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PODCAST

Business By The Numbers

Hunt Demarest, CPA has consistently provided his financial business acumen to help move the industry toward greater heights of success and profitability. Hunt was recently referred to as a "terrific advocate of the aftermarket." He is the author of the book, Your Perfect Shop: How to Start, Run & Sell a Profitable Shop. In this book, he compiled some of the best practices for auto repair shop owners, whether they are just starting or have been in the business for years. Hunt"s podcast will provide

business management

All Episodes

58:46

Driving Profits Through Labor [E030]

Business By The Numbers ·

2022/09/08

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.comWebinar Recording

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27:25

Am I Going to Be Audited? [E029]

Business By The Numbers ·

2022/09/01

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.comNAPA Auto Care Repair Shop of Tomorrow at

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26:09

Are Techs Employees or Contractors? [E028]

Business By The Numbers ·

2022/08/25

Are Techs Employees or Contractors? This week Hunt discusses if there is a way that we can or should treat our techs as contractors.What is the difference between a contractor versus an employee and how does the IRS differentiate the two?Why would someone want to be a contractor, and how would that help our techs?What are some of the downsides of classifying our techs as contractors and the reasons why we do not see this much?The Show is sponsored by:Shop-Ware on the web at getshopware.comNAPA Auto

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40:05

How Much is Your Shop Worth? [E027]

Business By The Numbers ·

2022/08/18

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.comNAPA Auto Care Repair Shop

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34:17

Shady Service Advisor [E026]

Business By The Numbers ·

2022/08/11

Shady Service AdvisorThis 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.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt

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28:48

Inflation Reduction Act - What We Know Now [E025]

Business By The Numbers ·

2022/08/04

Inflation Reduction Act - What We Know Now This week Hunt discusses what we currently know about the act currently going through congress. What is the Inflation Reduction Act, and why is it called that?What is included in the bill as we know now?What are the changes to taxes, and are those going to affect me?What are the overall impacts of the bill, and what should I be doing now to prepare?The Show is sponsored by: Shop-Ware on the web at getshopware.comNAPA Auto Care Repair Shop of Tomorrow at

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30:39

Interest Rates [E024]

Business By The Numbers ·

2022/07/28

Interest RatesThis 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:Why are interest rates going up, and who is making these rates increase?What is the federal reserve, and how do these changes affect inflation?What can you be doing right now to offset interest rates and still be a profitable business?What does the near future look like because of this increase in interest rates and the

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50:02

Inflation - What You Need to Know [E023]

Business By The Numbers ·

2022/07/21

Inflation.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?

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39:12

Tax Planning [E022]

Business By The Numbers ·

2022/07/14

Tax PlanningThis 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.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt Demarest, CPAPaar Melis and

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30:02

Handling Big Purchases [E021]

Business By The Numbers ·

2022/07/07

Handling Big PurchasesThis 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.comNAPA Auto Care Repair Shop of Tomorrow at

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33:41

Entity Choices - Taxation and Legal Protection [E020]

Business By The Numbers ·

2022/06/30

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.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt Demarest, CPAPaar Melis and Associates – Accountants

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33:49

Value Pricing with Rob Nixon [E019]

Business By The Numbers ·

2022/06/23

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

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22:36

Cryptocurrency [E018]

Business By The Numbers ·

2022/06/16

CryptocurrencyThis 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.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt Demarest, CPAPaar Melis and

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23:02

S-Corp Owners Distributions and Pay [E017]

Business By The Numbers ·

2022/06/09

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.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt Demarest, CPAPaar Melis and Associates – Accountants

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21:09

Pass Through Entity Tax (PTET) - What You Need to...

Business By The Numbers ·

2022/06/02

Pass Through Entity Tax (PTET) - What You Need to KnowThis 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-ThroughThe Show is sponsored by: Shop-Ware on the web at getshopware.comNAPA Auto Care Repair Shop of Tomorrow at

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26:18

EIDL - Economic Injury Disaster Loan - An Update [E015]

Business By The Numbers ·

2022/05/26

EIDL - Economic Injury Disaster Loan - An UpdateHunt 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.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt

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30:39

Selling Your Shop to a Key Employee [E014]

Business By The Numbers ·

2022/05/19

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

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34:28

Going Multi-Location Part 3 - Structure the Deal [E013]

Business By The Numbers ·

2022/05/12

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.comNAPA Auto Care Repair Shop of Tomorrow at

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52:44

Going Multi-Location Part 2 - Evaluation [E012]

Business By The Numbers ·

2022/05/05

Going Multi-Location Part 2 - EvaluationIn 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

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28:44

Going Multi-Location - Part 1 [E011]

Business By The Numbers ·

2022/04/28

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.comNAPA Auto Care Repair Shop of Tomorrow at

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130 results

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