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Compliance

Navigate regulatory compliance and maintain audit-ready financial records

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11 min read

Denmark's Digital Bookkeeping Act Hits Sole Proprietors: The DKK 300,000 Test and Your Switch-Over Plan

From January 1, 2026, Danish sole proprietorships, partnerships, and associations with net turnover above DKK 300,000 in both 2024 and 2025 — roughly 118,000 businesses — must keep books in a compliant digital system with NemHandel/Peppol e-invoicing, tamper-evident five-year storage, weekly automated backups, and SAF-T export on demand. This guide covers the two-year turnover test, the five system requirements, the five mistakes that trigger enforcement, and a seven-step migration checklist.

Mike Thrift

bookkeepingcompliancesole-proprietorship
12 min read

The 15% Service-Fee Cap Is Real: What the Ticketmaster Settlement Means for Your Venue's Books

The March 2026 DOJ settlement caps Ticketmaster service fees at 15% of face value at Live Nation amphitheaters, limits venue exclusivity deals to four years, and guarantees rival ticketing access — while the FTC's all-in pricing rule already binds every ticket seller. A practical guide for independent venues and promoters on rebuilding per-ticket math, ASC 606 principal-vs-agent revenue calls, settlement-sheet reconciliation, and the seven contract terms to renegotiate now.

Mike Thrift

compliancelegalsmall-business
10 min read

That "Official" Compliance Letter Probably Isn't From the Government: How to Spot Business Imposter Mailers

Private companies mail new LLCs and corporations official-looking notices charging $110 for $10 state filings, $125 for meeting minutes no state requires, and $89 for labor law posters the government gives away free. A 60-second checklist separates real government notices from solicitations, with steps to reverse a payment you already made.

Mike Thrift

fraud-preventionsmall-businesscompliance
9 min read

How Often Must You Pay Employees? The State Payday Rules That Override Your Payroll Schedule

No federal law sets private-sector pay frequency, so each state sets its own floor — New York requires weekly pay for manual workers, North Carolina permits monthly, and Florida sets no private-sector minimum. This guide covers the four state buckets, lag-time caps such as California Labor Code section 204, per-employee penalties, and how to change a payroll schedule without delaying wages.

Mike Thrift

payrollcompliancelegal
11 min read

Illinois Just Rewrote Its Pawnbroker Law: What the Auto-Title Ban and New Reporting Rules Mean for Your Shop's Books

Illinois replaced its pawnbroker statute with the Pawnbroker Regulation Act of 2023, ending auto-title advances under a pawn license, capping active licenses at 250 statewide (150 in specified populous counties), and adding electronic police reporting plus aggregate data collection. Here is how to structure a pawn shop's chart of accounts, book forfeitures at lower of cost or net realizable value, and run off title-secured balances separately.

Mike Thrift

complianceconsumer-protectionloans
9 min read

Missouri's Paid Sick Leave Whiplash: What Employers Should Track After the Prop A Repeal (and Before the 2026 Ballot Rematch)

Missouri's paid sick leave mandate took effect May 1, 2025 and was repealed effective August 28, 2025, while the scheduled $15.00 minimum wage still arrives January 1, 2026. Here is how to close the 17-week accrual window in your books, keep the payroll codes dormant instead of deleting them, and stay ready for the 2026 ballot rematch.

Mike Thrift

payrollcomplianceemployee-benefits
9 min read

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 Thrift

restaurantsmall-businessbookkeeping
11 min read

NYC Banned Hidden Hotel Fees and Surprise Card Holds: A Compliance and Bookkeeping Guide

Since February 21, 2026, New York City requires hotels and short-term rental hosts to advertise an all-in total price including every mandatory fee, and to disclose credit card holds and advance deposits before the guest pays. Here is how the rule differs from the federal FTC junk-fee rule, what counts as mandatory, and how to keep room revenue, fee revenue, deposits, and incidental holds straight in your ledger.

Mike Thrift

junk-feesall-in-pricingpricing-transparency
13 min read

Why Splitting Cash Deposits to Stay Under $10,000 Can Be a Federal Crime — Even When the Money Is Clean

Structuring — breaking cash into sub-$10,000 deposits to avoid a Currency Transaction Report — is a felony under 31 U.S.C. 5324 carrying up to 5 years in prison, and the government never has to prove the money was dirty. Here is how CTRs and Form 8300 actually work, which innocent deposit habits look like evasion, and the cash records that prove your intent.

Mike Thrift

compliancebsafincen
9 min read

The Student FICA Exemption: Who Qualifies, and Where Payroll Gets It Wrong

Wages paid to a student by the school they attend are exempt from the 7.65% FICA tax under IRC Section 3121(b)(10), but only when the worker clears all four Revenue Procedure 2005-11 tests — at least half-time enrollment, under 40 hours a week across all campus jobs, no professional role, and no career-employee benefits. This guide covers the safe harbor, the five-week break rule, the graduation cliff, and how to correct withholding in either direction.

Mike Thrift

payrolltax-compliancewithholding
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