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

Beneficial Ownership Information (BOI) Reporting: Who Must File With FinCEN Now

Published On:
July 30, 2026
Beneficial ownership information (BOI) reporting explained: who must file with FinCEN now, who is exempt, and the rules for foreign companies.
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LLC vs C Corp: Which Business Structure Is Right for You?

Published On:
July 30, 2026
LLC vs C Corp compared: how each business structure handles taxes, liability, and ownership, and how to choose the right one for your business.
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The Accounting Engagement Letter: A Practical Guide, Template, and Best Practices

Published On:
July 30, 2026
What an accounting engagement letter is, what to include, and how to write one. Template, best practices, and key clauses to protect your firm.
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The Three Financial Statements: What They Are and How They Connect

Published On:
July 30, 2026
The three financial statements explained: how the income statement, balance sheet, and cash flow statement work and connect into one clear picture.
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‍Understanding GAAP: Generally Accepted Accounting Principles, Explained

Published On:
July 30, 2026
Understand GAAP, the generally accepted accounting principles behind US financial statements, who must follow GAAP, and key differences from IFRS.
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What Is an Enrolled Agent (EA)? The IRS Tax Expert, Explained

Published On:
July 30, 2026
What an enrolled agent (EA) is, what an EA can do, how an EA compares to a CPA, and how to become an enrolled agent through the IRS.
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Accrual Accounting Explained: How It Works and Who Needs It

Published On:
July 30, 2026
A clear guide to accrual accounting: how it records revenue and expenses, how it differs from cash accounting, and which businesses need it.
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Tax Preparation Outsourcing for Accounting Firms: A Complete Guide

Published On:
July 30, 2026
A clear guide to tax preparation outsourcing for accounting firms: what it is, what to outsource, the benefits, and how to pick a partner.
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SOC 2 and Secure Outsourcing: A 2026 Guide to Type II Compliance

Published On:
July 30, 2026
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Section 7216 Consent: What Tax Return Preparers Must Know

Published On:
July 30, 2026
IRS Section 7216 requires written consent before a preparer can disclose or use tax return information. Here is what the consent form needs.
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What Is a CPA? The Role of a CPA and the Services They Offer

Published On:
July 30, 2026
What is a CPA and what services do they offer? A clear look at the role of a CPA, from audit and tax to advisory services and more.
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Does Your Small Business Need a CPA? When to Hire a CPA or an Accountant

Published On:
July 30, 2026
Does your small business need a CPA, an accountant, or a bookkeeper? Here is when to hire each, what a CPA can do, and how to choose.
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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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