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#bookkeeping

Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

1623 postsView all tags
Your Workers' Comp Premium Audit Is Coming: How to Pass Without a Surprise Bill
·mike

Your Workers' Comp Premium Audit Is Coming: How to Pass Without a Surprise Bill

A workers' comp premium is payroll ÷ 100 × class rate × experience mod, so the year-end audit re-tests both variables against your actual records. This guide covers the three audit types and what triggers each, the documents auditors request, why overtime premium is only excludable when recorded separately by employee and week under NCCI Rule 2-B-2, the 2026 NCCI officer caps of $3,400 weekly maximum and $1,700 minimum, and why payments to a subcontractor without a current certificate of insurance get charged to you as payroll.

payroll
insurance
audit
The Federal 1099-K Threshold Is $20,000 Again — But Your State May Still Require One at $600: A State-by-State Guide for Online Sellers and Gig Platforms
·mike

The Federal 1099-K Threshold Is $20,000 Again — But Your State May Still Require One at $600: A State-by-State Guide for Online Sellers and Gig Platforms

Federal 1099-K filing reverted to $20,000 and more than 200 transactions for 2026, but Maryland, Massachusetts, Vermont, Virginia, DC, Montana and North Carolina still require it at $600 — learn which states keep the lower threshold, how payment-card and TPSO rules differ, and how to book gross, fees, and sales tax so your books tie to every form you receive.

tax
tax-compliance
irs-reporting
Building Business Credit From Zero: How Net-30 Vendor Accounts and Your D-U-N-S Number Create a Score Apart From Personal Credit
·mike

Building Business Credit From Zero: How Net-30 Vendor Accounts and Your D-U-N-S Number Create a Score Apart From Personal Credit

Build business credit from scratch with net-30 vendor accounts that report to Dun & Bradstreet, Experian Business, and Equifax. Get your free D-U-N-S Number, enforce NAP consistency, and follow a 90-day plan to a scorable PAYDEX and Intelliscore.

business-credit
small-business
financing
Cigar Lounge and Retail Tobacco Shop Bookkeeping: State Excise Tax, Humidor Inventory, and the Membership-Locker Revenue You Are Probably Booking Wrong
·mike

Cigar Lounge and Retail Tobacco Shop Bookkeeping: State Excise Tax, Humidor Inventory, and the Membership-Locker Revenue You Are Probably Booking Wrong

Premium cigar lounges pay OTP excise as a capped percentage of wholesale, carry humidor inventory at landed cost with FIFO or average costing, and must defer locker and membership fees as unearned revenue until each month is provided — separating all three keeps margins, taxes, and audits accurate.

small-business
bookkeeping
tax
Coworking Space Bookkeeping: Membership vs. Day-Pass Deferred Revenue, Proration, and the Add-Ons You Can't Forget to Reconcile
·mike

Coworking Space Bookkeeping: Membership vs. Day-Pass Deferred Revenue, Proration, and the Add-Ons You Can't Forget to Reconcile

Your coworking cash and earned revenue rarely match — learn how to book membership deferred revenue, prorate mid-month starts and upgrades, and reconcile meeting-room hours and print credits so every dollar is counted.

bookkeeping
coworking
deferred-revenue
New Jersey's New ABC Test Regulations Take Effect October 1, 2026: What Businesses Hiring Contractors Must Prove
·mike

New Jersey's New ABC Test Regulations Take Effect October 1, 2026: What Businesses Hiring Contractors Must Prove

New Jersey's ABC test regulations become operative October 1, 2026, clarifying that every worker is an employee unless you prove freedom from control, work outside your usual course or places of business, and an independently established trade — learn the three prongs, five common mistakes, and a pre-deadline audit checklist.

small-business
payroll
compliance
Parking Garage and Valet Bookkeeping: Reconciling Five Revenue Streams and the 30-Day Client Float
·mike

Parking Garage and Valet Bookkeeping: Reconciling Five Revenue Streams and the 30-Day Client Float

A parking operator's chart of accounts and close process — how to separate transient, monthly permit, corporate, valet, and event revenue, book monthly permits as deferred revenue, back parking tax out of tax-inclusive rates, and hold at least 1.5× one month's gross client collections before signing a management agreement with 30-day remittance terms.

bookkeeping
revenue-recognition
reconciliation
The New 1% Remittance Transfer Tax: What Small Businesses Paying Overseas Contractors Need to Know in 2026
·mike

The New 1% Remittance Transfer Tax: What Small Businesses Paying Overseas Contractors Need to Know in 2026

Since January 1, 2026, cash-funded remittance transfers sent abroad are subject to a 1% federal excise tax collected by providers and reported on Form 720. This guide explains what triggers the tax, which bank-funded transfers are exempt, and how small businesses should record the tax, fees, and contractor payments.

tax
tax-compliance
small-business
Vacation Rental Trust Accounting: The Three-Way Reconciliation and How to Untangle Batched Airbnb and Vrbo Payouts
·mike

Vacation Rental Trust Accounting: The Three-Way Reconciliation and How to Untangle Batched Airbnb and Vrbo Payouts

Vacation rental managers must prove every trust dollar with a monthly three-way reconciliation. Learn how to tie your bank statement to your books to each owner ledger and cleanly break down batched Airbnb and Vrbo payouts before you disburse.

property-management
trust-accounting
reconciliation
Amazon's 2026 FBA Fee Overhaul: How the Fuel Surcharge, Price Bands, and Low-Inventory Fees Change Your Per-Unit Margin Math
·mike

Amazon's 2026 FBA Fee Overhaul: How the Fuel Surcharge, Price Bands, and Low-Inventory Fees Change Your Per-Unit Margin Math

Amazon's 2026 FBA fee overhaul restructured US fulfillment fees into price bands (under $10, $10–$50, over $50), layered on a 3.5% fuel surcharge that is excluded from the published rate card, and moved the low-inventory fee to the per-SKU level — changes that quietly reshape per-unit margin math for FBA sellers.

amazon
e-commerce
profit-margins
App Store Payout Reconciliation: Why Your Take-Home Is ~60% Below Gross Revenue
·mike

App Store Payout Reconciliation: Why Your Take-Home Is ~60% Below Gross Revenue

App-store payouts land roughly 60% below sticker price after VAT, store commission, refunds, tax withholding, and currency conversion. This guide traces each deduction from gross sales to the bank deposit and lays out a 30-minute monthly reconciliation workflow for indie developers.

reconciliation
indie-hackers
bookkeeping
California Just Taxed SaaS: A State-by-State Guide to Software Subscription Sales Tax in 2026 and 2027
·mike

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.

tax
tax-compliance
sales-tax
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