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ACCOUNTING SERVICES
Whether you are looking for an experienced controller or support navigating daily accounting and regulatory requirements, we have a solution that fits your needs, when you need it.
ASSURANCE & AUDIT
Do you require audited financial statements, fraud investigation or a comprehensive audit of your IT systems? Our assurance team will help you optimize your processes and minimize risks.
BUSINESS AND INDIVIDUAL TAX
Sine 1942, we have been setting the standard for strategic tax planning and preparation. We pride ourselves on delivering quality, value-driven results to individuals and businesses alike.
INTERNATIONAL ADVISORY
We specialize in helping transnational entities, businesses, entrepreneurs, and investors maximize global profits and solve commercial impediments inherent to the international sector.
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For nearly 80 years
R&A has been committed to helping our clients achieve their financial goals with comprehensive public accounting and consulting services.
Our continued success is based on a proactive approach that provides you with specific strategies that meet your financial objectives. R&A’s professional staff demonstrates our strong commitment by finding the best opportunities and implementing solutions that specifically fit your needs.
Many of our clients are still with us since the beginning and reflect the diverse and unique character of the Southern Arizona business community. These clients lead the way in international and foreign trade, not for profit service, technology, innovation as well as education and tourism.
We welcome the opportunity to talk with you about your goals and opportunities!
POWERFUL INSIGHTS
Foreign Earned Income: The Tax Situation
If you live overseas, you will likely find yourself in a special tax situation and may need to file Form 2555, Foreign Earned Income. You may be eligible for an exclusion that allows you to exclude a certain amount of income from taxation ($107,600 in 2020 and $108,700 in 2021). Who qualifies for the foreign earned income exclusion?…
Pros and Cons of Tax Extensions
In general, individual and trust income tax returns are due on April 15th of each year, while partnerships and corporations must file by March 15th. If your accountant thinks there is a reasonable chance that you will not be able to file your tax return on time, they will file an automatic request for extension with…
Arizona Tax Credits
Contributions to Qualifying Charitable Organizations: An individual who makes a cash donation to a qualifying charitable organization can receive a tax credit of up to $400 for single, head of household and married filing separately taxpayers or $800 for married filing jointly taxpayers. You have until April 15, 2021 to make cash contributions that can…
2021 Economic Impact Payment Status Available
The IRS has a new tool for checking when and how they have sent your 2021 Economic Impact Payment if you are eligible to receive one. Information about the tool, ‘Get My Payment,’ can be found at https://www.irs.gov/coronavirus/get-my-payment. Or, click this link https://sa.www4.irs.gov/irfof-wmsp/login to directly access the tool. Information provided through the tool updates once…
COVID Relief Bill Provides 100% COBRA Premium Subsidy and Enrollment Option for Involuntarily Terminated Employees
The Consolidated Omnibus Budget Reconciliation Act (COBRA), provides eligible employees and their dependents the option of continued health insurance coverage when an employee loses their job or experiences a reduction of work hours. One of the provisions of the American Rescue Plan Act of 2021 (ARPA) recently passed by Congress is a 100% COBRA premium…
R&A CPAs Named To Forbes Best Tax And Best Accounting Firms Lists 2021
Tucson, AZ – March 9, 2021 – R&A CPAs, one of Southern Arizona’s leading public accounting and business advisory firms, has been named by Forbes as one of the top firms of 2021 in their annual America’s Best Tax and Accounting firms lists. Forbes and Statista, a database company specializing in market and consumer data,…
IRS Issues Warning on Fraudulent Unemployment Forms
You may also contact R&A for assistance if you received Form 1099-G for unemployment income you did not receive.
Pros and Cons of Tax Extensions
In general, individual and trust income tax returns are due on April 15th of each year, while partnerships and corporations must file by March 15th. If your accountant thinks there is a reasonable chance that you will not be able to file your tax return on time, they will file an automatic request for extension with…
Arizona Tax Credits
Contributions to Qualifying Charitable Organizations:An individual who makes a cash donation to a qualifying charitable organization can receive a tax credit of up to $400 for single, head of household and married filing separately taxpayers or $800 for married filing jointly taxpayers. You have until April 15, 2021 to make cash contributions that can be…
