Business Line of Credit vs. Term Loan: How to Choose the Right Financing in 2026
A line of credit charges interest only on what you draw; a term loan charges it on the full sum from day one. Use lines for cash gaps, loans for assets.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
QuickBooks Automated 1099s: W-9 Collection, the New $2,000 Threshold, and What Still Breaks
QuickBooks Automated 1099 flags contractors and requests W-9s, but the IRS $2,000 threshold, backup withholding and box mapping still need your review.
Are Your Licensees Underpaying You? A Small Licensor's Guide to Royalty Audits
Nearly 9 in 10 audited licensees underpay royalties, mostly by accident. The 7 errors audits find, the red flags, and the audit clause that shifts the cost.
Marriage Penalty vs. Marriage Bonus: What Filing Jointly Really Costs (or Saves) You in 2026
A single $120K earner saves $7,530 filing jointly in 2026, while two top earners pay up to $10,250 more — federal thresholds decide.
Leaving the US? You May Need an IRS Sailing Permit Before You Board
Most non-citizens leaving the US need an IRS sailing permit: file Form 2063 or 1040-C in person 2 weeks to 30 days before you depart.
Your Stock Went to Zero: How the Worthless-Securities Deduction Works
Stock that became totally worthless is deemed sold Dec. 31 under IRS Section 165(g) — report $0 proceeds on Form 8949 and amend up to 7 years back.
Taqueria Bookkeeping: Yield Math, Shrinkage Controls, and Pricing That Keep a Street Taco Profitable
A $2.50 taco lives on pennies: cost it at cooked-protein yield, log salsa-bar waste, and price delivery apps 30% higher to keep a taqueria profitable.
Snow Tubing Hill Bookkeeping: Session Pricing, Lift Costs, and Surviving a 10-Week Season
A tubing hill earns its year in about 70 days. Track revenue per session-slot, hold a weather reserve, and book deposits and gift cards as liabilities.
Took the Company Plane on Vacation? How SIFL Values Personal Flights on Business Aircraft
IRS SIFL rules value personal flights on company jets at cents per mile, not charter cost — H2 2026 rates, control-employee multiples, W-2 reporting.
Sand and Gravel Quarry Bookkeeping: Depletion, Royalties, and the Reclamation Bond That Outlives Your Mine
Sand and gravel pits get 5% percentage depletion under IRS rules — compute cost and percentage methods yearly, claim the larger, and mind the 50%-of-income cap.
Safety Stock, Reorder Points, and EOQ: Three Formulas That Stop Stockouts Without Tying Up Your Cash
EOQ sets how much to order, safety stock absorbs demand spikes, and the reorder point sets when to buy — worked examples that cut stockouts without idle cash.
Paid VAT on a European Business Trip? How US Companies Can Reclaim It Under the 13th Directive
US companies can reclaim EU VAT on hotels, conferences, and trade shows under the 13th Directive — if reciprocity holds and you beat the June 30 deadline.