Savvy or Surrender - Your Guide to Profit, Cash Flow, and Tax Savings
Running a business shouldn’t feel like a never-ending fight for cash. On Savvy or Surrender, host Steven Young cuts through the noise and shows real business owners how to take control of their numbers, keep more of their hard-earned money, and build a business that actually pays them back.
Each episode gives you practical strategies you can use right away — from fixing cash flow bottlenecks, to implementing Profit First, to unlocking tax savings most owners never hear about. No jargon. No fluff. Just clear guidance, real-talk coaching, and a little humor to keep things human.
Whether you’re a contractor, service pro, or business owner who’s tired of working hard with nothing to show for it, this is your go-to show for leveling up your money decisions and building a business that supports your life… not the other way around.
Choose to be Savvy — or surrender your profit. The choice is yours.
Savvy or Surrender - Your Guide to Profit, Cash Flow, and Tax Savings
Profit First-The IRS Doesn’t Care About Your Intentions: Episode 4
Savvy or Surrender Podcast – Episode 4
❗Don’t forget to download the episode — that way you never miss the game-changing cash flow tips that keep your business running strong.
Summary:
The IRS doesn’t care about your excuses—they care about compliance.
In this eye-opening episode of the Savvy or Surrender Podcast, host Stephen Yang dives into the hidden truths about tax penalties, audits, and how procrastination can cost you thousands. From shocking client stories to the five biggest IRS red flags, Stephen shares practical strategies to keep you compliant, reduce stress, and protect your profits.
You’ll learn why messy bookkeeping, co-mingling accounts, and ignoring letters can destroy your business, and how taking proactive steps—like setting aside tax funds and filing on time—keeps you ahead of the IRS and your state.
Whether you’re a business owner, freelancer, or just trying to stay tax-smart, this episode gives you the tools to act now instead of paying the price later.
Episode Timestamps
00:50 – The IRS doesn’t care about excuses—only compliance. Why you shouldn’t put off filing and how penalties stack up fast.
01:30 – Real client story: 7 years of unfiled taxes and tens of thousands in penalties.
03:17 – Why the “taxes aren’t legal” argument won’t save you and what really gets you audited: the top 5 red flags.
07:00 – Keep up with your proof and more red flags.
09:53 – Schedule C vs. S-Corp: Which is more likely to trigger an audit?
12:41 – Filing on time vs. being truly compliant.
14:17 – How to proactively prepare for taxes with profit-first principles.
15:46 – How to stay out of trouble with the IRS or your state.
22:03 – Stephen’s challenge for listeners.
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Hashtags
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