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Mike Thrift

Marketing Manager

3751 postsView all authors
Staffing Agency Bookkeeping: How Payroll Funding and Invoice Factoring Close the Gap Between Weekly Payroll and Net-30 Client Payments
·mike

Staffing Agency Bookkeeping: How Payroll Funding and Invoice Factoring Close the Gap Between Weekly Payroll and Net-30 Client Payments

Staffing agencies pay weekly but collect in 30–45 days. Learn how payroll funding and invoice factoring work, what they cost, and the bookkeeping that keeps the spread, reserve, and recourse liability visible.

small-business
bookkeeping
finance
State Sales Tax Nexus in 2026: Why $100K Still Triggers Registration in Every State Even Without Physical Presence
·mike

State Sales Tax Nexus in 2026: Why $100K Still Triggers Registration in Every State Even Without Physical Presence

Since Wayfair, $100K in sales or 200 transactions triggers sales tax nexus in most states. Learn how the thresholds work in 2026, which states differ, and how to track nexus before an audit finds it for you.

small-business
finance
tax-compliance
Tattoo Shop Bookkeeping: Booth Rental vs. Commission Split Accounting, No-Show Deposit Liability, and the 1099 Classification Line Most Studio Owners Cross
·mike

Tattoo Shop Bookkeeping: Booth Rental vs. Commission Split Accounting, No-Show Deposit Liability, and the 1099 Classification Line Most Studio Owners Cross

A tattoo shop that treats booth rental and commission splits the same will misstate revenue by 2×. Learn how booth rental is landlord income, commission is shared revenue, and why no-show deposits are liabilities until the needle touches skin.

small-business
bookkeeping
finance
Texas Margin Tax 2026: The No-Tax Threshold at $2.47M vs. the E-Z Computation at $20M
·mike

Texas Margin Tax 2026: The No-Tax Threshold at $2.47M vs. the E-Z Computation at $20M

Texas margin tax has a $2.47M no-tax threshold and a $20M E-Z computation at 0.331%. Learn which election fits, how margin is calculated, and the bookkeeping that keeps you in the right bucket.

small-business
finance
tax-compliance
Treasury's Form 990 Transparency Overhaul: What the 2026 Government Grants and Fiscal Sponsorship Reporting Rewrite Means for Nonprofits
·mike

Treasury's Form 990 Transparency Overhaul: What the 2026 Government Grants and Fiscal Sponsorship Reporting Rewrite Means for Nonprofits

Treasury rewrote Form 990 reporting for government grants and fiscal sponsorship in 2026. Learn what the new Schedule I and Schedule R lines require, how to disclose donor-restricted government funds, and the bookkeeping that keeps a 990 from triggering an audit.

small-business
finance
financial-management
UK Companies House 2026 Filing Overhaul: Software-Only iXBRL Accounts and Mandatory Director ID Verification Explained
·mike

UK Companies House 2026 Filing Overhaul: Software-Only iXBRL Accounts and Mandatory Director ID Verification Explained

Companies House ECCTA reforms require verified director and PSC identities since November 2025, ACSP-gated filing from late 2026, and software-only iXBRL accounts with no abridged option — learn timelines, corporate-director limits, and the bookkeeping changes small companies must make now.

small-business
business-structure
compliance
Vietnam's 2026 Household Business Tax Reform: How Decree 68's Self-Declared Filing and Revenue-Tiered E-Invoice Mandate Change Bookkeeping for 5 Million Business Households
·mike

Vietnam's 2026 Household Business Tax Reform: How Decree 68's Self-Declared Filing and Revenue-Tiered E-Invoice Mandate Change Bookkeeping for 5 Million Business Households

Vietnam replaced presumptive tax for 5 million business households with self-declared filing and tiered e-invoices in 2026. Learn Decree 68's thresholds, monthly vs. quarterly filing, and the ledger that keeps a household business compliant.

small-business
finance
tax-compliance
Business Entity Comparison in 2026: Sole Prop vs. LLC vs. S-Corp vs. C-Corp — Liability, Tax, and the Conversion Costs You Pay Later
·mike

Business Entity Comparison in 2026: Sole Prop vs. LLC vs. S-Corp vs. C-Corp — Liability, Tax, and the Conversion Costs You Pay Later

Sole prop is the default, LLC is the wrapper, S-corp saves SE tax above ~$80K but needs payroll, C-corp is the venture clock — and converting the wrong way can be a taxable liquidation.

business-structure
entrepreneurship
finance
Business Valuation Methods Explained: What Your Company Is Really Worth Before You Sell, Raise, or Step Back
·mike

Business Valuation Methods Explained: What Your Company Is Really Worth Before You Sell, Raise, or Step Back

Learn how appraisers value small businesses using market comparables, discounted cash flow, and asset-based methods — plus how to normalize earnings and avoid the five mistakes that quietly destroy sale price.

business-valuation
small-business
financial-management
Accounts Receivable Aging and Collections Strategy: Recover Cash Before It Becomes Uncollectible
·mike

Accounts Receivable Aging and Collections Strategy: Recover Cash Before It Becomes Uncollectible

Master accounts receivable aging, Days Sales Outstanding calculations, and collections workflows to recover the 10-15% of cash flow most small businesses lose through payment delays.

accounts-receivable
cash-flow
invoicing
Overtime Rule in 2026: The $58,656 Salary Threshold Stay, Duties Test, and the Compliance Checklist for Reclassifying Exempt Employees
·mike

Overtime Rule in 2026: The $58,656 Salary Threshold Stay, Duties Test, and the Compliance Checklist for Reclassifying Exempt Employees

The $58,656 threshold was vacated — $35,568 is the enforceable level — but salary is only a third of exemption; duties decide the rest, and reclassification lives or dies on time records and the regular rate.

payroll
compliance
small-business
Bonus Depreciation in 2026: 40% Under Current Law vs. 100% If OBBBA Retroactivity Passes — How to Model the Swing on an $80K Equipment Buy
·mike

Bonus Depreciation in 2026: 40% Under Current Law vs. 100% If OBBBA Retroactivity Passes — How to Model the Swing on an $80K Equipment Buy

2026 bonus is 40% under current law — $32K on an $80K machine, not $80K — unless OBBBA restores 100% retroactively; here's how to model the swing vs. Section 179 and keep the ledger straight.

tax-compliance
small-business
finance
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