최고 Business Numbers 팟캐스트 (2024)

1
Do the "Rich" Pay Their Fair Share of Taxes? [E114] 47:21

6d ago47:21

47:21

Welcome to this episode of "Business by the Numbers," where we dive deep into the often controversial topic of tax fairness. Join Hunt, as he explores if the wealthiest among us are really shouldering their fair share of the tax burden. • Defining 'Rich': How income levels and perceptions of wealth vary across different regions and impact tax contr…

1
Will I Qualify for that Loan? Will the Buyer of My Business? [E113] 42:57

13d ago42:57

42:57

In this week’s episode, Hunt gets into the financial intricacies faced by auto repair shop owners, from refinancing debts and selling shops to securing new mortgages in today’s unpredictable market. He explores the strategies and tips to steer through the banking hurdles and optimize your financial operations. • Market Update & Interest Rates: Star…

1
Making a Profit Without Marking Up Parts? [E112] 32:02

20d ago32:02

32:02

In the latest episode of "Business by the Numbers," Hunt tackles an intriguing question for auto repair shops: Can success be achieved without marking up parts? This concept challenges traditional profit models in the auto repair industry, sparking a discussion on how feasible this strategy actually is. This episode explores the potential shift tow…

1
Mailbox: Listener Questions Answered [E111] 50:08

27d ago50:08

50:08

In the latest episode of Business by the Numbers, Hunt Demarest, CPA at Paar Mellis & Associates, tackles your top questions on taxes, accounting, and navigating government policies for small businesses. This episode explores how recent government actions like the budget deal affect your business, alongside evergreen topics like: • Paying Yourself:…

1
Rising Costs - Raising Prices [E110] 35:10

1M ago35:10

35:10

This week, Hunt takes a deep dive into the hot-button issue of price increases within the auto repair sector. He offers a nuanced examination of vendor pricing, market dynamics, and the psychological elements of setting rates in your business. With examples from real-life scenarios, this episode is a treasure trove for auto repair shop owners striv…

1
What If?! [E109] 39:33

1M ago39:33

39:33

What if there's a fire in your shop? An oil spill? A natural disaster or God forbid, a death? How do you prepare for that? Well, This week, Hunt talks about preparing for the unexpected: Vision Expo: Hunt shares experiences and insights from attending the Vision Expo in Kansas City, emphasizing the importance of community and industry events. Impor…

1
The Balancing Act: Time, Money, and the (Automotive) Entrepreneur [E108] 37:07

2M ago37:07

37:07

In this episode, Hunt sits down with Jay Huh, a down-to-earth auto repair shop owner from North Carolina who's also a skilled public speaker, coach at Shop Fix, and even a pilot. Jay spills the beans on how he landed a speaking gig at the VISION Hi-Tech Training Expo with just a month's notice and why he's all in on making the auto repair industry …

1
The True Cost of Inaction [E107] 32:27

2M ago32:27

32:27

This week on Business by the Numbers, I want to talk shop and share insights that hit close to home for every garage owner out there. Today, I’m talking about an often overlooked aspect of your business - the true cost of inaction. Not just the dollars and cents you count every day, but the opportunities you might be missing out on. • The Hidden Ex…

1
Mortgage Rates, Forecast, Self Employment with Pat McCormick [E106] 35:18

2M ago35:18

35:18

In this episode, we dive deep into the world of mortgages with Pat McCormick, a seasoned expert from McCormick Mortgage Services. As we explore the complexities of the current mortgage landscape, including fluctuating interest rates and the outlook for future homebuyers, Pat offers invaluable insights that could impact everyone from first-time buye…

1
Help! I Can't Pay my Taxes! [E105] 40:38

2M ago40:38

40:38

As tax season 2024 unfolds, many entrepreneurs find themselves grappling with previous years' unpaid taxes, alongside the looming obligations for the current year. This episode gets into practical solutions for managing tax debt, with real-life advice and expert insights to navigate this challenging aspect of business ownership. • Understanding You…

1
Selling Tires : Can you Afford Not To? With Mike Edge [E104] 39:20

3M ago39:20

39:20

In this week’s episode of Business by the Numbers, Hunt welcomes Mike Edge from Tread Partners, a fellow podcaster from the Gain Traction Podcast. The dialogue explores the symbiotic relationship between tire sales and auto repair services, emphasizing the strategic value of incorporating tire sales into auto repair shops' service offerings. Why Se…

1
What is Your Number? (How to Die with Zero) [E103] 29:40

3M ago29:40

29:40

In this week’s episode of "Business by the Numbers," Hunt unpacks the key lessons from Bill Perkins' "Die With Zero." The discussion is not just about the book, but also about how to smartly plan your finances and life. He also talks about seeing retirement as more than just a financial goal. It's a chance to do what you love and enjoy the fruits o…

