How to be a cool CEO of your business?
All of us would like to be the cool, relaxed CEO of our businesses. But sometimes when we look at the real picture, all we see is a sleep-deprived, stressed-out business owner because of the...
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Charlie Munger: A Financial Mastermind
I’m sure you’ve heard of him: Charlie Munger. The financial mind behind Warren Buffet – one of the most successful self-made billionaires walking the planet. Growing up, I always saw them as the perfect situation...
Read MoreSecond Half of the Year
As we hit the halfway mark on the year, I like to take a look back at several things at CPA On Fire. I would encourage you to do the same with your business. Start...
Read MoreTax Estimates for Q2 are Due June 15th
If you are a taxpayer who pays quarterly estimates, 2nd quarter estimate payments are due tomorrow, June 15th. Make sure to pay before or on June 15th to avoid penalties and fees. You can pay...
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...
Read MoreIRS Problems – Things You Need to be Aware of
As many are aware, the IRS has been in a constant state of backlog since early 2020. Last year the agency received 119 million phone calls, up from 35 million in a typical year. Ongoing...
Read MoreRetirement Plans for Entrepreneurs – Which is Best
There are many obstacles to go through as an entrepreneur. Navigating the waters of owning a business can be confusing and discouraging. When it comes to retirement, you might be wondering how that will work...
Read MoreHow to Prepare for Tax Season as an Entrepreneur
It’s that time of year again: time to think about your taxes. We know that this topic can be intimidating for anyone, especially an entrepreneur. Lucky for you, we’re here to make this process as...
Read MoreSmall Business Statistics – What You Want to Know
When it comes to running a business, there are some statistics you will want to know. Whether you are already an online entrepreneur or just tossing the idea around in your head, you will want...
Read MoreARE YOU READY FOR S-CORP STATUS?
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...
Read MoreHOW DO I TAKE CASH OUT OF MY BUSINESS?
A few weeks ago, we talked about how to pay yourself as an entrepreneur and business owner. But you might still be asking yourself "how do I take cash out of my business?" If you...
Read MoreDO I NEED TO SEND A 1099?
We’re closing in on 1099 season, so we’re here to help you determine if you need to send any or if you should expect to receive any. If you are unfamiliar, a 1099 is a...
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