Section 179 Deduction Limits for Tax Year 2026
For tax year 2026, Section 179 lets you expense up to $2,560,000 of qualifying equipment, with phase-out starting at $4,090,000 (Pub. 946).
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Revenue Recognition: The Complete Guide for Small Business Owners
Understanding revenue recognition is crucial for small business owners to accurately record income and avoid financial pitfalls. This guide clarifies when revenue is earned and its implications for financial statements and tax compliance.
The R&D Tax Credit: How Small Businesses Can Save Up to $500,000 a Year
Learn how small businesses can leverage the R&D tax credit to save significant amounts on their federal tax liabilities, even if they aren't in traditional research fields.
How Modern Finance Teams Are Replacing Spreadsheet Chaos with Code-Based Workflows
Finance teams are transforming their operations by moving away from traditional spreadsheets to code-based workflows, enhancing data accuracy and freeing up time for strategic analysis.
Lease Accounting for Small Businesses: A Practical Guide to ASC 842
Understand the essentials of lease accounting under ASC 842 for small businesses, including how to classify leases and strategies for compliance, ensuring your financial decisions are informed and audit-ready.
Inventory Management and Accounting for Small Businesses: A Practical Guide
Effective inventory management is crucial for small businesses, impacting revenue and operational efficiency. This guide covers essential inventory accounting practices, valuation methods, and common pitfalls to help you optimize your inventory strategy.
How to Respond to IRS Notices: A Complete Guide for Small Business Owners
Learn how to effectively respond to IRS notices as a small business owner. This comprehensive guide covers common notices, response strategies, and tips to protect your business from penalties.
How to Read and Understand Financial Statements: A Small Business Owner's Guide
Understanding financial statements is crucial for small business owners. This guide simplifies the three core financial statements, highlights key metrics to monitor, and identifies warning signs of financial trouble.
How to Create a Small Business Budget: A Step-by-Step Guide
Creating a budget is essential for small businesses to avoid cash flow problems and ensure financial stability. This step-by-step guide outlines the process of developing a budget that serves as a financial roadmap for your business.
Fixed Asset Management: How to Track, Depreciate, and Optimize Your Business Assets
Learn how to effectively track, depreciate, and optimize your business assets to prevent losses and make informed financial decisions. This guide provides essential insights for small businesses on managing fixed assets.
Equity Compensation for Small Businesses: Stock Options, ESOPs, and Profit-Sharing Plans Explained
Learn how equity compensation can help small businesses attract and retain top talent. This guide covers stock options, ESOPs, profit-sharing plans, and their tax implications to help you choose the right structure for your business.
How to Prepare for a Crypto Tax Audit: A Complete Guide to IRS Compliance
Prepare for a crypto tax audit with essential insights on IRS compliance. Learn how the IRS treats cryptocurrency and what you need to do to stay compliant and protect your investments.