Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Under the FLSA, day-rate and piece-rate workers still earn overtime: divide weekly pay by hours worked, then add a half-time premium for each hour over 40.
Spirits in bond carry no excise tax; removal to a tasting room triggers $2.70–$13.50 per proof gallon. Book it as inventory cost so your ledger ties to TTB.
SBA 7(a) loans charge 5/3/1% only on 15-year-plus terms prepaid within 3 years, while 504 penalties run 10 years — run the breakeven before paying off early.
Split hide and meat revenue, reconcile every CITES tag to cash, and carry 15-month grow-out costs correctly on Schedule F.
A 12-seat shuttle van at $35 a seat breaks even near 27% load per run, but empties and deadhead push real routes to 40–60%. Track fees per airport.
IRS rules require Form 1099-NEC for affiliates paid $2,000 or more in 2026 — collect W-9s before the first payout or face 24% backup withholding.
A 412(e)(3) plan funds pensions through insurance contracts, letting owners in their 50s deduct $100,000+ a year — with IRS-mandated fixed premiums.
A thrift flip's true cost has five layers: price, prep, mileage, fees, shipping. Track them all, deduct only sold inventory, and reconcile 1099-Ks for the IRS.
Rental garments are fixed assets, not supplies: amortize them over 6–36 months, cost the plant per pound, and let route density set what the business sells for.
Tunisia's auto-entrepreneur regime taxes freelancers 0.5% of turnover up to 75,000 TND, with no VAT and CNSS cover for about 20 TND a month.
A surf school's closed months still cost $3,000–$8,000 each. Size the trough first, then cover it with a revolving line or SBA Seasonal CAPLine, not an MCA.
Pop-up dinner tickets are deferred revenue until the meal is served — book them as a liability, cost each event per cover, and never spend the float early.
