Mike Thrift

Marketing Manager

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July 15, 20269 min read

Bookkeeping for Code-Audit Firms: How to Book Static Audits, Hourly Remediation, and Resold SAST Subscriptions

A code-audit firm selling fixed-scope static audits, hourly remediation, and resold SAST subscriptions runs three ASC 606 revenue-recognition rules under one roof — point-in-time, as-performed, and ratable. This guide covers the chart of accounts to separate them, the principal-vs-agent test for reseller margin, and a worked example posting one client engagement across unearned revenue, unbilled receivables, and subscription margin.

Mike Thrift

bookkeepingrevenue-recognitionconsulting

July 15, 20269 min read

How Is Stock Photo and Video Licensing Income Taxed? A Contributor's Guide

Stock photo and video royalties from platforms like Adobe Stock and Shutterstock are almost always Schedule C income subject to 15.3% self-employment tax — not passive royalties. This guide covers the hobby-vs-business test, reconciling multi-platform 1099s, deducting gear via Section 179 ($2,560,000 limit) or 100% bonus depreciation, and when quarterly estimated payments kick in.

Mike Thrift

taxself-employment-taxcreative-industries

July 15, 20269 min read

Streaming Payroll Bookkeeping: How to Book Superfluid and Sablier's Per-Second Wage Accruals

Superfluid and Sablier let DAOs pay contributors continuously by the second instead of on a pay date, which means wage expense must be accrued as it streams, not booked when a recipient withdraws — here's how to record it, including the fair-market-value and insolvency edge cases.

Mike Thrift

payrollcrypto-accountingcryptocurrency

July 15, 20266 min read

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

July 14, 20269 min read

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

July 14, 20269 min read

Chase's New Passkey and Trusted Contact Features: A Small Business Security Guide

Chase rolled out passkey login and a Trusted Contact Person feature in early 2026 to counter AI voice-cloning fraud, which costs small businesses $30,000 to $400,000 per incident on average.

Mike Thrift

securitybankingfraud-prevention

July 14, 20268 min read

Commercial Lease Renewal in 2026: Retail Rent Caps vs. Office Tenant Leverage

National retail vacancy sits under 6% while office vacancy runs near 19-20% in 2026, so retail tenants should negotiate a CPI rent-escalation cap of 3-5% while office tenants can push for $75-$150 per square foot in tenant improvement allowances and multiple months of free rent.

Mike Thrift

leasesreal-estateproperty-management

July 14, 20269 min read

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

July 14, 20269 min read

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

July 14, 202611 min read

Independent U-Pick Farm and Agritourism Bookkeeping: Schedule F vs Schedule C, Multi-Enterprise Tracking, Sales Tax, Weather Reserves, and the KPIs That Make a Season Pay

U-pick berries are farm income, admissions and donuts are not — split Schedule F and C, track per-enterprise contribution, tax admissions and prepared food, reconcile Square, and run on revenue per acre and per visitor.

Mike Thrift

small-businessbookkeepingfarming

July 14, 20269 min read

The Mega Backdoor Roth for Business Owners: How a Solo 401(k) Can Move $47,500 a Year Into Tax-Free Growth

For 2026 the IRS caps total 401(k) contributions at $72,000 versus a $24,500 employee deferral limit; business owners can convert the after-tax gap between the two into a Roth account tax-free using the mega backdoor Roth strategy.

Mike Thrift

solo-401kretirement-savingsretirement-planning

July 14, 202610 min read

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

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