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#independent-contractor

Independent Contractor

Contractor payments, 1099 tracking, and compliance

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13 min read

The Mental Health Private Practice Owner's Bookkeeping Playbook: Insurance Billing, PSYPACT, the No Surprises Act, and the KPIs That Keep Your Clinic Solvent

A practical bookkeeping guide for solo and group mental health private practices — covering contractual allowances under ASC 606, No Surprises Act Good Faith Estimates, PSYPACT and Counseling Compact licensure, 1099-versus-W-2 classification under the 2024 DOL rule, S-corp reasonable compensation thresholds, and the six monthly KPIs (utilization, no-show rate, net collection rate, days in A/R) that determine whether a counseling practice stays solvent.

Mike Thrift

bookkeepinghealthcarerevenue-recognition
17 min read

Mobile Auto Glass Bookkeeping: ASC 606 Insurance Billing, ADAS Recalibration, and Section 179 Cargo Van Buildouts

A working guide to bookkeeping for mobile auto glass shops — ASC 606 revenue recognition across insurance, fleet, and cash-pay jobs, ADAS recalibration as a separable performance obligation, Section 179 on calibration equipment and cargo van buildouts, worker classification under the 2024 DOL rule, and the KPIs (installs per tech-day, calibration attach rate, per-truck contribution) that predict whether the operation survives.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
12 min read

Equestrian Boarding and Lesson Barn Bookkeeping: A Practical Guide for Owner-Operators

Boarding stables run at least five revenue streams with wildly different margins. This guide covers ASC 606 timing for board and lesson packages, agister's lien enforcement, ABC-test worker classification, Section 179 and cost segregation for arenas, EALA compliance, and the KPIs—stall occupancy, revenue per stall, hay-cost ratio—that separate profitable barns from quietly failing ones.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
11 min read

Esports Gaming Lounge and LAN Center Bookkeeping: Memberships, Tournaments, and the 24-Month Refresh Cycle

How independent esports lounges and LAN centers handle ASC 606 deferred revenue on memberships, agent vs principal treatment for tournament prize pools, Section 179 expensing on a 24-month gaming PC refresh, 1099-NEC vs W-2 classification for casters and streamers, and the station-hour KPIs that separate 22% margin operators from the rest.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
12 min read

How Independent Music Venues Stay Profitable in 2026: A Bookkeeping Playbook for Door Deals, PRO Licenses, and Per-Cap Bar Revenue

A working playbook for independent live music venues and concert promoters: separating the five revenue streams, settling door deals under ASC 606, budgeting ASCAP/BMI/SESAC fees, applying Section 179 and bonus depreciation to PA and lighting rigs, classifying stagehands correctly, and tracking per-cap bar revenue against industry benchmarks.

Mike Thrift

bookkeepingcreative-industriesrevenue-recognition
13 min read

Indoor Climbing Gym and Bouldering Facility Bookkeeping: ASC 606 Membership Revenue, Route-Setter Classification, and Section 179 Strategies That Climbing Wall Association Operators Use

How indoor climbing and bouldering operators apply ASC 606 to prepaid memberships, classify route-setters under state ABC tests, and use Section 179, bonus depreciation, and QIP cost segregation to manage a capital-intensive facility — with CWA retention benchmarks (39.6% one-year average) and the bookkeeping mistakes that quietly bleed cash.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
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