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Mike Thrift

Marketing Manager

3298 postsView all authors
OMB Uniform Guidance 2026: Federal Grant Compliance Changes for Nonprofits
·mike

OMB Uniform Guidance 2026: Federal Grant Compliance Changes for Nonprofits

OMB's 2026 Uniform Guidance overhauls federal grant compliance for nonprofits, adding stricter payment verification, expanded subaward reporting, and tighter cost allowability rules—effective October 1. The comment period closes July 13; here's what changed and why it matters.

compliance
nonprofit
accounting
Paid Family and Medical Leave in 2026: Multi-State Employer Compliance Guide
·mike

Paid Family and Medical Leave in 2026: Multi-State Employer Compliance Guide

Navigate 2026's paid family and medical leave programs across Delaware, Minnesota, and Maine. Learn employer contribution rates, eligibility requirements, payroll updates, and compliance deadlines to stay audit-ready.

payroll
compliance
small-business
Qualified Opportunity Zones Are Now Permanent: Your 2026 Playbook for the Rural 30% Basis Step-Up and Rolling Redesignations
·mike

Qualified Opportunity Zones Are Now Permanent: Your 2026 Playbook for the Rural 30% Basis Step-Up and Rolling Redesignations

Qualified Opportunity Zones are now permanent tax law with enhanced incentives for rural investment. Discover how the 30% rural basis step-up, 10-year tax elimination benefit, and 2026 redesignation window can shield your capital gains from federal tax.

tax-planning
entrepreneurship
small-business
Real Estate Agent Bookkeeping After the NAR Settlement: Tracking Off-MLS Commission Negotiations
·mike

Real Estate Agent Bookkeeping After the NAR Settlement: Tracking Off-MLS Commission Negotiations

Post-NAR settlement, real estate brokers must track buyer-agent commissions across buyer agreements, seller offers, and purchase contracts. This guide covers documentation requirements, trust-account reconciliation, and the specific ledger entries that keep your 1099s honest and your licensing board satisfied.

real-estate
bookkeeping
accounting
The SBA Just Retired FICO SBSS for Small 7(a) Loans: Why Your Debt Service Coverage Ratio Now Matters More Than Your Credit Score
·mike

The SBA Just Retired FICO SBSS for Small 7(a) Loans: Why Your Debt Service Coverage Ratio Now Matters More Than Your Credit Score

The SBA retired FICO SBSS for 7(a) loans under $350K as of March 2026, making Debt Service Coverage Ratio the primary approval metric—learn how to prepare with accurate financials and bookkeeping.

sba
loans
small-business
2026 State Paid Family and Medical Leave Compliance Guide: Minnesota, Delaware & Maine
·mike

2026 State Paid Family and Medical Leave Compliance Guide: Minnesota, Delaware & Maine

A practical breakdown of paid family and medical leave rules, employer costs, and compliance deadlines for Minnesota (0.88%), Delaware (employee-funded), and Maine (0.68%) effective January–May 2026.

payroll
tax-compliance
compliance
Newsletter Writer Taxes: Schedule C, Quarterly Estimates, and When the IRS Calls It a Business
·mike

Newsletter Writer Taxes: Schedule C, Quarterly Estimates, and When the IRS Calls It a Business

Self-employment income from newsletters triggers Schedule C filing, quarterly estimated taxes, and a critical 2026 IRS hobby-vs-business classification change worth tens of thousands of dollars over time.

tax
self-employment
tax-planning
$166 Billion in Tariff Refunds: Why Most Small Importers Can't Claim a Dollar of It
·mike

$166 Billion in Tariff Refunds: Why Most Small Importers Can't Claim a Dollar of It

Only the Importer of Record can claim a share of the $166 billion in IEEPA tariff refunds through CBP's CAPE portal, which locks out most small importers who buy through suppliers, freight forwarders, or 3PLs — here is how to find your IOR, negotiate refund sharing, and book the proceeds correctly under ASC 450.

tariffs
customs
small-business
Working Capital Management: Master the Cash Conversion Cycle
·mike

Working Capital Management: Master the Cash Conversion Cycle

Small businesses often run out of cash despite healthy profits because working capital is trapped in receivables and inventory. Learn to optimize the cash conversion cycle—the three levers of DSO, DPO, and DIO—to free up thousands without raising debt.

cash-flow
small-business
financial-management
The 24-Month Bookkeeping Cleanup: How Small Business Owners Get Their Books Buyer-Ready
·mike

The 24-Month Bookkeeping Cleanup: How Small Business Owners Get Their Books Buyer-Ready

More than half of small business sales that reach a signed letter of intent still fail to close, often because the seller's books can't survive a buyer's Quality of Earnings review — a 24-month, four-phase bookkeeping cleanup is how owners get financials buyer-ready before going to market.

business-acquisition
buying-a-business
bookkeeping
AI-Generated Receipts Are Now Most of Expense Fraud: How to Protect Your Small Business
·mike

AI-Generated Receipts Are Now Most of Expense Fraud: How to Protect Your Small Business

AI-generated fake receipts rose from 0% to 70.8% of detected expense fraud in fourteen months, averaging $101 per claim, and small businesses can counter it by matching receipts to actual transaction records instead of judging document appearance.

fraud-detection
fraud-prevention
expense-management
ATV & UTV Rental and Guided-Tour Bookkeeping: Fleet, Insurance, and Waivers
·mike

ATV & UTV Rental and Guided-Tour Bookkeeping: Fleet, Insurance, and Waivers

ATV and UTV rental operators typically earn 70-80% of annual revenue in a four-to-five-month peak season, so a 15-20% off-season reserve, per-unit fleet depreciation, monthly-accrued insurance, and a waiver trail tied to rental number and unit ID are the bookkeeping controls that keep the business solvent and defensible.

bookkeeping
small-business
seasonal-business
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