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Mike Thrift

Marketing Manager

3751 postsView all authors
Double-Entry Accounting: The Complete Guide for Small Business Owners
·mike

Double-Entry Accounting: The Complete Guide for Small Business Owners

Learn how double-entry accounting works, why every transaction needs two entries, and how this 500-year-old system helps small businesses maintain accurate financial records. Includes practical examples, common mistakes, and tips for getting started.

accounting
bookkeeping
small-business
EBITDA: What It Is, How to Calculate It, and Why Your Business Needs It
·mike

EBITDA: What It Is, How to Calculate It, and Why Your Business Needs It

Learn what EBITDA is, how to calculate it with step-by-step examples, and why this key financial metric matters for business valuation, investor comparisons, and operational performance analysis.

accounting
small-business
financial-analysis
Estate Planning for Small Business Owners: Protect Your Legacy and Your Business
·mike

Estate Planning for Small Business Owners: Protect Your Legacy and Your Business

A complete guide to estate planning for small business owners. Covers trusts, buy-sell agreements, the 2026 estate tax exemption changes, tax-smart transfer strategies, succession planning, and a practical estate planning checklist.

small-business
estate-planning
tax-planning
How AI Is Transforming Small Business Accounting in 2026
·mike

How AI Is Transforming Small Business Accounting in 2026

The AI accounting market has hit $10.87 billion in 2026 and 68% of U.S. small businesses are already using AI. Learn how automated categorization, intelligent reconciliation, cash flow forecasting, and agentic AI are saving business owners 5+ hours a week — plus a practical 5-step roadmap to get started.

ai
accounting
small-business
How to Choose the Right CPA or Accountant for Your Small Business
·mike

How to Choose the Right CPA or Accountant for Your Small Business

Learn how to choose the right CPA, accountant, or bookkeeper for your small business. Compare credentials, costs ($150-$450/hr for CPAs), fee structures, and get interview questions to find the perfect financial professional.

small-business
accounting
cpa
How to Pay Yourself as a Small Business Owner: Salary vs. Owner's Draw
·mike

How to Pay Yourself as a Small Business Owner: Salary vs. Owner's Draw

Learn the difference between owner's draw and salary, which method to use based on your business structure, IRS rules for reasonable compensation, and tax optimization strategies to pay yourself the right way.

small-business
owner-compensation
salary-vs-draw
Inventory Accounting Methods: FIFO, LIFO, and Weighted Average Explained
·mike

Inventory Accounting Methods: FIFO, LIFO, and Weighted Average Explained

Learn the three main inventory accounting methods—FIFO, LIFO, and Weighted Average—with real examples, side-by-side comparisons, tax implications, and guidance on choosing the right method for your small business.

small-business
inventory
accounting
How to Manage Your Business Finances Through Seasonal Fluctuations
·mike

How to Manage Your Business Finances Through Seasonal Fluctuations

Up to 70% of businesses face seasonal revenue swings. Learn practical strategies for building cash reserves, diversifying revenue, negotiating payment terms, and creating a 12-month forecast to keep your business financially healthy year-round.

small-business
cash-flow
budgeting
Mid-Year Financial Checkup: A Complete Guide for Small Business Owners
·mike

Mid-Year Financial Checkup: A Complete Guide for Small Business Owners

A step-by-step mid-year financial checkup guide for small business owners. Learn how to review financial statements, compare budget vs. actual performance, assess cash reserves, optimize taxes, and plan for a stronger second half.

small-business
financial-planning
bookkeeping
Protecting Your Business Intellectual Property: A Complete Guide to Trademarks, Patents, and Copyrights
·mike

Protecting Your Business Intellectual Property: A Complete Guide to Trademarks, Patents, and Copyrights

Your intangible assets may be worth more than all your physical equipment combined. Learn how to protect your business with trademarks, patents, copyrights, and trade secrets—including 2025-2026 USPTO filing costs, step-by-step strategies, and the 10 most common IP mistakes to avoid.

small-business
legal
risk-management
Small Business Retirement Plans: 401(k) vs. SEP IRA vs. SIMPLE IRA
·mike

Small Business Retirement Plans: 401(k) vs. SEP IRA vs. SIMPLE IRA

Compare the three most popular small business retirement plans—401(k), SEP IRA, and SIMPLE IRA—with 2026 contribution limits, pros and cons, and a decision framework to find the best fit for your business.

small-business
retirement-plans
401k
Understanding Loan Amortization: How to Calculate and Track Your Business Loan Payments
·mike

Understanding Loan Amortization: How to Calculate and Track Your Business Loan Payments

Learn how loan amortization works, how to calculate your monthly payments, read an amortization schedule, and choose the right loan structure for your small business. Includes current 2026 rates and practical examples.

small-business
loan-amortization
business-loans
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