Owner’s Contributions Post Sale
A couple months ago, we talked about business sales and exit strategies. We got a lot of positive feedback surrounding that blog and wanted to continue the discussion this week. We get asked a...
Read MoreAuthor Archives: cpaonfirestg
IRS Problems – Things You Need to be Aware of
As many are aware, the IRS has been in a constant state of backlog since early 2020. Last year the agency received 119 million phone calls, up from 35 million in a typical year. Ongoing...
Read MoreRetirement Plans for Entrepreneurs – Which is Best
There are many obstacles to go through as an entrepreneur. Navigating the waters of owning a business can be confusing and discouraging. When it comes to retirement, you might be wondering how that will work...
Read MoreHow to Prepare for Tax Season as an Entrepreneur
It’s that time of year again: time to think about your taxes. We know that this topic can be intimidating for anyone, especially an entrepreneur. Lucky for you, we’re here to make this process as...
Read MoreBusiness Exit Strategies: What to Consider When Selling Your Business
Today we’re tackling an important question about your business exit strategy. CPA On Fire’s managing member, Ron Parisi, spoke with John Lee Dumas of Entrepreneurs On Fire about this very topic. He dove into EOFire’s...
Read MoreSmall Business Statistics – What You Want to Know
When it comes to running a business, there are some statistics you will want to know. Whether you are already an online entrepreneur or just tossing the idea around in your head, you will want...
Read MoreARE YOU READY FOR S-CORP STATUS?
If you have ever read an article or blog about saving taxes as an online entrepreneur, you’ve heard of the S Corp election. The main benefit of an S Corporation is potentially to save on...
Read MoreHOW OUTSOURCING YOUR FINANCIALS CAN BENEFIT YOUR BUSINESS
As an entrepreneur and business owner, you have a lot on your plate. Growing your business, handling your financials, managing employees and contractors. Finding ways to be more efficient and beneficial to your business is...
Read MoreHOW DO I TAKE CASH OUT OF MY BUSINESS?
A few weeks ago, we talked about how to pay yourself as an entrepreneur and business owner. But you might still be asking yourself "how do I take cash out of my business?" If you...
Read MoreDO I NEED TO SEND A 1099?
We’re closing in on 1099 season, so we’re here to help you determine if you need to send any or if you should expect to receive any. If you are unfamiliar, a 1099 is a...
Read MoreHOW DO I PAY MYSELF AS AN ENTREPRENEUR?
Owning a business is a remarkable accomplishment. Being an entrepreneur comes with a large amount of responsibility; specifically, when it comes to your financials. Paying yourself as an entrepreneur is not a complicated topic, but...
Read MoreBIG PLANS FOR 2022: WHO IS GOING TO HELP YOU GET THERE?
A few weeks ago, we talked about how important it is for online entrepreneurs to get their tax advice from a qualified tax professional. Our video blog last week talks about knowing your numbers as...
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