting your personal stories can power up your business. Whether you're a seasoned entrepreneur or just starting out, this episode will challenge yo ..read more
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74 \ 2024 Payroll Tax Guide: Understanding Medicare, FICA, and Self-Employment Taxes
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
3w ago
In today's episode, we dive into the often confusing world of payroll taxes. We cover everything from FICA and FUTA to Medicare taxes and the unique aspects of self-employment taxes. Whether you're a new business owner or just looking to better understand how payroll taxes work in 2024, this episode has got you covered! We break down the complexities of these taxes in a simple, easy-to-understand way, ensuring you feel more confident and empowered in managing your business's finances. Get ready to gain clarity on paying yourself as an S Corp owner, the differences in taxes for various business ..read more
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73 \ Maximize Profits, Minimize Taxes: Business Tax Essentials in 2024
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
1M ago
In this must-listen episode, we dive into the crucial world of business taxes and how you might be paying more than necessary. It's 2024, and it's time to take control! We'll explore four common reasons why businesses often overpay in taxes. This episode isn't just about numbers; it's about empowering you, the business owner, with knowledge and strategies to save money. We also discuss the latest tax law changes and how they could impact your business. Whether you're a seasoned entrepreneur or just starting out, you'll find valuable insights on how to navigate the complex tax landscape. So, tu ..read more
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72 \ Tax Alert: The 2024 Tax Relief for American Families and Workers Act Explained
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Financial Systems, Tax Deductions
by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
1M ago
Get ready for an essential update on the Tax Relief for American Families and Workers Act of 2024! In this episode, we're diving into the upcoming tax changes that might impact you and your business. We'll explore the key highlights of the new bill, including adjustments to child tax credits, R&D expenses, and much more. Whether you're a working professional, a business owner, or just someone who wants to stay informed, this episode is packed with valuable insights. So grab your coffee and a notepad, and join us as we break down these important tax law changes in a way that's easy to under ..read more
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