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Quarter 2, 2021 Updates
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June 15, 2021
Ron Parisi
We wanted to fill everyone in on some updates that are happening as we make our way closer to the start of the third quarter of 2021. If you have not had a chance to read any of our previous blogs on the The New Biden Tax Plans, go give them a read. We will continue to keep everyone up to dat...
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How Successful People Use SMART Goals
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May 18, 2021
Ron Parisi
For any person, goals are important to have. As an entrepreneur, though, goals are vital to growing your business - specifically SMART goals. There is immense power in developing long-term goals, so let’s talk about how successful people use SMART goals to grow their business. SMART Go...
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April 15th, 2021 Should Still Be On Your Tax Calendar
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March 30, 2021
Ron Parisi
IRS Filing Deadline Extended As most of you have probably already heard, the IRS has extended the filing deadline for 2020 taxes to May 17th, 2021. While that may be helpful to a lot of people, there are a few stipulations that you need to keep in mind. The first being that this only includes tax r...
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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 works, we have a vid...
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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 how 15 minutes can cha...
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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 expands the Child Tax Cred...
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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 procedures, numbers...
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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 helping those in need. Tha...
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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 McDonalds, Chick-Fila-A,...
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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 and opportunities.&n...
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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 parties know how mu...
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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 Revenue vs. Net Income So...
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