Rwanda's Digital VAT Is Live: What Online Sellers Owe Under the April 2026 Rules
Rwanda's April 2026 order taxes online goods and digital services at 18% VAT — foreign sellers must register with the RRA or banks withhold it.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
The Retail Inventory Method, Explained: Estimating Ending Inventory Without Counting Every SKU
The retail inventory method estimates ending inventory at cost by applying your cost-to-retail ratio to unsold stock — no shelf count, just sales records.
Reporting-Time Pay, Explained: The "Show-Up Pay" Rules That Kick In Every Time You Send a Scheduled Employee Home Early
No federal law requires show-up pay, but eight US states plus DC do — California owes half the shift (2–4 hours) when you send scheduled staff home early.
You Won a Hackathon (or a Sweepstakes, or a Car): How the IRS Taxes Prize Winnings and the One Legal Way to Refuse One
US prize winnings are ordinary income at fair market value — report them on Schedule 1 even when no 1099-MISC arrives under the 2026 $2,000 threshold.
How to Vet Your Outsourced Bookkeeper's IT Security: 10 Questions
Under the FTC Safeguards Rule, bookkeepers must keep a written security plan with MFA and encryption. Ask these 10 questions before granting access.
Nanny Placement Agency Bookkeeping: Placement Fees, Replacement Guarantees, and Why the Family Is the Employer
Your agency refers; the family employs. Book placement fees as earned, reserve for replacement guarantees, and brief every family on 2026 IRS nanny-tax rules.
Loan-Out Corporations for Actors and Performers: How Getting Paid Through Your Own Company Works
A loan-out corporation restores the business-expense deductions the IRS permanently denies W-2 performers — at $3,000 to $6,000 a year to run.
The LLC Annual Report Deadline Every State Hides Differently: A 50-State Compliance Calendar for 2026
States set LLC annual reports on a fixed date, your anniversary month, or a two-year cycle — miss one and Florida alone adds a $400 late fee before dissolution.
Israel's ₪5,000 Invoice Rule: What Osek Murshe Businesses Must Do Before Every B2B Sale
Since June 1, 2026, Israeli B2B tax invoices above ₪5,000 need a Tax Authority allocation number or the buyer cannot deduct input VAT.
Prove You're Tax Compliant in Minutes: The IRS's New Digitally Authenticated Tax Compliance Report
The IRS Tax Compliance Report (Letter 6201/6574) proves you filed and paid on time with an embedded digital certificate — no income details shared.
How to Get Rid of PMI: Cancel at 80% LTV, Automatic Termination at 78%, and Why FHA Loans Play by Different Rules
Conventional PMI ends two ways: request cancellation in writing at 80% LTV, or wait for automatic termination at 78%. FHA MIP can run for the loan's life.
Honduras' 2026 Tax Amnesty and RIT Extension: What Small Businesses Should Know
Honduras waives penalties on tax arrears through 2025 if paid by October 12, 2026 — and extends RIT duty-free imports five years for exporters.