Business By The Numbers

Housing Market, Paying Off Your House and Sky High Interest Rates [E118]

16 May 2024

Contributed by Lukas

In this episode, Hunt tackles the pressing issues facing the housing market in 2024, discussing the impact of interest rates and the real affordabilit...

How To Calculate Your Break Even Point [E117]

09 May 2024

Contributed by Lukas

Join Hunt in this important discussion about financial planning for auto repair shop owners. This episode explores why breaking even isn't enough and ...

Interest Rates and Market Update [E116]

02 May 2024

Contributed by Lukas

On this Episode of Business by the Numbers, Hunt reflects on his time at the STX conference in Nashville, sharing stories about the connections made a...

Is There Going to be a Wealth Tax? [E115]

25 Apr 2024

Contributed by Lukas

Hunt unpacks his recent experiences and learnings from the Virginia Automotive Association Conference in Hot Springs, Virginia. Joined by Jamie from S...

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

18 Apr 2024

Contributed by Lukas

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...

Will I Qualify for that Loan? Will the Buyer of My Business? [E113]

11 Apr 2024

Contributed by Lukas

In this week’s episode, Hunt gets into the financial intricacies faced by auto repair shop owners, from refinancing debts and selling shops to secur...

Making a Profit Without Marking Up Parts? [E112]

04 Apr 2024

Contributed by Lukas

In the latest episode of "Business by the Numbers," Hunt tackles an intriguing question for auto repair shops: Can success be achieved without marking...

Mailbox: Listener Questions Answered [E111]

28 Mar 2024

Contributed by Lukas

In the latest episode of Business by the Numbers, Hunt Demarest, CPA at Paar Mellis & Associates, tackles your top questions on taxes, accounting,...

Rising Costs - Raising Prices [E110]

21 Mar 2024

Contributed by Lukas

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 vendo...

What If?! [E109]

14 Mar 2024

Contributed by Lukas

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...

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

07 Mar 2024

Contributed by Lukas

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...

The True Cost of Inaction [E107]

29 Feb 2024

Contributed by Lukas

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 tal...

Mortgage Rates, Forecast, Self Employment with Pat McCormick [E106]

22 Feb 2024

Contributed by Lukas

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 com...

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

15 Feb 2024

Contributed by Lukas

As tax season 2024 unfolds, many entrepreneurs find themselves grappling with previous years' unpaid taxes, alongside the looming obligations for the ...

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

08 Feb 2024

Contributed by Lukas

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. T...

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

01 Feb 2024

Contributed by Lukas

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 abo...

Setting Goals for 2024 [E102]

25 Jan 2024

Contributed by Lukas

In this episode of "Business by the Numbers," Hunt talks about the essential process of setting and achieving business goals for 2024. Drawing from hi...

New Spending Deal, Taxes and ERTC [E101]

18 Jan 2024

Contributed by Lukas

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 ...

Charitable Contributions Explained [E100]

11 Jan 2024

Contributed by Lukas

This week on Business by the Numbers, Hunt explores the complexities of charitable contributions in tax season:• Understanding Charitable Contributi...

Writing Off Your Racecar [E099]

04 Jan 2024

Contributed by Lukas

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 t...

The Final Countdown - End of 2023 Updates [E098]

28 Dec 2023

Contributed by Lukas

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....

End of Year: Allowances Vs. Reimbursements [E097]

21 Dec 2023

Contributed by Lukas

In this week’s episode of Business by the Numbers, Hunt explores strategies for providing employee benefits in a tax-efficient manner. He navigates ...

New Book: Wrenches to Write-Offs [E096]

14 Dec 2023

Contributed by Lukas

In this week’s episode, Hunt introduces his new book, "Wrenches to Write Offs," offering essential tax tips for repair shop owners. This book combin...

Health Insurance [E095]

07 Dec 2023

Contributed by Lukas

In this episode of "Business by the Numbers," Hunt explores the critical topic of health insurance for small businesses. Listeners will gain valuable ...

Recruiting the Right Way with Joelle Pollak from Promotive [E094]

30 Nov 2023

Contributed by Lukas

This week, Hunt sits down for an insightful Chat with Joelle Pollak to talk about how Promotive is tackling staffing shortages in the automotive after...

Bad Numbers from Shop Management Software = Bad Financials [E093]

23 Nov 2023

Contributed by Lukas

Hunt explores the crucial differences between shop management software and QuickBooks, focusing on the impact on parts margin. This episode is a must-...

