Podcasts about overpaying

You may already have capital gains this year, but that does not always mean the tax bill is locked in. In this episode, Tiffany Phillips, CPA and Tax Strategist, breaks down how one client used tax-loss harvesting to offset $47,000 in capital gains before year-end. You'll learn how the 61-day wash-sale window works, why automatic reinvestments can create problems, and how specific-lot identification can change your tax savings. Tiffany also explains what happens when your losses are larger than your gains and how unused losses can carry forward. This is tax planning you have to do while the calendar is still open. If you have gains and investments sitting at a loss, this episode will show you what to review before December 31. Next Steps:

Your business can look successful and still be losing money. In this episode, Tiffany Phillips, CPA and Tax Strategist, breaks down the accounting and finance basics every business owner should understand. You'll learn what your income statement, balance sheet, and cash flow statement actually tell you, and why revenue is not the same as profit. Tiffany also explains cash versus accrual accounting, profit margins, break-even points, cash flow forecasting, and the numbers that can help you make smarter money decisions. You do not need to become an accountant. You just need enough business finance knowledge to understand what is really happening with your money. If you are tired of guessing whether your business is truly profitable, listen now. These numbers could change the way you run your business. Next Steps:

In this episode of the Jake & Gino Podcast, hosts Jake Stenziano and Gino Barbaro sit down with Kevin Bassett, CPA and founder of Bassett & Associates, PA. Kevin specializes in helping business owners and real estate investors with over $1 million in EBITDA or NOI maximize profitability while minimizing their tax burden.They dive into the difference between tax evasion and legal tax avoidance, exploring how high-net-worth investors can lower their effective tax rates over the lifetime of their investments.Key topics covered in this episode:State Tax Trends & Relocation: Why entrepreneurs are leaving high-tax states for low-tax jurisdictions like North Carolina, Tennessee, and Florida.Basic vs. Advanced Structures: Starting with single-member LLCs, partnerships, and S-Corporations before moving into advanced strategies.Cost Segregation & Bonus Depreciation: How to time deductions to shelter real estate cash flow.Offset Strategies Beyond Real Estate: Exploring Section 181 film credits and other vehicles to offset ordinary income when real estate deals are tight.Market Insights: Current trends in industrial real estate, warehousing, self-storage, and the challenges facing the multifamily sector.Whether you're just getting started or already in the "Two Comma Club," this discussion offers actionable insights to help you build and protect your wealth.

You may give thousands to charity every year and still get very little tax benefit. In this episode, Tiffany Phillips explains how a donor-advised fund can help business owners bunch several years of giving into one high-income year. You'll learn how this tax strategy may help you itemize, increase your tax savings, and continue supporting the same charities over time. Tiffany also explains why donating appreciated investments may be smarter than giving cash, how the new 2026 charitable rules affect your deduction, and the DAF mistakes you need to avoid. If giving is already part of your financial plan, better tax planning could help those same dollars work harder. Listen now before making your year-end charitable giving decisions. Next Steps:

Making more money should feel like a win. But once your income reaches the $200,000 range, several tax rules can start changing at almost the same time. In this episode, Tiffany explains five important tax thresholds that can affect business owners. You'll learn how NIIT, Medicare tax, self-employment tax, the QBI deduction, and tax brackets can change your final bill. You'll also see why different tax rules use different definitions of income. Most importantly, you'll learn why smart tax planning matters before year-end. Tiffany shares tax strategies involving retirement contributions, taxable income, and business structure that may help you protect more of what you earn. If your business income is approaching $200,000, this is one episode you want to hear before you file your next return.

What if your kids could earn real money from your business while helping you lower your tax bill? In this episode, Tiffany explains how hiring your kids for real, age-appropriate work can become a powerful tax strategy. You'll learn how reasonable wages can create tax savings for your business while giving your child earned income that may qualify for a Roth IRA. Tiffany walks through a family that paid two children $28,000 in total wages and shows why payroll, time sheets, job descriptions, and reasonable pay matter. You'll also learn why your business entity can change the payroll tax rules and how proper documentation helps keep the strategy compliant. This is not about putting your kids on fake payroll. It's about doing it correctly. If you own a business and have kids, this is one of those tax tips you'll want to hear now. Next Steps:

