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

Accountable Plans and Tax-Free Expense Reimbursement

Published On:
July 30, 2026
How an accountable plan lets you reimburse employees for business expenses tax-free, the IRS rules, and how it beats a non-accountable plan.
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Fringe Benefits and Taxes: What's Taxable and What's Not

Published On:
July 30, 2026
A plain-English tax guide to fringe benefits: which employee perks are taxable, how to value and report them on the W-2, and what the IRS excludes.
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A Sales Tax Exemption Certificate Is the Seller's Audit Shield

Published On:
July 30, 2026
A sales tax exemption certificate lets a purchaser buy tax-free and shields the seller in an audit. Who qualifies and how blanket ones work.
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How the Pass-Through Entity Tax Turns State Tax Into a Federal Deduction

Published On:
July 30, 2026
PTET lets pass-through entities like partnerships pay state tax at the entity level, giving owners a deduction past the SALT cap.
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Multi-State Payroll Taxes and What Employers Need to Get Right

Published On:
July 30, 2026
Multi-state payroll means handling tax compliance across multiple states. Here is how employers navigate multi-state payroll the right way. 
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The Trust Fund Recovery Penalty: When Unpaid Payroll Taxes Become Personal

Published On:
July 30, 2026
What the Trust Fund Recovery Penalty (TFRP) is, who the IRS treats as a responsible person, what willful means, and how to fight or avoid it.
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SQMS and the AICPA Quality Management Standards

Published On:
July 30, 2026
What SQMS is, why the AICPA replaced quality control, and how CPA firms implement a system of quality management.
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Audit, Review, or Compilation and the Key Differences That Matter

Published On:
July 30, 2026
An audit, review, and compilation are three financial statement services a CPA can provide, each with a different level of assurance. 
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The SOC 1 Report: What It Covers and Who Needs One

Published On:
July 30, 2026
A plain-English guide to the SOC 1 report: what it covers, how it differs from SOC 2 and SOC 3, Type I vs Type II, and who needs one.
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Schedule M-3 Is the Book-to-Tax Reconciliation for Bigger Filers

Published On:
July 30, 2026
Schedule M-3 reconciles book net income to taxable income on the 1120 and 1065. Who must file, the $10M and $50M rules, and the reconciliation.
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Single Audit Requirements for Federal Awards

Published On:
July 30, 2026
What a single audit is, who needs one, and how the compliance audit of federal awards works under the Uniform Guidance.
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CECL: A Plain-English Guide to the Expected Credit Loss Model

Published On:
July 30, 2026
What CECL is, how the expected credit loss model replaced incurred loss, what falls under ASC 326, the allowance, and who has to comply.
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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.

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