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Taxidermy Studio Bookkeeping: Costing Mounts, Sales Tax, and Cash Flow Through the Off-Season
·mike

Taxidermy Studio Bookkeeping: Costing Mounts, Sales Tax, and Cash Flow Through the Off-Season

In most states taxidermy labor — not just materials — is subject to sales tax, and accurate mount pricing requires materials, labor, and allocated overhead; this guide covers job costing, sales tax rules, and cash flow forecasting for a trade where most revenue lands in a three-month season.

bookkeeping
small-business
cash-flow
Sales Tax Exemption Certificate Management: The Audit-Ready Playbook
·mike

Sales Tax Exemption Certificate Management: The Audit-Ready Playbook

Auditors extrapolate the certificate deficiency rate found in a sample across the entire audit period, so a handful of missing resale or exemption certificates can turn into a six-figure sales tax assessment — here are the six practices that keep certificate files audit-ready.

tax-compliance
tax
compliance
13-Week Cash Flow Forecast: A Small Business Guide to Cash Conversion Cycle, DSO, and DPO
·mike

13-Week Cash Flow Forecast: A Small Business Guide to Cash Conversion Cycle, DSO, and DPO

A step-by-step guide to building a 13-week cash flow forecast, plus how DSO, DPO, and the cash conversion cycle formula (CCC = DIO + DSO − DPO) reveal cash trapped in receivables and inventory before it causes a payroll shortfall.

cash-flow
forecasting
small-business
Business Email Compromise: The Accounts Payable Controls That Stop Wire Fraud
·mike

Business Email Compromise: The Accounts Payable Controls That Stop Wire Fraud

Business email compromise cost U.S. victims over $3 billion in reported losses in 2025, and 86% of it moves by wire or ACH. Six accounts payable controls — callback verification, dual approval, vendor master file locks — stop fraudulent transfers before the money leaves.

fraud-prevention
accounts-payable
small-business
Collecting W-9s and Avoiding Backup Withholding: A Vendor-Onboarding Playbook
·mike

Collecting W-9s and Avoiding Backup Withholding: A Vendor-Onboarding Playbook

The IRS requires 24% backup withholding when a vendor's TIN is missing or incorrect. This playbook covers collecting W-9s before the first payment, validating them, using the free IRS TIN Matching Program, responding to CP2100 B-notices within 15 business days, and why the new $2,000 1099-NEC threshold for 2026 doesn't change when you need a W-9.

tax-compliance
vendor-management
small-business
Accounting for Customer Loyalty Rewards Programs: ASC 606 Points Liability, Deferred Revenue, and Breakage
·mike

Accounting for Customer Loyalty Rewards Programs: ASC 606 Points Liability, Deferred Revenue, and Breakage

Under ASC 606, loyalty points are a separate performance obligation — part of each sale is allocated to a deferred revenue liability using standalone selling prices, recognized when points are redeemed, with unredeemed value booked as breakage in proportion to redemptions. This guide walks through the journal entries, the proportional vs. remote breakage methods, the chart of accounts, and the state escheatment rules that can block breakage income.

revenue-recognition
small-business
liability
Beancount MCP: Connect Your Ledger to Claude, Cursor, and Any AI Assistant
·mike

Beancount MCP: Connect Your Ledger to Claude, Cursor, and Any AI Assistant

The Beancount MCP server connects your plain-text ledger to Claude, Cursor, Windsurf, and any MCP-compatible AI client over OAuth 2.1 — ask questions, run BQL queries, and commit ledger edits without leaving your AI tool.

ai
llm
automation
Beancount.io's Ask AI Can Now Write Entries and Read Receipts
·mike

Beancount.io's Ask AI Can Now Write Entries and Read Receipts

Beancount.io expanded its Ask AI assistant from a read-only Q&A tool into an action-capable agent that drafts and writes ledger entries, reads uploaded receipts and bank-statement screenshots, and commits nothing without explicit user approval — live at /agent.

ai
llm
automation
Passing Credit Card Fees to Customers: Surcharges, Cash Discounts, and Dual Pricing in 2026
·mike

Passing Credit Card Fees to Customers: Surcharges, Cash Discounts, and Dual Pricing in 2026

Surcharging, cash discounts, and dual pricing are the three legal ways to pass card fees to customers in 2026—surcharges cap at 3% (Visa) and are banned in CT, ME, and MA, while cash discounts and dual pricing are legal in all 50 states and skip the 30-day network notice.

payments
small-business
compliance
Buy Now, Pay Later Is Quietly Breaking Your Books: A Merchant's Guide to Accounting for Klarna, Affirm, and Afterpay
·mike

Buy Now, Pay Later Is Quietly Breaking Your Books: A Merchant's Guide to Accounting for Klarna, Affirm, and Afterpay

BNPL providers pay merchants the full sale price minus a fee, then report gross volume on a 1099-K — so recording only the net deposit understates revenue and triggers IRS underreporter notices. Record gross sales through per-provider clearing accounts to keep fees, reserves, and 1099-K totals reconciled.

e-commerce
payments
revenue-recognition
Cash vs. Accrual Accounting: How to Choose the Right Method (and When the IRS Forces Your Hand)
·mike

Cash vs. Accrual Accounting: How to Choose the Right Method (and When the IRS Forces Your Hand)

Cash accounting records revenue when money is received and expenses when paid; accrual accounting records revenue when earned and expenses when incurred. IRS Section 448 mandates the accrual method once a business's three-year average gross receipts exceed the $32 million threshold for 2026, and changing methods later requires Form 3115 plus a Section 481(a) adjustment.

accounting-basics
accrual-accounting
revenue-recognition
State Tax Residency Audit Defense After Moving to a No-Tax State
·mike

State Tax Residency Audit Defense After Moving to a No-Tax State

A practical guide to surviving California FTB and New York residency audits after moving to Florida, Texas, or Nevada — the domicile and statutory residency tests, day-count documentation, equity compensation traps, and the convenience-of-the-employer rule.

tax
tax-compliance
audit
Показани 1213–1224 от 3478 публикации