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Mike Thrift

Marketing Manager

3174 postsView all authors
California Just Started Taxing SaaS: What Software Sellers Need to Know Before January 1, 2027
·mike

California Just Started Taxing SaaS: What Software Sellers Need to Know Before January 1, 2027

California's SB 122, signed June 29, 2026, extends sales and use tax (7.25% state rate plus local add-ons) to prewritten software and SaaS starting January 1, 2027. Custom software and cloud infrastructure like AWS stay exempt; sellers over 5 million dollars in digital receipts shift collection to purchasers. Here is what's taxable, how billing-address sourcing works, and a compliance checklist.

sales-tax
saas
california
California's SB 68 Allergen Disclosure Law: A July 2026 Compliance Checklist for Restaurant Chains
·mike

California's SB 68 Allergen Disclosure Law: A July 2026 Compliance Checklist for Restaurant Chains

California's SB 68 (the ADDE Act) requires restaurant chains with 20+ locations and at least one California site to disclose the nine major food allergens on every menu format starting July 1, 2026, with civil liability rather than regulatory fines as the primary enforcement risk.

restaurant
compliance
legal
Can You Trust ChatGPT With Your Small Business Taxes? What a 2026 Head-to-Head AI Test Found
·mike

Can You Trust ChatGPT With Your Small Business Taxes? What a 2026 Head-to-Head AI Test Found

NerdWallet's 2026 test of ChatGPT, Gemini, and Perplexity found all three chatbots nearly aced IRS exam-style tax questions but made costly errors on personalized advice — misstating the standard deduction by nearly $3,000, claiming an ineligible EV credit, and recommending the wrong filing state — showing AI is reliable for factual lookups but not for case-specific tax decisions.

ai
tax
tax-preparation
Cat Cafe Accounting: Why Admission, Coffee, and Adoption Fees Need Separate Revenue Lines
·mike

Cat Cafe Accounting: Why Admission, Coffee, and Adoption Fees Need Separate Revenue Lines

Cat cafes run three distinct revenue streams — lounge admission, food and beverage, and pass-through pet adoption fees — that need separate accounting treatment because admission is often non-taxable, F&B is taxable, and adoption fees legally belong to the rescue partner as a liability, not cafe revenue.

bookkeeping
accounting-basics
small-business
Congress Killed the $5 Overdraft Fee Cap. Here's What It Actually Costs Your Business Now
·mike

Congress Killed the $5 Overdraft Fee Cap. Here's What It Actually Costs Your Business Now

Congress repealed the CFPB's $5 overdraft fee cap via the Congressional Review Act in May 2025, before it ever took effect — large banks now charge $10 to $36 per overdraft and collected over $12 billion in overdraft and NSF revenue in a year. Here's what the repeal means for small business bank accounts, which states are stepping in, and five concrete ways to stop paying the fee.

banking
business-banking
small-business
Check Washing Is Back: How to Protect Your Small Business's Accounts Payable From Mail Theft Fraud
·mike

Check Washing Is Back: How to Protect Your Small Business's Accounts Payable From Mail Theft Fraud

Check fraud losses hit roughly $21 billion in 2023 and mail-receptacle theft rose 139% between FY2019 and FY2023. This guide covers the accounts-payable controls that actually stop check washing — positive pay, weekly reconciliation inside the UCC 4-406 window, gel ink, and separating check-writing from reconciliation.

fraud-prevention
accounts-payable
small-business
Chimney Sweep Business Bookkeeping: Surviving a Five-Month Season on a Twelve-Month Budget
·mike

Chimney Sweep Business Bookkeeping: Surviving a Five-Month Season on a Twelve-Month Budget

Chimney sweep businesses earn 60-70% of annual revenue in a five-month window (September-January), so reserve fund planning, per-service-line margin tracking, and the IRS annualized income installment method for estimated taxes matter more than they do for evenly-billed businesses.

chimney-sweep
seasonal-business
small-business
Comic Book and Trading Card Shop Bookkeeping: Why Your Inventory Isn't Really Your Inventory
·mike

Comic Book and Trading Card Shop Bookkeeping: Why Your Inventory Isn't Really Your Inventory

How comic and TCG shops should book consignment splits, buylist store credit, and graded-card cost basis — consigned goods stay off the balance sheet, store credit is a liability until redeemed, and high-value singles need specific identification, not average costing. Plus where the IRS draws the hobby-vs-dealer line, from the nine-factor §1.183-2(b) test to the 28% collectibles rate.

bookkeeping
small-business
inventory
Commercial Property Insurance Non-Renewal: The Climate Risk Crunch Hitting Small Business
·mike

Commercial Property Insurance Non-Renewal: The Climate Risk Crunch Hitting Small Business

Commercial property insurers are raising premiums, cutting coverage, and non-renewing policies in wildfire, flood, and hurricane-exposed areas — this guide explains why it's happening and outlines seven concrete steps small business owners can take before their next renewal notice arrives.

insurance
business-insurance
risk-management
Connecticut's July 2026 Business Laws: All-In Pricing, Right-to-Repair, and a Lower Data Privacy Threshold
·mike

Connecticut's July 2026 Business Laws: All-In Pricing, Right-to-Repair, and a Lower Data Privacy Threshold

Connecticut's July 1, 2026 laws require all-in advertised pricing, give independent repair shops manufacturer-level access to parts and documentation, and drop the CTDPA's coverage threshold to 35,000 residents with no-threshold triggers for sensitive data and data sales.

compliance
legal
small-business
Connecticut's Paid Sick Leave Law Now Covers 11+ Employees: What Changed in 2026
·mike

Connecticut's Paid Sick Leave Law Now Covers 11+ Employees: What Changed in 2026

Connecticut's paid sick leave law now covers employers with 11 or more employees as of January 1, 2026, dropping to zero threshold by 2027, while 17 states plus D.C. mandate some form of paid sick leave with accrual typically at one hour per 30 hours worked.

small-business
compliance
payroll
The CPSC eFiling Mandate: What Small Importers Need to Know Now
·mike

The CPSC eFiling Mandate: What Small Importers Need to Know Now

Starting July 8, 2026, the CPSC requires importers to eFile certificate-of-compliance data directly into CBP's ACE system for every regulated shipment, with violations risking penalties up to $120,500 per infraction.

compliance
e-commerce
small-business
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