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Mike Thrift

Marketing Manager

3845 postsView all authors
You Bought a Micro-SaaS, Not Software: Purchase Price Allocation and the 15-Year Section 197 Rule
·mike

You Bought a Micro-SaaS, Not Software: Purchase Price Allocation and the 15-Year Section 197 Rule

Software acquired as part of buying a business amortizes over 15 years under IRC Section 197 — not the 36 months standalone software gets. How to allocate a micro-SaaS purchase price across the seven IRS asset classes, agree on Form 8594 with your seller, and record it in a plain-text ledger.

business-acquisition
buying-a-business
saas
How Should States Tax Partnership Income? Inside the MTC's Blended Apportionment Proposal
·mike

How Should States Tax Partnership Income? Inside the MTC's Blended Apportionment Proposal

The Multistate Tax Commission's January 2026 white paper proposes a "blended" apportionment method that folds a partnership's sales, property, and payroll factors into each partner's own state tax calculation. Because states currently split between aggregate and entity sourcing theories, the same partnership dollar can be taxed twice — or not at all. Here's what multistate partnerships and multi-member LLCs should track now.

tax
multi-state-tax
partnerships
Your Amended Business Tax Return Now Takes Over a Year to Process — Here's Why, and How to Protect Your Cash Flow
·mike

Your Amended Business Tax Return Now Takes Over a Year to Process — Here's Why, and How to Protect Your Cash Flow

The National Taxpayer Advocate's 2025 Annual Report to Congress found the IRS took over 13 months on average to process 1.6 million business amended returns, after a 27% workforce cut left the Small Business/Self-Employed division down nearly 38%. Here's what the report says and six concrete steps to shield your cash flow.

tax
tax-compliance
small-business
The Netherlands Is Cutting the Zelfstandigenaftrek Again: What ZZP Freelancers Should Budget for in 2026 and 2027
·mike

The Netherlands Is Cutting the Zelfstandigenaftrek Again: What ZZP Freelancers Should Budget for in 2026 and 2027

The Dutch zelfstandigenaftrek drops from €2,470 in 2025 to €1,200 in 2026 and €900 in 2027 — an 88% reduction since 2020's €7,280. For a ZZP freelancer with €50,000 profit, the 2026 cut alone adds roughly €400–€480 in tax, compounded by the MKB-winstvrijstelling falling to 12.70%. Here's the full phase-down schedule and five concrete budgeting steps.

tax
tax-deductions
tax-planning
The NLRB Joint-Employer Standard Reverted in 2026: What It Means for Staffing, Franchise, and Subcontractor Arrangements
·mike

The NLRB Joint-Employer Standard Reverted in 2026: What It Means for Staffing, Franchise, and Subcontractor Arrangements

On February 25, 2026, the NLRB withdrew its 2023 joint-employer rule and reinstated the 2020 standard, which requires actual "substantial, direct, and immediate control" over eight essential employment terms. Here is what the reversal means for businesses using staffing agencies, franchise agreements, or subcontractors — and the practical steps to limit exposure.

compliance
legal
small-business
QLACs in 2026: How the $210,000 Qualifying Longevity Annuity Contract Limit Shrinks Your RMDs
·mike

QLACs in 2026: How the $210,000 Qualifying Longevity Annuity Contract Limit Shrinks Your RMDs

A QLAC lets you move up to $210,000 — the 2026 SECURE 2.0 lifetime limit — from a traditional IRA, SEP-IRA, or 401(k) into a deferred annuity the IRS excludes from RMD calculations until payments start, as late as age 85. Here are the rules, a worked example, and the break-even math showing when to skip it.

retirement-planning
tax-planning
ira
The Roth Catch-Up Mandate Arrives: 2026 401(k) Rules for High Earners and Business Owners
·mike

The Roth Catch-Up Mandate Arrives: 2026 401(k) Rules for High Earners and Business Owners

Starting January 1, 2026, SECURE 2.0's Section 603 requires workers 50 and older with over $150,000 in prior-year FICA wages from the same employer to make 401(k) catch-up contributions — $8,000 standard, $11,250 for ages 60–63 — as after-tax Roth. Plans without a Roth option must amend by December 31, 2026 or bar catch-ups entirely; W-2 S-corp owners are in scope while K-1 partners are not.

401k
retirement-plans
tax-planning
The SBA Just Sunset the SBSS Score — How 7(a) Small Loan Underwriting Works Now
·mike

The SBA Just Sunset the SBSS Score — How 7(a) Small Loan Underwriting Works Now

As of March 1, 2026, the SBA eliminated the mandatory FICO SBSS score prescreen for 7(a) Small Loans of $350,000 or less, replacing the single national cutoff (most recently 165) with lender-specific credit models and a new 1.1x minimum debt service coverage ratio — here's what changed, why approval criteria now vary by bank, and how to prepare your financials before applying.

sba
sba-loans
small-business-loans
Shadow AI on the Corporate Card: The Spend Category Your Books Are Missing
·mike

Shadow AI on the Corporate Card: The Spend Category Your Books Are Missing

Shadow AI usage has grown 156% since 2023, and unsanctioned AI tools sit on company cards an average of 400+ days before detection. A practical guide for small businesses on finding unapproved ChatGPT, Jasper, and Perplexity charges, plus a five-step quarterly AI spend audit.

ai
expense-management
small-business
Texas R&D Franchise Tax Credit Jumps to 8.722% — and Becomes Refundable for Small Businesses in 2026
·mike

Texas R&D Franchise Tax Credit Jumps to 8.722% — and Becomes Refundable for Small Businesses in 2026

Effective January 1, 2026, Texas SB 2206 raises the R&D franchise tax credit from 5% to 8.722% (10.903% for university-partnered research), makes it refundable in cash for businesses under $2.65M revenue and new veteran-owned businesses, aligns definitions with federal Form 6765, and repeals the R&D equipment sales tax exemption.

tax-credits
tax
small-business
Trump Account Gift Tax Rules: The IRS Safe Harbor That Spares Most Families From Form 709
·mike

Trump Account Gift Tax Rules: The IRS Safe Harbor That Spares Most Families From Form 709

IRS Revenue Procedure 2026-25 (June 29, 2026) creates a gift tax safe harbor for Trump Account contributions: individual donors whose total gifts to a child stay under the $19,000 annual exclusion owe no Form 709 filing, resolving the future-interest question raised by the accounts' lock-up until age 18.

tax
tax-planning
tax-compliance
Washington Just Doubled the B&O Tax Filing Threshold — Here's What Actually Changes for Your Business
·mike

Washington Just Doubled the B&O Tax Filing Threshold — Here's What Actually Changes for Your Business

Effective July 1, 2026, Washington raised the B&O tax filing threshold from $125,000 to $250,000 in annual gross income and increased the small business credit caps to $375/month for service businesses and $125/month for nonservice businesses — here's who can stop filing, who still owes nothing, and what obligations remain.

tax
tax-compliance
tax-credits
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