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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

45:14

Housing Market, Paying Off Your House and Sky High...

Business By The Numbers ·

2024/05/16

In this episode, Hunt tackles the pressing issues facing the housing market in 2024, discussing the impact of interest rates and the real affordability of homes.• Interest Rates Surge: Exploring how doubled interest rates are drastically affecting monthly payments.• Affordability Crisis: Delving into how rising home prices are outpacing income growth, making home ownership a distant dream for many.• Economic Insights: Analyzing the mismatch between the growth in home prices and stagnant wage

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41:57

How To Calculate Your Break Even Point [E117]

Business By The Numbers ·

2024/05/09

Join Hunt in this important discussion about financial planning for auto repair shop owners. This episode explores why breaking even isn't enough and how to set financial targets that ensure long-term business health and growth.• Understanding Break-even: Why merely covering costs can jeopardize business sustainability, and how to calculate real financial targets.• Strategic Planning Tips: Learn conservative financial planning techniques to safeguard your business against unexpected downturns.• Team

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47:21

Do the "Rich" Pay Their Fair Share of Taxes? [E114]

Business By The Numbers ·

2024/04/18

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 contributions.• The Progressive Tax System: A closer look at how the U.S. tax system scales with income and what that means for the top 1% of earners.• Real

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35:18

Mortgage Rates, Forecast, Self Employment with Pat...

Business By The Numbers ·

2024/02/22

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 buyers to seasoned investors. Whether you're contemplating a new home purchase or seeking strategies to navigate the mortgage market, this discussion sheds

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40:38

Help! I Can't Pay my Taxes! [E105]

Business By The Numbers ·

2024/02/15

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 Your Options with the IRS: Setting up a payment plan with the IRS is the most common recourse for those unable to pay taxes in full. Learn about the

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39:20

Selling Tires : Can you Afford Not To? With Mike Edge...

Business By The Numbers ·

2024/02/08

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 Sell Tires in Auto Repair Shops? Discover why even repair shops traditionally not focused on tire sales should consider offering tires to their customers

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29:40

What is Your Number? (How to Die with Zero) [E103]

Business By The Numbers ·

2024/02/01

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 of your labor.Rethinking Retirement Worries: We challenge the common fear of not having enough money in retirement. Using real-life examples, we show why

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30:06

Setting Goals for 2024 [E102]

Business By The Numbers ·

2024/01/25

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, setting stretch goals, and adapting strategies based on last year's outcomes.• Strategic Goal Setting: Understanding why and how to set deliberate goals,

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29:17

New Spending Deal, Taxes and ERTC [E101]

Business By The Numbers ·

2024/01/18

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 Businesses and Taxpayers: Important fiscal policies like the Child Tax Credit, Employee Retention Tax Credit, and R&D Credit, and how they affect U.S

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31:02

Charitable Contributions Explained [E100]

Business By The Numbers ·

2024/01/11

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 the specifics of GoFundMe contributions and the importance of fair market value in non-cash donations.• Business Donation Myths Debunked: Uncover common

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34:51

Writing Off Your Racecar [E099]

Business By The Numbers ·

2024/01/04

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: A deep dive into the cost-effectiveness and passion behind racing and its comparison to accounting.Debunking Tax Myths: Learn the truth about race car

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32:13

The Final Countdown - End of 2023 Updates [E098]

Business By The Numbers ·

2023/12/28

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 implications for interest rates in 2024.Inflation and Economic Trends: Analysis of current inflation trends and predictions for the coming year.ERTC and IRS

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28:20

End of Year: Allowances Vs. Reimbursements [E097]

Business By The Numbers ·

2023/12/21

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 employees and the cost-saving benefits for businesses.• Strategic Financial Management: Practical advice on offering vehicle-related and other expenses as

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20:21

New Book: Wrenches to Write-Offs [E096]

Business By The Numbers ·

2023/12/14

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.• Availability: Details on purchasing options, including Amazon's hard copy and Kindle versions, and a free PDF version on the official website.• Community Impact:

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33:38

Health Insurance [E095]

Business By The Numbers ·

2023/12/07

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 business setting.• Exploring Health Insurance Options for Small Businesses: Whether you're currently offering health insurance or considering it, Hunt discusses

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32:46

Recruiting the Right Way with Joelle Pollak from...

Business By The Numbers ·

2023/11/30

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 in attracting and retaining top talent.Promotive's Strategic Approach: Learn about Promotive’s unique strategies in talent retention and their collaboration

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36:38

Bad Numbers from Shop Management Software = Bad...

Business By The Numbers ·

2023/11/23

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 effect on your financials.• Real-Life Client Case: Learn from a client's experience with discrepancies in parts margin between shop management systems and

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32:48

True Cost of Paid Time Off [E092]

Business By The Numbers ·

2023/11/16

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) contribute to employee satisfaction and business growth.• Collaboration in a Hybrid Work Environment: Adapting to modern work models and the importance

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25:07

The End of Realtors? [E091]

Business By The Numbers ·

2023/11/09

Today, Hunt unpacks the groundbreaking verdict against the National Association of Realtors that's shaking up the real estate worldShow NotesVerdict 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: From $1.8 billion judgments to the potential restructuring of real estate giants.Market Evolution: The shift toward transparency and fairness in real estate

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29:18

Leases vs Loans - Does It Matter [E090]

Business By The Numbers ·

2023/11/02

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? What are the Structures, benefits, and pitfalls of leasing? He also talks about the allure of leasing luxury cars, like why cars like BMW are commonly

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130 results

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