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Mike Thrift

Marketing Manager

3848 postsView all authors
How Small Business Owners Can Harvest Long-Term Capital Gains at 0% in 2026
·mike

How Small Business Owners Can Harvest Long-Term Capital Gains at 0% in 2026

In 2026, the 0% federal long-term capital gains rate applies up to $49,450 of taxable income for single filers and $98,900 for joint filers. This guide shows small business owners how to forecast taxable income, size a year-end gain harvest with the stacking rule, and avoid the basis, holding-period, and estimated-tax mistakes that turn a 0% plan into a tax bill.

capital-gains
tax-planning
small-business
Before an AI Assistant Touches Your Books: A Small-Business Control Plan
·mike

Before an AI Assistant Touches Your Books: A Small-Business Control Plan

Set least-privilege access, human approval gates on money movement, and an audit trail that links each action to its evidence before an AI assistant creates financial drafts, changes records, or touches a payment workflow.

ai
automation
bookkeeping
Amazon’s 75-Character Title Rule: A Seller’s Listing-Cleanup Workflow
·mike

Amazon’s 75-Character Title Rule: A Seller’s Listing-Cleanup Workflow

Amazon limits most non-media product titles to 75 characters and adds a 125-character Item Highlights field. This workflow shows sellers how to inventory the catalog, decide what stays in the title, log every edit, and reconcile listing changes to SKU-level books.

amazon
e-commerce
inventory
Carnival FY2026 Q2 Earnings: The $9.0B Liability That Makes the Demand Story
·mike

Carnival FY2026 Q2 Earnings: The $9.0B Liability That Makes the Demand Story

Carnival's FY2026 Q2 revenue rose 5.3% to $6.66B while operating income fell 8.9% — fuel cost per metric ton jumped 29% to $793 and net income slipped to $539M. Customer deposits reached $9.0B, cash-backed proof of booked demand that is still a refundable liability sitting against $23.4B of long-term debt. Every figure traced line by line in a public Beancount ledger covering FY2021 through Q2 FY2026.

financial-reporting
financial-analysis
open-ledger
Comedy Club Bookkeeping: How to Track Door Splits, Minimums, and Private Events
·mike

Comedy Club Bookkeeping: How to Track Door Splits, Minimums, and Private Events

A show-level bookkeeping system for comedy clubs — separate ticket, drink-minimum, and food revenue, settle performers from a written door-split formula, hold sales tax and tips as liabilities, and defer private-event deposits until the show is delivered.

bookkeeping
small-business
creative-industries
Employee Cash Advances: Record Repayment Without Creating Hidden Compensation
·mike

Employee Cash Advances: Record Repayment Without Creating Hidden Compensation

Classify an employee advance as a wage payment, business-expense advance, or personal loan before the cash leaves the bank, route it through one Assets:Employee-Advances clearing account, and reconcile the open balance every pay run so it never becomes hidden compensation.

payroll
bookkeeping
accounts-receivable
EU Platform Work Directive Deadline: What US Businesses Hiring European Freelancers Must Do Before December 2, 2026
·mike

EU Platform Work Directive Deadline: What US Businesses Hiring European Freelancers Must Do Before December 2, 2026

The EU Platform Work Directive (2024/2831) must become national law in all member states by December 2, 2026, creating a rebuttable presumption that platform workers are employees. US businesses hiring EU-based freelancers through digital platforms face reclassification risk, algorithmic transparency duties, and new data-processing bans — this guide covers the six pillars, a 10-month compliance playbook, and the bookkeeping changes to make now.

compliance
freelance
independent-contractor
Feed Store Inventory Accounting: How to Cost Bulk Feed, Bagged SKUs, and Freight Without Losing the Margin
·mike

Feed Store Inventory Accounting: How to Cost Bulk Feed, Bagged SKUs, and Freight Without Losing the Margin

A feed store guide to costing bulk feed and bagged SKUs at delivered cost—allocating inbound freight, choosing FIFO or weighted average, counting bulk bins to expose shrink, and reconciling the inventory subledger monthly.

inventory
bookkeeping
small-business
Gift Card Breakage and Unclaimed Property: A Retailer's Practical Guide
·mike

Gift Card Breakage and Unclaimed Property: A Retailer's Practical Guide

An unredeemed gift card stays a customer liability until the facts support otherwise. This guide shows retailers how to book gift cards as deferred revenue, reconcile balances monthly, recognize breakage as a defensible estimate, and preserve the card-level data that state unclaimed-property (escheatment) filings require.

gift-cards
unclaimed-property
deferred-revenue
Government Contractor Bookkeeping: A Practical Cost-Reimbursement Readiness Guide
·mike

Government Contractor Bookkeeping: A Practical Cost-Reimbursement Readiness Guide

A step-by-step readiness guide for cost-reimbursement contractors—how to build a traceable chart of accounts, run labor charging as a daily control, calculate indirect rates, and produce an invoice package reproducible from your books, with a 60-day plan.

government-contracting
bookkeeping
compliance
Guatemala's Q500,285 Small-Taxpayer Ceiling: A 2026 Bookkeeping Guide for Freelancers and Small Shops
·mike

Guatemala's Q500,285 Small-Taxpayer Ceiling: A 2026 Bookkeeping Guide for Freelancers and Small Shops

Guatemala's 2026 Régimen de Pequeño Contribuyente ceiling is Q500,285 in gross invoiced sales. This guide shows freelancers and small shops how to track year-to-date invoices, reconcile every payment channel, and forecast a regime change before crossing the line.

bookkeeping
small-business
tax-compliance
Mailbox Store Bookkeeping: Box Rent, Postage Advances, and Customer Funds
·mike

Mailbox Store Bookkeeping: Box Rent, Postage Advances, and Customer Funds

In a mailbox store or CMRA, record prepaid mailbox rent as deferred revenue and customer postage as a liability until it is spent, reconcile the customer-balance subledger to the general ledger monthly, and set retention rules from USPS and IRS requirements.

bookkeeping
small-business
deferred-revenue
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