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Mike Thrift

Marketing Manager

3783 postsView all authors
Malaysia's Gig Workers Act Is Now in Force: What Mandatory SOCSO at 1.25% Per Job Means for Platforms, Drivers, and Delivery Riders in 2026
·mike

Malaysia's Gig Workers Act Is Now in Force: What Mandatory SOCSO at 1.25% Per Job Means for Platforms, Drivers, and Delivery Riders in 2026

Act 872 took effect March 2026. Platforms must register gig workers for SOCSO, deduct 1.25% per task, and face RM50,000 fines. Coverage starts at first task and lasts a year even if bookings pause.

small-business
payroll
compliance
Mastercard's Specialty Merchant Registration Overhaul, Explained: What the $1,000 Fee Plus Per-Transaction Charges Mean for High-Risk Merchants in 2026
·mike

Mastercard's Specialty Merchant Registration Overhaul, Explained: What the $1,000 Fee Plus Per-Transaction Charges Mean for High-Risk Merchants in 2026

Mastercard doubled the specialty merchant registration fee to ~$1,000 May 1 2026, plus $0.02 per transaction and 0.10% of sales weekly. Learn who is covered and how to stay off the program.

small-business
payments
compliance
Medical Courier Bookkeeping: HIPAA Business Associate Agreements, Per-Stop Pricing, and the Route Economics Most Couriers Miss
·mike

Medical Courier Bookkeeping: HIPAA Business Associate Agreements, Per-Stop Pricing, and the Route Economics Most Couriers Miss

Medical couriers are business associates, not conduits, under HIPAA. Learn the BAA requirement, per-stop pricing math, and route economics for STAT vs. scheduled runs.

small-business
bookkeeping
operations
New Jersey's Final ABC Test Rule Takes Effect October 1, 2026: What the Codified Three-Prong Test Means for Independent Contractor Classification
·mike

New Jersey's Final ABC Test Rule Takes Effect October 1, 2026: What the Codified Three-Prong Test Means for Independent Contractor Classification

NJDOL adopted final ABC test regulations May 5, 2026, effective Oct 1, 2026. Learn the codified A-B-C prongs, what the final rule scaled back, and the reclassification workflow.

small-business
payroll
compliance
New Jersey Just Cut Its Business Formation Fees by $25: What the $100 Formation Fee Means for LLCs and Nonprofits in 2026
·mike

New Jersey Just Cut Its Business Formation Fees by $25: What the $100 Formation Fee Means for LLCs and Nonprofits in 2026

New Jersey cut formation fees from $125 to $100 (nonprofits $75 to $50) July 1, 2026 via Amato bill. Learn what filings it covers, annual report still $75, and how to file.

small-business
business-structure
financial-management
New York Expanded Wage Theft Enforcement in 2026: Liens, Seizures, and Stop-Work Orders Employers Must Understand
·mike

New York Expanded Wage Theft Enforcement in 2026: Liens, Seizures, and Stop-Work Orders Employers Must Understand

Governor Hochul's FY2025-26 budget gave NYSDOL power to lien property, seize assets, and issue stop-work orders for unpaid wage-theft judgments — what it means for employers.

small-business
payroll
compliance
Nonbank Lenders for Small Businesses: 5 Options When Banks Say No, and What They Really Cost
·mike

Nonbank Lenders for Small Businesses: 5 Options When Banks Say No, and What They Really Cost

77% of small business bank loan applications are rejected — 5 nonbank alternatives (Accion, fintech, CDFIs) with faster funding but higher disclosure and cost trade-offs.

small-business
financing
loans
One Remote Hire, Five New Obligations: How Multi-State Payroll Tax Nexus Actually Triggers the Moment You Hire Outside Your Home State in 2026
·mike

One Remote Hire, Five New Obligations: How Multi-State Payroll Tax Nexus Actually Triggers the Moment You Hire Outside Your Home State in 2026

A single remote employee creates payroll tax nexus — no revenue threshold. Learn the five obligations that trigger day one, how withholding follows work location, and the registration and filing steps for 2026.

small-business
payroll
tax-compliance
Pakistan Just Extended Its 0.25% Tax Rate for IT Freelancers to 2029: What Section 65F and the PSEB Registration Requirement Actually Mean for Exporters
·mike

Pakistan Just Extended Its 0.25% Tax Rate for IT Freelancers to 2029: What Section 65F and the PSEB Registration Requirement Actually Mean for Exporters

Pakistan extended the 0.25% final tax for PSEB-registered IT exporters to June 30, 2029. Learn the 1% vs 0.25% vs 0% tiers, the 80% remittance rule, and why PSEB registration is the gateway.

small-business
tax-compliance
international-tax
Payday Super Starts July 1, 2026: What Australian Employers Must Pay on Payday, Not Quarterly
·mike

Payday Super Starts July 1, 2026: What Australian Employers Must Pay on Payday, Not Quarterly

From July 1 2026 Australia's Payday Super requires super paid with wages and received within 7 business days — not quarterly. Who, when, and how to prepare.

small-business
payroll
compliance
Personal Training and Fitness Studio Bookkeeping: Reconciling Membership Platforms, Class-Pack Deferred Revenue, and the Package Profit Margins Most Trainers Never Calculate
·mike

Personal Training and Fitness Studio Bookkeeping: Reconciling Membership Platforms, Class-Pack Deferred Revenue, and the Package Profit Margins Most Trainers Never Calculate

Fitness studios collect cash upfront for memberships and class packs but earn it over weeks. Learn how to reconcile Mindbody and Stripe, track deferred revenue correctly, and calculate the true margin on personal training packages.

small-business
bookkeeping
fitness
Peru's 18% VAT on Foreign Platforms, Explained: What Upwork, Fiverr, and Other Marketplaces Now Withhold and What Freelancers Must Still File
·mike

Peru's 18% VAT on Foreign Platforms, Explained: What Upwork, Fiverr, and Other Marketplaces Now Withhold and What Freelancers Must Still File

Peru's 18% IGV on foreign digital services took effect Dec 1, 2024 via Legislative Decree 1623. Learn when Upwork and Fiverr must withhold, how SUNAT's Supreme Decree 157-2024 works, and what Peruvian freelancers must still file.

small-business
tax-compliance
international-tax
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