Sublease Accounting Under ASC 842: How to Split One Lease Into Two Without Breaking Either
Your head-lease liability stays while the sublease adds a second set of books — classify by the underlying asset, present gross, test for impairment.
Mike Thrift
Marketing Manager
Zoom Q2 FY2027 Earnings: $1.54B Net Income on a $1.61B Anthropic Markup
Zoom's Q2 FY2027: $1.54B GAAP net income on $1.28B revenue, driven by a $1.61B unrealized Anthropic markup — operating income fell 2% to $314M.
1099 Filing Software Compared: Track1099 (Avalara) vs. Tax1099 vs. the Free IRS IRIS Portal
Tax1099 and Avalara start near $3 per form with volume tiers, while IRS IRIS e-files 1099s free — compare price, state filing, and W-9 tools.
What Are the All-Events Test and Economic Performance? The Two Rules That Decide Which Tax Year an Accrual-Basis Deduction Belongs To
An accrual-basis deduction needs a fixed liability, a determinable amount, and economic performance under IRS Section 461(h) — miss one and it moves a year.
Change in Accounting Estimate vs. Change in Principle: Why a Longer Useful Life Hits Prospectively While LIFO-to-FIFO Restates the Past Under ASC 250
Estimate changes apply prospectively; principle changes restate history via retained earnings — and the IRS wants Form 3115 for the tax side.
Cost Centers vs. Profit Centers vs. Investment Centers: Give Every Manager a Number They Actually Control
Match each manager's target to their authority: cost centers own spending, profit centers own margin, investment centers earn ROI above the required return.
Debt Snowball vs. Debt Avalanche: Whether Paying the Smallest Balance or the Highest Rate First Gets You Debt-Free Faster
The avalanche minimizes interest paid, but research shows snowball users finish more often — pick the payoff order you'll still follow in month 14.
The Dividends Received Deduction, Explained: How C Corporations Deduct 50%, 65%, or 100% of Dividends
C corporations deduct 50%, 65%, or 100% of dividends received — once the stock clears the 45-day holding period. IRS tiers, limits, and traps explained.
Flux Analysis, Explained: How Comparing Account Balances Across Periods Catches Errors, Variance, and Fraud Before the Books Close
Flux analysis compares each account to last period and demands a reason for every material move — catching misposts, stale accruals, and fraud before the close.
Interval Funds, Explained: How Quarterly Repurchase Windows Let Ordinary Investors Reach Private Markets
Interval funds repurchase 5–25% of shares quarterly at NAV, but oversubscribed offers prorate — so check the policy, fees, and history first.
Per Stirpes vs. Per Capita: How One Latin Phrase Decides Whether Your Grandchildren Inherit
Per stirpes routes a deceased beneficiary's share to their descendants; per capita gives it to the surviving beneficiaries instead.
Plaid vs. MX vs. Finicity: Which Bank-Data Aggregator Sits Behind Your Accounting Feed?
MX enriches transactions best, Finicity leads lending verification, and Plaid connects the most banks — pick your feed by where you bank, not by brand.