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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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Short-Term And Long-Term Tax Planning – No More Clickbait Please
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April 12, 2022
Ron Parisi
At CPA On Fire, we are on the forefront of tax strategies for entrepreneurs. Our accountants have been doing tax planning and strategies for over 25 years, so we are well versed in what it takes to successfully reduce an entrepreneur’s taxes. There is an unbelievable amount...
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Understanding Your Business Financials
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March 29, 2022
Ron Parisi
The world is changing quickly and one of the best ways to keep up is by understanding your business financials. Between inflation, wars, and other worldwide affairs, everyone understands that things can change in the blink of an eye. The last thing you want is to find yourself in...
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Owners Contributions Post Sale
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March 15, 2022
Ron Parisi
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 lot: “What is my role as previous owner after the sale of my business?&rd...
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IRS Problems - Things You Need To Be Aware Of
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February 22, 2022
Ron Parisi
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 staffing challenges during COVID, the sharp increase in phone calls they have been receiving, ...
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