How much should you pay yourself from your S corporation? Get it wrong in either direction, and it could cost you. Pay yourself too little, and you may create an IRS red flag. Pay yourself too much, and you could waste thousands in payroll taxes. In this episode, Tiffany Phillips explains how reasonable compensation actually works. You will learn why there is no magic 40/60 rule, how to use market data to find a defensible salary, and why your salary should be reviewed as your business changes. You will also hear real examples of business owners who were paying themselves too little or too much, plus the documentation that can help protect your decision. These tax strategies can improve your tax planning, strengthen compliance, and create real tax savings. If you own an S corp, listen now before you run your final payrolls of the year. Next Steps:

A simple retirement plan could be costing you thousands in tax savings. In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, breaks down the 2026 math behind a SEP IRA vs. Solo 401(k). You'll see why the same business income can produce very different retirement contributions and tax deductions depending on the plan you choose. Learn how employee and employer contributions work, why a Solo 401(k) can reach the annual limit much faster, and when a SEP IRA may still make sense. Tiffany also covers Roth options, catch-up contributions, employees, S corporation wages, and important year-end deadlines. If year-end tax planning and tax reduction are priorities for your business, this is one comparison you should make before tax season. Listen now and find out whether your retirement plan is leaving money on the table.

Your tax bill is not decided when you file in April. Many of your best opportunities for tax savings happen before the year ends. In this episode, Tiffany Phillips, CPA and Tax Strategist, shares five Q4 tax planning moves business owners should review now. You'll learn why a tax projection comes first, how retirement planning can create more options, when timing income and business purchases may help, and why Accountable Plan reimbursements deserve a year-end review. Tiffany also explains estimated tax payments, safe harbor rules, Section 179, charitable bunching, and tax-loss harvesting. These are practical tax strategies designed to help you make smarter decisions before your options disappear. You still have time to take action, but the clock is running. Listen now and find out what should be on your year-end tax checklist. Next Steps:

College can be one of the biggest financial decisions a family will ever make.  Overpaying for college can create years of unnecessary debt and stress, but today's guest is going to share how families can be strategic, informed, and confident so they don't leave money on the table. If you get a ton of value in this episode, I would love to invite you to subscribe because it costs nothing to subscribe. Crystal Tate is the founder and CEO of Crystal Clear College Planning and co-founder of the SCHOLARS Service Center.  With more than 15 years of experience and over 1,000 families served, she helps families combine smart admissions strategy with financial planning so they can avoid overpaying for college.  Crystal's work is especially focused on first-generation, rural, and middle-income families who want a clear, confident path to higher education.  Welcome, Crystal!Support the showCheck out Strategic Sales Queen for more great interviews, podcasts, and blogs to help you achieve more, faster!https://www.strategicsalesqueen.com/​

Waiting until January to start tax planning could cost you valuable tax savings. In this episode, Tiffany shares five year-end tax strategies business owners should review before key deadlines pass. You'll learn why a tax projection should come first and how retirement contributions, equipment purchases, S corporation payroll, business expenses, and estimated payments can affect your final bill. Tiffany also explains why your bank balance is not your taxable profit. You'll discover which decisions may need to happen by December 31 and which payments can wait until later. These are practical business finance moves based on expenses and investments you already planned to make. Listen now before your best year-end options disappear. Next Steps:

Are you paying your company's bills with your own money? If you own an S corporation, your company may be able to pay or reimburse those costs without adding the money to your taxable wages. In this episode, Tiffany explains how an accountable plan works. You'll learn which expenses may qualify, including business mileage, phone service, travel, education, and a home office. You'll also discover what records to keep and why reimbursement deadlines matter. One business owner was personally paying about $24,000 in company expenses each year. A better system helped her company cover those costs correctly and could reduce unnecessary payroll taxes over time. This practical tax strategy can improve cash flow and support tax reduction, but you must follow the rules. Listen now before you pay another business expense from your personal account.

Tom Mitchell, the Honest Car Guy, joins The Morning XTRA to explain how his transparent approach to car buying helped one customer get a newer vehicle with significantly fewer miles for a similar price. He breaks down his wish-list strategy, finding quality used vehicles under $10,000, and how avoiding unnecessary fees can save buyers thousands. Tom also explains why his goal is to work with customers instead of simply selling them a car.Atlanta's ONLY All Conservative News & Talk Station.: https://www.xtra1063.com/See omnystudio.com/listener for privacy information.

