#sales-tax

Sales Tax

Sales tax compliance, nexus rules, filing requirements, and tax automation for businesses

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August 14, 202612 min read

California Just Taxed SaaS: A State-by-State Guide to Software Subscription Sales Tax in 2026 and 2027

California SB 122 makes SaaS and other digital products subject to sales tax from January 1, 2027, with Colorado's HB 26-1223 flipping the same day. This guide maps SaaS taxability across all 50 states as of August 2026, explains economic nexus thresholds like California's 500,000 dollars plus the 5-million-dollar purchaser self-assessment rule, and gives a pre-January compliance checklist for software sellers and buyers.

Mike Thrift

taxtax-compliancesales-tax

August 14, 202611 min read

Nonprofit Thrift Store Bookkeeping: How to Value Donated Goods, Keep the Volunteer-Labor Exclusion, and Stay Off Form 990-T

Nonprofit thrift store bookkeeping covers the fair value and sold-price methods for donated inventory, IRS Publication 561 receipt thresholds, the roughly 85% volunteer-labor and donated-merchandise UBIT exclusions, and when Form 990-T filing is required.

Mike Thrift

nonprofitbookkeepingtax-compliance

August 13, 202613 min read

Used-Vehicle Dealer Compliance in 2026: FTC Buyers Guide, Warranty Disclosure, and the Inventory Costing That Keeps Gross Profit Honest

Every used vehicle needs its FTC Buyers Guide on the window with one warranty box checked — and each VIN's ACV plus recon, floorplan curtailment, and F&I reserve must tie to the guide the deal delivered.

Mike Thrift

compliancebusinessfinance

August 4, 20267 min read

Osek Patur vs. Osek Murshe: Israel's ₪120,000 Freelancer VAT Threshold Explained

Israeli freelancers must convert from osek patur (VAT-exempt) to osek murshe (VAT-charging) status once annual invoiced revenue crosses ₪120,000, with the conversion retroactive to the crossing date and closed-list professions like architects and lawyers required to register as osek murshe from their first shekel.

Mike Thrift

tax-complianceinternational-taxsales-tax

August 4, 20269 min read

Sri Lanka's 18% Digital Services VAT: What Foreign SaaS and App Sellers Must Register For

Sri Lanka now charges 18% VAT on digital services sold by non-resident providers once revenue exceeds LKR 36 million a year or LKR 9 million in a quarter, effective July 1, 2026, with quarterly filing and registration due within three months of crossing the threshold.

Mike Thrift

international-taxsales-taxsaas

August 2, 20268 min read

Pet Cremation Bookkeeping: Pricing Tiers, Veterinary Referral Splits, and Retort Depreciation

Pet cremation businesses run three revenue models at once (tiered cremation service, veterinary referral commissions, and merchandise sales), and the retort itself depreciates as 7-year MACRS equipment eligible for 100% bonus depreciation on property placed in service after January 19, 2025 — not as a 39-year building improvement.

Mike Thrift

bookkeepingsmall-businessaccounting

July 29, 20266 min read

Illinois Drops the 200-Transaction Sales Tax Rule: What Remote Sellers Should Do in 2026

Effective January 1, 2026, Illinois eliminated the 200-transaction economic nexus threshold, leaving a single $100,000 trailing-12-month revenue test for remote sellers. Here's who gains or loses nexus, how the August–October 2026 amnesty program works, and how to structure your books to answer state-by-state sales questions on demand.

Mike Thrift

sales-taxnexusecommerce

July 29, 20268 min read

Print-on-Demand Bookkeeping: COGS, Royalties, and Sales Tax by Platform

Print-on-demand sellers run two different businesses — integration channels (Etsy + Printify) with real COGS, and marketplace channels (Redbubble, Amazon Merch) with none. This guide covers how to reconcile 1099-K gross figures, avoid double-counting platform fees, handle marketplace-facilitator sales tax, and structure a per-channel chart of accounts to track margins that range from 20% to 70%.

Mike Thrift

bookkeepingcost-of-goods-soldsales-tax

July 28, 20269 min read

Roller Skating Rink Bookkeeping: How to Account for Five Businesses Under One Roof

A roller rink runs admissions, skate rentals, birthday parties, concessions, and merchandise under one roof — and well-run rinks post 20–35% margins while others limp at 10% on the same traffic. This guide shows how to split the chart of accounts by revenue stream, hold party deposits as deferred-revenue liabilities until the event happens, capitalize the rental fleet, and track KPIs like revenue per visit and ancillary revenue share.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition

July 28, 20267 min read

Retail Delivery Fees in 2026: What Sellers Owe in Colorado and Minnesota

Colorado's retail delivery fee rose to $0.31 per order on July 1, 2026, while Minnesota charges $0.50 on qualifying orders of $100 or more. Here are the exemption thresholds, marketplace carve-outs, the ten-plus states drafting similar fees, and how to record the fee so it doesn't tangle your books.

Mike Thrift

sales-taxtax-compliancemulti-state-tax

July 28, 202611 min read

Traveling Carnival and Fair Concessionaire Bookkeeping: Gross-Revenue Splits, Multi-State Permits, and a Route of One-Week Stops

How carnival and fair concessionaires should keep books for a route business — recording 25–50% gross-revenue splits and guarantee floors per stop, registering for sales tax permits that differ by state (Ohio's statewide license vs. California's per-location permits vs. Illinois's changing-location filer status), reconciling cash daily against ticket counts, and tracking day-labor payroll and 1099 thresholds across state lines.

Mike Thrift

bookkeepingsmall-businessseasonal-business

July 27, 20268 min read

Restaurant Reservation Deposits and No-Show Fees: The Deferred Revenue Guide

Restaurant no-shows cost the U.S. industry roughly $16 billion a year, and the deposits that fight them create a bookkeeping trap — under ASC 606 a reservation deposit is a liability, not revenue, until the guest dines or forfeits. Here's how to record deposits as deferred revenue, book no-show forfeitures as breakage, and reconcile net payouts from OpenTable, Resy, and Tock.

Mike Thrift

restaurantrevenue-recognitionaccrual-accounting

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