Tax & Business Insights

“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 […]

“I call it push and pester, or grab and clutch…a guy who has less athletic ability can still block someone. There are some big people that are athletic that are good… But there are guys that aren’t athletic that … are playing.” – Pat Morris, agent for over 100 professional hockey players. In business, when […]

I recently wrote an article for Accounting Today discussing how firms can attract and retain Millennials as clients (this group is also known as Generation Y – and refers to those in the 18-to-34 age group). While geared towards accountants, the advice in the article holds true for most industries and businesses. For years the majority […]

I’m excited to announce that for the second year in a row Micah Fraim, CPA has placed as one of The Roanoker’s Best of CPA Firms! We were the only one-man shop to place among CPA practices (with the other winners having between 5 and 30 employees). That kind of grassroots support for a firm this size […]

Read on for information about tax deadlines and how extensions work. But first let me note that I am offering a special free service to assist those who need a little more time to get their tax returns done.  I will file your tax extensions for you at no cost. And I will do it electronically […]

Excited to announce that for the second year running Micah Fraim, CPA has been awarded the Angie’s List Super Service Award! This is given to less than 5% of the companies on Angie’s List and is based on the ratings and testimonials of Angie’s List subscribers. When I started the company several years ago it […]

“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 […]

Deadlines: Working for the (Tax) Man “Hey now you better listen to me – every one of you We got a lotta lotta lotta lotta work to do Forget about your woman and that water can Today we’re working for the man Well pick up your feet We’ve got a deadline to meet I’m gonna […]

Paying Off Mortgage Quickly? Not So Fast! “Debt is the slavery of the free.” – Publilius Syrus I used that same quote last year for an article on excessive corporate debt – highlighting how burdensome and crippling excessive debt can become to a business. I did note in the same article that debt can have […]

Do Not “Go to Sleep” This Winter “I wonder if the snow loves the trees and fields, that it kisses them so gently? And then it covers them up snug, you know, with a white quilt; and perhaps it says “Go to sleep, darlings, till the summer comes again.” – Lewis Carroll With winter fast […]

Take The Stress Out Of Tax Time By Turning To Certified Public Accountant Micah Fraim Whether you are in need of basic tax preparation, complex tax preparation, or tax planning to ensure you are prepared for all of your tax obligations—I am here to assist you! While taxes may be a source of stress for […]

Payroll is kind of the red-headed stepchild of accounting. And that’s really saying something because everyone hates accounting! Even on the payroll section of my own website I talk about how I don’t much care for it. It’s boring, tedious, and seems deceptively simple. In reality, it is very easy to make mistakes and those […]

Every single year there are updates in the tax law. In 2013 the IRS Tax Code was 73,954 pages long and had almost 1,000 forms! Tax code complexity and changes are nothing new and both are big reasons that I think having a qualified CPA is always important. And this is particularly the case with […]

This is just a reminder to everyone of two important deadlines on September 15th: All extended corporate returns are due 3rd quarter estimated tax payments are due As I mentioned in a previous article, the penalty for late filing of corporate returns is steep. While you have to act quickly, there is still plenty of time […]

This weekend – August 1-3, 2014 – is a Virginia sales tax “holiday” for a long list of “back to school” type items. This applies whether a person is in school or not. The official bulletin states that“items need not be intended for use in school or in connection with a school activity to be eligible for […]