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Mike Thrift

Marketing Manager

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8 min read

Bitcoin Mining Bookkeeping: Why Every Mining Pool Payout Is Its Own Taxable Event

Under IRS Notice 2014-21, every mining pool payout is ordinary income at its fair market value on receipt — a daily-payout pool creates ~365 taxable events a year before you sell anything. This guide covers hobby vs. Schedule C classification, 15.3% self-employment tax, Section 179 vs. 100% bonus depreciation for ASICs, the 2026 per-wallet cost-basis rule, Form 1099-DA reconciliation, and the per-lot records mining books need to survive an audit.

Mike Thrift

bitcoincryptocurrency-taxesbookkeeping
8 min read

Eyelash Extension Studio Bookkeeping: The Supply, Retail, and Depreciation Lines Most Lash Artists Get Wrong

A lash studio's costs don't fit one "supplies" line — service consumables, retail inventory, and depreciable equipment like lash beds and LED lamps each need their own account. This guide covers a six-category chart of accounts, the Section 179 deduction most lash artists miss, quarterly retail inventory counts, and booth-renter vs. employee classification.

Mike Thrift

bookkeepingbeautysmall-business
8 min read

FedNow and Instant Payments Are Changing Small Business Treasury: What ISO 20022 Means for Your Books in 2026

FedNow and RTP now reach roughly 75% of U.S. bank accounts, settling payments in seconds, 24/7/365, with a $10 million network transaction limit. This guide explains how ISO 20022 structured remittance data changes invoice matching and reconciliation, why irrevocable instant payments demand wire-transfer-level fraud controls, and what small businesses should ask their bank and accounting software in 2026.

Mike Thrift

paymentsbankingfintech
9 min read

FreshBooks vs. Wave vs. Zoho Books: Which Fits a One-Person Business?

Wave is free but gates automatic bank feeds behind its ~$19/month Pro plan; FreshBooks Lite costs ~$19/month and caps you at 5 billable clients with no bank reconciliation; Zoho Books includes real double-entry accounting free under $50,000 annual revenue. Here is how the three compare for solo founders and freelancers, including the payment-processing fees that often exceed the subscription price.

Mike Thrift

accounting-softwaresmall-businessbookkeeping
8 min read

Georgia's SB 69 Litigation Funding Law: NMLS Registration, the $25,000 Discovery Rule, and What Small Businesses Should Check Before Signing

Georgia's SB 69, effective January 1, 2026, requires litigation funders to register with the Department of Banking and Finance via NMLS, makes funding agreements of $25,000 or more discoverable, caps funder fees at net recovery, and bars foreign-adversary funding. Here's what small business owners should verify before accepting a litigation funding offer.

Mike Thrift

legalsmall-businesscompliance
8 min read

HMRC Just Got the Legal Right to Inspect Your Cloud-Hosted Records: What the UK's Modernized Section 114 Powers Mean for Digital Bookkeeping

Draft Finance Bill 2026-27 clauses published on L-Day (July 13, 2026) modernize HMRC's Schedule 36 inspection powers to explicitly cover cloud-hosted accounting records, with consultation open until September 7, 2026. Here's how the change interacts with Making Tax Digital and what UK small businesses should do now.

Mike Thrift

tax-compliancecloud-accountingbookkeeping
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