Phillips Business Group Announces Innovative Tax Advisory Services to Combat Small Business Tax Overpayments

Phillips Business Group unveils a proprietary 85-point tax strategy, designed to proactively address tax overpayments for small business owners nationwide.

United States – October 22, 2024 —

Tax Advisory Services to Prevent Small Business Tax Overpayments

Phillips Business Group, led by experienced CPA Tiffany Phillips, offers a comprehensive suite of tax advisory services specifically tailored to help small business owners reduce overpayment on taxes. Recognizing that up to 80% of small business owners are potentially overpaying by 20-30%, Phillips Business Group offers advanced strategies that address these issues before tax season begins. The firm’s innovative 85-point tax strategy seeks to prevent overpayments, creating significant savings for clients who often face unnecessary tax burdens.

Shifting Focus from Tax Preparation to Tax Strategy

Unlike traditional CPA firms that focus primarily on tax preparation, Phillips Business Group emphasizes proactive tax strategy throughout the year. “Many small business owners are missing out on substantial tax savings because they rely solely on annual tax preparation,” says Tiffany Phillips. By maintaining regular engagement with clients, the firm identifies tax-saving opportunities early, implementing solutions that optimize tax positions well ahead of filing deadlines.

Custom Strategies to Combat Tax Inefficiencies

Phillips Business Group’s services go beyond standard tax planning. Rather than just offering last-minute deductions, the firm takes a deep dive into clients’ financial landscapes to uncover inefficiencies and recommend strategies that provide lasting savings. “We look at the bigger picture,” explains Phillips. “Our goal is to create a robust, year-round strategy that doesn’t just reduce taxes for one year, but consistently minimizes tax burdens year after year.” Through targeted advice on investment structures and tax-efficient business operations, the firm helps clients retain more of their earnings for reinvestment.

Engagement and Implementation: A Year-Round Partnership

Phillips Business Group’s tax advisory services are structured around continuous client engagement. Rather than a single annual consultation, the firm collaborates with clients throughout the year, ensuring that tax strategies are correctly implemented and fully adapted to any changes in the tax code. This unique approach provides clients with audit-proofed strategies, built on a foundation of ongoing assessment and adaptation, allowing for more accurate and sustainable tax planning.

Origins of a Unique Tax Strategy Approach

Tiffany Phillips’ journey into tax advisory began with a personal challenge: helping her father save $42,000 on his business taxes. This experience sparked her commitment to helping other small business owners access the tax advantages that are often overlooked by traditional firms. Through Phillips Business Group, she now offers these same strategies to a broader audience, helping entrepreneurs understand and leverage tax law to their benefit.

Expanding Expertise Through a National Network

To further enhance the services available to clients, Phillips Business Group has developed a network of leading professionals, including CPAs, attorneys, and financial advisors. This multi-disciplinary approach enables the firm to craft comprehensive tax strategies that go beyond compliance, addressing both tax liabilities and broader financial goals. With this network, Phillips Business Group can offer business owners the specialized advice necessary for complex tax planning needs.

Educating Business Owners on Proactive Tax Planning

Phillips Business Group places a strong emphasis on client education. The firm actively works to demystify tax planning, helping business owners understand how proactive tax strategies can result in substantial savings. This educational approach not only empowers clients to make better decisions but also provides them with the tools they need to maintain compliance and financial health throughout the year. Tiffany Phillips also shares her expertise through the Small Business Finance Podcast, making these insights accessible to a wider audience.

About Phillips Business Group

Phillips Business Group is dedicated to providing small and mid-sized businesses with advanced tax advisory services that go beyond basic tax preparation. With over 20 years of experience, Tiffany Phillips, CPA, founded the firm to address the unique needs of small business owners, offering a proprietary 85-point tax strategy designed to reduce tax overpayments and support sustainable financial growth.

Media Contact

Phillips Business Group
Website: phillipsbusinessgroup.com
LinkedIn: Tiffany Phillips, CPA
Facebook: Phillips Business Group
Instagram: @the.tiffany.p.cpa
Pinterest: Tiffany Phillips, CPA

Contact Info:
Name: Tiffany Phillips
Email: Send Email
Organization: Phillips Business Group LLC
Website: https://phillipsbusinessgroup.com/

Release ID: 89144274

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