This week Hunt discusses if we ever really will see prices go back to "normal" and how that effects all of us.

• Do you think that prices will ever go down and what about your business? Will you ever decrease your rates?

• How can you decrease your prices if you do not decrease your employee wages?

• How are supply chains effecting prices with increases in ever single step of the distribution chain?

• If prices are only increasing because of costs, why are corporations making record profits in a time where they are supposedly short on cash?

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

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This week Hunt discusses the actual cost of that aging loaner fleet. Are they really as cheap as you think?

• What is an opportunity cost? How does that impact the actual cost of my loaner fleet?

• Does opportunity cost apply to me and my team equally?

• So, you spend a couple hundred dollars in parts to keep that beater on the road, but is it really "cheaper than a car payment?"

• How does opportunity cost apply to a tow truck that I also have off the road and not making me money?

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt sits down with Laura Tierney from ShopLoaner to discuss bringing your loaner fleet into the 21st century.

• How can utilizing software streamline your workflow as well as actually generate money in seconds?

• What are some major pitfalls of having shop loaners, and how can you avoid those?

• Who is a good candidate for loaner cars, and who should you think twice about giving a loaner to?

• How can I recover costs from customers for gas, tolls, fines, and other charges they incur?

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt talks about the recent Fed meeting, the impacts, and other factors affecting the current market.

• How much impact is the recent Fed rate increase going to have on me?

• What can we learn from the federal reserve that will shape how the rest of the year is going to unfold?

• Is there a real possibility that the US could default on some of its debt and what would be the impacts of this?

• Is a market correction inevitable and is that truly as bad as it sounds?

Link for Chart: https://data.bls.gov/timeseries/JTS000000000000000JOL

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt talks about the most significant missing link between his clients that make money (rich people) and have money (wealthy people)

• Is there a relationship between how much money someone makes and how much money they actually have?

• What is your personal ratio, and how can you improve it?

• If you have never saved money, how can you start setting yourself up to be more responsible in the future?

• Is debt something to be avoided, or can you actually leverage debt to save more money?

Thanks to our sponsor partner NAPA TRACS

NAPATRACS.com

Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt covers a listener request regarding grey-area expenses that can be deducted by your business, but should they always be?

• What does the IRS look at on my expenses if I was ever to be audited?

• How does satisfying the requirement of "ordinary and necessary" expenses for my business shift my possible deductions?

• How am I taxed if I buy a personal asset from myself for my business?

• What are some downfalls to going overboard in writing off expenses in my business that affect me in the short term and long term?

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt sits down with Mitch Moncur of Denny's Auto in Utah to discuss the takeaways from moving to a 4-day work week.

• What are some of the most significant changes you noticed with your team since you moved to a 4-day work week?

• Any negative feedback from customers by reducing the number of days open?

• Is this something that you believe will allow you to retain or attract new team members?

• Have there been any unintended consequences from moving to the 4-day work week?

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt discusses the pitfalls of falling behind on taxes and ways to save to avoid them.

• If I am an S-corp, can I pay my personal taxes from my business?

• How should you pay in taxes if you have payroll and profits from your business?

• Can you pay your taxes all at the end of the year and avoid estimates all together?

• If I cannot pay my tax bill, how do I pay it back over time?

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt discusses the differences in taxation of common expenses that you might not be aware of.

• What kind of meals am I allowed to deduct and how are in house meals different than meals offsite?

• How much of a deduction do I get if I donate my services to a charity or donate a piece of business equipment?

• Should I write off my life insurance premiums?

• What other classifications should I be aware of on my P&L that could effect my end of year taxes?

Thanks to our sponsor partner NAPA TRACS

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

This week Hunt discusses the basics behind debt and how to pay your debt down in a safe manor.

• What factors go into evaluating whether debt is a good option or not?

• How does leverage work with debt and how do you analyze the situation to make sure it will be a profitable one?

• Do I actually want to be debt free or is this debt making me more money than it is costing me?

• How do I select what debt to start paying down first?

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Hunt Demarest, CPA

Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here