Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
EE and I bond interest is federal-tax-free for college tuition — unless the bonds were ever in your child's name. Form 8815 rules and 2026 limits.
A 10-year oyster lease books as an ASC 842 right-of-use asset; 12-month grow-out costs track by cohort until harvest.
An HSA excess pulled with its earnings by April 15 (October 15 on extension) owes no 6% IRS penalty — just income tax on the earnings.
Federal CCPA caps all creditor garnishments at 25% of disposable earnings combined; child support takes priority up to 50–65%. How US employers rank orders.
McCormick's Q3 FY2026 sales rose 17.4%, only 1.9 points organic; $141.5M of merger and impairment charges cut EPS to $0.36 while adjusted EPS held $0.86.
Most states let a dissolved LLC reinstate by filing missed reports and paying back fees, but the gap can expose owners personally and free up your name.
IRS rules let your business deduct a Little League banner as advertising — but only with visible promotion and a paper trail.
Lithuania's small-business tax rose to 7% in 2026 and the 9% VAT rate is gone — recompute advance payments and fix invoice templates before year-end.
Under ASC 842, ending a lease early means derecognizing the ROU asset and lease liability and booking the difference — plus the fee — as a gain or loss.
Jabil's FY2026 revenue rose 21% to $36.0B, yet GAAP net income was $1.04B — a 2.9% margin. Trace the AI-server economics and $13.09 core EPS in a public ledger.
The IRS pulled its Delinquent FBAR Submission Procedures on July 1, 2026. Late FBARs still aren't auto-penalized — reasonable cause is now your shield.
Illinois waives all penalties and interest on 2021–2026 remote-seller sales tax paid at a flat 9% by October 31, 2026; after that, IDOR may assess 15%.
