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Small Business

Financial management strategies and tools for small business owners

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Reconciling the Robot Shopper: A Small Business Guide to AI Agent Checkout Bookkeeping
·mike

Reconciling the Robot Shopper: A Small Business Guide to AI Agent Checkout Bookkeeping

How small businesses can reconcile AI agent-initiated purchases under ACP and AP2, tag agent-channel sales, track transaction fees, and defend against the chargeback risk of non-human checkouts.

ai
reconciliation
ecommerce
RV Repair Shop Bookkeeping: Warranty Reimbursement and Labor Rate Guide
·mike

RV Repair Shop Bookkeeping: Warranty Reimbursement and Labor Rate Guide

RV repair shops often bill $140-$190/hour retail but get reimbursed $20-$40/hour less on warranty labor, and two-thirds of shops under-mark parts by $40,000-$70,000 a year, so separate warranty, retail, and parts revenue accounts to see the real margin.

bookkeeping
small-business
accounting
RV Repair Shop Bookkeeping: Warranty Labor Rates, Reimbursement Lag, and Parts Markup
·mike

RV Repair Shop Bookkeeping: Warranty Labor Rates, Reimbursement Lag, and Parts Markup

How independent RV repair shops should structure their books to track retail vs. warranty vs. insurance labor rates (warranty often pays 10–25% below retail), age manufacturer reimbursements that take 2–3 months to arrive, and verify a tiered parts markup against a 50–60% gross margin target.

bookkeeping
trades
small-business
SBA Decouples 7(a) and 504 Loan Caps, Doubling Combined Limit to $10 Million
·mike

SBA Decouples 7(a) and 504 Loan Caps, Doubling Combined Limit to $10 Million

As of July 4, 2026, the SBA has decoupled its 7(a) and 504 loan programs, replacing their shared $5 million cap with independent $5 million limits each — giving qualifying small businesses access to up to $10 million in combined SBA-guaranteed financing.

sba
loans
financing
Why Your K-1 Is Always Late (and What to Do About It This Year)
·mike

Why Your K-1 Is Always Late (and What to Do About It This Year)

Late Schedule K-1s are the norm, not the exception — a Form 7004 extension pushes partnership and S-corp returns, and every K-1 tied to them, to September 15, a full five months past the April 15 personal deadline. The fix is a simple playbook, file Form 4868, pay at least 90% of a good-faith estimate, and amend with Form 1040-X once the real numbers arrive.

tax
tax-deadlines
tax-filing
The SECURE 2.0 Student Loan 401(k) Match: A Small Employer's Guide to Section 110
·mike

The SECURE 2.0 Student Loan 401(k) Match: A Small Employer's Guide to Section 110

SECURE 2.0 Section 110 lets employers match 401(k), 403(b), SIMPLE IRA, or governmental 457(b) contributions based on an employee's student loan payments instead of elective deferrals, and plan sponsors adopting the feature must formally amend their plan documents by December 31, 2026.

retirement-plans
employee-benefits
payroll
Steam Revenue Share Bookkeeping: What Indie Game Developers Actually Get Paid
·mike

Steam Revenue Share Bookkeeping: What Indie Game Developers Actually Get Paid

Steam's platform fee is calculated on net revenue after refunds, VAT, and currency conversion rather than gross sales, and non-U.S. developers face separate 0-30% tax withholding reported on Form 1042-S — this guide lays out the five-account chart of accounts to track both correctly.

bookkeeping
accrual-accounting
tax
Surviving a State Sales Tax Audit: A Small Business Guide
·mike

Surviving a State Sales Tax Audit: A Small Business Guide

State sales tax auditors use statistical sampling that extrapolates a small error rate across years of transactions, so running a self-audit on use tax accruals, exemption certificates, and nexus exposure before a notice arrives produces a materially better outcome than waiting.

sales-tax
nexus
audit
Tanning Salon Bookkeeping: Tracking the 10% Federal Excise Tax and Form 720
·mike

Tanning Salon Bookkeeping: Tracking the 10% Federal Excise Tax and Form 720

Indoor tanning services carry a 10% federal excise tax reported quarterly on IRS Form 720 Part II, and salons that don't isolate it in a dedicated liability account and itemize bundled packages are the ones examiners flag.

tax-compliance
tax-filing
tax-deadlines
TikTok Shop Seller Bookkeeping: Reconciling Gross Sales, Fees, and Your 1099-K
·mike

TikTok Shop Seller Bookkeeping: Reconciling Gross Sales, Fees, and Your 1099-K

TikTok Shop's 1099-K reports unadjusted gross sales, not net payout — referral fees, payment processing charges, and affiliate commissions typically consume 30-45% of that total before it reaches a seller's bank account, and untracked fees can inflate taxable income.

e-commerce
bookkeeping
tax
Trade Credit Insurance for Small Business: Costs, Coverage, and Whether You Need It
·mike

Trade Credit Insurance for Small Business: Costs, Coverage, and Whether You Need It

Trade credit insurance reimburses 75-95% of unpaid invoices when a customer defaults for a covered reason, typically costing 0.25-0.5% of insured sales, but disputed invoices and missed claim windows (30 days for insolvency, 3-6 months for other defaults) are excluded.

accounts-receivable
bad-debt
credit
Trading Card Grading Submission Service Bookkeeping: Bailment, Float, and Backlog Risk
·mike

Trading Card Grading Submission Service Bookkeeping: Bailment, Float, and Backlog Risk

A trading card grading submission service should book customer cards as a bailment (not inventory), hold submission fees as unearned revenue until PSA returns the batch, carry bailee's coverage sized to total declared value on hand, and size cash reserves to the float created by 40-to-160-day grading turnarounds.

consignment-accounting
insurance
business-insurance
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