Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Shareholder advances survive IRS scrutiny on behavior, not labels: a written note at or above the AFR, unsubordinated terms, and payments you actually make.
A rabbi trust defers tax but leaves the employee behind your creditors in bankruptcy; a secular trust is IRS-taxed at funding. Pick by who bears credit risk.
The SBA's SBIC rule effective February 2, 2026 opens a $53B program to manufacturers and suppliers — debt from $250K to $10M at 9–16%, equity from $100K to $5M.
Panama's free DGI biller now stops at B/.36,000 annual gross income and 100 documents a month - cross either line and every invoice must go through a PAC.
Manifest math for pallet flippers: allocate landed cost per item, stack eBay and Amazon fees before you bid, and reconcile gross IRS 1099-K totals to deposits.
Outsourced coding is priced per chart ($2–$5), hourly, or at 4–8% of collections — track revenue per coder-hour to see which contracts actually pay.
File by October 15 and the IRS failure-to-file penalty — 5% a month, ten times the failure-to-pay rate — stops; it is also the last day to fund a 2025 SEP-IRA.
A $5.50 latte costs $0.95–$1.40 to pour, but event fees, commissary rent, and unpaid setup eat the margin — cost every drink and set a contract minimum.
Kentucky HB 757 repealed the 200-transaction nexus test and made data brokering taxable at 6% on August 1, 2026 — re-test nexus before cancelling a permit.
Kansas revises local sales tax rates every quarter and holds retailers liable for tax they should have collected — use this 10-step checklist each quarter.
IRS TIN Matching is free and catches name/TIN mismatches before you file 1099s — each bad return can cost up to $340 plus 24% backup withholding.
IRS CP501, CP503 and CP504 arrive in a fixed sequence — CP504 is the Notice of Intent to Levy, and the final notice gives 30 days to file Form 12153.
