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15 юли 2026 г.9 минути четене

Connecticut's Shrinkflation Disclosure Law (HB 6856): What Small Food Businesses Need to Know

Connecticut's HB 6856 would be the first US state law to regulate shrinkflation, requiring food manufacturers to post a clear notice for 12 months whenever they shrink a product without cutting its price — enforced as an unfair trade practice by the state Attorney General. Here's who the bill covers, the slack-fill litigation risk that already exists, and how to keep COGS and margin records accurate through a package resize.

Mike Thrift

small-businesscompliancelegal

15 юли 2026 г.7 минути четене

South Dakota's New Nicotine Licenses: What SB 221 and HB 1220 Require of Retailers and Distributors by July 1, 2026

Starting July 1, 2026, South Dakota's SB 221 requires a per-location retail license to sell any nicotine product — including vapes and pouches — while HB 1220 raises the wholesaler/distributor license fee from $150 to $1,000 per location. Unlicensed retail sales carry a $500-per-day fine, and retailers must source only from state-licensed wholesalers.

Mike Thrift

licensespermitscompliance

15 юли 2026 г.13 минути четене

State Data Breach Notification Laws in 2026: A 50-State Compliance Playbook for Small Businesses

Every state requires breach notice and size doesn't exempt you — map the 30/45/60-day clocks, California SB 446's 30-day and 15-day AG rule, 500/1000 thresholds, risk-of-harm, and run on the shortest deadline.

Mike Thrift

compliancesmall-businessbusiness

15 юли 2026 г.5 минути четене

Virginia's HB 975 Replaces the 45% Food-to-Beverage Ratio: What Restaurant Owners Need to Track Now

Effective July 1, 2026, Virginia's HB 975 replaces the flat 45% food-to-beverage ratio for mixed beverage licensees with three tiers — no ratio above $48,000 in monthly food sales, 30% between $25,000 and $48,000, and 45% below that — making monthly food-sales tracking a compliance requirement, not just an annual MBAR exercise.

Mike Thrift

restaurantcompliancebookkeeping

14 юли 2026 г.9 минути четене

ABA Therapy Practice Bookkeeping: The RBT/BCBA Guide to Billing, Authorizations, and Cash Flow

ABA practices bill in 15-minute units under CPT codes 97153 and 97155, face industry-wide denial rates of 15-30%, and see predictable cash-flow dips when six-month prior authorizations lapse before renewal paperwork clears.

Mike Thrift

healthcarepayrollbookkeeping

14 юли 2026 г.9 минути четене

Connecticut's Warehouse Quota Law: A Disclosure Guide for Employers

Connecticut's SB 298, effective July 1, 2026, requires warehouses with 250+ employees at one site (or 1,000+ across sites) to disclose productivity quotas in writing, retain three years of work-speed records, and answer employee data requests within 10 days, with a rebuttable presumption of retaliation for adverse actions taken within 90 days.

Mike Thrift

complianceworkplace-safetyosha

14 юли 2026 г.9 минути четене

FASB ASU 2025-06: How the New Internal-Use Software Capitalization Rule Fits Agile Development

FASB's ASU 2025-06 replaces the three-stage ASC 350-40 test with a single "probable-to-complete" threshold for internal-use software, a change expected to decrease capitalization for SaaS companies once it takes effect for annual periods beginning after December 15, 2027.

Mike Thrift

software-capitalizationsaasfinancial-reporting

14 юли 2026 г.9 минути четене

Nonprofit Merger Accounting: What ASC 958-805 Requires Before You Sign

Under ASC 958-805, a combination of two nonprofits must be classified as either a merger, which uses the carryover method with no fair-value remeasurement or goodwill, or an acquisition, which requires fair-value remeasurement and an immediate expense instead of capitalized goodwill for any excess consideration.

Mike Thrift

nonprofitmergers-and-acquisitionsbusiness-acquisition

14 юли 2026 г.8 минути четене

Medicare Routine Foot Care Rules: A Podiatry Bookkeeping Guide to Q7/Q8/Q9 Modifiers

Medicare excludes routine foot care under Section 1862(a)(13) unless a Q7, Q8, or Q9 modifier documents a qualifying systemic condition, and a missed modifier produces a flat claim denial that podiatry practices often never trace back to a root cause in their books.

Mike Thrift

healthcarebookkeepingaccounts-receivable

14 юли 2026 г.9 минути четене

SOC 2 Type II Audit Cost: A Small SaaS Company's Complete Budgeting Guide

A first-year SOC 2 Type II report for a 10–50 person SaaS company typically costs $25,000–$80,000 total, with the audit fee itself covering only about 40% of that — internal labor and readiness work make up the rest.

Mike Thrift

compliancesecuritystartup

13 юли 2026 г.7 минути четене

The AI Coverage Gap: Why Your Business Insurance May Not Cover Losses From the AI Tools You Already Use

Major carriers including Chubb, Travelers, and Berkshire Hathaway have added AI exclusion endorsements (ISO's CG 40 47 and CG 40 48) to general liability and E&O policies, with over 80% of exclusion requests approved by state regulators, leaving small businesses using chatbots and AI writing tools newly exposed to uncovered claims.

Mike Thrift

insurancebusiness-insuranceai

13 юли 2026 г.7 минути четене

Fingerprint Time Clocks and Biometric Privacy Law: What a Small Business Needs to Know Before Installing One

Illinois's Biometric Information Privacy Act requires a written policy, notice, and signed consent before any fingerprint, palm-vein, or facial-recognition time clock scans an employee, with damages of $1,000–$5,000 per violation and similar consent rules now spreading to Texas, Washington, and roughly twenty other states.

Mike Thrift

privacycompliancesmall-business

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