Explore every episode of the podcast Business By The Numbers
| Title | Pub. Date | Duration | |
|---|---|---|---|
| Comparing the 2024 Presidential Tax Plans [E137] | 26 Sep 2024 | 00:34:09 | |
In this episode of Business by the Numbers, Hunt Demarest, CPA, breaks down the latest tax proposals from Kamala Harris and Donald Trump, helping business owners understand what changes could impact their bottom line. Whether it’s Harris’s $50,000 small business deduction or Trump’s overtime tax elimination, Hunt offers critical insights into what’s real, what’s likely, and what’s just campaign rhetoric.
Thanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support? It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice. Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com Thanks to our partner, Promotive It’s time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com. Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Download a Copy of My Books Here: The Aftermarket Radio Network: https://aftermarketradionetwork.com/ Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open Discussion. Diagnosing the Aftermarket A to Z with Matt Fanslow: From Diagnostics to Metallica and Mental Health, Matt Fanslow is Lifting the Hood on Life. Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest. The Auto Repair Marketing Podcast with Kim and Brian Walker: Marketing Experts Brian & Kim Walker Work with Shop Owners to Take it to the Next Level. The Weekly Blitz with Chris Cotton: Weekly Inspiration with Business Coach Chris Cotton from AutoFix - Auto Shop Coaching. Speak Up! Effective Communication with Craig O'Neill: Develop Interpersonal and Professional Communication Skills when Speaking to Audiences of Any Size. | |||
| Key KPI: Productivity & Efficiency [E136] | 19 Sep 2024 | 00:25:08 | |
In this episode of Business by the Numbers, host Hunt Demarest, CPA, dives into the critical role that productivity and efficiency play in the profitability of auto repair shops. Using real-world examples, Hunt explains the differences between these two metrics and how shop owners can leverage them to drive business success
Thanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support? It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice. Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com Thanks to our partner, Promotive It’s time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com. Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Download a Copy of My Books Here: The Aftermarket Radio Network: https://aftermarketradionetwork.com/ Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open Discussion. Diagnosing the Aftermarket A to Z with Matt Fanslow: From Diagnostics to Metallica and Mental Health, Matt Fanslow is Lifting the Hood on Life. Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest. The Auto Repair Marketing Podcast with Kim and Brian Walker: Marketing Experts Brian & Kim Walker Work with Shop Owners to Take it to the Next Level. The Weekly Blitz with Chris Cotton: Weekly Inspiration with Business Coach Chris Cotton from AutoFix - Auto Shop Coaching. Speak Up! Effective Communication with Craig O'Neill: Develop Interpersonal and Professional Communication Skills when Speaking to Audiences of Any Size. | |||
| Daily Weekly Monthly Yearly : When and What should I be Looking for on My Financials? [E127] | 18 Jul 2024 | 00:28:59 | |
Thanks to our partners, NAPA TRACS and Promotive In this episode, Hunt Demarest, CPA with Paar Melis & Associates, discusses the importance of regularly analyzing your financials. Learn how to effectively use daily and monthly reviews to drive your shop’s profitability and productivity. Key Takeaways:
Thanks to our partners, NAPA TRACS and Promotive Did you know that NAPA TRACS has onsite training plus six days a week support? It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice. Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com. Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book: Download Here | |||
| End of Year Tax Tips [E042] | 01 Dec 2022 | 00:39:24 | |
End of Year Tax Tips. This week, Hunt talks about how to make sure you are prepared for the end of year and taxes. • What do I need to be doing with my retirement and how can I make sure I maximize? • When is the deadline to make HSA and Traditional IRA contributions for this year? • What do I need to be verifying on my business financials and how does that effect me for taxes? • What do you need to do to make sure you can close the year on time and get a jump on taxes? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Self Rental Tips & Tricks [E041] | 24 Nov 2022 | 00:37:55 | |
Self Rental Tips & Tricks. This week, Hunt talks about how to make sure you are limiting your liability and maximizing the benefits of renting real estate from yourself. • Why is it important to separate your real estate from your operating company? • How should you setup the entities for your operating entity and your real estate entity? • What is fair market rent and how do I figure this number out for my shop? • Which entity should pay for certain expenses and what are the benefits of doing it this way? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Bank Loans 101 [E040] | 17 Nov 2022 | 00:43:58 | |
Show Notes: Bank Loans 101. This week, Hunt talks about how banks judge your business for loans and what to do to ensure you are prepared.