Could your business structure be costing you tens of thousands of dollars each year? In this episode, Tiffany explains how a consultant earning $1.5 million faced nearly $74,000 in self-employment and Medicare taxes. After modeling an S-Corp election and a reasonable salary, the gross employment-tax difference was about $50,000. You'll learn how S-Corps work, why owner salary matters, and which IRS rules you cannot ignore. Tiffany also covers QBI, payroll costs, state fees, and other details that can change your true savings. This is practical CPA advice for owners who want smarter tax planning, better business finance, and legal tax reduction. Before you file another Schedule C, listen now and find out whether your business structure needs a second look. Next Steps:

Health Savings Accounts are known for their powerful triple tax advantage. But an HSA is not the right choice for every business owner. In this episode, Tiffany explains five situations where an HSA could cost you more than it saves. You'll learn how high deductibles, regular medical bills, account fees, strict withdrawal rules, and unpredictable costs can weaken the benefits. You'll also discover when an HSA can support your tax strategies and long-term wealth planning. The best financial tool is one that fits your health needs, cash flow, and future goals. Before choosing an HSA for the tax savings, make sure you understand the full cost. Next Steps:

The money in your business bank account is not always yours to spend. In this episode, Tiffany shares how one business owner confused cash with profit—and nearly ran out of money after taking large owner draws. A hidden $68,500 tax bill and penalty left her business with a dangerously small cash cushion. You'll learn the three numbers every owner should track: total cash, committed cash, and truly available cash. Tiffany also explains how to build a tax reserve, update estimated tax payments, and review smart year-end moves. These practical tax planning and cash flow lessons can help you make better money decisions and protect your business finance. Before you transfer another dollar, listen to this episode. Your bank balance may be telling the wrong story. Next Steps:

Special Offer: Get 15% OFF your first FIGS order with code FIGSUK at checkout.Shop now at https://www.wearfigs.com/———————————————————————UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————Dental indemnity is one of the biggest essentials in UK dentistry, yet the way it is priced and the way decisions get made behind the scenes can feel deliberately hard to follow. We sit down with Tom, a dental indemnity specialist at AllMed Pro, to lay out how the system really works so we can stop guessing, stop overpaying and start buying the right protection with our eyes open. We dig into why indemnity premiums rise, looking at claims patterns, claims frequency and the true cost of a case, including legal fees, defence costs and expert witness reports. Then we get practical about risk rating: how extra sessions and higher-risk procedures can change the premium, why implant work needs a more detailed conversation than a simple tick-box, and how declaring your work accurately can prevent unnecessary price hikes later. We also myth-bust the hot topics dentists debate online: what discretionary cover actually means at the moment you need help, what insurance-backed (contract certain) cover changes, and why non-disclosure is one of the few things that can derail support. For principals, we unpack vicarious liability and non-delegable duty of care, plus how structuring the right policy for your practice entity can make a real difference when a claim arrives.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail

Should you sell your rental property or leave it to your children? The answer could change your family's tax bill by six figures. Tiffany explains how a stepped-up basis may reduce capital gains taxes when a property is inherited. You'll learn why gifting property too soon—or adding a child to the deed—can create an unexpected tax problem. She also explains how a properly funded revocable living trust may help a property avoid probate while protecting important tax benefits. This episode breaks down the difference between equity and tax basis, why a date-of-death appraisal matters, and how to compare selling now with holding for your heirs. These tax strategies, tax planning, wealth planning, and major money decisions can shape what your family keeps. Listen before you sell, gift, or change a property deed. Next Steps:

In this episode, Tita Obii-Obioha shares his journey from a seasoned appraiser to a real estate investor and developer in Houston. Discover how his valuation expertise influences his investment decisions, market outlook, and strategies for success in a competitive market.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Give your kids enough that they can do anything, but not so much that they can do nothing. That Warren Buffett line is where this one starts. You worked hard so your family could have a good life. So how do you keep the life you built from softening the kids you love? This is the first episode of Good Questions, where we pull the best questions dads have asked across ten years of podcasts and member-only conversations, and stack the answers worth keeping. Four dads take this one on: Mike McCarthy on being honest with your kids about your wealth and what the trust will and will not do, Chad Willardson on raising abundance-minded kids instead of scarcity-minded ones, Scott Donnell on why you should let them waste some of their own money, and Dan Miller on how early kids should start working (his answer involves a rebuilt motorcycle and a 10-year-old).   IN THIS EPISODE: The Buffett rule: enough to do anything, not so much they do nothing What to actually tell your kids about your money, and what the trust should gate Overpaying your kids on purpose: $50 book reports and a 12-year-old's dog-walking business "Let them buy the Mountain Dew": why a wasted $30 now beats a wasted $3,000 later The $410 motorcycle rebuild that taught a 10-year-old to earn what he rides Why kids learn economics from life experiences, not from sitting in seats  

