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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.

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11 min read

The Full-Time Creator's Bookkeeping Playbook: Twitch's Two 1099s, ASC 606 Sponsorships, and Section 179 Gear

A practical bookkeeping guide for full-time Twitch streamers and YouTubers — how Twitch splits payouts across 1099-MISC Box 2 and 1099-NEC, when to recognize sponsorship revenue under ASC 606, when to choose Section 179 over 100% bonus depreciation on a $20,000 studio buildout, how to defend a home office deduction under Section 280A, and the ARPS, eCPM, and cost-per-hour KPIs that separate a hobby channel from a viable creator business.

Mike Thrift

creative-industriesself-employment-taxbookkeeping
13 min read

Specialty Coffee Roaster Bookkeeping: Green Coffee Lot Costing, ASC 606 Subscriptions, and SCA Benchmarks

Specialty coffee roasters lose 13-20% of green weight to roasting plus 1-2.5% to bag overfill, and most under-cost roasted inventory as a result. This guide covers lot-level standard costing, ASC 606 subscription deferred revenue, Section 263A producer capitalization, and Section 179 expensing on drum roasters, with SCA benchmarks for gross margin, DTC churn, and inventory turns.

Mike Thrift

bookkeepinginventoryrevenue-recognition
14 min read

Stacking the Self-Employed Health Insurance Deduction with the Premium Tax Credit, HSA, and Augusta Rule: A 2026 Owner Compensation Playbook

A field guide to coordinating the Section 162(l) self-employed health insurance deduction with the Premium Tax Credit's circular calculation, HSA contributions, and the Augusta Rule (Section 280A(g)) — including Form 7206 mechanics, S-corp W-2 Box 1 reporting under IRS Notice 2008-1, Medicare Part B and D deductibility, and 2026 contribution limits.

Mike Thrift

tax-planningtax-deductionshealth-insurance
11 min read

Section 1202 QSBS Exclusion: A Founder's Guide to $15 Million in Tax-Free Gains

Section 1202 lets founders, early employees, and angel investors exclude up to $15 million of capital gains from federal tax. This guide covers the OBBBA changes, the five eligibility gates, the new 3/4/5-year tiered holding period, Section 1045 rollovers, and stacking strategies that multiply the per-issuer cap across family members and non-grantor trusts.

Mike Thrift

tax-planningcapital-gainsstartup
13 min read

Salon Suite and Booth Rental Bookkeeping: A Practical Guide for Suite Operators and Independent Stylists

How salon-suite operators and booth-renting stylists should separate ASC 842 lease revenue from ASC 606 service revenue, capitalize the build-out under QIP and Section 179, navigate the DOL 2024 worker-classification rule and state ABC tests, and track the few KPIs — suite occupancy, RevPRSF, average tenure — that actually predict location survival.

Mike Thrift

bookkeepingreal-estateleases
16 min read

Residential Assisted Living Bookkeeping: A Complete Guide for 6-to-16 Bed Owner-Operators

A working guide to bookkeeping for owner-operated residential assisted living and personal care homes — ASC 606 treatment of community fees, payer-mix subledgers for Medicaid waiver and VA Aid and Attendance, caregiver W-2 vs 1099 classification, cost segregation strategy after the 2025 bonus depreciation reset, and the seven KPIs that predict profitability in 6-to-16 bed senior care homes.

Mike Thrift

bookkeepinghealthcarerevenue-recognition
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