The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| The Federal Reserve Explained [E039] | 10 Nov 2022 | 00:23:47 | |
The Federal Reserve Explained. This week, Hunt talks about what is the Federal Reserve is and how they affect your finances. • What are the basic principles that allow a market to set a price? • How does the Federal Reserve use interest rates to change the spending patterns of consumers? • How do these swings in interest rates effect your customers and your business? • How long will this last, and will it get better or worse in the next 12 months? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Tech Pay Plans [E038] | 03 Nov 2022 | 00:50:02 | |
Tech Pay Plans. This week Hunt dives deep into the different kind of pay plans and what sets them apart. • Is flat rate the devil and should be banned or is the only way that you should be paying your techs? • Are you able to properly motivate hourly employees? • Why is it so important to make a pay plan that is easy to understand? • How can you know if a team based bonus plan makes work for your shop? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Personal Finance and Investing with Andy Bizub [E037] | 27 Oct 2022 | 00:51:32 | |
Personal Finance and Investing with Andy Bizub. This week Hunt is joined by Andy Bizub of Midwest Performance Cars to talk everything personal finance and investing. • What are the big mistakes people make with their personal investing that can jeopardize liquidity and retirements? • What should you be looking for an average return on your investment portfolio? • Why is liquidity in your investments so important? • What is on the horizon in the overall economy and how should that effect your investing strategies if at all? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| How to Find Your Next Technician with Chris Lawson [E036] | 20 Oct 2022 | 00:35:49 | |
How to Find Your Next Technician with Chris Lawson. This week Hunt is joined by Chris Lawson from Technician Find and we talk about how is able to find quality tech's even in todays market. • What are things that you can do to stand out and attract top level talent? • How can you setup a help wanted ad that delivers the right message to prospective employees? • Why it is so important to not only have a strong internal culture, but to make it public to customers and the community? • What are common mistakes that people make during interviews and after that make prospective employees disappear? chris@technicianfind.com The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| How to Sell Real Estate and Avoid Taxes (1031 Exchange) [E035] | 13 Oct 2022 | 00:29:17 | |
How to Sell Real Estate and Avoid Taxes (1031 Exchange). This week Hunt talks about a way that you can avoid all taxes when selling a property. • How much tax do I generally pay when I sell a piece of real estate? • How can I utilize a 1031 exchange to reinvest proceeds into a new property? • What are things that you need to be aware of in order to qualify to do an exchange? • What are some creative strategies on how these exchanges can be used to pass down property without taxes to the next generation? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Adjusting Parts Matrix for Inflation [E034] | 06 Oct 2022 | 00:23:23 | |
Adjusting Parts Matrix for Inflation. This week Hunt talks about what why you might need to and how to adjust your parts matrix for inflation. • How is it possible for me to sell the same part for more money, but actually profit less? • How to analyze if you have an issue with declining parts margins. • What is going on in your parts matrix to cause declining profits? • How do you adjust your parts matrix to ensure that you are making more money. The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| ERTC Update (Employee Retention Tax Credit) [E033] | 29 Sep 2022 | 00:34:49 | |
ERTC Update (Employee Retention Tax Credit). This week Hunt follows up the ERTC, what to look for and how to understand if you qualify or not. • What are the ways that you can qualify for the ERTC and how to figure out if you do? • Is it true that you can qualify for this credit even if you don't have a decrease in sales? • What criteria do you have to satisfy to qualify for this credit without the required decrease in sales? • Is this something that you should do for your business and what are the risks of claiming this credit? • IRS Link: https://bit.ly/3Sm1TpW The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Rent or Buy: Can I Afford to be my Own Landlord? [E126] | 11 Jul 2024 | 00:27:02 | |
Thanks to our partners, NAPA TRACS and Promotive In this episode of Business by the Numbers, Hunt explores the benefits and considerations of owning your auto shop's real estate. Learn about financing options, affordability, and real-life examples to help you make an informed decision. -Understand different financing options for purchasing real estate. -Assess your shop's ability to afford property ownership. -Learn the long-term benefits of owning your business premises. -Real-life examples to illustrate key points. Thanks to our partners, NAPA TRACS and Promotive Did you know that NAPA TRACS has onsite training plus six days a week support? It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice. Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com. Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book: Download Here | |||
| Breaking Down Sales Targets [E032] | 22 Sep 2022 | 00:32:33 | |
Breaking Down Sales Targets. This week Hunt follows up on last week's episode surrounding sales goals and dives into how to break them down.
