#bookkeeping
Modern bookkeeping techniques using plain-text and automated workflows
Master year-end closing entries: learn the four steps to zero revenue, expense, and dividend accounts, transfer net income via Income Summary to retained earnings (or capital), verify with a post-closing trial balance, and see how Beancount handles closing without manual entries.
Connecticut's S.B. 3 takes effect July 1, 2026: every business advertising to Connecticut must show an all-in price that includes all mandatory fees. Learn who must comply, the tax and shipping exceptions, how it compares to the FTC rule, and the bookkeeping checklist to align your price tags, POS, and ledger.
A flat $55 shop rate quietly underprices illuminated and digital sign work while vinyl subsidizes the loss. Learn how to split every quote into materials with 7% indeterminates and 1.5x markup, fully burdened labor including payroll taxes and workers comp, and installation as a separate crew and equipment profit center — with a sample channel letter worksheet and a bookkeeping setup that makes estimates match actuals.
Federal overtime stays at $684 per week after the 2024 rule was vacated, but Washington ($80,168), California ($70,304), Colorado ($57,784), New York ($62,400–$66,300), and Maine ($45,300) now exceed it for 2026 — learn the three-test rule, where state law controls, and a six-step payroll audit to avoid back-pay and liquidated damages.
FAA Part 108 replaces one-off Part 107 BVLOS waivers with 24-month permits and certificates for drones up to 1,320 lbs. Learn the five cost buckets, insurance pricing at $475-$4,000 per drone, and the cost-per-flight-minute formula that turns BVLOS approvals into profitable pricing.
FinCEN's April 7, 2026 proposal would fundamentally reform AML/CFT program rules under the Bank Secrecy Act, replacing box-checking with effective, reasonably designed, risk-based programs. Learn the five key changes, the design-vs-implementation test, and a 10-step checklist for MSBs and fintechs.
Florida's Senate Bill 316 authorizes protected series LLCs starting July 1, 2026 — one parent LLC can house multiple legally segregated series. This guide explains formation and naming, what keeps the liability shield intact, how the IRS treats each series as a separate taxpayer, and the per-series bookkeeping that makes the structure hold up.
Farm payroll doesn't use Form 941. Learn how Form 943's annual filing, the $150 per-worker and $2,500 aggregate cash-wage tests for FICA and withholding, and the separate $20,000 FUTA threshold work in 2026, plus the bookkeeping split that keeps farm and nonfarm liabilities off the wrong return.
Stripe deducts fees, holds refunds, and settles net, so your bank deposit never equals your revenue. Book the gross sale, expense the fee separately, and treat each payout as a transfer from your Stripe balance, then reconcile to Stripe's balance in under 30 minutes a month.
America has 3,849 indoor golf venues with a median bay rate of $40 per hour. Learn how to book bay rentals vs memberships with deferred revenue, capitalize and depreciate $15K–$40K simulator hardware under 2026 Section 179 ($2.56M) and 100% bonus, and why waiting a full season before selling annual passes protects cash flow.
The IRS can levy bank accounts and wages without a court order under Section 6331, but must send a Final Notice (LT11/Letter 1058) and offer a 30-day Collection Due Process hearing under Section 6330. Banks must hold levied funds 21 days under Section 6332(c), giving owners time to prove hardship or propose an alternative.
Crypto staking rewards and frequent token trading can trigger unrelated business income tax for nonprofits. Learn the three-part UBIT test, when dominion and control makes rewards taxable, how Form 1099-DA and 1099-MISC report differently in 2026, and a bookkeeping checklist to track lots and file Form 990-T.
