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Mike Thrift

Marketing Manager

3751 postsView all authors
AMD Q2 2026 Earnings: Data-Center Sales Double to $6.7 Billion as $11.5 Billion Revenue Makes AMD an AI Challenger
·mike

AMD Q2 2026 Earnings: Data-Center Sales Double to $6.7 Billion as $11.5 Billion Revenue Makes AMD an AI Challenger

AMD Q2 2026: $11.5B revenue (+50% YoY) as data-center sales more than double to $6.7B, gross margin 54%, operating leverage returns — tracked via public Beancount ledger.

financial-reporting
financial-analysis
beancount
When Your Subsidy Check Follows Attendance, Not Enrollment: A Daycare Owner's Guide to the 2026 CCDF Flexibility Rule
·mike

When Your Subsidy Check Follows Attendance, Not Enrollment: A Daycare Owner's Guide to the 2026 CCDF Flexibility Rule

HHS's May 12, 2026 final rule restoring CCDF flexibility rescinded four 2024 mandates — the 7% co-payment cap, grants-or-contracts set-aside, prospective payment, and enrollment-based billing — effective July 13, 2026. Learn what attendance-based reimbursement means for daycare cash flow, how the 85% and five-day absence thresholds work, and which bookkeeping habits keep subsidy revenue predictable.

childcare
compliance
bookkeeping
Coinbase Q2 2026 Earnings: $1.22 Billion Revenue Miss Tests the Everything Exchange Thesis
·mike

Coinbase Q2 2026 Earnings: $1.22 Billion Revenue Miss Tests the Everything Exchange Thesis

Coinbase Q2 2026: $1.22B revenue misses as transaction fees fall 18.5% while subscriptions hold — Everything Exchange diversification barely tested — tracked via public Beancount ledger.

financial-reporting
financial-analysis
beancount
Customer Refunds and Returns: Why They Belong Against Revenue — Not Buried in Expenses
·mike

Customer Refunds and Returns: Why They Belong Against Revenue — Not Buried in Expenses

Learn how small businesses should book customer refunds as contra-revenue, not expenses — covering Schedule C line 2, sales-tax payable reversals, inventory COGS adjustments, payment processor reconciliation, and ASC 606 refund liabilities with a monthly workflow to keep net sales accurate.

bookkeeping
small-business
retail
Your $120 Used Phone Sale Just Got Cheaper — and Your $120 New One Just Got More Expensive: Making Sense of eBay's July 2026 Fee Reform
·mike

Your $120 Used Phone Sale Just Got Cheaper — and Your $120 New One Just Got More Expensive: Making Sense of eBay's July 2026 Fee Reform

eBay's July 1, 2026 fee reform cuts final value fees to flat 5% for used and refurbished goods and raises new-goods fees to 7% for commercial sellers on selected marketplaces. Learn how the 5% vs 7% split changes reseller margins, why private sellers are unaffected, and how to reconcile gross 1099-K sales to net payouts without losing the fee deduction.

ecommerce
bookkeeping
small-business
Eli Lilly Q2 2026 Earnings: $12.2 Billion Quarter and $85–87 Billion Guide as GLP-1 Royalty Compounds
·mike

Eli Lilly Q2 2026 Earnings: $12.2 Billion Quarter and $85–87 Billion Guide as GLP-1 Royalty Compounds

Eli Lilly Q2 2026: $12.2B revenue, $8.38 adjusted EPS, raises full-year guide to $85–87B as GLP-1 sales compound — tracked via public Beancount ledger.

financial-reporting
financial-analysis
beancount
FinCEN's BOI Exemption Isn't Law Yet: What H.R. 425 Would Lock In for Your LLC
·mike

FinCEN's BOI Exemption Isn't Law Yet: What H.R. 425 Would Lock In for Your LLC

FinCEN's March 2025 interim final rule exempts domestic LLCs and corporations from BOI reporting, but the relief lives in regulation; H.R. 425 would codify it in statute—this guide explains who is exempt today, who still must file (foreign reporting companies), and the bookkeeping to keep while Congress decides.

small-business
business-structure
llc
Florida's SB 606 Operations Charge Rule: What Restaurants Must Disclose on Menus, Bills, and Receipts Starting July 1, 2026
·mike

Florida's SB 606 Operations Charge Rule: What Restaurants Must Disclose on Menus, Bills, and Receipts Starting July 1, 2026

Florida SB 606 takes effect July 1, 2026 and redefines restaurant fee disclosure: every mandatory operations charge — service charges, auto-gratuities, delivery fees, and card surcharges — must be shown on menus, contracts, and ordering apps in compliant font, on the face of the bill, and as three separate receipt lines for tip, operations charge, and sales tax. Learn what counts as an operations charge, where to disclose, and how to book each line correctly.

restaurant
compliance
bookkeeping
OBBBA's $400 Minimum QBI Deduction: How Very Small Businesses With Under $2,000 in Profit Beat the 20% Rate in 2026
·mike

OBBBA's $400 Minimum QBI Deduction: How Very Small Businesses With Under $2,000 in Profit Beat the 20% Rate in 2026

For tax years starting in 2026, OBBBA makes the 20% qualified business income deduction permanent, widens the married-joint phase-in range to $394,600–$544,600, and adds a $400 minimum for taxpayers with more than $1,000 of QBI — so a $1,500 profit yields $400 instead of $300.

small-business
tax
tax-deductions
QuickBooks Will Auto-File Every Payroll Tax on July 1, 2026: What You Lose (and Gain) When Manual Filing Disappears
·mike

QuickBooks Will Auto-File Every Payroll Tax on July 1, 2026: What You Lose (and Gain) When Manual Filing Disappears

Starting July 1, 2026, QuickBooks Workforce and QuickBooks Online Payroll will automatically pay and file every payroll tax you have set up — 941, 940, state withholding and SUTA — with no option to turn off automated taxes. Learn which deposits and forms are affected, how bank-debit timing hits cash flow, why the one-time July 1 FUTA catch-up matters, and the double-entry bookkeeping that keeps liabilities matched to debits and filed returns.

payroll
quickbooks
tax
Your 10% Surcharge Expired on July 24 — But Your Books Didn't: A Small Importer's Guide to the Section 122 Sunset and the $23.7 Billion in IEEPA Refunds
·mike

Your 10% Surcharge Expired on July 24 — But Your Books Didn't: A Small Importer's Guide to the Section 122 Sunset and the $23.7 Billion in IEEPA Refunds

The 10% Section 122 surcharge expired July 24, 2026 after 150 days and was replaced by 10-12.5% Section 301 duties; CBP's CAPE portal has already paid $23.7 billion of an estimated $166 billion in IEEPA refunds — learn how to re-model landed cost per SKU, track entry-level recoveries, and avoid booking refunds as income too early.

bookkeeping
tariffs
customs
Shopify Q2 2026 Earnings: $115.6 Billion GMV Fuels 34% Revenue Growth and 18% Free-Cash-Flow Margin
·mike

Shopify Q2 2026 Earnings: $115.6 Billion GMV Fuels 34% Revenue Growth and 18% Free-Cash-Flow Margin

Shopify's Q2 2026 (quarter ended June 30, 2026) reported GMV of $115.6B up 32% YoY, revenue of $2.8B up 34%, net income of $420M at a 15.0% net margin, and an 18% free-cash-flow margin — its twelfth consecutive positive-FCF quarter — reconciled line by line in a public Beancount ledger.

financial-reporting
financial-analysis
beancount
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