The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| What is My Break-Even Point? [E031] | 15 Sep 2022 | 00:26:16 | |
What is My Break Even Point? This week Hunt talks about break-even points and how it is important to understand this aspect of your business. • What is a break-even point and how do I calculate mine? • What are the major drivers of increasing or decreasing your break-even point? • How to set proper goals to meet your break-even point? • How do I calculate my business to not break-even, but actually grow and provide a steady profit? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Driving Profits Through Labor [E030] | 08 Sep 2022 | 00:58:46 | |
Driving Profits Through Labor. This week Hunt is joined by Jaron Kleber from Repair Shop of Tomorrow to discuss the importance of labor profitability. • Is your posted labor rate set appropriately to make your desired labor gross profit? • Do you know what your technicians cost you per hour? • Do you know what your effective labor rate is? • Are you utilizing a labor matrix? Jaron's Email: jaron_kleber@repairshopoftomorrow.com Webinar Recording Link: https://attendee.gotowebinar.com/recording/2884779187636798982 The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Am I Going to Be Audited? [E029] | 01 Sep 2022 | 00:27:25 | |
Am I Going to Be Audited? This week Hunt discusses if the rumors of 87,000 new IRS agents and if there is any truth to these claims and other causes of audits. • What is the IRS doing with all the new agents that they are hiring? • What increases your risks in getting audited and how can you minimize those? • What are other common types of audits and what should you do if you are ever audited? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Numbers Don’t Lie, They Also Don’t Tell the Truth [THA 290] - Remarkable Results Radio Podcast | 25 Aug 2022 | 01:00:42 | |
The gang’s all here; we have the entire Aftermarket Radio Network together for an important episode inspired by the movie Moneyball. We all have experience with people who are not our top performers, but are we better to have them on the team than not? You know them; they are consistent, reliable, steady, and contributors. Are they worth replacing? Will they become the best or top performers, or do they help strengthen our overall performance? A great discussion among your peers.
Watch the Episode on YouTube Hunt Demarest, CPA, Paar Mellis and Associates, Business by the Numbers Podcast Matt Fanslow, Riverside Automotive, Red Wing, MN, Diagnosing the Aftermarket A to Z Podcast Kim and Brian Walker, Shop Marketing Pros, Auto Repair Marketing Podcast Chris Cotton, AutoFix Auto Shop Coaching, Chris Cotton Weekly Blitz Podcast Key Talking Points
Connect with the Podcast Check out today's partners: Shop-Ware: More Time. More Profit. Shop-Ware Shop Management getshopware.com Delphi Technologies: Keeping current on the latest vehicle systems and how to repair them is a must for today’s technicians. DelphiAftermarket.comhttps://aftermarketradionetwork.com https://remarkableresultsradio.captivate.fm/listen | |||
| Are Techs Employees or Contractors? [E028] | 25 Aug 2022 | 00:26:09 | |
Are Techs Employees or Contractors? This week Hunt discusses if there is a way that we can or should treat our techs as contractors.
