Mike Thrift
Marketing Manager
Colorado's Psilocybin Healing Centers Just Watched Cannabis Get a Tax Break They Didn't
Cannabis got Section 280E relief when medical marijuana moved to Schedule III in April 2026, but Colorado's 34 licensed psilocybin healing centers are still fully subject to it. Here is how 280E limits deductions to COGS, why facilitator session labor is the contested cost category, and how to structure a chart of accounts, deferred revenue, and cash controls for a Schedule I business.
Colorado's Retail Delivery Fee Rises to $0.31 in 2026: What Online Sellers Need to Know
Colorado's retail delivery fee rose from $0.28 to $0.31 per transaction on July 1, 2026 — its fifth increase since 2022. Here's who must collect it, how the $500,000 small-seller exemption works, how to report it on Form DR 1786, and which states are considering similar fees.
Your Next Business Loan Might Get Approved by an AI Agent — Here's What That Actually Means
ConnectOne Bank cut policy lookups from 20 minutes to 30 seconds and grew banker adoption 41% in 10 weeks after deploying AI agents built on nCino's platform across commercial lending. Here's what agentic underwriting means for small-business borrowers — why DSCR math, standard-format financial statements, and clean, auditable books now decide whether approval takes days or weeks.
Community Property Trusts: How Business Owners in Any State Can Get a Full Basis Step-Up
Alaska, Tennessee, Kentucky, Florida, and South Dakota let married couples in any state opt into community property treatment through a trust, so the entire asset — not just half — gets an IRC Section 1014(b)(6) basis step-up at the first spouse's death. What business owners should know about Section 754 elections, the one-year gift trap under Section 1014(e), and the unresolved IRS guidance.
Commuter Benefits in 2026: The IRS Raised Pre-Tax Transit and Parking Limits to $340/Month
The IRS raised the 2026 qualified transportation fringe benefit limit to $340/month each for transit and parking (up from $325), an $8,160 combined annual pre-tax ceiling. Here's how the benefit works, the 7.65% employer FICA savings, where 20-employee mandates in NYC, San Francisco, Seattle, and New Jersey make it legally required, and how to keep the bookkeeping clean.
Connecticut's New R&D Tax Credit for LLCs and S Corps: What Public Act 26-68 Means for Small Businesses
Connecticut's Public Act 26-68, signed May 26, 2026, gives pass-through entities — LLCs, S corps, and partnerships with gross income under $70 million — a 6% R&D tax credit for the first time, refundable at 65% (90% for biotech), capped at $1.5 million per business and $25 million statewide, and claimed through a DECD voucher within 90 days of year-end.
Cotton Gin Bookkeeping: Costing the Per-Bale Ginning Fee, Cottonseed Byproduct Revenue, and Module Truck Hauling
USDA's latest survey put average ginning cost at $49.31 per bale in 2022, up 106% in three years. This guide shows how a cotton gin should structure its books — unbundling the per-bale ginning fee into receiving, drying, pressing, and bagging cost centers, booking cottonseed (15–20% of per-bale gross revenue) as a separate product line, and breaking module truck hauling out as its own transportation charge.
When the CPSC Recalls Your Inventory: A Bookkeeping Guide for E-Commerce Resellers
Under the Consumer Product Safety Act, selling recalled products is illegal regardless of business size — and Amazon can bill recall refunds back to third-party sellers. This guide covers the three bookkeeping steps a recall triggers for e-commerce resellers — writing recalled inventory off the balance sheet under GAAP, recording reimbursements separately from revenue, and documenting disposal — plus why the accounting write-off and the IRS tax deduction often land in different periods.
Craft Distillery Bookkeeping: Why the IRS Doesn't Care About Your Barrels, But the TTB Absolutely Does
Craft distilleries owe federal excise tax only when spirits are withdrawn from bond — often years after the grain was paid for. A practical guide to capitalizing barrel-aging costs into inventory, recording angel's share evaporation at quarterly gauging, and timing the $2.70-per-proof-gallon TTB liability correctly.
Craft Malting House Bookkeeping: Grain Inventory That Shrinks, Contract Growing, and a Year-Long Cash Cycle
Craft maltsters lose 10–20% of raw barley weight during steeping, germination, and kilning, pay farmers 3–4× feed-grain prices under multi-season contracts, and can wait over a year between buying grain and selling malt. Here's how to handle yield-ratio costing, contract-growing arrangements, and working-capital planning for a malthouse.
Daycare and Childcare Center Bookkeeping: Taming Tuition, Meal Reimbursements, and Subsidy Payments That Never Arrive on Time
Childcare centers juggle three payers on three different clocks — private tuition, CACFP meal reimbursements, and state subsidies that pay 30–60 days after care is provided. This guide covers a classroom-level chart of accounts, automated advance tuition billing (roughly 90% on-time payment versus 50–60% for manual invoicing), CACFP meal-count documentation, and sizing a cash reserve to your actual subsidy lag.
Delaware Just Raised Its LLC Annual Tax From $300 to $400 — Here's What Every Out-of-State Entity Owes
Delaware HB 400, signed May 21, 2026, raises the flat annual tax on LLCs, LPs, and GPs from $300 to $400 and the registered-series tax from $75 to $100 — retroactive to January 1, 2026. Here's who owes it, when it's due, and how to budget for it.