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What You Need To Know About Venture Capital Funds
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May 19, 2023
Ron Parisi
A Venture Capital Fund is a group of investors who look for undervalued companies with the goal of investing in these companies and make them more profitable. At CPA on Fire, I speak with entrepreneurs about the three-legged stool in their business- 1.) Product or Service, 2.) Marketing a...
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Scaling Up
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April 28, 2023
Ron Parisi
Today, I’d like to talk about a book I’ve been reading- Scaling Up by Verne Harnish, a very influential leader for entrepreneurs . I wanted to discuss a very interesting section of the book especially for Entrepreneurs, whether it’s for a big or a small team. A secti...
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How Accountants Make Business Owners Money
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April 07, 2023
Ron Parisi
An interesting question that's always been asked of me over the years is, “How does an accountant or a vCFO make money for the Entrepreneur?”. You as an Entrepreneur are always on the cutting edge of what’s new and what’s innovative for your business. Then, looking at the...
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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 with a financial exper...
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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 right track and that ...
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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 companies (think Anthem, ...
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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, but nobody really ...
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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 of clickbait out th...
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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 a position where yo...
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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?” Ultimat...
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Business Exit Strategies: What To Consider When Selling Your Business
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January 11, 2022
Ron Parisi
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 assets – their brand, audience, sponsors, email list, and e...
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ARE YOU READY FOR S-CORP STATUS?
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December 20, 2021
Ron Parisi
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 taxes, in particular on self-employment tax (SE tax). THIS DECISION REQUIRES CAREFUL CONSIDERATION....
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