#finance
Finance
Essential finance concepts and practical insights for modern accounting
Colombia's Simple Regime (RST) for Freelancers: How Sole Proprietors Trade Complex Deductions for a Flat Bimonthly Tax in 2026
Colombia's Régimen Simple de Tributación lets freelancers pay a flat bimonthly tax that replaces income tax and VAT. Learn 2026 RST brackets, when the flat rate beats the ordinary regime, and the electronic invoicing that keeps you eligible.
Computer Repair Shop Bookkeeping: Costing Refurbished Inventory, Splitting Break-Fix From Recurring MSP Revenue, and Why Data Recovery Margins Are the Business's Best-Kept Secret
A computer repair shop that lumps break-fix, MSP, and refurbished sales into one revenue line can't price any of them. Learn how to split the streams, cost refurbished inventory, and track the data recovery margin that subsidizes the front counter.
Cottage Food Laws Just Got a Food Freedom Upgrade: How 9 States Now Let Home Bakers Sell Cheesecakes and Cream Pies Without a Commercial Kitchen
Nine states now let home bakers sell TCS foods like cheesecake under food freedom laws. Learn where the line moved in 2026, what still needs a license, and the bookkeeping that keeps a home bakery from outgrowing cottage status.
The COVID-19 Disaster Relief Refund Deadline Is July 10, 2026: Your Last Chance to Claim an Extended Refund Under Section 7508A
The IRS postponed COVID-19 disaster deadlines under Section 7508A and the Taxpayer Advocate says July 10, 2026 is the last day to protect your refund. Learn who qualifies, which returns are covered, and how to file a protective claim before the window closes.
Dog Daycare Bookkeeping: Separating Daycare, Boarding, and Grooming Revenue Streams, Deferred Package Pricing, and Depreciating a Six-Figure Buildout
A dog daycare that lumps daycare, boarding, and grooming into one revenue line can't price any of them. Learn how to split streams, handle package deferred revenue, and depreciate a six-figure play-yard and kennel buildout.
Earnouts and Contingent Payment Accounting: How to Record a Deal's Contingent Portion When You Don't Know If You'll Collect It
Earnouts tie part of a sale price to future performance. Learn how buyers and sellers should book contingent payments, when to recognize revenue or adjust purchase price, and the tax traps that turn a good earnout into a bad surprise.
Embedded Insurance at Checkout: How the $180B+ Market for Software-Bundled Business Coverage Is Changing How Small Businesses Buy Insurance
Embedded insurance at checkout is a $180B+ market where coverage is sold inside the software you already use. Learn how checkout and API-bundled policies work, what they cover, and the bookkeeping that keeps bundled premiums auditable.
Escape Room Business Bookkeeping: Per-Room Revenue Tracking, Game-Master Payroll, and Budgeting the 8–12% Annual Equipment Depreciation Nobody Plans For
Escape rooms earn per session, but pay per hour and depreciate props fast. Learn per-room revenue tracking, game-master labor costing, and how to budget the 8–12% annual refresh that keeps rooms bookable.
Estate Sale Company Bookkeeping: Why Consignment Proceeds Are a Liability, Not Revenue, and How to Reconcile the Account-Sales Report Before You 1099 Anyone
Estate sale companies handle consignment proceeds that belong to the estate, not the company. Learn why gross sales are a liability, how to book the account-sales report, and the 1099-K vs. 1099-MISC decision before you report someone else's money.
The 2026 Estimated Tax Underpayment Penalty: How the IRS's 6–7% Quarterly Compounding Rate Actually Adds Up for Small Business Owners
The IRS underpayment penalty for 2026 is 6–7% with quarterly compounding. Learn how the penalty is calculated per quarter, the $1,000 safe harbors, and the bookkeeping that keeps a small business from paying interest on its own tax.
FASB's ASU 2026-01, Explained: How Founders and PE-Backed Companies Must Now Measure PIK Dividends on Preferred Stock
FASB's ASU 2026-01 changes how PIK dividends on preferred stock are measured — at fair value, not par — and requires retrospective application. Learn what it means for founders, PE-backed companies, and earnings per share.
Financial Data Security and Cybersecurity for Small Business Bookkeepers: NIST Frameworks, Encryption Standards, and the New SBA Cybersecurity Loan Program
Bookkeepers hold the keys to payroll, banking, and tax data. Learn the NIST-based controls small businesses should implement, what encryption and backups actually mean for a ledger, and how the SBA's new cybersecurity loans help fund the fix.