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Mike Thrift

Marketing Manager

3751 postsView all authors
Freelancing in Switzerland: How Cantonal Taxes, AHV, and the CHF 100,000 VAT Line Actually Work
·mike

Freelancing in Switzerland: How Cantonal Taxes, AHV, and the CHF 100,000 VAT Line Actually Work

A Swiss freelancer's tax bill stacks federal (up to 11.5%), cantonal, and communal layers — roughly CHF 15,000–18,000 on CHF 100,000 of profit in Zug versus about CHF 28,000 in Geneva. This guide covers AHV self-employed status (three criteria, ~10% of net profit, CHF 2,300 registration threshold), the CHF 100,000 VAT and Commercial Register line, 8.1% standard VAT, Pillar 3a deductions up to CHF 36,288, and when a GmbH beats a sole proprietorship.

freelance
self-employment
tax
Friendly Fraud Is Now 75% of eCommerce Disputes: A Small Merchant's Guide to Fighting Chargebacks
·mike

Friendly Fraud Is Now 75% of eCommerce Disputes: A Small Merchant's Guide to Fighting Chargebacks

Friendly fraud costs eCommerce merchants an estimated $132 billion a year and now accounts for roughly 75% of all disputes, yet merchants win only 8.1% of manually contested chargebacks. Here's how small merchants can prevent disputes, use Visa CE3.0 evidence, stay under the 1.5% VAMP ratio, and track the true cost in their books.

chargebacks
payments
fraud-prevention
Funeral Home and Cemetery Bookkeeping: How Pre-Need Trusts and Revenue Recognition Actually Work
·mike

Funeral Home and Cemetery Bookkeeping: How Pre-Need Trusts and Revenue Recognition Actually Work

Pre-need funeral contracts can span 40 years between payment and service, so GAAP defers the revenue as a liability until delivery — while cemetery plot sales are recognized immediately as real-estate-like transactions. A guide to state trusting percentages, perpetual care funds, and the bookkeeping separations that keep deathcare businesses compliant.

bookkeeping
revenue-recognition
trust
Gymnastics and Cheer Gym Bookkeeping: Getting Tuition, Team Fees, and Meet Travel Right
·mike

Gymnastics and Cheer Gym Bookkeeping: Getting Tuition, Team Fees, and Meet Travel Right

A $3,600 competition-team fee paid in August isn't August revenue — it's deferred revenue recognized monthly across the season. How gymnastics and cheer gyms should book team fees, classify coaches (1099 vs. W-2), depreciate spring floors and mats under Section 179, and budget meet travel.

bookkeeping
revenue-recognition
youth-sports
Idaho HB 559: Why 100% Bonus Depreciation Won't Apply on Your State Return
·mike

Idaho HB 559: Why 100% Bonus Depreciation Won't Apply on Your State Return

Idaho's HB 559, signed February 10, 2026, conforms to the OBBBA's expanded $2.5 million Section 179 cap but decouples from 100% bonus depreciation under Section 168(k), new Section 168(n) qualified production property expensing, and R&E transition relief — a divergence projected to cost Idaho businesses about $151 million in 2026. Here's who it hits and how the Form DBDA addback works.

tax
bonus-depreciation
section-179
Indiana, Kentucky, and Rhode Island Privacy Laws Took Effect in 2026: What Small Businesses Need to Know
·mike

Indiana, Kentucky, and Rhode Island Privacy Laws Took Effect in 2026: What Small Businesses Need to Know

On January 1, 2026, Indiana, Kentucky, and Rhode Island became the 18th, 19th, and 20th states with comprehensive consumer privacy laws. This guide compares their applicability thresholds (as low as 10,000 consumers in Rhode Island), cure periods, penalties up to $10,000 per violation, and gives small businesses a six-step compliance checklist.

privacy
compliance
small-business
Indoor Skate Park Bookkeeping: Why Three Revenue Streams Can Sink a Profitable Facility
·mike

Indoor Skate Park Bookkeeping: Why Three Revenue Streams Can Sink a Profitable Facility

An indoor skate park is three businesses in one — admissions with near-zero COGS, high-margin coaching, and pro shop retail carrying 55–70% cost of goods sold. This guide covers splitting the chart of accounts by stream, recognizing punch card and membership revenue under ASC 606, depreciating ramp systems over 5–7 years with Section 179, and building a margin-weighted break-even model against $25,000–$30,000 in monthly fixed costs.

bookkeeping
small-business
revenue-recognition
Iowa's Captive Insurance Overhaul: What H.F. 2766's $100,000 Protected Cell Minimum Means for Small Businesses
·mike

Iowa's Captive Insurance Overhaul: What H.F. 2766's $100,000 Protected Cell Minimum Means for Small Businesses

Iowa's H.F. 2766, effective July 1, 2026, cuts the minimum capital for protected cell captives to $100,000, allows LLC and series LLC cells, and waives premium tax for captives that redomesticate. Here's when a captive pencils out for a small business — and how to spot abusive micro-captive tax shelters.

insurance
small-business
risk-management
Iowa SF629: The New Expedited Business Filing Tiers, What They Cost, and When to Pay
·mike

Iowa SF629: The New Expedited Business Filing Tiers, What They Cost, and When to Pay

Iowa Senate File 629, signed June 2, 2026 and effective July 1, 2026, writes four expedited business filing tiers into Iowa Code section 9.15 — one-hour ($200), same-day ($125), two-day ($50), and five-day ($15) surcharges on top of standard fees — covering formations, amendments, mergers, foreign qualifications, and dissolutions for every entity type.

small-business
llc
incorporation
The Enrolled Agent Exam's 2026 Overhaul: PSI Replaces Prometric, and the Total Cost Rises to $317 Per Part
·mike

The Enrolled Agent Exam's 2026 Overhaul: PSI Replaces Prometric, and the Total Cost Rises to $317 Per Part

The IRS cut its Enrolled Agent exam fee from $99 to $66 per part in 2026, but new vendor PSI charges $251 versus Prometric's $168 — raising the total to $317 per part. The switch also brings a March–June testing blackout, a 200–800 scoring scale, and first-time remote proctoring for U.S. candidates.

tax
tax-preparation
cpa
June 2026 Inflation Report: Why a Cooler CPI Doesn't Mean Lower Supplier Costs
·mike

June 2026 Inflation Report: Why a Cooler CPI Doesn't Mean Lower Supplier Costs

June 2026 CPI fell 0.4% — the largest monthly drop since April 2020 — cutting annual inflation to 3.5%, but core prices were flat and producer inflation still runs 5.5%. What the CPI/PPI gap means for small-business supplier costs, tariff pass-through, and fall contract negotiations.

inflation
economy
small-business
Kansas Just Cut Business Filing Fees for the First Time Since 2008 — Here's What Changed
·mike

Kansas Just Cut Business Filing Fees for the First Time Since 2008 — Here's What Changed

Kansas's 2026 fee overhaul — the first since 2008 — sets LLC, LLP, and LP formation at the same $90 online fee corporations pay, cuts PEO annual report fees from $1,000 to $250, and lowers biennial report fees, saving Kansas businesses over $3 million a year combined.

small-business
llc
incorporation
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