The IRS Quietly Ended Penalty-Free Late FBARs: A Late Filer's Guide
The IRS pulled its Delinquent FBAR Submission Procedures on July 1, 2026. Late FBARs still aren't auto-penalized — reasonable cause is now your shield.
Mike Thrift
Marketing Manager
Jabil FY2026: $36B of Revenue and the 2.9% Margin of Building AI Servers for Others
Jabil's FY2026 revenue rose 21% to $36.0B, yet GAAP net income was $1.04B — a 2.9% margin. Trace the AI-server economics and $13.09 core EPS in a public ledger.
How to Book a Lease Termination Fee Under ASC 842: The ROU Asset, the Liability, and the Gain or Loss Most Tenants Miss
Under ASC 842, ending a lease early means derecognizing the ROU asset and lease liability and booking the difference — plus the fee — as a gain or loss.
Lithuania's 2026 Tax Reform: What the 7% Small Business Rate and the End of 9% VAT Mean for You
Lithuania's small-business tax rose to 7% in 2026 and the 9% VAT rate is gone — recompute advance payments and fix invoice templates before year-end.
Sponsoring the Local Little League? How to Deduct It as Advertising Instead of Losing It as a Nondeductible Gift
IRS rules let your business deduct a Little League banner as advertising — but only with visible promotion and a paper trail.
LLC Administratively Dissolved? Reinstatement, Back Fees, and Your Liability Shield
Most states let a dissolved LLC reinstate by filing missed reports and paying back fees, but the gap can expose owners personally and free up your name.
McCormick Q3 FY2026: 17% Sales Growth, a $0.36 Quarter, and the $142M Between Them
McCormick's Q3 FY2026 sales rose 17.4%, only 1.9 points organic; $141.5M of merger and impairment charges cut EPS to $0.36 while adjusted EPS held $0.86.
When Two Garnishments Hit One Paycheck: The Employer's Guide to Caps, Priority, and Liability
Federal CCPA caps all creditor garnishments at 25% of disposable earnings combined; child support takes priority up to 50–65%. How US employers rank orders.
Overfunded Your HSA? How to Pull the Excess Back Out Before the 6% Penalty Starts Compounding
An HSA excess pulled with its earnings by April 15 (October 15 on extension) owes no 6% IRS penalty — just income tax on the earnings.
Oyster Farm Bookkeeping: Why Your 10-Year Aquaculture Lease Is a Balance-Sheet Asset
A 10-year oyster lease books as an ASC 842 right-of-use asset; 12-month grow-out costs track by cohort until harvest.
Paying for College With Savings Bonds? How the Education Exclusion Makes EE and I Bond Interest Tax-Free
EE and I bond interest is federal-tax-free for college tuition — unless the bonds were ever in your child's name. Form 8815 rules and 2026 limits.
How to Reconcile Shopify Capital Loans Without Double-Counting Revenue
Shopify Capital proceeds are a liability, not revenue: book remittances against the loan, amortize the fee, and tie gross sales to your IRS Form 1099-K.