1
Setting Goals for 2024 [E102] 30:06

3M ago30:06

30:06

In this episode of "Business by the Numbers," Hunt talks about the essential process of setting and achieving business goals for 2024. Drawing from his teaching and podcasting background, he emphasizes the importance of a structured approach to establish clear, actionable goals. He underscores the necessity of living and operating deliberately, set…

1
New Spending Deal, Taxes and ERTC [E101] 29:17

3M ago29:17

29:17

In this episode of "Business by the Numbers," Hunt takes a look at the current state of government spending, the intricacies of the debt ceiling, and how this affects businesses and taxpayers. • Current State of Government Spending and Debt Ceiling: The ongoing negotiations and potential outcomes if a spending deal isn't reached. • Impact on Busine…

1
Charitable Contributions Explained [E100] 31:02

3M ago31:02

31:02

This week on Business by the Numbers, Hunt explores the complexities of charitable contributions in tax season: • Understanding Charitable Contributions: The critical differences between cash and non-cash donations, and their respective impacts on tax returns. • Navigating Deductions: Learn about what qualifies as a deductible charity, including th…

1
Writing Off Your Racecar [E099] 34:51

4M ago34:51

34:51

In this year's first episode, join CPA and racing enthusiast Hunt Demarest as he explores the intersection of race car enthusiasm and savvy business tactics. We're tackling the complex world of race car expenses and their tax implications: New Year's Goals: Discover Hunt's unique blend of personal and professional resolutions. Racing vs. Accounting…

1
The Final Countdown - End of 2023 Updates [E098] 32:13

4M ago32:13

32:13

In this year-end episode of 'Business by the Numbers,' Hunt gives a comprehensive overview of the latest financial updates and what to expect in 2024. Dive into topics like the Federal Reserve's decisions, ERTC updates, and new tax laws with insightful analysis. Federal Reserve Insights: Discussion on the Federal Reserve's recent meeting and its im…

1
End of Year: Allowances Vs. Reimbursements [E097] 28:20

4M ago28:20

28:20

In this week’s episode of Business by the Numbers, Hunt explores strategies for providing employee benefits in a tax-efficient manner. He navigates the complexities of allowances and reimbursements to benefit both your business and your team. • The Tax Differences Between Allowances and Reimbursements: Understanding the tax implications for employe…

1
New Book: Wrenches to Write-Offs [E096] 20:21

4M ago20:21

20:21

In this week’s episode, Hunt introduces his new book, "Wrenches to Write Offs," offering essential tax tips for repair shop owners. This book combines fundamental tax knowledge with practical strategies for smarter business operations. • Book Launch: Introduction of "Wrenches to Write Offs," a guide simplifying taxes for repair shop owners. • Avail…

1
Health Insurance [E095] 33:38

5M ago33:38

33:38

In this episode of "Business by the Numbers," Hunt explores the critical topic of health insurance for small businesses. Listeners will gain valuable insights into navigating the complexities of health insurance options, managing costs effectively, and understanding the legal and financial implications of providing health benefits in a small busine…

1
Recruiting the Right Way with Joelle Pollak from Promotive [E094] 32:46

5M ago32:46

32:46

This week, Hunt sits down for an insightful Chat with Joelle Pollak to talk about how Promotive is tackling staffing shortages in the automotive aftermarket, offering innovative solutions for shop owners. Expert Take on Recruitment Challenges: Dive into the complexities of hiring, focusing on the crucial balance of pay, benefits, and shop culture i…

1
Bad Numbers from Shop Management Software = Bad Financials [E093] 36:38

5M ago36:38

36:38

Hunt explores the crucial differences between shop management software and QuickBooks, focusing on the impact on parts margin. This episode is a must-listen for shop owners and financial managers seeking clarity and efficiency in their business operations. • Dual Bookkeeping Explained: Unravel the reasons behind running two sets of books and its ef…

1
True Cost of Paid Time Off [E092] 32:48

5M ago32:48

32:48

Today on Business by the Numbers, Hunt explores key strategies for enhancing business success through effective team management and development, as well as the long-term benefits of strategic employee management and development for sustained business success. • Strategic Value of Team Retreats: Insights into how team retreats and paid time off (PTO…

1
The End of Realtors? [E091] 25:07

6M ago25:07

25:07

Today, Hunt unpacks the groundbreaking verdict against the National Association of Realtors that's shaking up the real estate world Show Notes Verdict Breakdown: What the NAR ruling means for future home sales and industry reforms. Commissions in Question: Insight into how the lawsuit may dismantle traditional commission structures. Industry Impact…

