Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
One missed Form 941 deposit draws a 2–15% IRS failure-to-deposit penalty, and unpaid trust fund taxes can become 100% personally yours under the TFRP.
Owner-operators deduct 80% of the $80 IRS transportation per diem rate — $64 a day — not 50%. Claim only overnight days and prorate partial days at 75%.
Seven signs you have outgrown your CPA firm, the months when switching is cleanest, and the data-handoff and engagement-letter checklists to use.
ACA affordability hits a record 9.96% for 2026 plan years and the Medicare Part D notice is due before October 15 — the small employer's full checklist.
Medicaid waiver payments under IRS Notice 2014-7 are excludable difficulty-of-care income when the recipient lives in your home — but the W-2 still arrives.
Beancount.io hosted ledgers now turn a managed price URL include into ordinary read-only price directives — and any price you wrote yourself still wins.
A COPAS joint interest billing audit window closes 24 months after the calendar year ends — check overhead rates, AFE overruns and your decimal before it shuts.
Selling SaaS abroad can trigger ITAR or EAR duties via downloads, deemed exports, and encryption — classify first, screen every deal, keep 5 years of records.
The IRS holds interest at 7%, compounded daily, for Q4 2026 — a $10,000 balance costs about $178 a quarter, matching the estimated-tax penalty rate.
Hawaii has no sales tax — the GET taxes your gross receipts at 4.5% including county surcharges, and 4.712% is the most you may legally show a customer.
Your 1099-SA Box 1 total isn't a tax bill: Form 8889 nets it against qualified medical expenses, and nonmedical withdrawals under age 65 draw the extra 20%.
The Fed raised rates to 3.75–4% on Sept 16, 2026 and prime hit 7.00% the next day: every prime-plus business line, SBA 7(a) loan and card reprices now.
