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Charlie Munger: A Financial Mastermind
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February 17, 2023
Ron Parisi
I’m sure you’ve heard of him: Charlie Munger. The financial mind behind Warren Buffet – one of the most successful self-made billionaires walking the planet. Growing up, I always saw them as the perfect situation where you had an entrepreneurial visionary l...
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Letting Your Financial Operations Go
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December 22, 2022
Ron Parisi
We get it. Running and growing a business can be really hard. But letting your books go by the wayside can be detrimental to your business. If you find yourself in this position, you do not want to let this problem fester. The longer you put it off, the worse it will get. Talk wi...
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Rest And Relaxation
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December 22, 2022
Ron Parisi
Entrepreneurs work so hard on a daily basis to run their business. Wearing a multitude of hats, juggling so many different things, it can be easy to let that get overwhelming. So today I want to stress the importance of taking time away from your business to recuperate and recove...
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The 3 Pillars Of On Fire System
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December 22, 2022
Ron Parisi
Bookkeeping & Accounting: Every business owner needs to know how their books look. Know your current sales, current profits margins, current net income, profit margins, debt, all of it. Stay on top of these at least monthly, if not weekly. Set aside the time regularly to look...
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The On Fire System Purpose
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December 22, 2022
Ron Parisi
Every entrepreneur who has ever been successful has had a strong financial expert assisting them as they grow and scale in their business. That financial expert can help you through the daunting process of massively growing. Without an experienced tax professional, you could find...
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Wealth Accumulation Plan
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December 22, 2022
Ron Parisi
Do you have a wealth accumulation plan in place? We aren’t financial advisors; we won’t tell you what crypto to invest in or what stock is doing the best right now. But we are proactive with our client’s cash flow. We will make sure you are on the r...
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How You Look At Revenue
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December 22, 2022
Ron Parisi
Right now you are probably tracking revenue by cash. You get payment from a client, you have some sort of payment processor process it and two days later it’s in your bank account, then your accounting software takes it and marks it as revenue. What I would like you t...
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Second Half Of The Year
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June 30, 2022
Ron Parisi
As we hit the halfway mark on the year, I like to take a look back at several things at CPA On Fire. I would encourage you to do the same with your business. Start by looking at the following: Take a hard look at the last two years - how far have you come and how far has your ...
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Tax Estimates For Q2 Are Due June 15th
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June 14, 2022
Ron Parisi
If you are a taxpayer who pays quarterly estimates, 2nd quarter estimate payments are due tomorrow, June 15th. Make sure to pay before or on June 15th to avoid penalties and fees. You can pay directly through the IRS website with their Direct Pay service, or you can mail i...
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Deducting Medical Insurance Premiums
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May 23, 2022
Ron Parisi
Over the last few years, medical insurance premiums – like many other things – have skyrocketed. The fortunate part for entrepreneurs is that those premiums are deductible on your taxes. Any medical insurance premiums that you pay for mainstream insurance compa...
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Giving Yourself Permission
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May 10, 2022
Ron Parisi
As an entrepreneur who wants to scale, the general rule is to cut all expenses except the absolute necessary. I’m sure you’ve heard it before, and I know you’ll hear it again. Most startup company stories detail the founder slashing expenses; only hiring the abs...
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When To Hire A Full-Time CFO
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April 25, 2022
Ron Parisi
“At what revenue level do I want a CFO reviewing my business on a monthly or full-time basis?” This is the type of question we get asked a lot. Many business coaches and business books out there talk about finances being the foundation of a successful business...
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