True Cost of Paid Time Off [E092]

16 Nov 2023

Contributed by Lukas

Today on Business by the Numbers, Hunt explores key strategies for enhancing business success through effective team management and development, as we...

The End of Realtors? [E091]

09 Nov 2023

Contributed by Lukas

Today, Hunt unpacks the groundbreaking verdict against the National Association of Realtors that's shaking up the real estate worldShow NotesVerdict B...

Leases vs Loans - Does It Matter [E090]

02 Nov 2023

Contributed by Lukas

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...

Is My Business Worthless? [E089]

26 Oct 2023

Contributed by Lukas

This week on Business by the Numbers, Hunt gets into business valuation: from tangible assets to the nuances of reputation and team value, all underli...

Solar Renewable Energy Credits [E088]

19 Oct 2023

Contributed by Lukas

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 th...

EV's - Electric Vehicles Credits Explained [E087]

12 Oct 2023

Contributed by Lukas

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 hybri...

Government Shutdown Averted...For Now [E086]

05 Oct 2023

Contributed by Lukas

Today on Business by the Numbers, Hunt talks about potential government shutdowns. He discusses why we're here, including the Ukraine funding and the ...

Are You Insured? [E085]

28 Sep 2023

Contributed by Lukas

This week in "Business by the Numbers," Hunt explores the vital role of insurance in safeguarding businesses against unexpected challenges. Through re...

The End of ERTC? (Employee Retention Tax Credit) [E084]

21 Sep 2023

Contributed by Lukas

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...

Estimated Taxes and Tax Forecasting [E083]

14 Sep 2023

Contributed by Lukas

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 ti...

Separating Profit Centers in Financials [E082]

07 Sep 2023

Contributed by Lukas

This week on Business by the Numbers, Hunt discusses the challenges in a multi-service auto repair business, focusing on misconceptions about profitab...

Benchmark Report: Top vs. Not Shops [E081]

31 Aug 2023

Contributed by Lukas

The comprehensive Automotive Industry Benchmark Report is now live! Want the full details? Dive in at www.paarmelis.com.• Decoding Top Shops: How di...

Industry Benchmark Report: Initial Thoughts [E080]

24 Aug 2023

Contributed by Lukas

Do you recall episode 49, about the Automotive Industry Benchmark Report? Well, its release is fast approaching! Today, Hunt goes deeper into the orig...

ROTH Retirement Accounts [E079]

17 Aug 2023

Contributed by Lukas

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? • ...

Credit Card Processing Fees [E078]

10 Aug 2023

Contributed by Lukas

In this episode of Business By the Numbers, Hunt discusses the topic of credit card processing fees and their impact on business. • Should businesse...

Buying Your Boss's Shop with Matt Fanslow [E077]

03 Aug 2023

Contributed by Lukas

In this week's episode of Business by the Numbers, Hunt sits down with the knowledgeable Matt Fanslow (“Diagnosing The Aftermarket A-Z” Podcast) t...

Are You Advertising Efficiently or Inefficiently? [E076]

27 Jul 2023

Contributed by Lukas

Last episode, I talked about factors that play into calculating customer acquisition cost for your business. This week, I'll explore how you can figur...

Customer Acquisition Cost [E075]

20 Jul 2023

Contributed by Lukas

Hunt delves into the critical topic of calculating customer acquisition cost and understanding its intricacies. • Defining the A+ Customer: How the ...

Predatory Lending [E074]

13 Jul 2023

Contributed by Lukas

In this week's episode, Hunt delves into the disturbing world of predatory lending, where borrowers are manipulated and taken advantage of by unscrupu...

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

06 Jul 2023

Contributed by Lukas

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 trans...

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

29 Jun 2023

Contributed by Lukas

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 factor...

Interest Rates vs. Business Expansion [E071]

22 Jun 2023

Contributed by Lukas

This week Hunt discusses the influence of rising interest rates on shop owners' business expansion decisions.• The recent decision by the FED regard...

Are S-Corp Distributions/Draws Taxable? [E070]

15 Jun 2023

Contributed by Lukas

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 ca...

Memorial Day and a Reflection on Your Numbers [E068]

01 Jun 2023

Contributed by Lukas

This week Hunt discusses how sometimes reflecting on the past financials isn't always fun but its always necessary.• What is the purpose of financia...

