Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Benevolence paid to a church employee is always taxable IRS wages on Form W-2 — gifts to needy non-employees are tax-free. The policy that keeps both straight.
The IRS charitable mileage rate is 14 cents a mile, frozen by statute since 1998. What volunteer drivers can deduct, and the log that proves it.
Cal-Maine's conventional egg price fell 59.3% in Q1 FY2027, turning $199.3M of profit into a $58.6M loss. Five years of filings show the full commodity cycle.
A franchise resale needs franchisor approval, a transfer fee, and a lease assignment to close — verify all three plus the seller's numbers before you sign.
BlackBerry's Q2 FY2027 revenue rose 26% to $163.3M on a record $80.3M QNX quarter, lifting net income to $33.9M — a sixth straight GAAP profit.
Raised bison breeding stock carries zero IRS basis but still earns Section 1231 treatment at culling; purchased animals depreciate over five years.
A US spray-drone business needs Part 107, a Section 44807 exemption, a Part 137 certificate, and a state commercial license before its first paid acre.
Acuity's FY2026 GAAP EPS rose 36.1% to $17.05 while adjusted EPS rose only 10.5%; tariff refunds and a 2025 pension charge explain the gap.
Validate every bank account before the first ACH payment with a prenote, micro-deposits, or instant verification — plus a callback on every detail change.
Visa requires express consent, instant terms, a 7-day pre-billing reminder, and easy online cancel for free trials — miss one and the dispute is unwinnable.
TD SYNNEX's Q3 FY2026 revenue rose 37.7% to $21.6B at a 1.93% net margin, while inventory grew $5.8B and free cash flow hit −$976M. Read it in a public ledger.
Supporting a parent can unlock a $500 IRS dependent credit, head-of-household status, plus medical and care deductions.
