Michael F Pharris CPA, LLC

12/19/2025

If you have a side gig, or a small business, it's really important that you meet the tests to be treated as 'being in business' vs being treated as a 'hobby'. That's the topic of this week's Southern Fried Finance podcast. Take a look.

12/05/2025

Happy Friday everyone. Here's Episode 4 of the Southern Fried Finance series. Here, Victor Rouse and I talk about our favorite tax deductions and how they can help us meet overall financial goals.

Mike & Vic have a discussion about their favorite types of tax deductions. Those that are for paying yourself, things you pay for anyway, and the ones that a...

11/26/2025

Since it's a 'short week' for Thanksgiving, Episode 3 comes out early. Victor Rouse and I really enjoy these, we hope you do as well.

This Episode discusses the issue of 'Entity Choice' . We go thru the various items considered when reviewing this issue with clients.

The 3rd episode of the Southern Fried Finance series features Vic and Mike discussing the various factors they consider when advising clients on the choice o...

11/21/2025

This, the 2nd in what we hope to be a series of discussions, talks about the increased deduction now allowed for state and local taxes, as well as changes on the horizon for charitable donations.

Vic & Mike review changes made by the One Big Beautiful Bill Act to the way state and local taxes are treated for tax purposes as well as upcoming changes ar...

11/14/2025

A good friend of mine and I had a good discussion about the new deductions available this year.

Take a look.

Two Sothern tax experts share a discussion around some features of the One Big Beautiful Bill Act that passed in July 2025. This episode features a discussio...