Tax & Business Insights

The tax plan passed last year is the most comprehensive tax reform in three decades. Here’s a helpful guide with what you need to know for filing your taxes this spring:

The business tax plan passed last year is the most comprehensive tax reform in three decades. As a business owner, here’s a helpful guide with what you need to know for filing in 2019:

20 numbers, facts, and tips every self-employed American needs to know for filing their taxes in 2019:

“You should be stronger than me You’ve been here seven years longer than me Don’t you know you supposed to be the man? Not pale in comparison to who you think I am You should be stronger than me But instead you’re longer than frozen turkey Why’d you always put me in control? All I […]

2019 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. January 15th: due date to pay 4th quarter estimated taxes. January 31st: Due date to send out 1099s and W-2s to recipients. Due date to file 1099s/1096s with amounts […]

A few years ago, I wrote an article on gold and the fallacy of so-called “safe” investments. One of the major points in that article was that (over the long-term) “low risk” investments can be very expensive because of opportunity cost. Compounding interest is powerful, and the change of a few percentage points of return […]

Every year, I have (nearly) countless conversations with clients about how they can reduce their tax bills. And, obviously, that is a big part of the expertise we provide and the service for which they pay us. When we meet, at least half of the conversation centers around legal tax maneuvers they can make to reduce their […]

“Hit the road Jack and don’t you come back no more, no more, no more, no more Hit the road Jack and don’t you come back no more.” – Ray Charles   I fire clients. Not with great frequency, and not on a whim. But I do fire them – and more often than you […]

The recently passed business tax plan is the most comprehensive tax reform passed in three decades. As a business owner, here’s what you need to know:

“I’d like to pick your brain. Let me take you out for a beer” – many generally well-meaning individuals A few articles ago I talked about how everyone loves to give advice – irrespective of whether they have any idea what they are talking about or not. Most people love to pontificate to anyone who […]

20 numbers, facts, and tips every self-employed American needs to know:

“We don’t know what it was but we had it We don’t where it went but we lost it And it may never come back again but I sure wish it would We don’t know what it was but it sure was good” – George Jones and Tammy Wynette – “It Sure Was Good” A lot […]

Analysis of the Tax Cuts and Jobs Act (Trump/GOP Tax Plan) Congress recently passed the most comprehensive tax reform in three decades. And suddenly, I’m a popular guy. People who would normally cross to the other side of the street when seeing a CPA approaching them, or who would avoid me at parties – fearing […]

2018 Tax Calendar 2018 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 and mark them on your own calendars: January 15th: due date to pay 4th quarter estimated taxes. January 31st: Due date […]

“Gloom, despair, and agony on me Deep, dark depression, excessive misery If it weren’t for bad luck, I’d have no luck at all Gloom, despair, and agony on me” – From the TV Show “Hee-Haw” In the last article we talked about how viewing our gifts and abilities as inordinately spectacular can be damaging. We […]

“‘Normal’ is the cruelest of all insults” ― Mike Snelle That quote embodies the perspective that most of us have. No one wants to be typical. No one wants to be a simple cog in the machine. No one wants to be a faceless blob indistinguishable from the masses. All of us want to be unique. […]

“Everyone loves a witch hunt as long as it’s someone else’s witch being hunted.” ― Walter Kirn Every single one of us is guilty of some kind of hypocrisy. Try as we might to avoid double standards, we will all have some. After all, we’re only human. But the double standards that fascinate me are the […]

“Advice is a peculiar commodity. Those who have the capacity to give good advice generally have too much sense to waste their time trying to get rid of it.” – William H. McMaster In our last article we talked about the epidemic of “Rent-A-Friend”-style business/career coaches – those people who give nothing but vague and generic […]

Leslie: “No Ann, please. I beg of you. Will you just shut your beautiful pie-hole? Just sit there, let me stare at you while you silently support me on this game plan.” Ann: “Leslie…” Leslie: “Shh, Ann! Your quiet support means the world to me, as well as your tacit endorsement of all my behaviors.” […]

“To love his maker, for he was SELF-MADE! Self-made, self-trained, self-willed, self-satisfied, He was himself, his daily boast and pride.” – “Two Millions” by William Allen Butler Last year I went to a conference at which most of the speakers were fairly big time authors, coaches, and online marketers. In practice, those speakers are people […]

“I have tried to lift France out of the mud. But she will return to her errors and vomitings. I cannot prevent the French from being French.” – Charles de Gaulle Most of the people who walk into my office work. And work very hard. They put in long hours, come up with innovative solutions, […]

“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 […]

“Take this job and shove it I ain’t working here no more My woman done left and took all the reasons I was working for You better not try to stand in my way ‘Cause I’m walkin’ out the door Take this job and shove it I ain’t working here no more” – “Take This […]

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 […]