The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| How Much is Your Shop Worth? [E027] | 18 Aug 2022 | 00:40:05 | |
How Much is My Shop Worth? This week Hunt discusses how to figure out what your shop is worth or what a prospective shop is really worth. • What method is used to value shops and what is included in that price? • What is EBITDA and what adjustments need to be made to figure out my true net income? • What are some things that you can do to drive the value of your shop and what are things that don't increase value? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Shady Service Advisor [E026] | 11 Aug 2022 | 00:34:17 | |
Shady Service Advisor This week Hunt discusses an issue he came across with one of his shops and service advisors manipulating RO's to inflate gross profit. • How was this service advisor able to do this? • What are some tips for being able to stop this from happening in your shop? • What are signs or metrics that could show that this is going on in a shop? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Technican Pay, Tools and Taxes with Hunt Demarest [E043] - Diagnosing the Aftermarket A to Z | 10 Aug 2022 | 00:52:39 | |
Technician Pay, Tools, and Taxes with Hunt Demarest
Listen To Business By the Numbers Podcast with Hunt Demarest HERE. Hunt's Company Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com The show is sponsored by NAPA Auto Care napaautocare.comNAPA Benefits Center: napabenefitscenter.com NAPA Member Site: member.napaautocare.com Email Matt: mattfanslowpodcast@gmail.comDiagnosing the Aftermarket A - Z YouTube Channel HERE | |||
| Inflation Reduction Act - What We Know Now [E025] | 04 Aug 2022 | 00:28:48 | |
Inflation Reduction Act - What We Know Now This week Hunt discusses what we currently know about the act currently going through congress.
The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Profit vs. Cash Flow: Common Issues & Solutions [E125] | 04 Jul 2024 | 00:33:13 | |
Thanks to our partners, NAPA TRACS and Promotive In this episode, Hunt explores the crucial difference between profit and cash flow. Learn why your high profits don't always translate into more cash in the bank and how to better manage your shop's finances.
Thanks to our partners, NAPA TRACS and Promotive Did you know that NAPA TRACS has onsite training plus six days a week support? It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice. Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com. Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book: Download Here | |||
| Interest Rates [E024] | 28 Jul 2022 | 00:30:39 | |
Interest Rates This week Hunt discusses interest rates and how it is affecting your business, and personal life, and what you need to do to try and work with them. Talking Points:
The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Inflation - What You Need to Know [E023] | 21 Jul 2022 | 00:50:02 | |
This week, Hunt discusses inflation, how it affects your business and personal life, and what you need to do to try and work with it. • What is inflation, and how is it calculated? • What is causing the high inflation that we are seeing today? • What can you be doing right now to offset inflation and still be a profitable business? • What does the near future look like because of this inflation and the economy in general? | |||
| Tax Planning [E022] | 14 Jul 2022 | 00:39:12 | |
Tax Planning This week Hunt discusses the importance of tax planning and some tips to save you money. • When should I start tax planning and how often should you update this? • Do I have to make estimated tax payments? • What are the best ways to save taxes? • What are some common mistakes or bad ideas when trying to minimize taxes? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Handling Big Purchases [E021] | 07 Jul 2022 | 00:30:02 | |
Handling Big Purchases This week Hunt discusses the different ways to finance large purposes and how that changes the tax treatment? • Should I buy or lease my equipment and does that affect my taxes? • How are different kinds of leases taxed? • What kind of car will get me the most tax savings? • What kind of improvements to my real estate am I allowed to write the entire amount off? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Entity Choices - Taxation and Legal Protection [E020] | 30 Jun 2022 | 00:33:41 | |
Entity Choices - Taxation and Legal Protection • What is the difference between a Corporation, LLC and Sole Proprietor? • What are my options for taxation for a LLC? • How should I setup my real estate entity and why is it important to have that in a LLC? • How should I setup my loaner car LLC... or should I? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Value Pricing with Rob Nixon [E019] | 23 Jun 2022 | 00:33:49 | |
