Latest Articles

Our Blogs

Insights, updates, and best practices for U.S. CPA firms navigating tax, audit, and offshore accounting.

Section 4960 Excise Tax: The 2026 Expansion Nonprofits Need to Know

Published On:
September 30, 2026
Section 4960's 21% excise tax now reaches far more nonprofit employees. See who is a covered employee in 2026 and what changed.
Read more

Section 45S Paid Family Leave Credit: The Permanent 2026 Rules

Published On:
September 30, 2026
‍The Section 45S paid family leave credit is permanent for 2026 with new options. See who qualifies, the amounts, and how to claim it.
Read more

Opportunity Zones 2026: What Changes When the Program Becomes Permanent

Published On:
September 30, 2026
Opportunity zones become permanent in 2027 under the One Big Beautiful Bill. See the new deferral, rural bonus, and the 2026 handoff.
Read more

Profits Interests and Induced Conversions: The ASU 2024-01 and 2024-04 Adoptions Firms Overlook

Published On:
September 30, 2026
ASU 2024-01 clarifies profits interest awards and ASU 2024-04 addresses induced debt conversions. Here is what both mean for 2026 reporting.
Read more

Employer Trump Account Contributions Under Section 128

Published On:
September 30, 2026
New Section 128 lets employers contribute up to $2,500 tax-free to an employee's child's Trump account. Here is how the benefit and rules work.
Read more

Prohibited Foreign Entity Rules: How They Affect Energy Tax Credits

Published On:
September 30, 2026
New prohibited foreign entity rules can disqualify clean energy tax credits. See the material assistance limits and 2026 IRS guidance.
Read more

Qualified Production Property: The New 100% Depreciation for Factories

Published On:
September 30, 2026
Qualified production property lets you expense a factory building in year one. See who qualifies, the dates, and the IRS rules for 2026.
Read more

100% Bonus Depreciation Is Back in 2026: The New Permanent Rules

Published On:
September 30, 2026
100% bonus depreciation is permanent again under the One Big Beautiful Bill. See what qualifies in 2026 and the key acquisition date.
Read more

Federal Scholarship Tax Credit: How the New Section 25F Credit Works

Published On:
September 30, 2026
The new federal scholarship tax credit gives up to $1,700 for donations to scholarship organizations. See how it works and when it starts.
Read more

SAS 149 Takes Effect: Risk-Based Group Audits and Referred-To Auditors

Published On:
September 30, 2026
SAS 149 changes how group audits work for periods ending on or after December 15, 2026. See the risk-based approach and the referred-to auditor role.
Read more

The 2026 Form W-2 Redesign: New Box 12 Codes and the Box 14b Occupation Code

Published On:
September 30, 2026
The final 2026 Form W-2 adds box 12 codes TP, TT, and TA for tips, overtime, and Trump accounts, plus a box 14b occupation code. See what changed.
Read more

Mandatory Roth Catch-Up Contributions Arrive in 2026: The $150,000 Wage Test Explained

Published On:
September 30, 2026
Starting in 2026, high earners must make 401(k) catch-up contributions as Roth. See the $150,000 wage test, the 2026 limits, and what plans must do.
Read more

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.

BDO alliance USABDO alliance USA

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.
Copyright © 2026 Madras Accountancy. All rights reserved.