EPISODE · Aug 28, 2026 · 13 MIN
425 \\ Get $24,000 a Year Back From Your Own Company, Tax-Free
from SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice · host Tiffany Phillips, CPA & Small Business Tax Strategist
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. 💰 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 [email protected] ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉if you want me to keep walking through these planning moves, comment PLAN and I’ll get you some more information.
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425 \\ Get $24,000 a Year Back From Your Own Company, Tax-Free
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