One lawsuit could put more of your rental portfolio at risk than you think. An LLC alone may not be enough. In this episode, Tiffany explains the four layers of real estate asset protection: insurance, separate entities, privacy, and advanced legal planning. You'll learn the difference between a claim tied to a property and one that follows you personally. Tiffany also shares how better coverage and separate entities helped protect a client's six-property portfolio. These smart strategies can support your wealth planning, but every state has different rules. Your attorney, insurance advisor, lender, and tax professional must work together. Before another claim puts your properties at risk, listen and find the gaps in your plan. Next Steps:

Your rental properties may show big losses on paper, but that does not mean you can use those losses to lower your tax bill. The passive activity rules can keep them trapped for years. In this episode, Tiffany explains how Real Estate Professional Status works and why reaching 750 hours is not enough. You'll learn the two tests you must pass, how material participation works, and when grouping several properties may help. Tiffany also explains the special rules for married couples, real estate employees, and older suspended losses. These tax strategies could create major tax savings, but only when your hours, records, and tax planning support them. Listen now to learn whether this powerful tax strategy could work for you. Next Steps:

On this special segment of The Full Ratchet, the following Investors are featured: Larry Cheng of Volition Capital Ben Black of Akkadian Ventures and Powerlaw Corp Mark Peter Davis of Interplay We asked guests to tell the most important lesson they've learned in their career. The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. We're proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.   Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are massive frontier AI models actually worth the cost?In this episode, I sit down with Daniel Svonava, Founder of Superlinked, to break down where AI is actually heading in production. We dive into why the hype around massive frontier models is shifting toward targeted, small open-source models, and how to orchestrate smart agents without blowing through your budget.Daniel shares how Superlinked is building open-source inference infrastructure, why small models are rapidly closing the performance gap, and how you can engineer faster, cheaper, and more control-driven AI systems.

The QBI deduction can let qualifying business owners deduct up to 20% of their qualified business income. Now it is permanent—but that does not mean every owner will get the full benefit. In this episode, Tiffany explains the new 2026 income thresholds and why service businesses face tougher rules. You'll learn what happens when your income enters the phaseout range, how S corporations and owner pay affect QBI, and why a Roth conversion could shrink your deduction. You'll also discover why buying equipment or hiring workers just for a deduction can be a costly mistake. These practical tax tips will help you make smarter tax planning and money decisions before the year ends. Your QBI deduction may be changing while your business grows. Listen now so you can plan before it's too late.

Here's a question most practice owners don't ask their accountant: Do I actually owe this much? In this episode, Tracy Cherpeski talks with Rachel Michaelov, an Enrolled Agent and tax strategist who works exclusively with high-earning healthcare professionals. Rachel is the founder of Empire Tax Advisors and Practice Wealth Partners, and she has one mission: help doctors and dentists stop overpaying their taxes.  Rachel shares why most healthcare providers work with reactive CPAs instead of proactive tax strategists, the three most expensive mistakes she sees practice owners making, and strategies like cost segregation and R&D credits that could save you hundreds of thousands of dollars. She walks through a real example: a doctor with a $1.2 million tax liability who ended up with a $24,000 refund.  If you've ever felt like financial stress is stealing your time, your peace of mind, or your ability to reward your team, this conversation is for you. Rachel gets real about why this matters for your life, not just your spreadsheet.    Read the full show notes, memorable quotes, and key takeaways.  Connect With Us:  Be a Guest on the Show  Thriving Practice Community  Schedule Strategy Session with Tracy  Tracy's LinkedIn 

You've built a profitable business, and you're still handing more of it to the IRS than you need to. The real reason usually traces back to your structure. In this episode of CEO Numbers Network, I'm continuing our mid-year tax check-in series with a deep dive into business structure. Profitable business owners often keep paying self-employment tax long after their structure has stopped making sense. I break down the three signs that tell you you're ready for an S corp and the reasonable compensation rule the IRS requires once you make that switch. I also share a client story about what it actually took to get her ready, because the profit number alone wasn't enough. You will learn the three signs that tell you you're ready for an S corp, plus the reasonable compensation rule the IRS enforces once you make the switch. If you have ever wondered why your CPA never brought up an S corp, or worried you might be underpaying yourself the wrong way, this episode shows you exactly where to look.  

