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Mike Thrift

Marketing Manager

Fix Your Own 401(k) Mistakes: A Small Business Guide to IRS Self-Correction

EPCRS gives small business 401(k) sponsors three ways to fix plan mistakes — self-correction with no fee, no filing, and no IRS contact through the third plan year for significant errors, a voluntary filing with IRS approval, or a negotiated closing agreement on audit — with standard fixes for late deferral deposits, missed eligible employees, plan loan failures, and missed RMDs.

Product Liability Insurance for Online Sellers: What Dropshippers and Amazon FBA Merchants Actually Need

Online sellers, dropshippers, and Amazon FBA merchants sit inside the strict-liability distribution chain even when they never touch the goods. This guide covers Amazon's $1 million insurance requirement, the gaps standard policies leave — recalls, fines, claims-made traps — and the bookkeeping records that make an eighteen-month-old claim survivable.

Rent-to-Own Store Accounting: How to Classify the Lease, Book Repossessions, and Track the Fleet

Most week-to-week rent-to-own agreements are operating leases, not credit sales — the unit stays on your books as depreciating rental inventory, each payment splits into lease revenue, bundled services, and fees, and a repossession is a status change rather than a gain or loss. Covers lease-versus-sale classification, repossession entries, doubtful-rent allowances, and the payout math that decides whether a unit makes money.

Anyone Can File a Fake UCC Lien Against Your Business. Rhode Island's SB 3212 Just Changed the Rules.

Rhode Island's SB 3212, signed in June 2026, lets business owners remove fraudulent UCC filings through an administrative complaint, authorizes the Department of State to refuse suspicious filings, and requires misleading "annual report" solicitation letters to disclose that they are advertisements. The same defenses — quarterly UCC searches, entity-record checks, and fee verification — work in every state.

How Small Businesses Are Actually Priced in 2026: SDE Multiples, Explained Before You List or Buy

Main street businesses are priced as Seller's Discretionary Earnings times a multiple — an all-sector average of 2.57x, ranging from 1.39x for dollar stores to 4.99x for car washes. Here is how SDE is calculated, which add-backs survive buyer diligence, why the multiple ladder moves, and how 2026 SBA lending rules reshape deal structure.