Tax & Business Insights

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 […]

“I named all my children after flowers. There’s Lillie and Rose and my son, Artificial.” –  Bert Williams The results are in! A few weeks ago I sent out an email challenging everyone to come up with names for my new puppy – with a preference to business related names. I received over 150 suggestions […]

Have some fun, help me out, win some loot! Help me name this little cutie! I have always wanted an office dog. And now I have one. Well, she’s not in the office yet. She’s not quite ready for that. Or better stated, the office (and my clients) are not quite ready for her! We […]

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 […]

“Smiling faces, smiling faces sometimes They don’t tell the truth Smiling faces, smiling faces Tell lies and I got proof… I’m telling you beware, beware of the handshake That hides the snake… Don’t let the handshake and the smile fool you Take my advice I’m only try’ to school you” – The Temptations “Smiling Faces […]

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 […]

I am very excited to have written an article for the July 2015 issue of Valley Business FRONT! The article deals on how firms can best work with younger clients. You can check out by following this link: http://www.vbfront.com/VBFront_July15/VBFront_July15.pdf My advice was also excerpted in a piece on WiseBread regarding money moves CPAs say that you […]

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. […]

“Everything is negotiable. Whether or not the negotiation is easy is another thing.” – Carrie Fisher I normally don’t write product reviews, but this one excited me. Most of us know that we can speak to some service providers to negotiate a lower rate. You try to cancel satellite radio and they offer you a […]