How to Make the IRS Pay for Your Next Luxury Vacation (Legally!)
Imagine this: You’re sipping an espresso in Paris, watching the Eiffel Tower light up at night, or maybe you’re lounging by the pool at a luxury resort in the Maldives, cocktail in hand. Now, what if I told you that the IRS could help you pay for it—legally and 100% by the book? It may […]
Made in America = Lower Taxes? The Truth About Trump’s New Tax Agenda
Lower Taxes – Running a small business is a thrilling adventure, but let’s be honest—it comes with its fair share of financial headaches. While you focus on growing your brand and keeping customers happy, financial missteps can sneak up and cause long-term damage. The good news? With the right knowledge, you can steer clear of […]
Stop Settling for Peanuts: The Tax Hack Your CPA Isn’t Telling You About
Tax Hack Your CPA – Running a small business isn’t just about passion—it’s also about making smart financial decisions that keep you afloat and growing. Whether you’re just starting out or have been in business for years, understanding how to manage your finances effectively is non-negotiable. Let’s dive into some of the most common financial […]
From VP to CEO: Lessons on Building a Thriving Business from Scratch with Guest Dr. Annie Cole
Starting a business is often portrayed as an exhilarating journey filled with fast growth and financial freedom. But the reality? It’s tough. It requires resilience, strategy, and most importantly—financial awareness. I recently had the pleasure of interviewing Dr. Annie Cole, a financial coach and the founder of Money Essentials for Women. In just under a […]
Private Equity Takeover Shocker: What Bench Accounting’s Fall Means for You
2024 ended with a jarring surprise for many small business owners: the abrupt closure of Bench Accounting on December 20th. As one of the most recognized online bookkeeping services, Bench’s shutdown left countless customers scrambling to access their financial records—just days before the year-end tax season preparations. To add another twist, only ten days later, […]
State Tax Loophole Every Entrepreneur Needs to Know About!
State Tax Loophole Every Entrepreneur Needs to Know About! If you’re like most small business owners, your days are packed. Between growing your business, managing your team, and keeping customers happy, there’s barely time to catch your breath—let alone think about taxes. But here’s the thing: tax planning doesn’t have to be overwhelming, and getting […]
BRICS Tariffs & Trump 2025: What Small Business Owners Need to Know
As we move into 2025, the economic landscape is poised for significant changes, especially with the re-election of Donald Trump and his stance on BRICS tariffs. This article aims to dissect what these tariffs mean for the economy, small business owners, and the broader implications from a tax perspective. What Are BRICS Tariffs? BRICS stands […]
Mastering 2024 Taxes: W-9s, 1099s, and Year-End Accounting Tips
As the year winds down, Thanksgiving and holiday festivities are upon us. While this season is full of excitement, it’s also the perfect time to prepare for tax season. The hustle and bustle of the holidays may make it tempting to procrastinate, but taking action now will save you time, stress, and money when tax […]
How the Election Could Impact Your Taxes as a Business Owner
Every election cycle brings questions and concerns about potential tax policy changes, and this year is no different. For small business owners, understanding what lies ahead in terms of tax policy is crucial for planning and long-term financial health. Let’s dive into what to expect, especially with the potential expiration of the Tax Cuts and […]
The Power of Tax Advisory: How Phillips Business Group is Helping Small Businesses Save
When running a small business, managing taxes can often feel overwhelming. Many small business owners simply focus on meeting deadlines and filing their tax returns, unaware of the potential savings that could be achieved with a proactive tax strategy. Phillips Business Group LLC, led by Tiffany Phillips, CPA, has made it their mission to help business […]