Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Canada's GST/HST small-supplier exemption is based on worldwide taxable sales, not Canadian-only revenue, so a US seller with zero Canadian sales can already owe registration once global sales pass CA$30,000 in a quarter or over four trailing quarters.
California's SB 648 takes effect January 1, 2026, giving the Labor Commissioner direct authority to fine employers $250 to $1,000 per violation for deducting credit card processing fees from employee tips, a practice already banned under Labor Code Section 351.
C-PACE financing lets commercial property owners fund HVAC, solar, and resiliency upgrades with 100% financing repaid through the property tax bill at 5.5%-9.5% fixed rates over 20-30 years, though the senior-lien structure requires existing mortgage lender consent, which is the most common closing bottleneck.
A $150,000 CNC lathe bought at auction and fully expensed under 100% bonus depreciation can generate roughly $37,500 in first-year tax savings at a 25% effective tax rate, but only if the buyer's premium, sales/use tax, and rigging costs are correctly capitalized into cost basis first.
Broadcom's FY2025: $63.9B revenue (+23.9%) and GAAP net income of $23.1B, up 292% from $5.9B — but decomposing the $17.2B swing shows revenue growth explains only 72% of it, with roughly $4.8B coming from a tax provision flipping to a $397M benefit plus one-time restructuring and discontinued-operations reversals. The durable signals are Infrastructure Software's operating margin rebounding to 76.8%, above its pre-VMware baseline, and AI semiconductor revenue guided to roughly double to $8.2B. Rebuilt line by line in a public Beancount ledger, FY2021–FY2025.
Boatsetter and GetMyBoat report gross transaction volume on Form 1099-K, not your net payout, so record the full charter price as revenue and the platform commission as a separate expense — and track bareboat versus captained bookings separately, since adding a captain shifts income from Schedule E to Schedule C self-employment tax.
Illinois's Biometric Information Privacy Act requires a written policy, notice, and signed consent before any fingerprint, palm-vein, or facial-recognition time clock scans an employee, with damages of $1,000–$5,000 per violation and similar consent rules now spreading to Texas, Washington, and roughly twenty other states.
A billiard business budget in one screen: table-hour revenue, league fees as deferred revenue, and bar margin — with a numeric example for your P&L.
Apple's Q2 FY2026 revenue reached $111.2 billion (+17% YoY) with expanding margins across every geographic segment, and a new $100 billion buyback authorization pushed retained earnings positive for the first time since fiscal 2021. Full income statement and balance sheet, FY2021-Q2 FY2026, in a public Beancount ledger.
Amazon's FY2025: $716.9B net sales (+12.4%) and a record $77.7B net income (+31.1%) — but operating income grew only 16.6%, with a $15.2B non-operating equity gain accounting for $7.0B after tax. AWS grew 19.7% to $128.7B and produced 57% of company operating income on 18% of revenue, while PP&E jumped $104.4B in a single year. Modeled line by line in a public Beancount ledger.
Alphabet's Q1 2026 revenue was $109.9B (+21.8% YoY) with Google Cloud accelerating to 63% growth and backlog above $460B, but the 82% jump in diluted EPS to $5.11 rests largely on a $37.7B other-income line — mostly unrealized marks on non-marketable equity securities. Backing out the $36.9B equity-securities gain leaves EPS near $2.76, roughly flat against last year's $2.81. Rebuilding the FY2022–Q1 2026 books in a public Beancount ledger shows exactly where the gain landed — non-marketable securities rose from $68.7B to $106.9B, not cash.
Major carriers including Chubb, Travelers, and Berkshire Hathaway have added AI exclusion endorsements (ISO's CG 40 47 and CG 40 48) to general liability and E&O policies, with over 80% of exclusion requests approved by state regulators, leaving small businesses using chatbots and AI writing tools newly exposed to uncovered claims.
