#insurance
Insurance
Track insurance costs, premiums, and coverage details
Nuclear Verdicts: Why Commercial Auto Insurance Is Crushing Small Fleets
The median nuclear verdict against trucking companies hit $51 million in 2024, up from $21 million in 2020, and small fleets carrying 20% of commercial revenue now absorb 48% of U.S. commercial tort costs.
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.
Water Damage Restoration Bookkeeping: Reconciling Xactimate, RCV, and ACV
Water damage restoration companies must track three separate numbers per job — the Xactimate-approved scope (RCV), actual costs incurred, and cash collected — because ACV checks, recoverable depreciation holdbacks, and carrier-approved supplements rarely match the original estimate dollar-for-dollar.
Key Person Insurance: Why Losing One Employee Could Sink Your Small Business
Key person insurance is a policy a business owns on a critical employee, paying the company 5 to 10 times that person's annual compensation if they die or become disabled, and premiums are not tax-deductible under IRC Section 264(a)(1) unless Section 101(j) notice-and-consent is completed before the policy is issued.
Bookkeeping for Independent House Cleaners and Solo Maid Services: A Practical 2026 Guide
A 2026 bookkeeping playbook for solo and small residential cleaning operators — ASC 606 deferred revenue on recurring plans, OBBBA tip deductions up to $25,000, W-2 vs 1099 ABC-test pitfalls, care/custody/control insurance, and the KPIs that predict retention.
Bouncy House Rental Bookkeeping: ASC 606 Deposits, ASTM F2374 Wind Rules, and Section 179 for Inflatable Operators
How inflatable rental operators record customer deposits as deferred revenue under ASC 606, apply Section 179 to PVC inflatables and trailers, enforce ASTM F2374 wind thresholds (15 mph sustained operational shutdown), and track KPIs like revenue per truck-day, unit utilization, and refund rate.
Hurricane Season Financial Continuity for Coastal Small Businesses
A pre-storm playbook for coastal small businesses — 60 to 90 day cash reserves, geotagged inventory documentation, business interruption policy review, pre-positioned SBA EIDL and Physical Disaster Loan paperwork, and how IRS Section 7508A and Section 165(i) prior-year casualty loss elections work in federally declared disaster zones.
Independent Aquarium Maintenance and Reef Service Route Bookkeeping: Recurring Contracts, Coral Livestock Inventory, and Multi-Tank Route KPIs
A working bookkeeping playbook for aquarium maintenance and reef service routes — ASC 606 deferred revenue on prepaid contracts, section 263A livestock inventory with explicit mortality reserves, section 179 equipment elections, CITES and Lacey Act provenance, and the per-route KPIs (visits per technician-day, revenue per mile, tank-month revenue) that separate profitable routes from money-losers.
Architecture Firm Bookkeeping: AIA B101 Phases, ASC 606 Revenue Recognition, and the KPIs That Predict Profitability
How independent architecture firms and design studios should handle AIA B101 phase billings, ASC 606 over-time revenue recognition, sub-consultant pass-throughs, W-2 vs 1099 classification, Section 179 depreciation, E&O insurance, multi-state nexus, and the Deltek Clarity KPIs (net multiplier ~3.0, utilization ~59%, overhead ~177%) that separate profitable studios from struggling ones.
Pet Sitting and Dog Walking Bookkeeping: A Schedule C, Rover/Wag 1099-K, and Care-Custody Guide for 2026
How independent pet sitters and dog walkers should book Rover and Wag 1099-K income, deduct mileage at the IRS 2026 rate of $0.725 per mile, structure care-custody-and-control insurance, classify sub-walkers under the ABC test, and track visits-per-sitter-per-day as the core profitability KPI.
Independent Piano Technician Bookkeeping: ASC 606, Section 179, and KPIs for Tuning Shops
A practical bookkeeping guide for solo Registered Piano Technicians and small tuning shops, covering ASC 606 revenue recognition across home tunings, rebuilds, and concert hall contracts, plus Schedule C deductions, Section 179, care-custody-control insurance, and the operational KPIs that drive a profitable practice.
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.