Your S Corporation Can't Deduct Your December Bonus Until It Pays You
Section 267 delays your S corp's bonus deduction until the year you're actually paid — run shareholder payroll by December 31.
Blog
Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
RPM Q1 FY2027: Record $2.22B Sales, but Gross Margin Fell a Point
RPM's Q1 FY2027 sales rose 4.8% to $2.22B and net income 12.6%, but gross margin fell to 41.3%; $15.7M of one-time gains flattered profit.
The Golden Handcuffs Your Best Employees Will Actually Thank You For
A restricted executive bonus arrangement funds an employee-owned life policy with deductible Section 162 bonuses that early departures forfeit.
Oregon's CAT Short-Period Filing Rule: What Businesses Starting or Closing Mid-Year Need to Know
Oregon prorates CAT thresholds by days in a stub year — except new and closing businesses, which keep the full $1M line.
Get Paid in 5 Days: New Zealand's Government Prompt-Payment Rules, Explained for Small Suppliers
NZ agencies must pay 95% of eInvoices within 5 business days since 1 Jan 2026 — register on Peppol with your NZBN to get the fast lane.
Just Hired Your First Employee? What New-Employer SUTA Rates Cost in 2026
New-employer SUTA rates run 1–4% on 2026 wage bases from $7,000 to $78,200 — pay on time to keep the 5.4% FUTA credit.
Never Filed a Business Return? Why the IRS Has No Deadline to Audit You
No return means no time limit: the IRS can assess unfiled years anytime, then bill you through an SFR with zero deductions.
Nashville Just Doubled Your Home-Business Client Limit: What BL2026-1318 Means for Your Home Office and Business License
Nashville now lets permitted home businesses see 12 clients a day with no set hours. What Tennessee owners must file — and the IRS home-office payoff.
Selling Access to Your MCP Server: Bookkeeping for Usage-Based and Subscription Revenue
Recognize MCP usage revenue as agents consume it, hold prepaid credits as deferred revenue, and track API passthrough cost per tool.
One Sale to Mauritius Can Trigger a VAT Registration: The 15% Digital Services Rule With No Minimum
Mauritius charges 15% VAT on foreign digital services since January 1, 2026 — with no turnover threshold, so a single sale triggers MRA registration.
IRS Secure Messaging for Small Businesses: When It Beats Mail or a Phone Call
IRS Secure Messaging lets invited businesses and their reps trade documents with the case team online — faster than mail, on the record unlike phone calls.
IRS Letter 105-C: Your Refund Claim Was Disallowed — What the 30-Day Response Window and the Two-Year Suit Deadline Mean for You
IRS Letter 105-C fully disallows your refund claim — respond within 30 days and protect the two-year suit deadline, which Appeals never pauses.