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Mike Thrift

Marketing Manager

3751 postsView all authors
Cigar Lounge and Retail Tobacco Shop Bookkeeping: State Excise Tax, Humidor Inventory, and the Membership-Locker Revenue You Are Probably Booking Wrong
·mike

Cigar Lounge and Retail Tobacco Shop Bookkeeping: State Excise Tax, Humidor Inventory, and the Membership-Locker Revenue You Are Probably Booking Wrong

Premium cigar lounges pay OTP excise as a capped percentage of wholesale, carry humidor inventory at landed cost with FIFO or average costing, and must defer locker and membership fees as unearned revenue until each month is provided — separating all three keeps margins, taxes, and audits accurate.

small-business
bookkeeping
tax
Coworking Space Bookkeeping: Membership vs. Day-Pass Deferred Revenue, Proration, and the Add-Ons You Can't Forget to Reconcile
·mike

Coworking Space Bookkeeping: Membership vs. Day-Pass Deferred Revenue, Proration, and the Add-Ons You Can't Forget to Reconcile

Your coworking cash and earned revenue rarely match — learn how to book membership deferred revenue, prorate mid-month starts and upgrades, and reconcile meeting-room hours and print credits so every dollar is counted.

bookkeeping
coworking
deferred-revenue
A Fed Rate Hike Is Back on the Table: What Small Business Owners Should Do About Variable-Rate Loans and SBA Financing Before the Next FOMC Meeting
·mike

A Fed Rate Hike Is Back on the Table: What Small Business Owners Should Do About Variable-Rate Loans and SBA Financing Before the Next FOMC Meeting

A potential 2026 Fed hike would lift prime and SOFR within days, raising payments on variable-rate lines, cards, and SBA 7(a) loans. Learn which loans reprice first, how to stress-test at +50 bps, and what to lock before the next FOMC meeting.

small-business
loans
sba
Ghostwriting Agency Bookkeeping: Pricing Per-Word, Retainer, and Flat-Fee Work Without Losing Your Margin
·mike

Ghostwriting Agency Bookkeeping: Pricing Per-Word, Retainer, and Flat-Fee Work Without Losing Your Margin

How ghostwriting agencies account for the three pricing models — per-word, monthly retainer, and flat-fee book projects — including deferred-revenue entries for retainers, milestone versus cost-to-cost recognition on a $36,000 book, a 150-to-275-hour cost sheet for a 60,000-word business book, and the 1099-NEC and W-9 rules that keep contractor writers correctly classified.

creative-industries
freelance
revenue-recognition
Gig Economy Driver Tax Deductions 2026: The 72.5-Cent Mile, the $25K Tips Break, and 100% Bonus Depreciation
·mike

Gig Economy Driver Tax Deductions 2026: The 72.5-Cent Mile, the $25K Tips Break, and 100% Bonus Depreciation

For 2026, gig drivers deduct 72.5 cents per mile through June and 76 cents after, claim up to $25,000 in qualified tips as an above-the-line deduction, and expense vehicles at 100% bonus depreciation — if they log miles and tips contemporaneously and keep books on the right Schedule C lines.

rideshare
tax-deductions
self-employment-tax
The IRA Contribution Limit Hits $7,500 for 2026: Your Freelancer and Small-Business Owner's Guide to the First Big Increase in Years
·mike

The IRA Contribution Limit Hits $7,500 for 2026: Your Freelancer and Small-Business Owner's Guide to the First Big Increase in Years

The IRA contribution limit rises to $7,500 for 2026 — the first base increase since 2023 — plus a new $1,100 catch-up at 50+. Learn who qualifies, how it stacks with Solo 401(k) and SEP, and how freelancers can capture the extra room before April 15, 2027.

ira
retirement-savings
retirement-planning
New Jersey's New ABC Test Regulations Take Effect October 1, 2026: What Businesses Hiring Contractors Must Prove
·mike

New Jersey's New ABC Test Regulations Take Effect October 1, 2026: What Businesses Hiring Contractors Must Prove

New Jersey's ABC test regulations become operative October 1, 2026, clarifying that every worker is an employee unless you prove freedom from control, work outside your usual course or places of business, and an independently established trade — learn the three prongs, five common mistakes, and a pre-deadline audit checklist.

small-business
payroll
compliance
Parking Garage and Valet Bookkeeping: Reconciling Five Revenue Streams and the 30-Day Client Float
·mike

Parking Garage and Valet Bookkeeping: Reconciling Five Revenue Streams and the 30-Day Client Float

A parking operator's chart of accounts and close process — how to separate transient, monthly permit, corporate, valet, and event revenue, book monthly permits as deferred revenue, back parking tax out of tax-inclusive rates, and hold at least 1.5× one month's gross client collections before signing a management agreement with 30-day remittance terms.

bookkeeping
revenue-recognition
reconciliation
The New 1% Remittance Transfer Tax: What Small Businesses Paying Overseas Contractors Need to Know in 2026
·mike

The New 1% Remittance Transfer Tax: What Small Businesses Paying Overseas Contractors Need to Know in 2026

Since January 1, 2026, cash-funded remittance transfers sent abroad are subject to a 1% federal excise tax collected by providers and reported on Form 720. This guide explains what triggers the tax, which bank-funded transfers are exempt, and how small businesses should record the tax, fees, and contractor payments.

tax
tax-compliance
small-business
Vacation Rental Trust Accounting: The Three-Way Reconciliation and How to Untangle Batched Airbnb and Vrbo Payouts
·mike

Vacation Rental Trust Accounting: The Three-Way Reconciliation and How to Untangle Batched Airbnb and Vrbo Payouts

Vacation rental managers must prove every trust dollar with a monthly three-way reconciliation. Learn how to tie your bank statement to your books to each owner ledger and cleanly break down batched Airbnb and Vrbo payouts before you disburse.

property-management
trust-accounting
reconciliation
The Real Cost of AI Coding Subscriptions in 2026: How Freelance Developers Can Track, Compare, and Deduct Copilot, Cursor, and Claude Code
·mike

The Real Cost of AI Coding Subscriptions in 2026: How Freelance Developers Can Track, Compare, and Deduct Copilot, Cursor, and Claude Code

AI coding stacks now cost freelance developers $150–$600 a month across Copilot, Cursor, and Claude Code — and every dollar is deductible, but only the portion you can document. A practical guide to tracking per-vendor spend, splitting business from personal use, allocating tool cost by client, and trimming the bill without losing the leverage.

ai
freelance
self-employment
AI Overviews Are Cutting Google Clicks in Half: A Small Business Guide to Zero-Click Search in 2026
·mike

AI Overviews Are Cutting Google Clicks in Half: A Small Business Guide to Zero-Click Search in 2026

When an AI Overview appears, users click a traditional Google result just 8% of the time versus 15% without one (Pew panel data), and zero-click searches have climbed to 69% of queries. Here is how small businesses can measure their exposure, win the AI citations that convert at up to 4.4x organic traffic, and diversify discovery beyond the search box.

ai
seo
small-business
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