#section-179
Section 179
IRC Section 179 expensing election, annual deduction caps, phase-out thresholds, and qualifying property for small business equipment write-offs
Custom Cabinet and Millwork Shop Bookkeeping: ASC 606, Job Costing, and Section 179
How custom cabinet and architectural millwork shops should account for long-lead contracts under ASC 606, allocate CNC machine-hour burden, hold customer deposits as liabilities, reserve for hardwood yield loss, and expense equipment under the 2026 Section 179 limit of $2.56M.
Driver Education School Bookkeeping: Prepaid Lessons, Dual-Brake Vehicles, and Instructor Classification Risk
A working accounting backbone for a state-licensed driving school — deferring prepaid teen package revenue under ASC 606, Section 179 treatment for dual-brake training vehicles outside the Section 280F luxury-auto caps, the ABC-test exposure of paying per-diem instructors on 1099, a self-insured-retention reserve accrued per behind-the-wheel hour, and the operational KPIs (vehicle utilization, package redemption rate, first-attempt DMV pass rate) that separate growing schools from those quietly bleeding cash.
Fertility Clinic and IVF Practice Bookkeeping: ASC 606, Refund Guarantees, and Donor Pass-Throughs
A practical guide to fertility-clinic accounting — applying ASC 606 across IVF cycle obligations, estimating refund-guarantee liabilities, treating donor and gestational-carrier fees as agent pass-throughs, recognizing cryostorage revenue ratably, and using Section 179 on embryology lab equipment.
Funeral Home Bookkeeping: Preneed Trusts, FTC Funeral Rule, and ASC 606 for Death-Care Providers
Independent funeral homes prepay-then-perform service decades later, which creates preneed trust liabilities, ASC 606 deferred revenue, FTC Funeral Rule itemization requirements, and cash advance pass-throughs that off-the-shelf bookkeeping templates mishandle. This guide shows how to structure books that survive a state mortuary board audit, IRS review, and sale due diligence.
Granite, Quartz, and Natural Stone Fabricator Bookkeeping: Slab Inventory, CNC Burden, and Builder-vs-Retail Margins
A practical bookkeeping guide for granite and quartz countertop shops — slab-level inventory by bundle number, machine-hour burden rates for bridge saws and CNCs, ASC 606 over-time revenue recognition, channel-separated builder versus retail P&L, and warranty reserves that hold up under audit.
Independent Bicycle Shop and E-Bike Dealer Bookkeeping: Floorplan Curtailment, Service Margins, Lithium-Ion Compliance, and KPIs
How independent bicycle and e-bike shops should book floorplan financing and curtailment, separate service labor from parts revenue, hold customer repair deposits as a liability, comply with UL 2849 and California SB 1271 lithium-ion rules, and track the KPIs floorplan lenders actually review.
Independent Boba and Bubble Tea Shop Bookkeeping: Drink-Level COGS, Loyalty Breakage, and the KPIs That Actually Predict Survival
A working accounting backbone for an independent boba shop — recipe-card COGS down to the tapioca pearl, ASC 606 deferred revenue for loyalty and gift cards, Section 179 treatment for pearl cookers and heat sealers, the Section 45B FICA tip credit on Form 8846, FDA calorie disclosure thresholds, and the FDD Item 19 KPIs (ADS, prime cost, drinks per labor hour) that separate operators who scale from operators who close.
Independent Cinema and Drive-In Bookkeeping: Film Rental, Concession Margins, and ASC 606 Deferred Revenue
Independent theaters keep 10-50% of box office after the distributor split but 85-92% of every concession dollar. This guide covers film rental settlements, ASC 606 deferred revenue for gift cards and movie passes, concession COGS by category, breakage and state escheatment, and Section 179 expensing for digital projectors and recliner seating.
Independent Pizzeria Bookkeeping: Prime Cost, ASC 606 Delivery Revenue, FICA Tip Credit, and Section 179
Independent pizzerias survive only when prime cost — food plus labor — stays at or below 60% of sales. This guide covers booking DoorDash and Uber Eats revenue gross under ASC 606, claiming the FICA tip credit on Form 8846, capitalizing deck and conveyor ovens under Section 179, and building recipe cards that expose the gap between theoretical and actual food cost.
Wedding and Portrait Photography Studio Bookkeeping: Retainers, Second Shooters, Section 179, and Tave Reconciliation
How independent wedding and portrait photographers should recognize booking retainers as deferred revenue under ASC 606, classify second shooters under the ABC test, capitalize mirrorless gear under Section 179, and reconcile Tave, Studio Ninja, and HoneyBook with the general ledger.
Indoor Climbing and Bouldering Gym Bookkeeping: A Complete Guide for Facility Operators
How indoor climbing and bouldering gyms should handle deferred membership revenue under ASC 606, Section 179 elections on walls and holds, W-2 vs 1099 setter classification, insurance reserves, and operating KPIs like revenue per square foot, churn, and member density.
Junk Removal and Dumpster Rental Bookkeeping: Roll-Off Day Rates, Tipping Fees, and Per-Truck-Day Economics
A bookkeeping field guide for junk removal and dumpster rental operators — ASC 606 treatment of roll-off rentals and overage tonnage, tipping fees as direct cost of service, Section 179 and bonus depreciation on hooklift trucks, Form 2290 and FMCSA compliance accounts, and the per-truck-day KPIs that decide route profitability.