You've built a profitable business, and you're still handing more of it to the IRS than you need to. The real reason usually traces back to your structure. In this episode of CEO Numbers Network, I'm continuing our mid-year tax check-in series with a deep dive into business structure. Profitable business owners often keep paying self-employment tax long after their structure has stopped making sense. I break down the three signs that tell you you're ready for an S corp and the reasonable compensation rule the IRS requires once you make that switch. I also share a client story about what it actually took to get her ready, because the profit number alone wasn't enough. You will learn the three signs that tell you you're ready for an S corp, plus the reasonable compensation rule the IRS enforces once you make the switch. If you have ever wondered why your CPA never brought up an S corp, or worried you might be underpaying yourself the wrong way, this episode shows you exactly where to look.  

One business owner used $270,000 in investment losses to reduce his federal tax by about $64,000 in the year he sold his company. But was it true tax savings—or simply a bill moved into the future? Tiffany explains how direct indexing and tax-loss harvesting can help offset capital gains while keeping a portfolio invested. You'll learn how lower cost basis, added fees, investment risk, and the wash-sale rules can change the final result. Listen now and learn where the opportunity—and the hidden tax trap—may be.

One business owner paid $21,600 a year for family health insurance. He thought he was getting the tax deduction—but a simple S corporation reporting mistake cost him about $7,000 a year. In this episode, Tiffany explains how the self-employed health insurance deduction really works. You'll learn why the rules change for sole proprietors, partners, and S corporation owners. You'll also discover three traps that can erase the deduction, including low earned income, access to an employer health plan, and missing W-2 reporting. These practical tax tips can help you improve your tax planning and avoid leaving valuable tax savings on the table. Tiffany also explains why this deduction lowers income tax but not self-employment tax. If you pay for your own health insurance, listen now—before another tax year slips away. Next Steps:

Is your S corp salary putting your business at risk? Many owners pay themselves a small wage and take the rest as distributions. That may cut payroll taxes, but it can also raise an IRS red flag. Tiffany explains how the IRS decides whether your salary is reasonable. You'll learn why the popular 60/40 rule is a myth, what happens when distributions are treated as wages, and how market data can protect you. She also shares three ways to calculate your salary and the records you should keep. These practical tax strategies and tax planning steps can help you lower risk without giving up legal tax savings. Before you run your next payroll, learn how to choose—and prove—the right salary. Listen now before a surprise IRS letter forces you to learn the hard way. Next Steps:

Is your accountant preparing your taxes or actively helping you reduce them?In this episode of Grow Your Business & Grow Your Wealth, Gary Heldt speaks with Boris Musheyev, CPA, Certified Tax Strategist, and founder of BORISMTAX, about why profitable business owners often pay more in taxes than necessary.Boris explains the critical difference between tax preparation and proactive tax planning, when a growing business should begin working with a tax advisor, and why the advisor who helped when you launched may not have the experience required for your current income level.They also discuss how business owners can evaluate a tax advisor, why professional designations alone do not guarantee strategic expertise, and how year-round planning can uncover legal tax-saving opportunities before it is too late to use them.Key Takeaways✓ Why tax preparation and tax planning are two entirely different services.✓ When reaching approximately $100,000 in net profit should trigger a tax-strategy conversation.✓ How business owners can outgrow the accountant who served them during their early years.✓ What to examine before trusting a tax advisor with advanced strategies.✓ Why midyear planning and year-end projections are essential for reducing taxes legally.About Boris MusheyevBoris Musheyev is a CPA, Certified Tax Strategist, and founder of BORISMTAX, a tax planning and advisory firm serving entrepreneurs and business owners across the United States. His firm specializes in helping profitable businesses use proactive, legal tax strategies to reduce their tax liability and retain more of what they earn. Boris is also the host of the Tax Reduction Podcast, and BORISMTAX has been recognized on the Inc. 5000 list for two consecutive years.Connect With Boris MusheyevWebsite: https://borismtax.comFree Tax Strategy Training: https://save100k.comEmail: support@borismtax.comPhone: 212-430-6881Podcast: Tax Reduction PodcastLinkedIn: Boris Musheyev, CPA

