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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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HOW DO I PAY MYSELF AS AN ENTREPRENEUR?
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November 22, 2021
Ron Parisi
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 it does need to be done correctly. The structure of your business de...
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Tax Time Is Right Now - Know Your Numbers
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November 09, 2021
Ron Parisi
https://youtu.be/ic9Rwa9D9xs Let's connect!...
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CHOOSING THE RIGHT BUSINESS ENTITY
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August 23, 2021
Ron Parisi
What is a Business Entity? Choosing the right business entity, or legal structure, you operate your business out of is an important decision. Your choice of business entity will impact you in two major areas: tax liability and legal liability. Few choices you make will impact your busines...
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Three Financial Ratios Entrepreneurs Should Monitor
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August 31, 2021
Ron Parisi
Telling a Story with Numbers For a business, numbers and statistics let us make comparisons. They tell us how well the business is doing, they allow us to track year to year progress, and they give comparisons to the competition. They also allow us to ignite our financial growth within our business...
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