Sheds light on major strategies, tactics, and common questions that arise from shop owners surrounding taxes
Mount Airy, Md.—Hunt Demarest, CPA/ABV of Paar Melis and Associates has released a book to assist shop owners in navigating tax season, the preparation and execution. This was in combination with partnering with “Aftermarket Radio Network” to produce and release a podcast, Business by the Numbers, with episodes on the same topics. The book can be downloaded for free at: https://info.paarmelis.com/wrenches-to-write-offs
“The motivation behind writing this book was to shed light on major strategies, tactics, and common questions that arise from shop owners surrounding taxes,” said Hunt, Wrenches to Write Off’s. “These topics have all been previously featured on my podcast, ‘Business by the Numbers,’ and have been repurposed to serve as a guide to help you navigate the ever-evolving world of taxes. While not all the strategies may be applicable to you now, having this knowledge background may offer you more clarity and potential cost savings down the road.”
As an accounting and tax firm specializing in automotive repair shops, Paar Melis and Associates strives to educate shop owners to make smart financial decisions that can lead them to greater success for owners and their shops. In Hunt’s book, he offers 11 short and digestible chapters featuring some of these topics:
1: Effective Tax Planning
2: Navigating Tax Season
3: Entity Choices
4: Owner’s Distributions
5: Can I Expense That? Should I?
6: Not All Deductions Are Equal
7: Handling Big Purchases
8: The 1031 Exchange
9: EV and Solar Tax Credits
10: The Single Best Tax Deduction
11: Deciphering Tax Deadlines
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