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Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

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How to Negotiate Better Payment Terms With Vendors and Free Up Your Cash Flow

Vendor payment terms are negotiable working capital — top-performing companies take 46+ days to pay while bottom performers pay in 27. This guide covers what to ask for (extended net terms, milestone deposits, installment schedules), how to time and frame the ask as a win-win, the early-pay discount math (skipping 2/10 net 30 implies a 35%+ annualized cost), and how to track negotiated terms, AP aging, and DPO in your books.

mike

cash-flowaccounts-payableworking-capital

New York's Gig Delivery Worker Law: What the $22.13 Pay Floor, Tip Rules, and Weekly Payouts Mean for Your Restaurant's Books

New York City's app-based delivery rules — a $22.13 hourly courier pay floor for pay periods beginning on or after April 1, 2026, tipping offered at checkout with a 10% suggested minimum, and weekly itemized payouts — change what a restaurant has to record. Book gross marketplace sales, itemize every platform fee, run tips through a liability account that ends at zero, and the January 1099-K reconciles itself.

mike

restaurantsmall-businessbookkeeping

Filed Early and Found a Mistake? How a Superseding Return Replaces Your Original Before the Deadline

A superseding return is a complete second return filed before the deadline (including extensions) that legally replaces your original, unlike a Form 1040-X amendment filed after it. It preserves elections reserved for original returns and can stop interest and penalties — but when filed during an extension period it does not reset the three-year assessment or refund clocks, which run from the first valid return.

mike

taxtax-filingtax-deadlines

Delaware's 4.5% Short-Term Rental Lodging Tax: A Host's Guide to the License and Monthly Filing

Delaware taxes short-term rental stays at 4.5% of rent for agreements entered on or after January 1, 2025. Who collects depends on the booking channel — platforms remit for platform bookings, but direct-booking hosts need the $25 accommodations intermediary license and must file monthly by the 15th, even for zero-income periods. Cleaning fees, linens, and deposits are excluded from the tax base.

mike

tax-compliancereal-estateproperty-management

Georgia Rewrote Its Specialty Contractor Licensing Law: What Your Shop Must Fix Before the Next Job

Georgia's SB 553 (Act 472) rewrote Chapter 14 contractor licensing effective July 1, 2026 — one year of experience now means 2,000 documented hours, license lending is explicit grounds for discipline, and advertising regulated trade services without a license counts as evidence of unlicensed practice. A record-keeping checklist for electrical, plumbing, HVAC, low-voltage, and utility shops.

mike

licensespermitscompliance

Your Card Processor Just Got Bought for $24 Billion — Here's What to Check on Your Next Statement

Global Payments closed its $24.25 billion Worldpay acquisition in January 2026, and processor mergers routinely bring migration fees, contract reassignments, and quiet rate creep. Learn how to compute your effective rate (total fees ÷ card volume), the seven statement lines where costs hide, and a 15-minute quarterly audit that flags overpaying above 3%.

mike

paymentssmall-businessexpense-management
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