FactSet FY2026: GAAP EPS Missed at $14.57, Adjusted Beat at $18.01
FactSet's FY2026 GAAP EPS of $14.57 missed guidance while adjusted EPS of $18.01 beat it. We walk the $126.0M gap between the two net incomes, item by item.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
You Overpaid an Employee — Here's How to Get It Back Without Breaking the Law
An overpaid employee owes you the net, not the gross — recover it with written consent, IRS same-year corrections, and no dip below minimum wage.
Earnest Money Deposits for Small Business Property Buyers: Applied, Refunded, or Forfeited
A forfeited deposit on business property is usually a deductible loss — capital or ordinary — while the IRS bars any deduction on a personal home.
Dog Treat Bakery Bookkeeping: Licenses, Labels, Farmers Market Cash, and Shelf-Life Shrinkage
Pet treats are animal feed, not cottage food: budget the feed license, AAFCO labels, per-bag labor cost, and shrinkage before your first market day.
Pay Their Tuition or Medical Bills Directly and Owe Zero Gift Tax: How the Section 2503(e) Exclusion Works
IRS Section 2503(e) excludes direct tuition and medical payments from gift tax entirely — no cap, no Form 709, and room and board don't qualify.
Colorado's HB26-1088: How the New Fraudulent-Filing Law Protects Your Business Name
Colorado HB26-1088 voids unpaid filings, bans fraudulent registered agents, and fast-tracks scam-entity dissolution — effective August 12, 2026.
Cintas Q1 FY2027: 51.5% Gross Margin on $3.01B, With UniFirst Pending
Cintas Q1 FY2027 revenue rose 10.9% to $3.01B with a record 51.5% gross margin; five years of filings show which cost lines moved it.
When Your Church's Kindness Creates a Tax Bill: Benevolence Funds and Love Offerings Done Right
Benevolence paid to a church employee is always taxable IRS wages on Form W-2 — gifts to needy non-employees are tax-free. The policy that keeps both straight.
The 14-Cent Charitable Mileage Deduction: What Volunteer Drivers Can Deduct, What Records the IRS Requires, and Why the Rate Never Changes
The IRS charitable mileage rate is 14 cents a mile, frozen by statute since 1998. What volunteer drivers can deduct, and the log that proves it.
Cal-Maine Q1 FY2027: Eggs Fall 59%, $199M Profit Turns to $59M Loss
Cal-Maine's conventional egg price fell 59.3% in Q1 FY2027, turning $199.3M of profit into a $58.6M loss. Five years of filings show the full commodity cycle.
Buying an Existing Franchise Instead of Building One: Transfer Fees, Approvals, and the Lease Clause That Can Kill the Deal
A franchise resale needs franchisor approval, a transfer fee, and a lease assignment to close — verify all three plus the seller's numbers before you sign.
BlackBerry Q2 FY2027: Revenue Up 26% to $163M, a Record QNX Quarter and a Sixth Straight Profit
BlackBerry's Q2 FY2027 revenue rose 26% to $163.3M on a record $80.3M QNX quarter, lifting net income to $33.9M — a sixth straight GAAP profit.