Form over Substance
This week I want to talk about Form Over Substance. Some of our new clients have co-mingled their personal expenses and funds with their business funds. With the recent IRS audits and the Inflation Act...
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What you need to know about Venture Capital Funds
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...
Read MoreScaling Up
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...
Read MoreHow Accountants Make Business Owners Money
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...
Read MoreHow You Look At Revenue
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...
Read MoreLetting Your Financial Operations Go
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...
Read MoreWealth Accumulation Plan
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...
Read MoreDeducting Medical Insurance Premiums
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...
Read MoreWhen to Hire a Full-Time CFO
“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...
Read MoreShort-Term and Long-Term Tax Planning – No More Clickbait Please
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...
Read MoreUnderstanding Your Business Financials
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...
Read MoreOwner’s Contributions Post Sale
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...
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