by Micah Fraim, CPA | Oct 31, 2019 | Business, Business Finance, Business Taxes
“Facts are stubborn things, but statistics are pliable.” ― Mark Twain I’m a big proponent of tracking key metrics in your business. (For those unfamiliar with the term, a metric is simply a quantifiable measure that businesses use to track, monitor and assess the...
by Micah Fraim, CPA | Oct 23, 2019 | Business
Nearly seven years ago I started “Micah Fraim, CPA” on a bit of a whim. As I’ve noted to many of you along the way, I started with $2,000 in the bank, no clients, and next to no contacts. I spent half of that money on the laptop and software I needed and hoped for the...
by Micah Fraim, CPA | Oct 2, 2019 | Business, General Business
“I can live with doubt and uncertainty and not knowing. I think it is much more interesting to live not knowing than to have answers that might be wrong.” – Richard P. Feynman Hardly anyone is fully content with their current situation – least of all entrepreneurs. If...
by Micah Fraim, CPA | Aug 20, 2019 | Business Finance, Finance, Personal Finance
“They used to tell me I was building a dream With peace and glory ahead Why should I be standing in line Just waiting for bread? Once I built a railroad, I made it run Made it race against time Once I built a railroad, now it’s done Brother, can you spare a...
by Micah Fraim, CPA | Jul 9, 2019 | Business, General Business, Marketing
A few years ago, I did a string of articles talking about the importance of charging appropriately. They talked about how customer loyalty can sometimes be fleeting, how low prices can diminish perceived value and the volume of customers you get, and how low prices...
by Micah Fraim, CPA | Jun 7, 2019 | Business, Business Taxes, Cash Flow, Taxes
Bookkeeping is the bane of most business owners’ existence. But ignoring our books or putting them on the back burner can be one of the costliest mistakes we ever make. A few years back, SCORE conducted a poll asking entrepreneurs what was the worst part of...
by Micah Fraim, CPA | May 15, 2019 | Business, General Business, Marketing
One of my favorite things in music is when one artist samples another artist’s work. (“Sampling” means taking a portion of an existing song and using that as an element of a new song.) Musicians in all genres do this, but you seem to see it the most in R&B and...
by Micah Fraim, CPA | Apr 11, 2019 | Cash Flow, General Business, Taxes
“I can do that myself. I don’t need to hire someone else to do it.” How often have you heard the above statement? Someone is capable of doing a task themselves, so they don’t want the “unnecessary” expense of hiring someone else to do it for them. And in some...
by Micah Fraim, CPA | Mar 8, 2019 | Taxes
“I don’t care about money. I’m focused on other people” “My business is about helping others, not profit” “My company has a mission to do good. I’m not worried about the bottom line” There’s nothing wrong with being altruistic. Helping others is one of the single most...
by Micah Fraim, CPA | Feb 25, 2019 | Taxes
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: Individual tax guide infographic Embed this on your website:
by Micah Fraim, CPA | Feb 6, 2019 | Taxes
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: Embed this on your website:
by Micah Fraim, CPA | Feb 6, 2019 | Taxes
20 numbers, facts, and tips every self-employed American needs to know for filing their taxes in 2019: Embed this on your website:
by Micah Fraim, CPA | Jan 23, 2019 | Taxes
“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...
by Micah Fraim, CPA | Dec 26, 2018 | Business, Business Taxes, Personal Taxes, Taxes
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...
by Micah Fraim, CPA | Oct 4, 2018 | Business Finance, Finance, Personal Finance
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...
by Micah Fraim, CPA | Aug 24, 2018 | Business, Business Finance, Business Taxes, Cash Flow, Finance, General Business, Taxes
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...
by Micah Fraim, CPA | Apr 27, 2018 | Business, General Business
Why I Fire Clients “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...
by Micah Fraim, CPA | Mar 5, 2018 | Business, Business Finance, Business Taxes
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:
