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Mike Thrift

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Safe Harbor 401(k) Plans in 2026: How Small Businesses Skip Nondiscrimination Testing
·mike

Safe Harbor 401(k) Plans in 2026: How Small Businesses Skip Nondiscrimination Testing

A safe harbor 401(k) automatically passes IRS ADP/ACP nondiscrimination testing in exchange for a fixed employer contribution — a 3% nonelective or a match of up to 4%. Here's how the three formulas compare in cost, the December 1 retroactive adoption deadline, and the 2026 limits ($24,500 deferral, $72,000 total additions, mandatory Roth catch-ups for high earners).

small-business
retirement-plans
employee-benefits
The Section 122 Import Surcharge Expires July 24, 2026 — What Small Importers Should Do With the Week Left
·mike

The Section 122 Import Surcharge Expires July 24, 2026 — What Small Importers Should Do With the Week Left

The 10% Section 122 import surcharge expires automatically on July 24, 2026, when its 150-day statutory limit runs out — but expiration is not a refund, and Section 301 and Section 232 tariffs are already queued to replace it. Here's how small importers should tally what they paid, preserve refund rights, and model landed costs before the deadline.

tax
tax-compliance
small-business
Self-Serve Dog Wash Station Bookkeeping: Reconciling Unattended Revenue, Costing Per Wash, and Depreciating Equipment
·mike

Self-Serve Dog Wash Station Bookkeeping: Reconciling Unattended Revenue, Costing Per Wash, and Depreciating Equipment

A bookkeeping guide for unattended self-serve dog wash stations: how to reconcile coin and card revenue against machine counters, calculate a true cost per wash (roughly $3.50 against an $18–20 session price), classify shampoo and consumables as COGS, and depreciate $20,000–$30,000-per-bay equipment — including Section 179 timing and separating payment terminals from wash tubs in your fixed-asset register.

bookkeeping
small-business
reconciliation
When Does a Senior Living Placement Agency Actually Earn Its Referral Fee? A Revenue Recognition Guide
·mike

When Does a Senior Living Placement Agency Actually Earn Its Referral Fee? A Revenue Recognition Guide

Senior living placement agencies earn 70–80% of a resident's first month's rent — but only at move-in, and often subject to 30-day clawback clauses. This guide explains when to recognize referral fee revenue under ASC 606, how to book refund liabilities from your historical clawback rate, and which pipeline metrics predict cash flow.

revenue-recognition
bookkeeping
small-business
Urgent Care Clinic Bookkeeping: Why One Wrong Code Can Sink a Month's Revenue
·mike

Urgent Care Clinic Bookkeeping: Why One Wrong Code Can Sink a Month's Revenue

Urgent care bookkeeping hinges on details generic templates miss: the POS-20 place-of-service code that sets the reimbursement rate (and triggers denials at payers who contract clinics as offices), denial-reason tracking for the ~60% of billing work that happens after claim submission, and Section 179's $2,560,000 limit plus permanent 100% bonus depreciation for X-ray and lab equipment in 2026.

healthcare
bookkeeping
small-business
The $2,965 Question: Budgeting for USCIS's Latest Premium Processing Fee Hike
·mike

The $2,965 Question: Budgeting for USCIS's Latest Premium Processing Fee Hike

Effective March 1, 2026, USCIS raised the premium processing fee for H-1B, L-1, O-1, TN, and E-3 petitions from $2,805 to $2,965 — a 5.72% CPI-indexed increase that recurs every two years. Full fee table for Forms I-129, I-140, I-539, and I-765, plus how small employers can budget for total sponsorship costs of $6,770–$9,770 per hire.

immigration
small-business
budgeting
USDA's "Product of USA" Label Rule Is Now Enforceable: What Small Meat, Poultry, and Egg Sellers Must Document
·mike

USDA's "Product of USA" Label Rule Is Now Enforceable: What Small Meat, Poultry, and Egg Sellers Must Document

Since January 1, 2026, USDA's FSIS requires any "Product of USA" claim on meat, poultry, or eggs to mean born, raised, slaughtered, and processed in the U.S. — and sellers must produce origin, traceability, and attestation records within 24 hours of an inspector's request.

compliance
small-business
legal
Virginia's SB 170: No Severance, No Noncompete — What Employers Must Do Before July 1, 2026
·mike

Virginia's SB 170: No Severance, No Noncompete — What Employers Must Do Before July 1, 2026

Virginia's SB 170, signed April 13, 2026 and effective July 1, 2026, makes noncompetes unenforceable when an employee is terminated without cause and receives no severance — for every income level, with penalties up to $10,000 per violation. Here's what employers must change in agreements, budgets, and books.

legal
compliance
small-business
West Virginia's New Cottage Food Permit: How SB 44 Lets Home Producers Sell Pickled, Fermented, and Refrigerated Foods
·mike

West Virginia's New Cottage Food Permit: How SB 44 Lets Home Producers Sell Pickled, Fermented, and Refrigerated Foods

West Virginia's Senate Bill 44, effective June 12, 2026, created a potentially hazardous cottage food vendor permit that lets home producers legally sell pickled and fermented vegetables, acidified salsas and hot sauces, kombucha, and refrigerated items like custards and cream pies. The permit requires a kitchen inspection, food safety training, a WVDA permit, and water testing for kitchens on private wells, while raw meat, poultry, seafood, and Grade A dairy remain prohibited under both cottage food tiers.

small-business
compliance
permits
Yoga Studio Bookkeeping: Why Class Packs Are Liabilities, Not Revenue
·mike

Yoga Studio Bookkeeping: Why Class Packs Are Liabilities, Not Revenue

A prepaid class pack is a liability until the classes are taught. This guide covers deferred revenue for yoga studios — recognizing pack and membership income as classes are attended, writing off breakage, classifying instructors as 1099 contractors vs W-2 employees, separating taxable retail from service revenue, and a five-step monthly close.

bookkeeping
small-business
revenue-recognition
AI Training Is Fair Use, But Piracy Isn't: What Two Landmark Copyright Rulings Mean for Your Business
·mike

AI Training Is Fair Use, But Piracy Isn't: What Two Landmark Copyright Rulings Mean for Your Business

Bartz v. Anthropic ended in a $1.5 billion settlement — roughly $3,000 per pirated book — while holding that AI training on lawfully acquired books is fair use; Thomson Reuters v. Ross Intelligence went the other way. Here's what both rulings mean for small businesses using AI tools, plus a contract due-diligence checklist.

ai
legal
small-business
Cost Segregation for Small Commercial Property in 2026: How a $400K Building Can Generate $80K of Front-Loaded Depreciation Without a Full Engineering Study
·mike

Cost Segregation for Small Commercial Property in 2026: How a $400K Building Can Generate $80K of Front-Loaded Depreciation Without a Full Engineering Study

A small building's first-year deduction can triple with cost segregation — reclassify 5-year, 7-year, and 15-year pieces, elect Section 179/bonus where it helps, and document the allocation the ATG expects.

real-estate
small-business
finance
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