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Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

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Qualified Sponsorship Payments vs. Advertising: How Nonprofits Keep Sponsor Dollars Out of UBIT

A qualified sponsorship payment is tax-free under IRC Section 513(i), while advertising revenue is taxed at the 21% UBIT rate and triggers Form 990-T once unrelated business income reaches $1,000. This guide draws the acknowledgment-versus-advertising line the regulations use — qualitative language, price claims, exclusive-provider clauses, periodical placements, contingent amounts, and the 2% de minimis threshold for return benefits — and gives an eight-step screen to run before signing a sponsor contract.

mike

nonprofittax-compliancefundraising

Senior Move Management Bookkeeping: Project Fees, Estate-Sale Proceeds, and the Vendor Maze

Senior move managers bill roughly $3,000 per three-to-five-week project across hourly labor, flat fees, marked-up supplies, and estate-sale commissions. This guide shows how to split that revenue by stream, hold deposits and client sale proceeds as liabilities, keep pass-through vendor bills off the P&L, and budget NASMM dues and certification — plus the five numbers to review monthly.

mike

bookkeepingsmall-businessjob-costing

Virginia's New Paid Sick Leave Law: The Small Employer's Timeline, Payroll, and Bookkeeping Guide

Virginia's SB199/HB5 phases paid sick leave in by employer size — 50+ employees on July 1, 2027, 25+ on January 1, 2028, and every employer with at least one employee on January 1, 2029. Employees accrue one hour per 30 hours worked up to 40 hours a year, unused leave carries over, and violations expose employers to double damages plus attorney's fees. Here is how to configure payroll, audit an existing PTO policy, and book the compensated-absence liability.

mike

payrollcompliancesmall-business

Air Duct and Dryer Vent Cleaning Bookkeeping: Price Per Vent, Track Every Upsell, Depreciate the Rig

Residential duct cleaning runs roughly $25–$50 per supply vent (about $75 for returns) and dryer vent add-ons average $145, so a one-line invoice hides your margin. This guide itemizes base fees, vent counts and add-ons, costs the four buckets behind each job, capitalizes a $9,000 vacuum rig instead of expensing it as supplies, and tracks the five KPIs — revenue per vent, revenue per tech-hour, upsell attach rate, callback rate, revenue per truck per day — that decide whether the next rig pays for itself.

mike

bookkeepingsmall-businesstrades

Assignment for the Benefit of Creditors: The Faster, Quieter State-Law Alternative to Chapter 7

An assignment for the benefit of creditors (ABC) lets an insolvent business liquidate under state law in months rather than a year, with an assignee the owner chooses instead of a court-appointed trustee — but it carries no automatic stay and no debt discharge. Here is how the five-step process works, how it compares to Chapter 7, and the bookkeeping that keeps a wind-down orderly.

mike

business-closurebusiness-exitsmall-business

Austin's New STR Rules Put Your Listing on a 10-Day Clock: A Host's Compliance and Bookkeeping Guide

Since July 1, 2026, Airbnb and Vrbo must verify Austin STR license numbers, refuse unlicensed bookings, and remove flagged listings within 10 days of city notice, with fines up to $500 per day. Here are the license costs ($836.30 new, $385.30 renewal, two-year term), the 17% occupancy-tax stack, the quarterly filings platform collection does not cover, and the per-property books that keep it provable.

mike

real-estateproperty-managementtax-compliance

Bridal Makeup Artist Bookkeeping: How to Track Your Kit, Travel Fees, and Wedding-Season Cash Flow

A working bookkeeping system for freelance and bridal makeup artists — separate business accounts, retainers recorded as liabilities until the wedding day, kit split into consumables versus equipment, mileage logged at the 2026 IRS rates of 72.5 and 76 cents per mile, and a peak-season reserve sized to cover the roughly six quiet months outside the May–October wedding window.

mike

beautyfreelancebookkeeping

Commercial Property Insurance Just Got Cheaper: How to Shop Your 2026 Renewal Without Getting Burned

Commercial property pricing fell 7.1% in Q1 2026 and another 8.1% in Q2 while general liability kept rising, so a flat renewal premium can hide thinner coverage. A seven-step playbook for shopping the renewal — updated statements of value, coinsurance math, apples-to-apples quote comparisons — plus how to book premiums by line and location so you can prove the decrease actually showed up.

mike

insurancebusiness-insurancesmall-business

Crane Rental and Rigging Bookkeeping: What Your Boom Truck Really Costs Per Lift

A crane rental company is three businesses sharing one yard — equipment, labor, and logistics. This guide covers 5-year MACRS treatment for cranes, the $2.5M Section 179 limit and permanent 100% bonus depreciation, splitting bare from operated rental in the chart of accounts, per-lift job costing including mobilization, and the utilization math behind an idle fleet that can cost $209,000 a year.

mike

constructionjob-costingdepreciation

Estoppel Certificates and SNDAs: The Two Tenant Documents That Verify a Rent Roll Before You Close

An estoppel certificate is a tenant-signed statement of rent, term, deposits, options, and defaults that legally blocks the tenant from later contradicting it; an SNDA is the three-party agreement keeping that lease alive through a foreclosure. This guide covers what a buyer should demand in each, the red flags that justify re-pricing a deal, and how confirmed deposits and prepaid rent land on the opening balance sheet.

mike

real-estateproperty-managementleases

Etsy's New France Import Fee, Explained: What the End of Duty-Free EU Parcels Means for Your Prices and Your Books

The EU ended duty-free entry for parcels under €150 on July 1, 2026, France charges €2 per item type, and an EU-wide handling fee of about €2 per parcel arrives in November — Etsy collects the France fee at checkout but not the €3 duty. Here is what each fee costs on a real order and how to book pass-through fees, prepaid duties, and IOSS VAT correctly.

mike

etsye-commercetariffs
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