Why do wealthy people often pay less in taxes? It is not always because they earn less. It is because they own assets and use the tax code differently. In this episode, Tiffany explains how business owners and investors use appreciation, borrowing, depreciation, cost segregation, and step-up in basis to protect and build wealth. You will hear real examples of people who accessed cash, lowered taxable income, and planned for future wealth transfers without relying on illegal loopholes. You will also learn why strong tax planning starts long before tax season—and how stacking several legal tax strategies can create a much bigger result. This episode offers practical CPA advice for business owners who want better tax savings, smarter wealth planning, and a stronger long-term tax strategy. Listen now and learn why keeping more starts with owning differently.

If you're stressed about buying a car with kids because it might just be the most overwhelming grown-up thing there is, this episode is for you!For this week's episode, I brought in Lauren Fix, The Car Coach, and asked her all the questions you're too embarrassed to ask: minivan vs SUV (and are minivans really less safe?), how many car seats actually fit across a back seat, leasing vs buying, and the dealer tricks that quietly cost families thousands. Come walk into that dealership knowing more than the salesperson.We dive deep into:Where to even START when you have no idea (your kids' ages, road trips, and all the GEAR)Minivan vs SUV vs full-size, and whether minivans are really the "less safe" optionHow many car seats actually fit across a back seat, and the latch system nobody explainsThe safety features genuinely worth it when you've got littles riding alongNew vs used, and the ONE check you should never skip on a used carLeasing vs buying, and the mileage number that basically decides it for youThe two discounts dealers are hoping you never ask forWhat to say a hard NO to once you're in the finance officeNever pay retail: how to walk in prepared, and when to just walk away----------------------------------------------------------------------------IMPORTANT LINKS•✨ Join our Mom Club on Patreon HERE ✨

Your September 15 estimated tax payment may be much larger than it needs to be. In this episode, Tiffany explains four tax strategies that can help business owners protect their cash flow and avoid costly underpayment penalties. You'll learn how the IRS safe harbor rule works, why S corporation withholding can help correct missed payments, and how seasonal businesses can use the annualized income method. You'll also discover how retirement contributions and properly timed equipment purchases may lower the income used to calculate your estimated taxes. Estimated payments should match how your business actually earns money. They should not force you to drain your cash when you need it most. Listen now—because there may still be time to reduce your September tax check. Next Steps:

Tom Mitchell, The Honest Car Guy, joins The Morning XTRA to share practical advice on buying the right vehicle without wasting money. From avoiding unnecessary upgrades to finding hidden value in the used car market, Tom explains why honesty and smart math should drive every purchase. He also shares the personal story behind building his business and why putting customers first has become his mission. Watch The Morning Xtra every weekday from 6 a.m. to 10 a.m. on the Xtra 106.3 YouTube or listen on the Xtra 106.3 App

We're chatting some of the things you may be forking out more money for than you need to..and the habit swaps, tips and hacks to save some cash. As always, a quick reminder that this isn’t financial advice and all tips are general! This information mentioned was correct at the time of recording the episode in June 2026. Thanks to our sponsor Finder for making today's episode of Two Broke Chicks possible. To compare your options & browse the latest Finder Rewards jump on https://www.finder.com.au/finder-rewards

Are you paying more than you should for credit card processing? The answer for many businesses is yes. In this episode of Payments Podium, Kevin Olsen sits down with Jimmy Moore, CEO of FLO Business Solutions, to uncover the biggest mistakes business owners make when choosing a payment processor, understanding processing fees, and managing payment acceptance costs. From hidden fees and PCI compliance charges to cash discounting and dual pricing, this conversation is packed with practical advice that can save businesses thousands of dollars each year. In this episode, you'll learn: Why many businesses unknowingly overpay for payment processing How to identify hidden fees on your merchant statement Understanding effective processing rates PCI compliance and how to avoid unnecessary monthly charges Cash discounting vs. surcharge vs. dual pricing How to choose the right payment processing partner What banks and credit unions can do to better support their business customers The one strategy that can significantly reduce payment processing costs Whether you're a small business owner, banker, payments professional, or fintech leader, this episode provides practical insights to help you make smarter payment decisions and avoid costly mistakes. Guest: Jimmy Moore, CEO & Co-Founder, FLO Business Solutions

