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BENCH ACCOUNTING CLOSES: WHAT IT MEANS FOR BUSINESS OWNERS
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March 23, 2021
Ron Parisi
Why Bench’s Shutdown Matters Entrepreneurs rely on accounting to keep their finances in order, but is basic accounting enough? When Bench, a well-known accounting company, suddenly shut down, many business owners panicked. Their low-cost model seemed like a great deal&md...
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Tax Planning Strategies Through Different Business Cycles
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March 23, 2021
Ron Parisi
Tax planning is vital for; us, entrepreneurs, navigating through different business cycles. By managing taxes; strategically, we optimize business resources, mitigate risks, and ensure long-term sustainability.In this guide, we will explore essential tax planning strategies ...
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PPP Round 2: What That Means For Online Businesses
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January 19, 2021
Ron Parisi
With the second round of PPP Loans passing, entrepreneurs are curious if they are eligible to receive it. So for this week’s blog, we wanted to give you a quick rundown of the details of the newest relief bill. If you want a more in-depth look at how the new relief package ...
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PPP Loan Version 2: Video Blog
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January 13, 2021
Ron Parisi
PPP Loan Rolling Out for 2021 Ron Parisi is here to give you some updates on the new PPP loan that is being rolled out for the start of 2021. Watch the video below! If you are interested in connecting with us, click here to schedule a Free Financial Review. You will be amazed ho...
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When I Do This, I Do That: How To Form Good Financial Habits
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March 23, 2021
Ron Parisi
Habits: An important part of being an entrepreneur is making sure you have good habits. It can be difficult to stay motivated, especially when working from home. Distractions are everywhere but it is imperative to make sure you stay on track during your workday despite that. The...
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The American Rescue Plan – What Does This Mean To You Personally
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March 16, 2021
Ron Parisi
On Thursday, the American Rescue Plan Act was signed into law which makes big changes to the current tax law. These changes are taking affect immediately and will have an impact on both your business and personal tax returns for 2020. The total package is $1.9 trillion and expand...
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Employee Hostage Situations
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February 23, 2021
Ron Parisi
A large reason, that is often overlooked, to outsource your CFO and accounting services is to avoid Employee Hostage Situations. An Employee Hostage Situation is a circumstance where a business is held “hostage” by an employee due to their knowledge of business...
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PPP Loan – We’re Getting Close To The 2 AM Last Call
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February 16, 2021
Ron Parisi
The Paycheck Protection Program (or PPP for short) is a relief program that started in 2020 by the Federal government to aid businesses that were impacted by COVID-19. With the continuation of the virus into 2021, they have done some new things with the program to continue helpin...
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An Accounting Department In A Box
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February 02, 2021
Ron Parisi
At CPA On Fire, we provide virtual CFO services for online businesses. There is an aspect to these services that we refer to as An Accounting Department in A Box. All great companies have superior processes when it comes to their business models; just look at McDo...
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THE EMPLOYEE RETENTION CREDIT: How This Tax Credit Affects YOUR Online Business
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January 26, 2021
Ron Parisi
The Employee Retention Credit We are going to keep this week’s blog short – today’s topic of the revised payroll credit is a complex one. One of the jobs at CPA On Fire is to keep our community of online entrepreneurs up to date on all the new tax updates ...
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Do You Need To Send A 1099?
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December 15, 2020
Ron Parisi
One of the major questions we are asked by entrepreneurs every year is whether or not they need to send out 1099’s to their contractors. If you are unfamiliar, a 1099 is a tax form that a business owner sends out to both their contractors and the IRS each year, letting both...
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Financial Terms Every Entrepreneur Should Know
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December 08, 2020
Ron Parisi
Know Your Numbers Most entrepreneurs know there are costs involved in running their business, but a lot do not know the difference between certain financial terms involved in their business. To help with that, here are a few terms that every entrepreneur should know. Gross Reven...
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