Business Finance

“Debt can be a very good thing. The calculations are pretty simple. Some people just seem to think I’m lying to them with math.” –  Me (Micah Fraim) –  just now People hate debt. It is almost universally viewed as negative – and in many cases with good reason. Certain kinds of debt (high interest […]

2017 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. Take a careful look as quite a few deadlines have changed this year! January 17th: due date to pay 4th quarter estimated taxes. January 31st: Due date to send […]

“I’ve gone into hundreds of [fortune-teller’s parlors], and have been told thousands of things, but nobody ever told me I was a policewoman getting ready to arrest her.” – NYC detective Small business owners are some of my favorite people. I talk with them every day and they can be truly inspiring. Most of them […]

2016 and all of its tax deadlines are upon us! Here’s a quick guide of the most important dates to keep in mind this calendar year: January 15th: due date to pay 4th quarter estimated taxes. February 1st: due date to send out 1099s and W-2s to recipients. February 15th: healthcare open enrollment for 2016 closes. […]

Over the past month I have been featured on a number of different publications. I wanted to archive the links to them here for any readers of the blog: MSN Money asked me and some other tax experts about tax breaks for specific professions Fit Small Business featured my advice on the caveats when putting […]

Over the past month I have been featured on a number of different publications. I wanted to archive the links to them here for any readers of the blog: MyCorporation asked me and other experts our best banking tips for small businesses Avalara featured on my advice on how to use customer testimonials to boost sales CEO […]

I have long espoused the importance of outsourcing your payroll to a professional. For reference, here is an article from last year talking about how expensive payroll mistakes can be. These mistakes are very easy to make and can cost up to 25% of the original tax bill! During the past couple of months I […]

A few months ago I published The Little Big Small Business Book – a book of advice based on my years advising clients. I am excited to announce that The Little Big Small Business Book is now the #1 best selling book on Amazon in its category – getting as high as #28 among all Business & Money ebooks! So many business books […]

For the past several years I’ve been writing business and tax advice on this blog. I’m very pleased to announce that I have compiled these and other valuable pieces of small business advice into a book! The Little Big Small Business Book is now available for download for a limited time FOR FREE on Amazon. […]

Q: If an accountant’s wife can’t get to sleep, what does she say?   A: “Tell me about work today, dear.” Welcome to Round 2 of Micah’s Accounting 101. A few weeks ago I wrote an article on inventory timing and the effect that can have on your tax bill each year. (Absolutely fascinating stuff, […]

“I try not to kid myself. You know, I don’t mind romancing someone else, but to fool yourself is pretty devastating and dangerous.”  –  Bill Veeck Hermann Göring was by any measure a horrible human being. During the Second World War he was the second in command of the Nazi Party, the architect of much […]

When we think about the idea of a bonus, there is almost invariably a positive connotation to it. Bonus bucks, bonus bites, and if you’re really fortunate a bonus from your employer. They’re a prize – and all for no additional cost. Yippee! Some companies have even made a science of creating the illusion of […]