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Mike Thrift

Marketing Manager

3751 postsView all authors
How to Maximize Your Business Vehicle Tax Deductions in 2026
·mike

How to Maximize Your Business Vehicle Tax Deductions in 2026

A practical guide to claiming maximum IRS vehicle deductions in 2026, covering the standard mileage rate (72.5¢/mile), actual expense method, Section 179 expensing, bonus depreciation, and the record-keeping rules that protect you in an audit.

tax-deductions
small-business
self-employment
Medicare Tax: Complete Guide to Rates, Rules, and What You Owe in 2026
·mike

Medicare Tax: Complete Guide to Rates, Rules, and What You Owe in 2026

Medicare tax applies to all wages with no income cap; in 2026 the base rate is 2.9%, but high earners face an additional 0.9% surtax and up to 5% Net Investment Income Tax on passive income.

tax
self-employment-tax
self-employment
New York State Business Taxes: A Complete Guide for Small Business Owners
·mike

New York State Business Taxes: A Complete Guide for Small Business Owners

New York businesses may owe taxes to three entities simultaneously—state, city, and the MCTD. Covers corporation franchise tax rates, LLC filing fees, NYC GCT and UBT, MCTMT thresholds, quarterly estimated payment deadlines, and key credits for NY small business owners.

tax
small-business
tax-compliance
Online Bookkeeping Services: A Complete Comparison Guide for Small Businesses
·mike

Online Bookkeeping Services: A Complete Comparison Guide for Small Businesses

A side-by-side comparison of six online bookkeeping services—Pilot, Bookkeeper360, Merritt, CapForge, RemoteBooksOnline, and Maxim Liberty—covering pricing ranges from $75 to $499/month, accounting method, software platform, and five key questions to ask before signing up.

bookkeeping
small-business
accounting-software
The QBI Deduction Explained: How to Claim Your 20% Pass-Through Tax Break
·mike

The QBI Deduction Explained: How to Claim Your 20% Pass-Through Tax Break

Pass-through business owners can deduct up to 20% of qualified business income under Section 199A, but income thresholds, SSTB rules, and W-2 wage limits determine the actual amount—here's how to calculate and maximize it.

tax
tax-deductions
tax-planning
QuickBooks Live Bookkeeping Review: Is It Worth It for Your Small Business?
·mike

QuickBooks Live Bookkeeping Review: Is It Worth It for Your Small Business?

QuickBooks Live pairs small businesses with certified bookkeepers inside QuickBooks Online, starting at $59/month for assisted support or $300/month for full-service—but excludes tax prep, carries variable bookkeeper quality, and locks your financial data into Intuit's ecosystem.

quickbooks
bookkeeping
small-business
The R&D Tax Credit: A Complete Guide for Businesses in 2026
·mike

The R&D Tax Credit: A Complete Guide for Businesses in 2026

The R&D tax credit (IRC Section 41) cuts your federal tax bill dollar-for-dollar for qualifying research expenses—yet fewer than one in five eligible businesses claim it. This guide covers the four-part test, QRE categories, the Alternative Simplified Credit calculation, and 2026 changes including restored Section 174 expensing and a $500,000 payroll tax offset for startups.

tax
tax-planning
tax-deductions
Sage Accounting Software: A Complete Guide for Small Businesses
·mike

Sage Accounting Software: A Complete Guide for Small Businesses

Sage Business Cloud Accounting starts at $10/month with built-in inventory management and multi-currency support—here's how it stacks up against QuickBooks and Xero, who it's best for, and where it falls short.

accounting-software
small-business
bookkeeping
Schedule K-1 (Form 1120-S): A Complete Guide for S-Corporation Shareholders
·mike

Schedule K-1 (Form 1120-S): A Complete Guide for S-Corporation Shareholders

A practical guide to Schedule K-1 (Form 1120-S) — how S-corporation shareholders report pass-through income, track basis, claim the QBI deduction, and avoid common errors that trigger IRS audits.

tax
s-corp
tax-compliance
How to Manage Self-Employment Social Security Tax: A Complete Guide
·mike

How to Manage Self-Employment Social Security Tax: A Complete Guide

Self-employed individuals pay 15.3% in Social Security and Medicare taxes—double the employee rate. This guide covers how SE tax is calculated, legal strategies to reduce it (S corp election, retirement contributions, expense deductions), how deferral programs work, and what to do if you can't pay on time.

self-employment-tax
self-employment
tax-planning
Tax Write-Offs Without Receipts: What You Can Deduct and How to Prove It
·mike

Tax Write-Offs Without Receipts: What You Can Deduct and How to Prove It

The IRS doesn't require receipts for every deduction—learn which business expenses you can claim without traditional receipts, what substitute documentation is accepted, and how to reconstruct records if you're audited.

tax
tax-deductions
tax-preparation
What You Need to Open a Business Bank Account: A Complete Checklist
·mike

What You Need to Open a Business Bank Account: A Complete Checklist

A structured checklist of documents required to open a business bank account, organized by entity type—sole proprietorship, LLC, corporation, and partnership—with fee comparisons, opening deposit ranges, and the five mistakes that send applicants home empty-handed.

banking
small-business
business
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