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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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Three Tips For Staying Productive While Working From Home
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November 30, 2020
Ron Parisi
With great power comes great responsibility... One of my favorite parts of being an entrepreneur is the ability to work from home. During tax season I’m in the office almost daily, but for the other portion of the year I have the ability to work from home most of the week. With the strike of ...
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My Favorite Part Of The Job
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November 10, 2020
Ron Parisi
What We Do: We are virtual CFOs for growing online entrepreneurs and businesses. In the first phase of our onboarding, we take complex responsibilities and systematize them for our clients. This takes the burden off the client and opens the door for the entrepreneurs to focus on the integral aspect...
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Why VCFO Services Work For The Growing Online Entrepreneur?
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October 18, 2020
Ron Parisi
Why vCFO services work for the growing online entrepreneur? Operating a business is no easy task. Sometimes the most innovative product or service is not the most successful. The most successful ventures are the most innovative at running their entire operations – including financ...
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How A VCFO Prepares For A Podcast Appearance
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March 02, 2021
Ron Parisi
Getting Started: I have been getting ready for another guest appearance on Clay Clark’s Thrivetime Show Podcast and while doing that, thought I would share my experience with you. The Thrivetime Show Podcast has over 500,000 monthly downloads, so it can be daunting to think about speaking to ...
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VCFO Services: A View From An 11-Year-Old
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February 09, 2021
Ron Parisi
Recently my son came to me and asked what I do for work. Trying to explain the details of accounting to an 11-year-old is a losing battle, so instead I gave him an analogy that I think you all could learn from. Accounting is like a football game – except both teams have the ball at the ...
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