Tax & Business Insights

“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 […]

I am far from an investment expert – and I’ve never tried to be one. I’ve always contended that a financial advisor has a very different skillset than an accountant – and that those who try to be both are rarely good at either. But an image that came across my LinkedIn feed last week […]

“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 […]

“He was a tycoon, then a cheapskate Went out looking for a keepsake To tuck into his suitcase on Viceroy’s Row He had a satchel full of cash And dishes full of ashes He went from boom to bust In the blinking of a lash” – “Viceroy’s Row”, Elvis Costello & The Roots For the […]

A few weeks ago I wrote an article about the importance of charging appropriately for the services you render. The article focused on the common phenomenon of “what have you done for me lately?” and the corresponding need to charge properly (since a client’s favor can sometimes be so fleeting). But there is actually an […]

Years ago when I was first starting my business I picked up a client who’d had a series of terrible accountants. How terrible? The first accountant had made some material errors that cost him over $100,000 in tax penalties. The accountant after that seemed better…at least until I looked into prior tax returns. I discovered […]

Before we get started I just wanted to thank everyone for their support! Micah Fraim, CPA won Platinum in the Roanoker’s “Best of” awards – beating out every other CPA firm in town. This is especially encouraging because my firm is small by design and some of the other firms in town have 30 employees […]

Are you a freelancer or other self-employed worker? We’ve compiled this infographic with 20 numbers, facts, and tips every self-employed American needs to know. Share This Image On Your Website: <a href="https://fraimcpa.com/freelancer-tax-guide-2016/"><img src="https://fraimcpa.com/wp-content/uploads/2016/03/Freelancer-Tax-Guide.jpg" alt="Freelancer Tax Guide" /></a><br />Source: <a href="https://fraimcpa.com/freelancer-tax-guide-2016/">Micah Fraim, CPA</a>

I have always tried to be a good referral partner. Whenever people bring up that they are looking for someone in a particular field, I almost always have someone I am able to send them to that will do an excellent job for them. But I recently realized that I have been falling short in […]

“ I know you think you understand what you thought I said but I’m not sure you realize that what you heard is not what I meant” – Alan Greenspan I remember being in a meeting a few years ago when the railroad unveiled their new marketing campaign. When everyone saw the commercial along with […]

“Money is an opportunity for happiness, but it is an opportunity that people routinely squander because the things they think will make them happy often don’t”– EW Dunn Graduating from college is one of the most significant life achievements in many people’s lives. Especially in the life of a young person – it very likely […]

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 […]

With the year already coming to a close, people are likely reflecting on what has happened this year or what they want to happen in the coming year. Whether the past year has been one of disappointment or accomplishment – the calendar resetting to 1/1 makes a lot of us take stock of where we […]

“An extraordinary claim requires extraordinary proof.” – Marcello Truzzi Everyone who is involved in Multi-level Marketing (MLM) will espouse the wealth and wonders it can bring to your life…but somehow those results are not readily visible to the rest of the world as far as the person who is pitching the idea to you. These people […]