Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Under Incoterms 2020, DDP is the only rule where the seller pays import duties — under EXW, DAP, and every other term, the buyer absorbs each tariff change. This guide maps how each term allocates duty risk, why suppliers are shifting from DDP to DAP, and how to capitalize duties into landed cost under ASC 330.
A 2025 Intuit QuickBooks survey found 56% of small businesses carry unpaid invoices, averaging $17,500 owed. Here is the full small claims path — demand letter, state dollar limits, naming the right defendant, evidence packet, and the levies and liens that turn a judgment into cash.
No federal law requires time off to vote, but 29 states plus D.C. do — most of them paid, several with misdemeanor penalties. What small employers owe before the November 3, 2026 midterms.
Vermont Act 142 (H.648) takes effect July 1, 2027 — licenses for funders and brokers, factoring swept in, confessions of judgment voided, and an estimated APR on every offer. What borrowers and funders should do now.
Since September 30, 2025, the Treasury has stopped issuing paper refund and vendor checks under Executive Order 14247. Here is how business refunds, IRS payments, and federal contract remittances work now.
Since 2018, trading in a business vehicle is a taxable sale, not a tax-free swap — the trade allowance minus your adjusted basis is gain, depreciation is recaptured as ordinary income on Form 4797, and the new vehicle's depreciable basis is its full cost.
Solo patent agents bill 30–50% below large-firm attorneys, but the discount only works with disciplined books — unearned fees held in a client trust account under 37 CFR 11.115, milestone-based flat-fee recognition, and per-matter profitability tracking across multi-year prosecutions.
A life settlement payout splits into three slices — basis tax-free, gain up to cash surrender value as ordinary income, the rest as capital gain. Here is how a business reports it, plus Forms 1099-LS, 1099-SB, 8925 and Section 101(j).
Advance rent is taxable the year you receive it; a refundable security deposit is not income until you keep it. The split, the state escrow and interest rules underneath it, and the journal entries that keep both straight.
A married couple co-owning an unincorporated business is taxed as a partnership by default, but the qualified joint venture election lets each spouse file a separate Schedule C and Schedule SE instead — no Form 1065, and both spouses earn Social Security credits. Both spouses must materially participate, and businesses held in an LLC or corporation cannot use it.
Portland raised its Business License Tax gross-receipts exemption from $50,000 to $75,000 for 2026 and $100,000 for 2027, the first update since 2007. Who qualifies, why exempt businesses must still register and file, and how to track revenue against the cliff.
Most PEO brokers are paid by the PEO you pick, not by you — a commission that can vary by provider. Here are the compensation, network, and CPEO questions to ask before signing, and when going direct is faster.
