Micah Fraim runs an accounting firm that focuses exclusively on online business, like Amazon FBA
He has also written the two best-selling tax books on Amazon, which have sold tens of thousands of copies.
His clients are typically six and seven-figure online businesses and have millions of YouTube and Facebook subscribers between them.
His advice has been featured in TIME, Forbes, Nasdaq, and quite a few other major publications.
Some questions Micah Fraim answered
How to deal with economic nexus/out of state sales taxTax obligations for overseas sellers selling into the USWhat are Trump's tariffs for importing from ChinaIf overseas sellers should set up a US entity and if so where?Managing inventory fluctuations for tax purposesCan we buy lots of inventory in December to get tax deductions for the next year?US LLC selling in the UK, what are benefits to setting up a UK Ltd from a VAT perspectiveCorrect corporate setup for tax purposesHow to minimize your tax bill in generalImportance of not lumping in advertising as a COGS for your internal reports/breaking it out from true inventory costsfavorite tools Size of your team
Social Media URLs (LinkedIn, FB, Instagram, Twitter…)
https://www.facebook.com/micah.fraim https://www.linkedin.com/pub/micah-fraim-cpa/1a/80a/a26 https://www.youtube.com/user/micahfraim/videos https://twitter.com/MFraim89 https://fraimoba.com
Tools Mentioned In The Podcast
Taxjar Xero accounting Quickbooks