Many business owners work for years to build wealth but leave it exposed without realizing it. In this episode, Tiffany explains how a holding company can help protect cash, equipment, real estate, and other valuable assets from business liability. You'll learn when this strategy makes sense, how it works, common mistakes that can destroy its protection, and where tax planning opportunities may exist depending on your entity structure. Next Steps:

Think a cost segregation study automatically saves you thousands in taxes? Not so fast. In this episode, Tiffany Phillips, CPA, explains how cost segregation really works, who benefits most, and why a large deduction doesn't always mean immediate tax savings. You'll learn how tax strategies, passive activity rules, bonus depreciation, and timing all affect your results. Tiffany also shares when she actually tells clients not to order a cost segregation study—and why that's often the smarter business finance decision. If you own rental property or commercial real estate, this episode will help you avoid expensive mistakes and make better tax planning decisions with confidence. Listen now before you spend thousands on a strategy that may not fit your situation.   Next Steps:

Many homeowners and real estate investors pay more in property taxes than they should. A missing exemption, incorrect property record, inflated assessment, or ownership change could cost you hundreds—or even thousands—of dollars. In this episode, Tiffany shares six legal tax strategies that may help you lower, freeze, defer, or challenge your property taxes. You'll learn how to check your homestead exemption, find errors in your property record, prepare a strong assessment appeal, and avoid costly mistakes involving LLCs, trusts, and property classifications. You'll also learn why deadlines matter and how a simple ten-minute review could improve your cash flow and support your larger tax planning goals. Before you pay your next property tax bill, listen to this episode and check the record behind the number.   Next Steps:

Business owners hear it all the time: "Just buy it. It's a tax write-off." But that's not how smart tax planning works. In this episode, Tiffany Phillips, CPA, breaks down the biggest myths about tax deductions under the new tax law and explains how bonus depreciation, Section 179, QBI, business debt, and estimated taxes work together. You'll learn why buying equipment just to save taxes can actually cost you more, how to make better money decisions, and why great tax strategies look at your whole business—not just one deduction. If you want practical CPA advice that helps you keep more of what you earn, this episode is for you. Don't make an expensive tax mistake because of a headline. Listen now and learn how to build a smarter tax strategy before year-end. Next Steps:

If you recently started an LLC, this episode is for you. Many business owners think filing the paperwork is enough—but that's just the beginning. Tiffany Phillips, CPA, explains the five biggest LLC mistakes that can lead to higher taxes, lost deductions, missed deadlines, and weaker liability protection. You'll learn how to separate business and personal finances, understand how your LLC is taxed, stay compliant, structure property purchases correctly, and document business expenses the right way. These tax tips, tax planning, and business strategy insights can help you avoid expensive mistakes before they happen. Small changes today can save you money and headaches later. Listen now and learn how to build an LLC that works for you—not against you.   Next Steps:

Think every repair on your rental property is tax deductible? Not so fast. In this episode, Tiffany explains one of the biggest tax mistakes rental property owners make: confusing repairs with capital improvements. Learn how the IRS decides what you can deduct today and what must be depreciated over time. You'll also discover why good documentation matters, how safe harbor rules work, and simple tax planning strategies that could improve your tax savings. If you own rental property, these tax tips can help you avoid costly mistakes, improve cash flow, and make smarter tax strategy decisions before your next renovation. Don't wait until tax season to find out you got it wrong. Listen now and learn how to keep more of your money. Next Steps:

Your bookkeeping may look organized, but are the numbers actually correct? In this episode, Tiffany explains why every business owner should reconcile bank and credit card accounts each month. You'll learn how reconciliation catches missing income, lost deductions, duplicate charges, fraud, and other costly errors. You'll also discover why accounting software cannot replace human review—and how bad bookkeeping can lead to the wrong tax bill, unreliable financial reports, and poor business decisions. This simple monthly finance routine can improve your accounting and bookkeeping, protect your tax preparation, and give you numbers you can trust. Do not wait until tax season to discover that your books are wrong. Listen now and learn how one monthly habit can protect your money and your business. NEXT STEPS

