#guides
Step-by-step guides for accounting, bookkeeping, and financial tasks
When you sell depreciated business equipment or a vehicle, Section 1245 recharacterizes gain up to the depreciation you took as ordinary income — reported on Form 4797, not Schedule D or Schedule C. This guide walks basis, adjusted basis, amount realized, and the recapture math with plain-text bookkeeping examples.
California SB 122 makes SaaS and other digital products subject to sales tax from January 1, 2027, with Colorado's HB 26-1223 flipping the same day. This guide maps SaaS taxability across all 50 states as of August 2026, explains economic nexus thresholds like California's 500,000 dollars plus the 5-million-dollar purchaser self-assessment rule, and gives a pre-January compliance checklist for software sellers and buyers.
US dependent care FSA limit rises to $7,500 for plan years after 2025 — what federal employers and employees must change.
Most week-to-week rent-to-own agreements are operating leases, not credit sales — the unit stays on your books as depreciating rental inventory, each payment splits into lease revenue, bundled services, and fees, and a repossession is a status change rather than a gain or loss. Covers lease-versus-sale classification, repossession entries, doubtful-rent allowances, and the payout math that decides whether a unit makes money.
Rhode Island's SB 3212, signed in June 2026, lets business owners remove fraudulent UCC filings through an administrative complaint, authorizes the Department of State to refuse suspicious filings, and requires misleading "annual report" solicitation letters to disclose that they are advertisements. The same defenses — quarterly UCC searches, entity-record checks, and fee verification — work in every state.
On July 4, 2026, the SBA doubled its combined 7(a)/504 borrowing ceiling from $5 million to $10 million. This guide explains how the stacking works, which limits stayed in place, and the loan-tracking bookkeeping a $10 million capital structure demands.
WOSB certification requires unconditional, direct 51% ownership and genuine control by women who are U.S. citizens, and must now come from SBA or an approved third-party certifier — it unlocks set-aside competition in 733 industries and sole-source awards up to $6.5 million.
Navigate 2026's paid family and medical leave programs across Delaware, Minnesota, and Maine. Learn employer contribution rates, eligibility requirements, payroll updates, and compliance deadlines to stay audit-ready.
A practical breakdown of paid family and medical leave rules, employer costs, and compliance deadlines for Minnesota (0.88%), Delaware (employee-funded), and Maine (0.68%) effective January–May 2026.
Courts pierce the corporate veil when owners can't show documented governance — meeting minutes, written resolutions, and clean separation of business and personal funds — so a folder of dated records plus consistent bookkeeping is the practical defense against personal liability.
Business brokers and M&A advisors charge Double Lehman commissions of 10% down to 2% by tier, but minimum fee floors, non-creditable retainers, expense reimbursement, and tail clauses routinely add 5-20% on top of the quoted success-fee percentage.
Float centers combine spa-level rent, pool-level utility bills, and prepaid package liabilities — a mix generic bookkeeping hides. How to structure a chart of accounts around utilities and Epsom salt costs, treat 5-packs and memberships as deferred revenue, and model break-even on tank hours sold versus tank hours available.
