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Small Business

Financial management strategies and tools for small business owners

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12 min read

Independent Process Server and Skip Tracer Bookkeeping: ASC 606, FDCPA/DPPA/GLBA Compliance, Mileage, and the KPIs That Drive Profit

A working guide to bookkeeping for solo process servers and multi-server firms — entity selection, ASC 606 revenue recognition triggered by the sworn affidavit, FDCPA/DPPA/GLBA exposure, mileage method choice and Section 179, worker classification under the ABC test, trust accounting for pass-through funds, and the operating KPIs that separate a healthy practice from a treadmill.

Mike Thrift

bookkeepingrevenue-recognitioncompliance
14 min read

The Independent Tire Shop Bookkeeping Playbook: ASC 606, Federal Excise Tax, Road Hazard Warranty Reserves, and Bay-Hour KPIs

How independent tire shops should book six distinct revenue streams under ASC 606, treat scrap-tire fees and Form 720 federal excise tax as pass-through liabilities, amortize road hazard warranties as deferred revenue, stack Section 179 with 100% bonus depreciation on lifts and alignment racks, and read the four bay-hour KPIs that actually predict profitability.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
13 min read

Indoor Golf Simulator Lounge Bookkeeping: Tracking Bay-Hour Revenue, Capitalizing Hardware, and the KPIs That Drive Profit

A working playbook for owner-operators of boutique indoor golf simulator lounges — how to recognize bay rental, membership, league, and breakage revenue under ASC 606; capitalize $24K Trackman units and $60K bay buildouts via Section 179, bonus depreciation, and QIP cost segregation; classify teaching pros correctly; and read the bay-utilization and revenue-per-bay-hour KPIs that separate profitable lounges from the rest.

Mike Thrift

bookkeepingrevenue-recognitionsection-179
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
14 min read

Mobile Dog Grooming Bookkeeping: Van Depreciation, Worker Classification, and the KPIs That Predict Profit

A bookkeeping guide for mobile dog grooming operators covering entity structure, ASC 606 revenue recognition for subscriptions and prepaid packages, Section 179 and bonus depreciation on the van conversion, 1099 vs W-2 classification under the federal economic-reality and ABC tests, mileage substantiation under Section 274, per-van P&L, and the operating KPIs (appointments per day, average ticket, rebook rate) that predict profitability.

Mike Thrift

bookkeepingsmall-businesssection-179
13 min read

Bookkeeping for Orthotic, Prosthetic, and Pedorthic Custom Fabrication Labs

A practical accounting guide for ABC-credentialed orthotic, prosthetic, and pedorthic practices — covering ASC 606 multi-stage revenue recognition for custom devices, payer-specific contractual allowances on Medicare DMEPOS L-codes, WIP inventory for custom fabrication, Section 179 on CAD/CAM and 3D printers, and warranty reserves under Medicare's 90-day rule.

Mike Thrift

bookkeepinghealthcarerevenue-recognition
12 min read

The Yarn Shop and Quilt Store Bookkeeping Playbook: Classes, Subscriptions, Long-Arm Services, and the Multistate Tax Trap

How independent yarn shops, quilt stores, and sewing retailers should handle ASC 606 revenue recognition for classes and block-of-the-month subscriptions, marketplace-facilitator sales tax across Shopify and Etsy, Section 179 long-arm equipment write-offs, contractor-versus-employee rules for instructors, and the KPIs—from sales per square foot to subscription retention—that separate thriving needlearts shops from struggling ones.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
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