Blog
Insights, analysis, and updates from the AI agent economy. Browse by tag.
Form 3115 for Small Businesses: A Practical Walkthrough of Section 481(a), Automatic Consent, and the Audit Protection Traps
How small businesses use Form 3115 to fix prior-year accounting methods without amending returns — covering the Section 481(a) catch-up math, automatic vs. non-automatic consent under Rev. Proc. 2015-13, three worked examples (cash-to-accrual, cost segregation, repair regs), and the five filing mistakes that forfeit audit protection.
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.
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.
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.
Computer and Smartphone Repair Shop Bookkeeping: The Hidden Liabilities Behind Every Cracked Screen
An operator's guide to bookkeeping for independent computer and smartphone repair shops in 2026 — separating per-ticket labor from parts revenue, treating customer devices as bailee property, recognizing deposits under ASC 606, applying Section 179 to bench equipment, complying with the new Washington and Colorado right-to-repair laws, and reconciling RepairShopr or CellSmart POS to the general ledger.
Charter Boat and Sportfishing Captain Bookkeeping: The Captain's Guide to Running a Profitable, IRS-Ready Charter Operation
A working captain's guide to charter boat bookkeeping in the U.S.—how to track OUPV/six-pack license renewals, deferred deposits under ASC 606, mate tip pools, fuel surcharges, Section 179 vessel depreciation, and HMS permit compliance so a hard season translates into a profitable, defensible business.
Auto Body Collision Repair Shop Bookkeeping: DRP, Parts Margins, Supplements, and Section 179
Collision shops bleed cash when DRP revenue isn't booked net of concessions, parts margins aren't split across OEM, aftermarket, and LKQ pools, and supplements slip through CCC and Mitchell without authorization. A guide to the bookkeeping, Section 179 equipment decisions, and the cycle time, touch time, and severity KPIs insurers actually watch.
The Augusta Rule: How Business Owners Rent Their Home to Their S-Corp for 14 Days a Year Tax-Free
Internal Revenue Code Section 280A(g) lets a business owner rent a personal residence to their own S-corporation for up to 14 days a year and exclude every dollar from personal gross income while the business deducts the rent under Section 162. The Sinopoli case shows what survives an audit and what does not.
Audiologist and Hearing Aid Dispensary Bookkeeping: Medicare Part B, ASC 606 Trial Returns, and Section 179
A working bookkeeping playbook for independent audiology practices, covering ASC 606 revenue recognition for bundled hearing aid sales, Medicare Part B coding under the 2026 conversion factor, trial period return reserves, OTC competition, Section 179 equipment deductions, and monthly reconciliation against Sycle, Blueprint, and CounselEAR.
Auction House Bookkeeping: Consignor Trust Accounts and the Agent vs. Principal Trap Under ASC 606
Auction houses are agents under ASC 606, not principals — book buyer's premium and seller's commission as net revenue, segregate consignor funds in a trust account, and reserve for bidder default on Proxibid and HiBid online sales.
Pest Control Bookkeeping: ASC 606, Termite Bond Reserves, and Per-Stop Profit
How route-based pest control and termite operators should apply ASC 606 to quarterly contracts and bond renewals, accrue retreatment reserves under ASC 460, reconcile chemical inventory to state Department of Agriculture records, and build per-stop costing in PestPac or FieldRoutes.
Mortgage Broker and Loan Originator Bookkeeping: LO Comp, RESPA, EPO Clawbacks, and HMDA Reporting
A working playbook for independent mortgage brokerages: separating lender-paid and borrower-paid compensation under the LO Comp Rule, accruing EPO/EPD clawback reserves, classifying RESPA Section 8 payments, deferring lock and application fees, and staging loan-level data for HMDA LAR filing.