Value Pricing with Rob Nixon. This week Hunt sits down with Rob Nixon, the premiere coach and consultant for accounting firms. We got into a number of topics that are relevant for any kind of business owner. Some of the same things that he teaches accounting firms is the kind of philosophies that I talk with my shops as well. I think that his knowledge and expertise is always right on point and common sense ideas that everyone needs to hear. The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Cryptocurrency [E018] | 16 Jun 2022 | 00:22:36 | |
Cryptocurrency This week Hunt discusses the different ways that crypto is taxed and what to be aware of if you are buying and selling or accepting crypto as payment. • How does buying and selling crypto get taxed? • Are my losses deductible? • What happens when you trade one coin for another or if you are mining them yourself? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| S-Corp Owners Distributions and Pay [E017] | 09 Jun 2022 | 00:23:02 | |
S-Corp Owners Distributions and Pay. This week Hunt discusses the differences between S-Corp wages and draws and how to maximize to your advantage. • What are S-Corp Wages and how much should I pay myself? • How much in draws should I take? • What are the tax benefits of changing the way that you pay yourself? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Pass Through Entity Tax (PTET) - What You Need to Know [E016] | 02 Jun 2022 | 00:21:09 | |
Pass Through Entity Tax (PTET) - What You Need to Know This week Hunt discusses the pass-through entity tax that has become more common and was a big issue during this year's tax season. • What is Pass-Through Entity Tax? • Who is eligible to pay this? • Why would someone elect to use the pass-through entity tax and what are the tax savings? • How do I set up the Pass-Through The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here Entity Tax? | |||
| EIDL - Economic Injury Disaster Loan - An Update [E015] | 26 May 2022 | 00:26:18 | |
EIDL - Economic Injury Disaster Loan - An Update Hunt discusses the end of the EIDL Program and what shops should know about it as of today. • What is the EIDL Loan Program and what are the terms? • What I am allowed to use this for? • What am I not allowed to use this for? Are they any way around these rules? • Should I pay mine back or should I hang onto it? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Avoid These Money Mistakes! [RR 967] - Remarkable Results Radio Podcast | 28 Jun 2024 | 00:37:56 | |
Thanks to our Partners, AAPEX, NAPA TRACS, and Automotive Management Network
'Business by the Numbers' Podcast host Hunt Demarest discusses common financial mistakes, emphasizing the importance of building long-term wealth through prudent financial management and investment. The conversation covers managing personal and business expenses, the impact of government programs, and the necessity of maintaining financial reserves.
Hunt Demarest, CPA, Paar Melis and Associates, Hunt's previous episodes HERE
Business by the Numbers Podcast
Show Notes
Thanks to our Partners, AAPEX, NAPA TRACS, and Automotive Management Network Set your sights on Las Vegas in 2024. Mark your calendar now … November 5th-7th, 2024. AAPEX - Now more than ever. And don’t miss the next free AAPEX webinar. Register now at http://AAPEXSHOW.COM/WEBINAR NAPA TRACS will move your shop into the SMS fast lane with onsite training and six days a week of support and local representation. Find NAPA TRACS on the Web at http://napatracs.com/ Get ready to grow your business with the Automotive Management Network: Find on the Web at http://AftermarketManagementNetwork.com for information that can help you move your business ahead and for the free and informative http://LaborRateTracker.com Connect with the Podcast: -Follow on Facebook: https://www.facebook.com/RemarkableResultsRadioPodcast/ -Join Our Private Facebook Community: https://www.facebook.com/groups/1734687266778976 -Subscribe on YouTube: https://www.youtube.com/carmcapriotto -Follow on LinkedIn: https://www.linkedin.com/in/carmcapriotto/ -Follow on Instagram: https://www.instagram.com/remarkableresultsradiopodcast/ -Follow on Twitter: https://twitter.com/RResultsBiz -Visit the Website: https://remarkableresults.biz/ -Join our Insider List: https://remarkableresults.biz/insider -All books mentioned on our podcasts: https://remarkableresults.biz/books -Our Classroom page for personal or team learning: https://remarkableresults.biz/classroom -Buy Me a Coffee: https://www.buymeacoffee.com/carm -The Aftermarket Radio Network: https://aftermarketradionetwork.com -Special episode collections: https://remarkableresults.biz/collections https://www.aapexshow.com/attendee/ https://napatracs.com/ https://www.automotivemanagementnetwork.com/ https://www.brakesforbreasts.com/ https://aftermarketradionetwork.com https://remarkableresultsradiopodcast.captivate.fm/listen | |||