Memorial Day and a Reflection on Your Numbers [E068]

01 Jun 2023

Contributed by Lukas

This week Hunt discusses how sometimes reflecting on the past financials isn't always fun but its always necessary.• What is the purpose of financia...

Pricing [E067]

25 May 2023

Contributed by Lukas

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 g...

Opportunity Cost [E066]

18 May 2023

Contributed by Lukas

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 t...

Talking Loaner Cars with Laura Tierney from ShopLoaner [E065]

11 May 2023

Contributed by Lukas

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

May Market Update [E064]

04 May 2023

Contributed by Lukas

This week Hunt talks about the recent Fed meeting, the impacts, and other factors affecting the current market.• How much impact is the recent Fed r...

Where Did all the Cash Go? [E063]

27 Apr 2023

Contributed by Lukas

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

Can I Expense That? Should I? [E062]

20 Apr 2023

Contributed by Lukas

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

Denny's Auto - 4 day work week [E061]

13 Apr 2023

Contributed by Lukas

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

Planning and Saving for Taxes [E060]

06 Apr 2023

Contributed by Lukas

This week Hunt discusses the pitfalls of falling behind on taxes and ways to save to avoid them.• If I am an S-corp, can I pay my personal taxes fro...

Not All Deductions Are Equal [E059]

30 Mar 2023

Contributed by Lukas

This week Hunt discusses the differences in taxation of common expenses that you might not be aware of. • What kind of meals am I allowed to deduct ...

Paying Down Debt [E058]

23 Mar 2023

Contributed by Lukas

This week Hunt discusses the basics behind debt and how to pay your debt down in a safe manor.• What factors go into evaluating whether debt is a go...

Silicon Valley Bank [E057]

16 Mar 2023

Contributed by Lukas

This week Hunt discusses the current banking crisis and the collapse of Silicon Valley Bank.• What happened to Silicon Valley Bank, and are there ot...

Cash is King - Cash Management Accounts [E056]

09 Mar 2023

Contributed by Lukas

This week Hunt discusses common mistakes and tips to better manage and protect your #cash. • How to understand if your personal spending requirement...

Debt Ceiling and Taxes [E055]

02 Mar 2023

Contributed by Lukas

Thanks to our sponsor partner NAPA TRACSNAPATRACS.comThis week Hunt talks about the debt ceiling as well as the national debt and how it is already af...

Economics and Statistics with Hunt Demarest [E072] - Diagnosing the Aftermarket A to Z

01 Mar 2023

Contributed by Lukas

Lack of Study of basic economics and statistics Reversion to the Mean Simpson's Paradox Inflation and Projecting Future TrendsHunt Demarest, CPA,&...

Tax Season Updates [E054]

23 Feb 2023

Contributed by Lukas

This week Hunt talks about some tax season tips and common concerns that have been popping up with clients.• Are there any major tax law changes fro...

Shop Comparison: Fact or Fiction? [E053]

16 Feb 2023

Contributed by Lukas

This week Hunt talks about the pitfalls of comparing your shop to other shops with misleading numbers.• How can you compare advertising budgets or m...

Raising Your Kids to be Financially Responsible with Nick Warren [E052]

09 Feb 2023

Contributed by Lukas

This week Hunt sits down with Nick Warren, from Ark Financial, to discuss how to raise children that are financially responsible.• At what age can y...

Profit Sharing: Net Income or Gross Profit? [E051]

02 Feb 2023

Contributed by Lukas

This week Hunt talks about incentivizing key employees with profit sharing and how to hold them accountable for the overall company and its profits.&n...

ROI - Return on Investment [E050]

26 Jan 2023

Contributed by Lukas

This week, Hunt talks about ROI (return on investment) and how to use it in your day-to-day decisions.• What is ROI, and how can you calculate ...

Profit Does Not Equal Cash in the Bank – Hunt Demarest [RR 817] - Remarkable Results Radio Podcast

24 Jan 2023

Contributed by Lukas

Recorded Live at the Transformers Summit with Aftermarket Radio Network host, Hunt Demarest, CPA at Paar Mellis and Associates and host of the Busines...

Hunt Demarest: Income Statements, Profits, Losses, Oh MY! [E096] - Chris Cotton Weekly Blitz

23 Jan 2023

Contributed by Lukas

In this episode of The Weekly Blitz, Coach Chris Cotton welcomes Hunt Demarest to the show and they talk about Income Statement best practices:Specifi...

Benchmark Report [E049]

19 Jan 2023

Contributed by Lukas

This week, Hunt talks about a big project that we are working for an industry benchmark report.• What can you do be a part of the new report an...

