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Mike Thrift

Marketing Manager

3751 postsView all authors
Business Meal and Entertainment Expense Deductions: What You Can (and Can't) Write Off in 2026
·mike

Business Meal and Entertainment Expense Deductions: What You Can (and Can't) Write Off in 2026

Understand the new tax rules for business meal and entertainment expense deductions in 2026. Learn what you can deduct and how to avoid costly mistakes that could lead to an IRS audit.

tax
financial-management
small-business
Business Succession Planning: A Complete Guide for Small Business Owners
·mike

Business Succession Planning: A Complete Guide for Small Business Owners

Learn the importance of succession planning for small business owners and how to create a roadmap that safeguards your legacy and financial future amidst unexpected life changes.

small-business
financial-planning
business
Cost Segregation Studies: How to Accelerate Depreciation and Save Thousands on Taxes
·mike

Cost Segregation Studies: How to Accelerate Depreciation and Save Thousands on Taxes

Learn how cost segregation studies can help property owners accelerate depreciation and significantly reduce their tax bills, leveraging recent legislative changes for maximum benefit.

tax
financial-planning
real-estate
How to Prepare for a Crypto Tax Audit: A Complete Guide to IRS Compliance
·mike

How to Prepare for a Crypto Tax Audit: A Complete Guide to IRS Compliance

Prepare for a crypto tax audit with essential insights on IRS compliance. Learn how the IRS treats cryptocurrency and what you need to do to stay compliant and protect your investments.

tax
cryptocurrency
crypto-tax-compliance
Equity Compensation for Small Businesses: Stock Options, ESOPs, and Profit-Sharing Plans Explained
·mike

Equity Compensation for Small Businesses: Stock Options, ESOPs, and Profit-Sharing Plans Explained

Learn how equity compensation can help small businesses attract and retain top talent. This guide covers stock options, ESOPs, profit-sharing plans, and their tax implications to help you choose the right structure for your business.

small-business
entrepreneurship
financial-management
Fixed Asset Management: How to Track, Depreciate, and Optimize Your Business Assets
·mike

Fixed Asset Management: How to Track, Depreciate, and Optimize Your Business Assets

Learn how to effectively track, depreciate, and optimize your business assets to prevent losses and make informed financial decisions. This guide provides essential insights for small businesses on managing fixed assets.

accounting
financial-management
small-business
How to Create a Small Business Budget: A Step-by-Step Guide
·mike

How to Create a Small Business Budget: A Step-by-Step Guide

Creating a budget is essential for small businesses to avoid cash flow problems and ensure financial stability. This step-by-step guide outlines the process of developing a budget that serves as a financial roadmap for your business.

small-business
budgeting
financial-management
How to Read and Understand Financial Statements: A Small Business Owner's Guide
·mike

How to Read and Understand Financial Statements: A Small Business Owner's Guide

Understanding financial statements is crucial for small business owners. This guide simplifies the three core financial statements, highlights key metrics to monitor, and identifies warning signs of financial trouble.

financial-management
small-business
accounting
How to Respond to IRS Notices: A Complete Guide for Small Business Owners
·mike

How to Respond to IRS Notices: A Complete Guide for Small Business Owners

Learn how to effectively respond to IRS notices as a small business owner. This comprehensive guide covers common notices, response strategies, and tips to protect your business from penalties.

tax
small-business
financial-management
Inventory Management and Accounting for Small Businesses: A Practical Guide
·mike

Inventory Management and Accounting for Small Businesses: A Practical Guide

Effective inventory management is crucial for small businesses, impacting revenue and operational efficiency. This guide covers essential inventory accounting practices, valuation methods, and common pitfalls to help you optimize your inventory strategy.

accounting
small-business
inventory
Lease Accounting for Small Businesses: A Practical Guide to ASC 842
·mike

Lease Accounting for Small Businesses: A Practical Guide to ASC 842

Understand the essentials of lease accounting under ASC 842 for small businesses, including how to classify leases and strategies for compliance, ensuring your financial decisions are informed and audit-ready.

accounting
small-business
financial-management
How Modern Finance Teams Are Replacing Spreadsheet Chaos with Code-Based Workflows
·mike

How Modern Finance Teams Are Replacing Spreadsheet Chaos with Code-Based Workflows

Finance teams are transforming their operations by moving away from traditional spreadsheets to code-based workflows, enhancing data accuracy and freeing up time for strategic analysis.

financial-management
automation
accounting-software
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