Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Manifest math for pallet flippers: allocate landed cost per item, stack eBay and Amazon fees before you bid, and reconcile gross IRS 1099-K totals to deposits.
Outsourced coding is priced per chart ($2–$5), hourly, or at 4–8% of collections — track revenue per coder-hour to see which contracts actually pay.
File by October 15 and the IRS failure-to-file penalty — 5% a month, ten times the failure-to-pay rate — stops; it is also the last day to fund a 2025 SEP-IRA.
A $5.50 latte costs $0.95–$1.40 to pour, but event fees, commissary rent, and unpaid setup eat the margin — cost every drink and set a contract minimum.
Kentucky HB 757 repealed the 200-transaction nexus test and made data brokering taxable at 6% on August 1, 2026 — re-test nexus before cancelling a permit.
Kansas revises local sales tax rates every quarter and holds retailers liable for tax they should have collected — use this 10-step checklist each quarter.
IRS TIN Matching is free and catches name/TIN mismatches before you file 1099s — each bad return can cost up to $340 plus 24% backup withholding.
IRS CP501, CP503 and CP504 arrive in a fixed sequence — CP504 is the Notice of Intent to Levy, and the final notice gives 30 days to file Form 12153.
Illinois HB 228 requires all-in pricing from January 1, 2027 — mandatory fees belong in the advertised price; only taxes, government fees and shipping stay out.
Seasonal hires get full FLSA protection: overtime past 40 hours, the highest applicable federal, state, or city minimum wage, and Form I-9 within three days.
A hot shop furnace burns 24/7, so book fuel as fixed overhead, not COGS — then price each piece on revenue per furnace-hour, sellable yield, and color cost.
Roughly 5–6% of carrier bills are calculated inaccurately — match each freight invoice to its contract and BOL, then dispute overcharges within 180 days.
