Jamaica Raised Its GCT Exemption Threshold to $15 Million — and Digital Services Are Next
Jamaica raised its GCT registration threshold from J$10M to J$15M in April 2025; firms between the lines can deregister or stay registered voluntarily.
Blog
Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
The IRS Assigned Your Tax Debt to a Private Collector: What the CP40 Notice Means and How to Handle the Call
The IRS must assign old tax debts to private collectors CBE, Coast or ConServe — verify the CP40 notice and authentication number before paying a cent.
Indoor Go-Kart Track Bookkeeping: Budgeting Six-Figure Maintenance Against Per-Race Revenue
A kart track costs $500,000 to $3M+ to open, then taxes every race with tire, battery, and brake wear. Budget maintenance per race or price blind.
When Should You Fire a Customer? Run the Numbers Before You Walk Away
Customer profit equals net revenue minus direct costs minus cost to serve — rank every account, reprice the tail, and release what will not pay.
You Filed the Wrong 1099 — Now What? How to Fix a 1099-NEC or 1099-MISC Before Penalties Stack Up
Fix a wrong 1099-NEC or 1099-MISC with one form for amount errors, two for name or TIN errors — and beat the 30-day window to hold the IRS penalty to $60.
Farm Income Averaging on Schedule J: How Farmers and Fishers Smooth Tax Across Good and Bad Years
Schedule J lets farmers and fishers spread a bumper year's income across the prior three years' lower brackets — average savings topped $4,400 in one study.
The ERISA Fidelity Bond Your 401(k) May Be Missing: The 10% Rule, the $1,000 Floor, and the $500,000 Cap
ERISA requires your 401(k) bonded for 10% of plan funds, $1,000 minimum, $500,000 cap, $1M with employer stock. Most bonds cost under $500 a year.
Do You Need a Business License? The Federal, State, and Local Permits Most New Owners Miss
Registering your LLC is not a license to operate. Most businesses need federal, state, and local permits — here is how to find every one of yours.
Djibouti's Guichet Unique: Register Your Business and Get Tax-Compliant in One Visit
Djibouti's Guichet Unique registers your trade name, tax number, business licence, and CNSS account at one counter in about three days.
Deducting a Cruise or Foreign Conference: The $2,000-a-Year Cruise Ship Cap, the North American Area Rule, and Why Section 274(h) Disallows Most Overseas Conventions
Cruise-ship conventions cap at $2,000 a year and most overseas meetings fail Section 274(h) — what the IRS still allows, and the records that prove it.
Someone Used Your Photo Without Paying. Federal Court Costs a Fortune — This Online Tribunal Hears Claims Up to $30,000
The Copyright Claims Board hears copyright claims up to $30,000 entirely online for $100 in fees — but you need a registration application to file.
From First Brand Deal to S-Corp: A Content Creator's Tax Playbook for 2026
Creators owe 15.3% self-employment tax from $400 in net profit, plus quarterly estimates — and an S-corp election saves five figures past ~$60K profit.