Mike Thrift
Marketing Manager
FASB ASU 2025-12: How to Calculate Diluted EPS in a Loss Year with Options, Warrants, and Convertible Notes
FASB's ASU 2025-12 clarifies that a net loss does not automatically make options, warrants, and convertible notes antidilutive: companies must test the combined numerator-and-denominator effect, apply the fix retrospectively to all prior periods presented, and adopt it for annual periods beginning after December 15, 2026.
FASB Just Closed a Decade-Old Loophole in Equity Method Accounting: What ASU 2025-12 Means If You Hold a Stake in a Joint Venture
FASB's ASU 2025-12 (Issue 16) amends ASC 825-10-25-4(e) to bar electing the fair value option for an equity method investment after recognizing an other-than-temporary impairment — restoring a guardrail accidentally deleted by ASU 2016-13's CECL conforming amendments. Effective for annual periods beginning after December 15, 2026, with early adoption permitted and prospective or retrospective transition decided issue by issue.
FASB Just Quietly Exempted Equipment Leases From a Disclosure Rule You Probably Didn't Know Applied to You
FASB's ASU 2025-12 (Issue 5) excludes sales-type and direct financing lease receivables from the ASU 2022-02 vintage and loan-modification disclosures, effective for annual periods beginning after December 15, 2026. Equipment lessors still apply CECL to net lease investments but no longer need origination-year write-off tables for those leases.
Why Small Business Loans Get Denied: Approval Rates, Lender Odds, and Fixes From the Fed's 2025 Credit Survey
The Federal Reserve's 2025 Small Business Credit Survey found only 42% of applicants received full funding and 22% received nothing. Full-approval rates ranged from 57% at small banks to a 46% denial rate at large banks, and the top denial reasons — credit score (45%), collateral (36%), cash flow (33%) — are largely visible in a business's own books before applying.
Federal Regulators Tell Banks to Scrutinize Loans Tied to Work Authorization: A Guide for Immigrant-Owned Businesses
On July 13, 2026, the FDIC, OCC, and NCUA directed banks to tighten underwriting on loans to borrowers without U.S. work authorization, following a June CFPB statement reversing 2023 fair-lending guidance. Here's what the guidance says, how it affects immigrant entrepreneurs and their employers, and five concrete steps to keep financing accessible.
FinCEN Removed Beneficial Ownership Reporting for U.S. Companies: What the Corporate Transparency Act Rule Change Means for Your Small Business
FinCEN's March 2025 interim final rule exempted domestic U.S. companies from Corporate Transparency Act beneficial ownership reporting, removing the obligation for more than 99% of previously covered entities while foreign reporting companies must still file.
Fishing Charter Bookkeeping: Why Fuel and Bait Are COGS and Your USCG License Deserves Its Own Line Item
A well-run fishing charter nets roughly a 25% margin even when booked solid. This guide shows how to structure a charter's books — classify fuel, bait, and ice as cost of goods sold for per-trip margins, track the $1,300–$1,600 USCG six-pack license and its five-year renewal cycle, and accrue maintenance reserves per engine hour to survive the off-season.
Your Commissioned Employees, State Minimum Wage, and a Federal Overtime Exemption: What DOL Opinion Letter FLSA2026-4 Actually Changes
DOL opinion letter FLSA2026-4 (January 2026) confirms the Section 7(i) overtime exemption for commissioned retail and service employees is measured against the federal minimum wage — a regular rate above $10.875/hour — not higher state rates, and clarifies that service charges count as commissions while tips generally don't.
FMCSA Repeals CDL Conviction Self-Reporting: What the July 2026 Rollback Actually Changes for Small Trucking Fleets
FMCSA's June 2026 final rule, effective July 22, 2026, eliminates three redundant requirements — CDL holders self-reporting convictions, keeping a paper ELD manual in the cab, and auto-returning roadside inspection reports — citing ~25,000 unnecessary violations in 2024. Annual MVR checks, driver qualification files, and inspection-report retention remain fully in force, and state-level reporting statutes may still apply.
A Lender You've Never Heard Of Just Raised $525 Million. Here's What It Means for Your Next "No" From a Bank
Forward Financing closed $525 million in new funding as alternative lenders grew from about 29% of small business lending in 2023 to roughly 41% today. What that shift means for borrowers banks reject, how to convert a factor rate to an effective APR (a 1.35 factor over 9 months is roughly 46%), and a five-point checklist to run before signing any non-bank financing offer.
The FDA Just Bought Food Businesses 30 More Months on Traceability — Don't Waste Them
The FDA moved the FSMA 204 Food Traceability Rule compliance date 30 months, from January 20, 2026 to July 20, 2028, and Congress barred earlier enforcement. The rule itself is unchanged — FTL foods, seven Critical Tracking Events, Key Data Elements, and 24-hour sortable records — so here's who's exempt and how small food businesses can build a compliant traceability plan without enterprise software.
The FTC's Caremark Settlement: What Cost-Plus Reimbursement Means for Independent Pharmacy Books
The FTC's July 2026 settlement with CVS Caremark requires a cost-plus reimbursement option, point-of-sale rebate pass-through, and delinked PBM fees. Here is how independent pharmacies should model the switch, track DIR clawbacks, and keep reimbursement data auditable.