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Mike Thrift

Marketing Manager

3848 postsView all authors
Setting Up Google Analytics 4 Conversions: A Small Business Owner's Guide to Knowing Which Marketing Actually Works
·mike

Setting Up Google Analytics 4 Conversions: A Small Business Owner's Guide to Knowing Which Marketing Actually Works

GA4 tracks events by default but reports zero conversions until you manually flag key events — a 30-minute fix. This guide covers the event → key event → conversion chain, which events to track by business type, the last-click attribution trap, and tying channel data back to your books.

analytics
small-business
metrics
IRS Raises the Business Mileage Rate to 76 Cents Mid-Year: How to Handle a Split-Rate 2026
·mike

IRS Raises the Business Mileage Rate to 76 Cents Mid-Year: How to Handle a Split-Rate 2026

Effective July 1, 2026, the IRS raised the standard business mileage rate from 72.5 to 76 cents per mile — only its second mid-year change since 2011. Here's how the split-rate year affects your deduction, what your mileage log must show, and when the new rate applies to reimbursements.

tax
tax-deductions
self-employment
New Jersey's Medicaid Employer Assessment (A5324): What the First-in-the-Nation Law Means for Your Payroll
·mike

New Jersey's Medicaid Employer Assessment (A5324): What the First-in-the-Nation Law Means for Your Payroll

New Jersey's A5324, effective July 1, 2026, bills employers $325–$725 per year for each Medicaid-enrolled employee or dependent once 50 or more are enrolled — matched by the state, not self-reported. Here is how the tiered fees work, which workers are exempt now and in 2027, and how to prepare your books for a bill you didn't calculate.

payroll
compliance
tax
Olive Oil Mill Bookkeeping: Custom Crush Fees, Yield-Driven COGS, and the Harvest Cash Cliff
·mike

Olive Oil Mill Bookkeeping: Custom Crush Fees, Yield-Driven COGS, and the Harvest Cash Cliff

How to keep books for an olive oil mill that earns most of its revenue in a six-to-ten-week harvest window — separating custom-crush milling fees from own-label inventory accounting, tracking extraction yields that swing from 50 to 200 pounds of olives per gallon, valuing bulk oil in tank storage, and handling Schedule F, cash-method, and UNICAP tax questions.

bookkeeping
farming
small-business
Pay by Bank: How Open Banking Invoice Payments Cut Card Fees for Small Businesses
·mike

Pay by Bank: How Open Banking Invoice Payments Cut Card Fees for Small Businesses

Sage and GoCardless's new "Pay by Bank" invoicing feature cuts small-business transaction costs by roughly 54% versus card payments by moving money directly bank-to-bank, and QuickBooks and Stripe already offer similar ACH-based alternatives in the US.

payments
fintech
invoicing
The Quick Ratio (Acid-Test Ratio): The One Number That Catches a Cash Crunch Before It Happens
·mike

The Quick Ratio (Acid-Test Ratio): The One Number That Catches a Cash Crunch Before It Happens

The quick ratio (acid-test ratio) strips inventory and prepaid expenses from current assets to test whether cash, receivables, and marketable securities alone can cover current liabilities. Includes the formula, a worked example where a 2.5 current ratio hides a 1.0 quick ratio, industry benchmarks, and the aged-receivables blind spot.

financial-ratios
financial-health
cash-flow
Quiet Quitting in 2026: What Employee Disengagement Costs Your Small Business
·mike

Quiet Quitting in 2026: What Employee Disengagement Costs Your Small Business

U.S. employee engagement sits at just 32% in 2026, and Gallup estimates disengagement costs the global economy $8.9–$10 trillion a year. Here is how small-business owners can recognize the warning signs of quiet quitting, why replacing an employee runs 50–200% of their salary, and which management levers — clarity, recognition, and growth — actually re-engage a team.

small-business
workforce-management
productivity
Rolling Forecast vs. Annual Budget: Which Should a Small Business Use?
·mike

Rolling Forecast vs. Annual Budget: Which Should a Small Business Use?

A rolling forecast replaces each closed month with actuals and adds a new month to a fixed 12-month window, so plans never go stale. About 42% of organizations use one (AFP), most alongside — not instead of — an annual budget, and combined approaches improve planning accuracy 25–30%. Here's how the mechanism works, the mistakes to avoid, and a six-step build guide.

forecasting
budgeting
financial-planning
Section 174 R&D Capitalization in 2026: Why Small Businesses Must Amortize Research Costs Over 5 Years and How OBBBA's Retroactive Fix Changes the Math
·mike

Section 174 R&D Capitalization in 2026: Why Small Businesses Must Amortize Research Costs Over 5 Years and How OBBBA's Retroactive Fix Changes the Math

Since 2022 research costs must be capitalized over 5 years — software included — midpoint in year one. Track domestic vs foreign, build the amortization schedule, and be ready for OBBBA's retroactive expensing.

tax-compliance
small-business
finance
Ski Resort Bookkeeping: How to Account for Season Pass Deferred Revenue
·mike

Ski Resort Bookkeeping: How to Account for Season Pass Deferred Revenue

Season pass cash collected in September is a liability, not income. This guide covers ASC 606 deferred revenue for ski resorts: the debit-cash-credit-deferred-revenue entry, straight-line vs. usage-based recognition, weather-driven refund reserves, and the four bookkeeping mistakes small ski operations make most.

bookkeeping
accounting
accrual-accounting
How Sports Card and Collectibles Reselling Is Taxed: The 28% Rate, Cost Basis, and the IRS's Three Buckets
·mike

How Sports Card and Collectibles Reselling Is Taxed: The 28% Rate, Cost Basis, and the IRS's Three Buckets

Collectibles like sports cards are taxed at a maximum 28% long-term capital gains rate under IRC Section 408(m) — higher than the 15–20% most stock investors pay. Whether you owe that rate, ordinary income rates up to 37%, or can deduct grading and shipping fees depends on whether the IRS sees you as a hobbyist, investor, or dealer. Here's how the classification works, what belongs in your cost basis, and why a 1099-K doesn't change what you owe.

tax
capital-gains
tax-compliance
The Rule of 72: The Mental-Math Shortcut Every Business Owner Should Use Before Investing Retained Earnings
·mike

The Rule of 72: The Mental-Math Shortcut Every Business Owner Should Use Before Investing Retained Earnings

Divide 72 by an annual rate and you get the approximate years for money to double: $50,000 at 9% doubles in 8 years, while a 24% credit card balance doubles what you owe in 3. How business owners can use the Rule of 72 to compare investments, price debt, and gauge inflation's drag on idle cash.

small-business
financial-literacy
financial-planning
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