Mike Thrift

Marketing Manager

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11 юли 2026 г.11 минути четене

Independent Private Music Teacher Bookkeeping (Piano, Guitar, Voice, Strings): Schedule C and Quarterly Estimated Taxes, Prepaid Lesson and Recital-Fee Deferred Revenue, Home Studio Deduction, Instrument and Equipment Section 179, and the New $2,000 1099-NEC Threshold Explained for Solo Instructors

Prepaid lessons are deferred revenue — track per student, pass the exclusive-use test for the home studio, expense instruments via Section 179/bonus, log mileage contemporaneously, and keep W-9s for the 1099-NEC threshold.

Mike Thrift

educationsmall-businessbookkeeping

11 юли 2026 г.8 минути четене

Infrared Sauna Studio Bookkeeping: Memberships, Depreciation, and the Utility Bill

How infrared sauna studios should handle the three bookkeeping issues that decide profitability — recording $150–$250/month memberships as deferred revenue rather than same-day income, classifying a $30,000–$250,000 buildout for Section 179 versus leasehold-improvement depreciation, and tracking utility costs of $0.30–$1.50 per session before they erode margins.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition

11 юли 2026 г.9 минути четене

IRS 2026 Standard Mileage Rate: 72.5 Cents vs. the Actual Expense Method

The IRS standard mileage rate rises to 72.5 cents per mile for 2026. Here's how it compares with the actual expense method, why your first-year choice can be irreversible, and what a mileage log needs to survive an IRS audit under Section 274(d).

Mike Thrift

taxtax-deductionstax-planning

11 юли 2026 г.9 минути четене

Non-Emergency Medical Transportation (NEMT) Bookkeeping: Trip Logs, Broker Reimbursement, and False Claims Act Risk

NEMT providers face a documented audit risk unlike most small businesses — a 2022 federal audit found 72% of sampled New York claims non-compliant, and billing a no-show as a completed trip can trigger False Claims Act penalties starting at roughly $14,000 per claim plus treble damages.

Mike Thrift

healthcarecompliancefraud-prevention

11 юли 2026 г.7 минути четене

Right to Repair 2026: How Parts-Pairing Bans Open a Door for Independent Repair Shops

As of January 1, 2026, Colorado, Washington, and Oregon ban software-based parts pairing on electronics and appliances, forcing manufacturers to open OEM parts and diagnostic access to independent repair shops — here's what the new rules mean for compliance and inventory bookkeeping.

Mike Thrift

right-to-repairinventorycost-of-goods-sold

11 юли 2026 г.8 минути четене

SBIR/STTR Grant Accounting: Indirect Costs, Time Tracking, and Fund Segregation

First-time SBIR/STTR awardees rarely fail audits on the science — they fail on indirect cost rates, timekeeping, and commingled funds. How to calculate your own indirect rate (DOE now caps reimbursement at 15% for for-profits), log daily hours DCAA will accept, and segregate award money before the SF 1408 survey.

Mike Thrift

grantscompliancestartup

11 юли 2026 г.8 минути четене

New State Disclosure Laws Are Forcing Merchant Cash Advance Providers to Show Their Real Numbers

Ten states now require merchant cash advance providers to disclose an APR alongside the factor rate, turning opaque MCA pricing into an apples-to-apples comparison for small business owners.

Mike Thrift

loansfinancingapr

11 юли 2026 г.10 минути четене

TikTok Shop партньорски данъци: Ръководство за създатели за 1099-NEC, възстановявания и тримесечни плащания

Партньорите на TikTok Shop получават 1099-NEC вече след приспадане на ~13% комисионна на платформата, дължат 15.3% данък самонаети, след като нетните приходи надхвърлят $400, и трябва да декларират всички доходи дори под новия праг от $2,000 на платец. Ето как всъщност работят възстановяванията на комисионни, безплатните PR продукти и тримесечните плащания — и месечното приключване, което поддържа числата точни.

Mike Thrift

taxself-employment-taxtax-deductions

11 юли 2026 г.9 минути четене

Trade Show Exhibitor Bookkeeping: Booth Fees, Drayage, and Measuring the ROI Payoff

A cost-by-cost breakdown of trade show exhibitor bookkeeping — how to categorize booth fees, drayage (typically $100-$200+ per hundred pounds), travel, and collateral, when to accrue the expense, and how to calculate cost-per-lead so a show's ROI shows up in the numbers instead of a gut feeling.

Mike Thrift

bookkeepingexpense-trackingsmall-business

11 юли 2026 г.10 минути четене

Bookkeeping for VR Arcades: Deferred Deposits, Per-Station Depreciation, and Revenue by Stream

How VR arcades and location-based entertainment venues should keep their books — split revenue across six streams, book party deposits as deferred-revenue liabilities, depreciate each $50,000+ station separately, and track revenue per available station hour, the LBE equivalent of a hotel's RevPAR.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition

11 юли 2026 г.8 минути четене

Wedding Officiant Bookkeeping: Ordination Rules, Self-Employment Taxes, and Deposit Accounting

Online ordination doesn't make you IRS clergy — officiant fees are ordinary Schedule C income subject to 15.3% self-employment tax. This guide covers where online ordinations face county-level recognition problems (Tennessee, Virginia), what celebrants actually charge ($300–$1,000+), and why booking deposits belong on your books as liabilities until the ceremony happens.

Mike Thrift

bookkeepingself-employmentside-hustle

10 юли 2026 г.9 минути четене

Bookkeeping for Adult Content Creators: 1099s, Platform Fees, and Chargebacks

Subscription platforms report gross earnings on Form 1099-NEC even though they keep roughly 20% as a platform fee, and adult content businesses see chargeback rates of 3-5% — well above the 1% threshold that triggers card network monitoring — making separate bookkeeping for fees, taxes, and disputes essential from day one.

Mike Thrift

self-employment-taxtax-compliancechargebacks

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