icon

Services

Icon Rounded Chevron Dark - BRIX Templates
Tax Preparation & Planning Accounting & BookkeepingAudit and AssurancePayroll & 1099 ServicesSales TaxFractional CFOReal Estate & Property Management

Company

Icon Rounded Chevron Dark - BRIX Templates
About usOnboarding ProcessCareers
Data SecurityBlogs
Let’s talk
Icon
Icon
Get In Touch
icon

blog

Strategies to optimize your finances

Recent Posts

Single-Entry vs Double-Entry Bookkeeping: A Simple Guide

July 24, 2026

CPA vs EA vs Tax Attorney: Which Tax Professional Do You Actually Need?

July 24, 2026

Data Breach Response for Tax Professionals: How Preparers Report Data Theft to the IRS

July 24, 2026

July 22, 2026

How to Sell Your Accounting Firm: Valuation, Scaling, and Finding the Right Buyer

Sell your accounting practice for more: how valuation and multiples work, how scaling lifts the price, and how to find the right buyer.

Read more

July 22, 2026

Accounting Firm vs CPA Firm: The Difference and Which One You Need

The difference between an accounting firm and a CPA firm, explained simply, plus how to choose the right one for your financial needs.

Read more

July 22, 2026

Circular 230 Due Diligence and What It Demands of Your Tax Practice

How Circular 230 due diligence works: the reasonable care every tax practitioner owes, what the Office of Professional Responsibility enforces, and where firms slip.

Read more

July 22, 2026

1099 Contractor vs W-2 Employee: How to Classify Workers the Right Way

1099 contractor vs W-2 employee, explained: who withholds taxes, how the IRS decides, the penalties for getting classification wrong, and how to choose.

Read more

July 22, 2026

Form 1125-A, Cost of Goods Sold, and How to Report COGS on Your Taxes

Form 1125-A is how corporations and partnerships report cost of goods sold to the IRS. See who must file and the line-by-line COGS math.

Read more

July 22, 2026

The Schedule M-3 Book-Tax Reconciliation, From Per Books to Per Return

Schedule M-3 is the IRS book-tax reconciliation for Form 1065 and 1120 filers. Requirements, purpose, and how it differs from Schedule M-1.

Read more
Previous
Next
Services
Tax Preparation & PlanningAccounting & BookkeepingAudit and AssurancePayroll & 1099 ServicesSales TaxFractional CFO
company
About usCareersOnboarding ProcessContact UsPrivacy PolicyTerms & Conditions
Resources
Data SecurityBlogFAQs
company
+1 (818) 491-6518
info@madrasaccountancy.com
Social media

certificates
SOC 2
CERTIFIED
ISO 27001
CERTIFIED

Subscribe to our newsletter for expert financial tips, industry news, and updates straight to your inbox

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

BDO Alliance USA is among the industry’s largest associations of accounting and professional service firms. With more than 800 independent Alliance firm locations, the Alliance represents nearly every state and includes a comprehensive range of services.

Copyright © 2025 Madras Accountancy. All rights reserved.