| Selling Your Shop to a Key Employee [E014] | 19 May 2022 | 00:30:39 | |
Selling Your Shop to Key Employee. This week Hunt discusses some of the options that are out there for selling your shop to a key employee and how to retain them until you are ready to sell. • Why is selling a minority share in your business a bad idea? • What selling to an internal party in your business can be a win for both the buyer and the seller? • How to structure a plan to transition to this new owner while he remains an employee? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Going Multi-Location Part 3 - Structure the Deal [E013] | 12 May 2022 | 00:34:28 | |
Going Multi-Location! Part 3 of the crash course on going multi-location, Hunt discusses how to take this deal home, finance and set up the purchase price. • What are the options for financing the deal and what is the most common? • How should I set up this new location? A new entity or existing? • How do I allocate the purchase price so that it gets you the most tax benefit? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Going Multi-Location Part 2 - Evaluation [E012] | 05 May 2022 | 00:52:44 | |
Going Multi-Location Part 2 - Evaluation In part 2 of the crash course on going multi-location, Hunt discusses getting into the details of a shop and coming up with a fair price • What kind of reports should I be asking from the seller? • What should you be looking at on the financials, the good the bad, and other things that can give more insight into the business. • How to I come up with a fair price for the business based on the net income of the shop and add-backs? • How do I start the process of negotiating a possible deal? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Going Multi-Location - Part 1 [E011] | 28 Apr 2022 | 00:28:44 | |
Going Multi-Location - Part 1of the crash course on going multi-location. Hunt discusses some of the basics of starting the process of going multi-location. • What should I be doing in my shop now? • How do I find prospective shops for sale? • What kinds of things should I be looking for in the shop and asking of the seller? • Should you start one fresh or should you buy an existing shop? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Employee Retention and R & D Tax Credit [E010] | 21 Apr 2022 | 00:33:17 | |
Employee Retention Tax Credit (ERTC) and R&D Credit. This week Hunt discusses some tax credits that are being pushed to business owners recently. • What is the ERTC and do I qualify for it? • How do I know if I qualify and are there different things to look at with this credit? • What is the R&D Tax Credit? • What kinds of things do I need to be doing in order to qualify for this credit? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care Repair Shop of Tomorrow at repairshopoftomorrow.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Retirement Options and Tax Advantages - Hunt Demarest [E009] | 14 Apr 2022 | 00:29:38 | |
Retirement Options and Tax Advantages This week Hunt discusses some of the options that are out there for retirement and how they can be the best tax deduction for you. • What kind of retirement options are out there, business and personal. • How do I fund these retirement accounts and what kind of tax savings will this give me? • What retirement account is right for me and my business? • What are the maximum amounts that I can fund and what are my options if I have exhausted all the classical options in retirement? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care at https://www.napaonline.com/en/auto-care Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Tax Tips and Common Questions [E008] | 07 Apr 2022 | 00:40:22 | |
Tax Tips and Common Questions. This week Hunt discusses some of the most common questions and issues that come up during tax season. •What is an extension and why do you file one? Is it the right move or are you costing yourself money? • What is Section 179 Expense? When should you use it and what can qualify for accelerated depreciation? • What are tax brackets and how is different kinds of income taxed? • How do your distributions get taxed from your business and do your distributions even effect your taxes? The Show is sponsored by: Shop-Ware on the web at getshopware.com NAPA Auto Care at https://www.napaonline.com/en/auto-care Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Profitability & Key Metrics with Patrick McHugh of Bimmer Rescue [E007] | 31 Mar 2022 | 00:53:25 | |
