Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Patent filing and legal fees are capitalized, not expensed — then amortized over the shorter of 20 years or useful life under Section 167.
H&R Block FY2026: $736.3M net income (+20.8%) on $3.95B revenue, flattered by an $84.1M IRS settlement; adjusted EPS up 13.9% to $5.31.
A $38 NNN quote can cost more than a $45 gross one once taxes, insurance, and CAM land on you — compare total occupancy cost, not headline rent.
A ghost card is a corporate card number assigned to a purpose, not a person — MCC limits and Level 3 data make it reconcilable.
Under IRS Rev. Rul. 2004-86, a DST interest counts as like-kind real estate — roll sale proceeds into passive property and defer gain under Section 1031.
The IRS failure-to-file penalty runs 5% a month — ten times the failure-to-pay rate. Filing on time when you cannot pay is the cheapest move.
Your bank turns idle checking balances into credits that pay your service fees — size the balance to your fees or the surplus expires monthly.
A classified balance sheet sorts assets and liabilities into current and non-current sections — the subtotals behind working capital and the current ratio.
Cash ratio equals cash and equivalents divided by current liabilities; 0.5-1.0 is the healthy zone for most small businesses.
A blank signature turns your check into bearer paper anyone can cash — write For deposit only above your signature instead.
The IRS bank deposits method totals your deposits, adds cash spending, and taxes the gap over reported receipts — documented non-income deposits rebut it.
A balloon loan amortizes over 30 years but matures in 5 to 7, leaving most principal due at once — refinance early or fund the lump sum deliberately.