Getting Ready for Tax Season [E048]

12 Jan 2023

Contributed by Lukas

This week, Hunt talks about a quick update from the December Federal Reserve meeting and then talks about getting ready for tax season.• What d...

2023 Forecast and Business Outlook [E047]

05 Jan 2023

Contributed by Lukas

This week, Hunt talks about what he thinks 2023 will look like for small businesses and the overall economy.• What is happening with inflation,...

Setting Goals and Planning for 2023 [E046]

29 Dec 2022

Contributed by Lukas

This week, Hunt talks about the year that was 2022, what you still have time to do now and how to look toward the future.• What do you want to...

Accounting for Internal and Warranty Work [E045]

22 Dec 2022

Contributed by Lukas

Accounting for Internal and Warranty Work. This week, Hunt talks about the ins and outs of accounting for your non-paid or warranty work.• What...

Talking Numbers with Frank Scandura [E044]

15 Dec 2022

Contributed by Lukas

This week, Hunt talks with Frank Scandura of Frank's European Service in Las Vegas. • What number do you focus on in your business lately and w...

How Much is Your Time Worth [E043]

08 Dec 2022

Contributed by Lukas

How Much is Your Time Worth? This week, Hunt talks about how profit is relative to the amount of time you spend working in your business.•  ...

Seller Beware [THA 304] - Remarkable Results Radio Podcast

01 Dec 2022

Contributed by Lukas

Matt Fanslow shares a recent interaction with a salesperson that wanted to help in the sale of the business. There were some warning signs, and with a...

End of Year Tax Tips [E042]

01 Dec 2022

Contributed by Lukas

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...

Self Rental Tips & Tricks [E041]

24 Nov 2022

Contributed by Lukas

Self Rental Tips & Tricks. This week, Hunt talks about how to make sure you are limiting your liability and maximizing the benefits of renting rea...

Bank Loans 101 [E040]

17 Nov 2022

Contributed by Lukas

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. What items...

The Federal Reserve Explained [E039]

10 Nov 2022

Contributed by Lukas

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 p...

Tech Pay Plans [E038]

03 Nov 2022

Contributed by Lukas

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 bann...

Personal Finance and Investing with Andy Bizub [E037]

27 Oct 2022

Contributed by Lukas

Personal Finance and Investing with Andy Bizub. This week Hunt is joined by Andy Bizub of Midwest Performance Cars to talk everything personal finance...

How to Find Your Next Technician with Chris Lawson [E036]

20 Oct 2022

Contributed by Lukas

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 fin...

How to Sell Real Estate and Avoid Taxes (1031 Exchange) [E035]

13 Oct 2022

Contributed by Lukas

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. • Ho...

Adjusting Parts Matrix for Inflation [E034]

06 Oct 2022

Contributed by Lukas

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...

ERTC Update (Employee Retention Tax Credit) [E033]

29 Sep 2022

Contributed by Lukas

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. • Wha...

Breaking Down Sales Targets [E032]

22 Sep 2022

Contributed by Lukas

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. How do I...

What is My Break-Even Point? [E031]

15 Sep 2022

Contributed by Lukas

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...

Driving Profits Through Labor [E030]

08 Sep 2022

Contributed by Lukas

Driving Profits Through Labor. This week Hunt is joined by Jaron Kleber from Repair Shop of Tomorrow to discuss the importance of labor profitability....

Am I Going to Be Audited? [E029]

01 Sep 2022

Contributed by Lukas

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 o...

Numbers Don’t Lie, They Also Don’t Tell the Truth [THA 290] - Remarkable Results Radio Podcast

25 Aug 2022

Contributed by Lukas

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 exp...

Are Techs Employees or Contractors? [E028]

25 Aug 2022

Contributed by Lukas

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 differ...

How Much is Your Shop Worth? [E027]

18 Aug 2022

Contributed by Lukas

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 met...

Shady Service Advisor [E026]

11 Aug 2022

Contributed by Lukas

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 pr...

Technican Pay, Tools and Taxes with Hunt Demarest [E043] - Diagnosing the Aftermarket A to Z

10 Aug 2022

Contributed by Lukas

Technician Pay, Tools, and Taxes with Hunt DemarestTechnicians want to know how their personal taxes and tools purchased for work are managed on your ...

Inflation Reduction Act - What We Know Now [E025]

04 Aug 2022

Contributed by Lukas

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...