Business Finance
Business finance & business tax related topics by Roanoke accounting firm Fraim, Cawley & Company. Let us help your business prepare for this tax season. Learn more »
Pet & Animal Tax Write-Offs
Pet & Animal Tax Write-Offs “Animals are reliable, many full of love, true in their affections, predictable in their actions, grateful and loyal. Difficult standards for people to live up to.” ― Alfred A. Montapert Like many people, I absolutely love...
Hidden Costs of Payroll
Hidden Costs of Payroll 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%...
Bestselling Business Ebook!
Bestselling Business Ebook! 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...
My FREE Small Business Success Ebook
My FREE Small Business Success Ebook “” 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!...
Accrual Basis vs. Cash Basis Accounting
Accrual Basis vs. Cash Basis Accounting Q: If an accountant’s wife can’t get to sleep, what does she say? A: “Tell me about work today, dear.” Welcome to Round 2 of Micah’s Accounting 101. A few weeks ago I wrote an article on inventory timing and...Inventory Timing and How It Can Affect Your Taxes
Inventory Timing and How It Can Affect Your Taxes “An accountant is someone who solves a problem you didn’t know you had in a way you don’t understand.” OK, that old line, as with many jokes, contains a certain amount of truth. You’re a business owner and you’re...Me, Myself, and I: The Self-Employed Perspective
“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...
The Danger of an S-Corp Bonus
The Danger of an S-Corp Bonus 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....Deadlines: Working for the (Tax) Man
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...Do Not “Go to Sleep” This Winter
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.”...
Roanoke Tax Services
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...Payroll: More Complex Than Meets the Eye
Payroll: More Complex Than Meets the Eye 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...Deadline Approaching – Extended Corporate Returns
Deadline Approaching – Extended Corporate Returns 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...Business Efficiency – How to Avoid Troublesome “Kelp”
Business Efficiency – How to Avoid Troublesome “Kelp” “” “Sometimes I have a difficulty talking to people who don’t race sailboats.” – Bruno Gianelli That was one of my favorite lines from The West Wing, a show where the dialogue...IMPORTANT DEADLINE APPROACHING – Corporate Tax Returns
IMPORTANT DEADLINE APPROACHING – Corporate Tax Returns “Deadlines and commitments Every morning and in the evening, They can suck you in, Boy, don’t I know it. This offer will be standing, All you gotta to do is call, Don’t be afraid to knock on the door”....Fish or Cut Bait – the IRS S-Corp Election Deadline
Fish or Cut Bait – the IRS S-Corp Election Deadline “How can I go forward when I Don’t know Which way I’m facing? How can I go forward when I Don’t know which way to turn? How can I go forward into Something I’m not sure of? Oh no, oh...Confess? The Voluntary Classification Settlement Program
“Confess Confess, confess Why don’t you confess? Say yes, say yes I wish you’d reveal to me” – “Confess” – Doris Day and Buddy Clark In my last article I discussed some of the criteria that should be used to determine whether a worker is an independent...
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