Profitability & Key Metrics with Patrick McHugh of Bimmer Rescue. This week Hunt sits down with Patrick to discuss his philosophy on driving profits and how he keeps his business moving in the right direction. • What metrics should you be using to guide your day to day business • Why it is important to track KPI and trends regularly versus finding out after the fact that you missed the mark. • How to set up a business that not only drives profits but sets a strong foundation in team culture, community involvement, and positivity. The Show is sponsored by Shop-Ware on the web at getshopware.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Managing Fraud [E006] | 24 Mar 2022 | 00:34:48 | |
Managing Fraud - Hunt Demarest - Business by the Numbers 006 This week Hunt discusses common areas of fraud, why it happens and what we can do to stop it. Key talking points: • What is fraud and how common is it in small businesses • What are signs of fraud and how can we spot clues that could warn you before fraud happens. • What can you be doing in your shop right now to minimize your risk of fraud. The Show is sponsored by Shop-Ware on the web at getshopware.com Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book : Download Here | |||
| Technician Training with Travis Troy [E005] | 17 Mar 2022 | 00:32:43 | |
Recorded at Vision KC 2022 Tech Training with Travis Troy. This week Hunt sits down with Travis Troy of Honest Wrenches in IA. We cover a lot of great topics including: • Why tech training is so important and why the cost of training and even shutting down your shop works in your favor. • What Travis has learned from starting a shop in a storage unit to creating 2 extremely successful shops. • Talk about the struggles that he has managing and running the shops and how he is constantly learning himself. test | |||
| Mailbox - Self Rentals, S-Corps and Sales Tax [E124] | 27 Jun 2024 | 00:36:11 | |
Thanks to our partners, NAPA TRACS and Promotive More listener questions answered! This week is all about S Corporation tax benefits, determining fair market rent when renting property to yourself, and the details of sales tax on internal transactions. Optimize your tax strategy and enhance your business operations. • Understanding the advantages and state-specific impacts of transitioning to an S Corporation. • The importance of charging fair market rent to avoid future complications when selling your business. • Clarifying the difference between sales tax and use tax for internal transactions and ensuring compliance. • Real-life examples and answers to common tax planning and business structuring questions from listeners. https://www.tn.gov/revenue/2024franchisetax.html Thanks to our partners, NAPA TRACS and Promotive Thanks to our partners, NAPA TRACS and Promotive Did you know that NAPA TRACS has onsite training plus six days a week support? It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice. Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com. Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book: Download Here Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online: www.paarmelis.com Email Hunt: podcast@paarmelis.com Get a copy of my Book: Download Here | |||
| Technician Productivity [E004] | 10 Mar 2022 | 00:19:54 | |
Tech Productivity. Hunt takes a dive into the numbers behind tech productivity and how it affects your bottom line. • What is tech productivity and why do I care? • How do I measure tech productivity for my shop? • How different are sales for a super productive technician compared to an unproductive technician? • What is the theoretical max sales of my shop based on my production staff? test | |||
| Advertising Expense Review [E003] | 03 Mar 2022 | 00:33:23 | |
Advertising Expense Review and Budget Hunt discusses how to analyze and alter your advertising budget to drive real results that you need. • How much money should your shop be spending on advertising? • Does the type of advertising needed dictate the budget? • How to figure out a break-even analysis for dollars spent on advertising. • Does my current advertising budget match up with my goals of shop performance. test | |||
| Common Issues with Financial Statements [E002] | 23 Feb 2022 | 00:41:59 | |
Common Financial Issues. Hunt discusses the common issues that he sees when starting to look at a shop's financials. • Why don’t you understand your financials? Maybe it’s because they don’t make sense to anyone! • Do your financials match your Shop Management System (SMS)? How do we fix it if they do not? • How to analyze Parts Margin discrepancies and fix them. • Eliminating variables from financial statements. test | |||