1
Leases vs Loans - Does It Matter [E090] 29:18

6M ago29:18

29:18

Today on Business by the Numbers, Hunt compares a 5-year equipment lease to a 5-year bank loan to help you understand the financial and tax impacts of each option. He explains: • Different lease types and their impacts. • Case Study: Toyota Corolla: To buy or lease? Tax angles: full deduction for loans vs. lease payment deductions. • Why Lease? Wha…

1
Is My Business Worthless? [E089] 39:19

6M ago39:19

39:19

This week on Business by the Numbers, Hunt gets into business valuation: from tangible assets to the nuances of reputation and team value, all underlined by real client stories. Every business has value, and understanding it is pivotal for both sellers and buyers. Adapt and strategize for the future by exploring: • Valuation Nuances: Beyond the typ…

1
Solar Renewable Energy Credits [E088] 29:15

6M ago29:15

29:15

In this episode of Business by the Numbers, Hunt explores the world of renewable energy incentives and tax credits. From solar panel tax credits to the latest in EV charging station incentives, he breaks down some key points to help you make informed decisions for a greener future. • Solar Panel Tax Credits: Explore the benefits of solar panel tax …

1
EV's - Electric Vehicles Credits Explained [E087] 34:32

6M ago34:32

34:32

This week on Business by the Numbers, Hunt explores if EVs are transport's future or a subsidized industry. Manufacturers' stance: e.g., Toyota's hybrid focus and a breakdown of the 2023 credit rules: Differences in dates, base vs max credits, and the significance of kilowatt hours, as well as insight into the business strategies of major players l…

1
Government Shutdown Averted...For Now [E086] 27:50

7M ago27:50

27:50

Today on Business by the Numbers, Hunt talks about potential government shutdowns. He discusses why we're here, including the Ukraine funding and the political spending tug-of-war. • How can the wobbly government budget mess with our day-to-day? The ups and downs of the fiscal year and why getting those 12 funding bills passed is like herding cats.…

1
Are You Insured? [E085] 32:55

7M ago32:55

32:55

This week in "Business by the Numbers," Hunt explores the vital role of insurance in safeguarding businesses against unexpected challenges. Through real-life cases, Hunt emphasizes the importance of tailored coverage and proactive communication with insurance agents. • Insurance Misconceptions: Not all "basic" coverage is sufficient. • In-Depth Cas…

1
The End of ERTC? (Employee Retention Tax Credit) [E084] 36:24

7M ago36:24

36:24

The ERTC (Employee Retention Tax Credit) is something Hunt has talked about in the past (See Episode 10 and 33) but this week, he wants to discuss the current status of the IRS with regard to auditing and follow-up on businesses that have claimed this credit, such as: IRS is upping their fines if you don't disclose all funds, even the legit ones. I…

1
Estimated Taxes and Tax Forecasting [E083] 31:08

7M ago31:08

31:08

This week, dive into proactive tax management. Whether you're wrapping up extended returns from 2022 or gearing up for the next tax year, now's the time to strategize. Hunt unpacks essential insights: • Tax Extensions: Can they shield you from audits? • Working with Accountants: Understand reasonable expectations and collaborate effectively to plan…

1
Separating Profit Centers in Financials [E082] 31:02

8M ago31:02

31:02

This week on Business by the Numbers, Hunt discusses the challenges in a multi-service auto repair business, focusing on misconceptions about profitability. He analyzes a Trucking Business and the power of accounting such as: Understanding direct, labor, and overhead costs. The role of accounting tools in revealing true financial insights and evalu…

1
Benchmark Report: Top vs. Not Shops [E081] 33:37

8M ago33:37

33:37

The comprehensive Automotive Industry Benchmark Report is now live! Want the full details? Dive in at www.paarmelis.com. • Decoding Top Shops: How did we determine the crème de la crème of automotive shops? Today, Hunt sheds light on the meticulous methodology behind it. Is it about the sales charts, workforce strength, or the footprint in communit…

1
Industry Benchmark Report: Initial Thoughts [E080] 23:49

8M ago23:49

23:49

Do you recall episode 49, about the Automotive Industry Benchmark Report? Well, its release is fast approaching! Today, Hunt goes deeper into the origins of the report, the questions posed, and a sneak peek at some (surprising) discoveries. Nuanced relationships, direct or inverse, between different variables and metrics in the automotive industry.…

1
ROTH Retirement Accounts [E079] 35:10

8M ago35:10

35:10

This week, Hunt talks ROTH Retirement: • What is the difference between a ROTH IRA and a ROTH 401K? What are the benefits and drawbacks to each? • How does taxation differ based on age? If you are over versus under 50 years old, how does this affect contributions? • How do personal goals and tax rates affect which retirement account makes the most …

