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Mike Thrift

Marketing Manager

3174 postsView all authors
House Cleaning Franchise Bookkeeping: How to Track Royalty Fees, Ad Funds, and Multi-Territory P&Ls
·mike

House Cleaning Franchise Bookkeeping: How to Track Royalty Fees, Ad Funds, and Multi-Territory P&Ls

Cleaning franchise royalty (4–8%) and ad fund (1–3%) fees are calculated on gross sales — before discounts and comp cleans — and the total franchise fee load commonly runs 12–15% of revenue. Here's how to book royalties, brand fund contributions, and per-territory P&Ls correctly, with a worked $95,000/month reconciliation example.

franchise-bookkeeping
bookkeeping
small-business
Bookkeeping for House-Sitting Businesses: Per-Night Rates, Deposits, and Key Liability
·mike

Bookkeeping for House-Sitting Businesses: Per-Night Rates, Deposits, and Key Liability

House sitters typically charge $50–$150 per night for overnight stays and $250–$500 weekly, but a deposit collected before a sit begins is unearned revenue, not income, until the stay is completed or the cancellation window passes.

small-business
bookkeeping
self-employment-tax
Ireland's Budget 2026: What the VAT Cut and New Reliefs Actually Mean for Small Business Owners
·mike

Ireland's Budget 2026: What the VAT Cut and New Reliefs Actually Mean for Small Business Owners

Ireland cut VAT on food, catering, and hairdressing from 13.5% to 9% on July 1, 2026, raised the entrepreneur relief cap to €1.5M, and boosted the R&D credit to 35% — but the minimum wage hike to €14.15 and pension auto-enrolment landed six months earlier. Here's what each change means for small business books.

tax
small-business
restaurant
Jobber vs. Housecall Pro vs. ServiceTitan: Which Field Service Software Fits Your Business Size?
·mike

Jobber vs. Housecall Pro vs. ServiceTitan: Which Field Service Software Fits Your Business Size?

Jobber ($25–$249/month) fits growing teams of 5–20 technicians, Housecall Pro ($49–$300+/month) suits solo operators under $500K revenue, and ServiceTitan's 5–10× higher cost only pays off past $2M or multiple locations. Here's how to match the platform to your current size — and the per-job fees, data lock-in, and paywalled support to check before signing.

trades
small-business
saas
Kentucky Drops the 200-Transaction Sales Tax Rule: What the Revenue-Only Nexus Threshold Means for Online Sellers
·mike

Kentucky Drops the 200-Transaction Sales Tax Rule: What the Revenue-Only Nexus Threshold Means for Online Sellers

Kentucky HB 757 eliminates the state's 200-transaction economic nexus threshold effective August 1, 2026, leaving a $100,000 revenue-only test — joining Alaska, Utah, and Illinois in a broader multi-state shift away from transaction-count triggers.

sales-tax
nexus
e-commerce
Know Your Business (KYB): What Banks Actually Require to Open a Business Account in 2026
·mike

Know Your Business (KYB): What Banks Actually Require to Open a Business Account in 2026

FinCEN's 2025 rule change exempted domestic U.S. companies from filing beneficial ownership reports with the government, but banks still must verify beneficial owners under the CDD Rule at account opening — a one-time cost per bank since February 2026's exceptive relief, not a repeat process for every new account.

banking
compliance
business-structure
Bookkeeping for Legal Document Assistants: Bonds, Trust Funds, and Flat-Fee Revenue
·mike

Bookkeeping for Legal Document Assistants: Bonds, Trust Funds, and Flat-Fee Revenue

California requires Legal Document Assistants to register with a county clerk, post a $25,000 surety bond, and pass one of four education-or-experience tests before charging clients — a licensing and revenue-recognition setup that trips up most first-time LDA owners' books.

legal
licenses
bookkeeping
Maine's 2026 Streaming Tax: What Netflix, Spotify, and Podcast Sellers Must Collect
·mike

Maine's 2026 Streaming Tax: What Netflix, Spotify, and Podcast Sellers Must Collect

Maine now applies its 5.5% sales tax to streaming video, music, audiobook, and podcast subscriptions as of January 1, 2026, with economic nexus triggered at $100,000 in revenue from Maine customers.

sales-tax
tax-compliance
nexus
Maryland and Washington Now Tax B2B Tech Services: What Sellers Owe in 2026
·mike

Maryland and Washington Now Tax B2B Tech Services: What Sellers Owe in 2026

Maryland's 3% tech-services tax (effective July 1, 2025) and Washington's ESSB 5814 (effective October 1, 2025) made IT consulting, custom software, data processing, and digital advertising taxable — even for out-of-state sellers past economic nexus thresholds. Here's what's taxable, the contract-renewal trap, and a compliance checklist.

tax
tax-compliance
compliance
Med Spa Bookkeeping: Why Packages, Gift Cards, and Memberships Aren't Revenue Yet
·mike

Med Spa Bookkeeping: Why Packages, Gift Cards, and Memberships Aren't Revenue Yet

Med spas that book prepaid packages, gift cards, and membership fees as revenue at the point of sale overstate income and understate the deferred-revenue liability they owe clients — with the U.S. med spa industry at roughly $21.4 billion in 2026 and package sales now about 29% of client spending, the resulting distortion can turn a strong bank balance into an unexplained cash crunch two months later.

bookkeeping
revenue-recognition
accrual-accounting
Mobile Sauna and Cold Plunge Rental Bookkeeping: Depreciation, Deferred Revenue, and Cash Flow
·mike

Mobile Sauna and Cold Plunge Rental Bookkeeping: Depreciation, Deferred Revenue, and Cash Flow

A mobile sauna trailer can gross $400–$1,000 per booking, but operators fail on the accounting, not the demand. How to handle Section 179 depreciation on a sauna trailer, deferred revenue from session packs and memberships, per-session contribution margin, and the 13-week cash flow forecast that keeps a seasonal rental fleet solvent.

bookkeeping
small-business
seasonal-business
NAR's $52.25M Tuccori Settlement: What It Means for Real Estate Agent Bookkeeping
·mike

NAR's $52.25M Tuccori Settlement: What It Means for Real Estate Agent Bookkeeping

NAR's $52.25 million Tuccori settlement, approved April 10, 2026, doesn't change buyer-agent commission rules — it makes the August 2024 Sitzer/Burnett practice changes permanent, so agents must book gross commission across multiple funding sources rather than treating deposits as a single income line.

real-estate
bookkeeping
tax
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