Think a luxury SUV is always a bad financial decision? Think again. In this episode, Tiffany Phillips, CPA, explains how the IRS heavy vehicle rules can dramatically reduce the real cost of certain business vehicles. You'll learn how the 6,000-pound rule works, when Section 179 and bonus depreciation apply, how business use affects your deduction, and why buying the "cheaper" SUV can sometimes cost you more. Tiffany also covers financing, leasing vs. buying, documentation, depreciation recapture, and common mistakes that can reduce your tax savings. If you're a business owner planning to purchase a vehicle, these tax strategies could save you thousands while helping you make smarter business finance decisions. Listen now before you sign your next vehicle purchase. You could keep far more of your money. Next Steps:

Most business owners work hard to build wealth—but many pay far more in taxes than they need to. In this episode, Tiffany explains the powerful Buy, Borrow, Die strategy and how it can help high earners build wealth while reducing taxes legally. You'll learn how tax planning, short-term rentals, cost segregation, bonus depreciation, and borrowing against assets can work together to create long-term financial growth. You'll also discover how today's tax rules may help protect wealth for future generations. If you want practical CPA advice, smarter tax strategies, and better wealth planning, this episode is packed with ideas you won't want to miss. Listen now and learn how to keep more of what you earn.

Disclaimer: Today's episode is sponsored by Nurp. Content is for educational purposes only. Not advice. Results discussed have not been vetted. Claims made by the guest have not been verified. The views expressed by the guest do not reflect those of the host or this show.—

Most business owners think tax season ends after they file their return. But that's when many of the biggest opportunities get missed. In this episode, Tiffany Phillips, CPA, shares seven powerful tax strategies that could help business owners keep more of what they earn. You'll learn about the Augusta Rule, heavy vehicle deductions, S-Corp health insurance, home office deductions, Solo 401(k)s, business meals, and education expenses. These aren't loopholes—they're legitimate tax planning opportunities many business owners never hear about. If you want practical CPA advice that goes beyond filing a return and helps you build long-term tax savings, this episode is for you. Listen now and find out whether you're paying more tax than you need to.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3612: Jeff Rose explains practical steps for gaining control of debt by creating a realistic budget, tracking income and expenses, and identifying true disposable income. He also shows how cutting unnecessary spending and using extra cash to make debt overpayments can help reduce debt faster and lower overall interest costs. Read along with the original article(s) here: https://www.goodfinancialcents.com/simple-ways-to-improve-your-debt-management-skills/ Quotes to ponder: "Budgeting is about knowing how your finances work and controlling what you do with your money, in other words, not letting your money control you!" "Your disposable income is essentially the amount you have left on a monthly basis to pay towards your non-priority debts and, if you have any spare after doing this, to save and to spend on non-essential goods/services." "Overpaying your debts can be an excellent way to improve your debt management skills." Wealthfront's high-yield Cash Account: ⁠⁠https://wealthfront.com/OFD⁠⁠ This experience may not be representative of other Wealthfront clients, and there is no guarantee of future performance or success. Experiences will vary. The Optimal Finance Daily Podcast, Diana Merriam (collectively "Media Partner") are not clients of Wealthfront. The Media Partner receives cash compensation from Wealthfront Brokerage for this paid endorsement placed in their video, creating a conflict of interest. More details available via the referral link. The Direct Deposit Plus Investing Program from Wealthfront Advisers LLC and Wealthfront Brokerage LLC provides eligible clients a 0.25% APY increase above the base APY on eligible Cash Account balances (up to an overall boosted rate of 4.30% for a limited time when including the 0.75% APY boost for new clients) when you direct deposit $1,000 a month, plus open, fund, and maintain an investing account. Wealthfront may change or end the program at any time and determine eligibility at its discretion. Terms apply. Full details at ⁠⁠wealthfront.com/promo-terms⁠⁠.  The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of January 30, 2026, is representative, requires no minimum, and may change at any time. References to the APY for the Wealthfront Cash Account, including any APY increase, are to the APY paid by insured depository institutions that participate in our cash sweep program (the "Program Banks”).. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Investing involves risk, including the possible loss of principal. Securities investments are not bank deposits, bank-guaranteed or FDIC-insured, and may lose value. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Learn more about your ad choices. Visit megaphone.fm/adchoices