1
Credit Card Processing Fees [E078] 26:06

9M ago26:06

26:06

In this episode of Business By the Numbers, Hunt discusses the topic of credit card processing fees and their impact on business. • Should businesses pass on these fees to customers? • Consider the customer's experience and the potential backlash of charging credit card fees. • Potential changes being debated in Congress that could affect credit ca…

1
Buying Your Boss's Shop with Matt Fanslow [E077] 58:15

9M ago58:15

58:15

In this week's episode of Business by the Numbers, Hunt sits down with the knowledgeable Matt Fanslow (“Diagnosing The Aftermarket A-Z” Podcast) to candidly discuss the journey of buying his boss' shop such as: • Roadblocks in the Buying Process: • Influence of External Parties on Behaviors and Relationships • Personal and Financial Ramifications o…

1
Are You Advertising Efficiently or Inefficiently? [E076] 33:40

9M ago33:40

33:40

Last episode, I talked about factors that play into calculating customer acquisition cost for your business. This week, I'll explore how you can figure out what an appropriate acquisition cost is for your shop. As usual, it's not a one-size-fits-all answer, but I’ll talk about a few factors that can help you decide: • Advertising Spend as a Percent…

1
Customer Acquisition Cost [E075] 23:13

9M ago23:13

23:13

Hunt delves into the critical topic of calculating customer acquisition cost and understanding its intricacies. • Defining the A+ Customer: How the type of customer plays a significant role in determining acquisition cost. Learn about factors that influence this cost and how identifying your ideal customer can optimize your marketing efforts. • The…

1
Predatory Lending [E074] 37:03

10M ago37:03

37:03

In this week's episode, Hunt delves into the disturbing world of predatory lending, where borrowers are manipulated and taken advantage of by unscrupulous lenders. He’ll discuss things such as; • The circumstances that lead people to seek loans from predatory lenders • Insights into the functioning of these predatory lending "banks" and the strateg…

1
Passing Your Business on to the Next Generation - Part 2: The Deal [E073] 32:20

10M ago32:20

32:20

Welcome back! Now, for part 2 of Passing Your Business on to the Next Generation. Today, Hunt continues to explore the crucial steps involved in transitioning your business to the next generation. Last week, He talked about effective communication, creating a solid plan, and achieving a balanced deal that ensures both your retirement and your child…

1
Passing Your Business on to the Next Generation - Part 1: The Basics [E072] 36:53

10M ago36:53

36:53

In this two-part episode of Business by the Numbers, Hunt delves into passing your business on to your children. In Part 1, he explores the key factors that can either strengthen or strain your family relationships during this process. Hunt shares valuable insights and personal experiences to guide you through this important transition, such as; • …

1
Interest Rates vs. Business Expansion [E071] 39:33

10M ago39:33

39:33

This week Hunt discusses the influence of rising interest rates on shop owners' business expansion decisions. • The recent decision by the FED regarding interest rates and the anticipated trajectory for the rest of the year. • What kinds of shifts in the current market have taken place for buying and selling shops, and how will these changes affect…

1
Are S-Corp Distributions/Draws Taxable? [E070] 34:12

10M ago34:12

34:12

This week Hunt discusses a common misconception surrounding S-Corp draws and how they are taxed. • What is a draw and how do you know how much you can take out of your business? • Does the amount that I pay myself have any relationship or impact on how much in draws I can take? • Do I pay tax on my draws? • What are issues that I could end up payin…

1
Memorial Day and a Reflection on Your Numbers [E068] 39:46

11M ago39:46

39:46

This week Hunt discusses how sometimes reflecting on the past financials isn't always fun but its always necessary. • What is the purpose of financials and how does past performance effect future expectations? • How can I utilize past months or years financials to judge the accuracy or expectations of sales targets and projections? • What can I lea…

1
Memorial Day and a Reflection on Your Numbers [E068] 39:46

11M ago39:46

39:46

This week Hunt discusses how sometimes reflecting on the past financials isn't always fun but its always necessary. • What is the purpose of financials and how does past performance effect future expectations? • How can I utilize past months or years financials to judge the accuracy or expectations of sales targets and projections? • What can I lea…

1
Pricing [E067] 30:54

11M ago30:54

30:54

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 incr…

1
Opportunity Cost [E066] 29:39

11M ago29:39

29:39

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 real…

1
Talking Loaner Cars with Laura Tierney from ShopLoaner [E065] 52:36

12M ago52:36

52:36

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, a…

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