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Section 179

IRC Section 179 expensing election, annual deduction caps, phase-out thresholds, and qualifying property for small business equipment write-offs

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11 min read

Section 280F Luxury Auto Caps Meet 100% Bonus Depreciation: A 2026 Vehicle Tax Playbook for Small Business Owners

Section 280F caps 2026 first-year passenger auto depreciation at $20,300 with bonus, while heavy SUVs over 6,000 lb GVWR can deduct the full purchase price via the $31,300 Section 179 cap plus 100% bonus depreciation restored under OBBBA. This guide covers the math, the listed-property substantiation rules, and the recapture trap that catches owners whose business use drops below 50%.

Mike Thrift

taxtax-planningdepreciation
14 min read

Artisan Cheese Maker and Farmstead Creamery Bookkeeping: How to Track Milk-to-Wheel Costs, Aging Cave WIP, and Yield KPIs Without Losing Your Margin

A practical accounting guide for farmstead creameries covering Section 263A inventory capitalization, aging cave WIP cost layers, FDA Pasteurized Milk Ordinance and 21 CFR 133 raw milk compliance, Section 179 equipment treatment, channel-specific revenue recognition under ASC 606, and the yield and cost-per-wheel KPIs that separate sustainable cheesemakers from hobbyists.

Mike Thrift

bookkeepinginventorymanufacturing
11 min read

Bookkeeping for Boxing Gyms, MMA Studios, and Martial Arts Dojos: ASC 606, Deferred Memberships, and Section 179

A practical bookkeeping playbook for boxing gyms, MMA academies, and martial arts dojos — covering ASC 606 recognition of memberships, belt tests, and fight camps; the 2024 DOL coach classification rule; Section 179 and cost segregation on build-outs; combat-sports liability; and the KPIs (LTV, churn, revenue per square foot) that decide whether a gym scales.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
16 min read

Custom Picture Framing Shop Bookkeeping: ASC 606 Deposits, WIP Inventory, Section 179 Equipment, and Unclaimed Frame Escheat

How custom frame shops should structure their books — ASC 606 revenue recognition at pickup rather than deposit, WIP inventory valuation under Section 471, Section 179 expensing for mat cutters and underpinners, state escheat reporting for unclaimed frames, and the per-square-foot KPIs (conservation glass attach rate, labor productivity, average ticket) that distinguish profitable shops.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
13 min read

Cigar Bar and Hookah Lounge Bookkeeping: ASC 606 Lockers, Excise Stamps, and the 51% Tobacco Test

A 2026 bookkeeping playbook for cigar bars and hookah lounges — six-stream revenue separation, ASC 606 amortization of member lockers, tobacco excise stamp reconciliation, FDA PMTA vendor compliance, Section 179 and cost segregation on humidor and ventilation buildouts, Section 45B FICA tip credit on Form 8846, and the per-seat KPIs that separate 15% from 28% net margin operators.

Mike Thrift

bookkeepingrevenue-recognitionsection-179
14 min read

Inside the Numbers: A Bookkeeping Playbook for Hydroponic, Vertical Farm, and Microgreens Producers

A working playbook for indoor-agriculture bookkeeping — Schedule F vs. C, Section 263A UNICAP exemptions for short-cycle crops, ASC 606 across five sales channels, Section 179 and restored 100% bonus depreciation, FSMA Produce Safety Rule compliance, and the per-square-foot and per-tray KPIs that separate real businesses from expensive hobbies.

Mike Thrift

farmingschedule-fbookkeeping
12 min read

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.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
14 min read

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.

Mike Thrift

architecturebookkeepingrevenue-recognition
13 min read

The Bridal Shop Owner's Bookkeeping Guide: Special-Order Deposits, Consignment Inventory, and the KPIs That Matter

How independent bridal shop owners book special-order deposits under ASC 606, separate memo and consignment from owned inventory, navigate the ABC test for in-house seamstresses, handle multi-state sales tax after Wayfair, capitalize bridal suite buildouts, and track the operational KPIs that signal real profitability.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
12 min read

Inside the Coin Shop Ledger: AML Compliance, Spot-Price Inventory, and Buy-Sell Spread Accounting for Bullion and Numismatic Dealers

A working guide for owner-operators of coin and bullion shops covering ASC 606 revenue streams, spot-price inventory methods, Form 8300 and 1099-B triggers, 31 CFR 1027 AML duties, Section 408(m) IRA fulfillment, and the KPIs (buy-sell spread, turn-earn index, GMROI) that separate profitable shops from break-even ones.

Mike Thrift

inventorybookkeepingcompliance
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