A full business bank account feels good. But your December cash decisions can affect your tax bill.

In this episode of Small Business Finance, Tiffany Phillips, CPA and tax strategist, explains five year-end choices S corp owners should review: collecting invoices, paying bills, taking owner distributions, accepting customer advances, and reimbursing business expenses.

Follow an example showing how timing $67,000 in income and deductions could reduce this year’s tax by $20,100 at an assumed 30% rate. Learn why holding a check until January doesn’t move the income, why distributions don’t lower profit, and why tax planning should cover both years.

Get practical tax tips and business finance guidance to help protect cash flow. For the broader planning framework, explore Tiffany’s book, Your Biggest Expense, linked in the episode description.

Next Steps:

💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at hello@phillipsbusinessgroup.com ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉Do you want some help with planning the perfect tax calendar? Comment “STRATEGY” and I’ll get you some more information!