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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
R&A CPAs Wins Clearlyrated’s 2021 Best Of Accounting Award For Service Excellence
Clients of winning firms are twice as likely to be completely satisfied. Tucson, AZ – February 9, 2021 – R&A CPAs, one of Southern Arizona’s leading public accounting and business advisory firms, announced today that they have won the Best of Accounting Award for providing superior service to their clients. ClearlyRated’s Best of Accounting® Award…
Filing Taxes for the Deceased
Death doesn’t cancel a final responsibility: paying income taxes. A decedent’s executor must file one last income tax return for the deceased if the deceased’s income surpassed a certain threshold. And even if a return isn’t required, a return may be necessary anyway to obtain a refund. The executor must take into account all the…
What To Know About S-Corp Returns
An S corporation is a “pass-through” entity – profits and losses from the corporation are reported on the tax returns of individual shareholders who also are responsible for paying S corporation tax. The S corporation has a responsibility to file an informational income tax return each year as well as IRS forms that relate to…
Relief for Leasing Concessions Related to COVID-19
In light of the devastating economic impacts of the COVID-19 pandemic, an unprecedented number of leasing concessions have been negotiated between lessees and lessors. Typically, companies reporting under generally accepted accounting principles would be required to determine if each impacted leasing contract includes enforceable rights and obligations to provide for concessions under the circumstances. If…
I got a notice from the IRS! What do I do now?
Every year, the IRS mails millions of letters and notices to taxpayers for a wide variety of reasons. In this article, we’ll explore some of the reasons IRS mails these letters or notices and give you some tips on what to do, and not do, if you receive one from the IRS. Each letter or…
2021 COVID-19 Updates
Tax season is underway, and we have a few updates and reminders for our valued clients. As has been the case since last March, due to the pandemic our physical office remains closed. In lieu of face to face, electronic meetings have worked well by phone or conference call platforms. Many of our team members…
Important Changes to the Employee Retention Credit
On December 27, President Trump signed the second COVID-19 stimulus bill (the Consolidated Appropriations Act, “CAA”), that includes special benefits for small businesses, i.e., companies with 100 employees or fewer. The Employee Retention Credit (“ERC”) allows these small businesses that have previously received Payroll Protection Program (PPP) loan forgiveness to also obtain an ERC provided that the same…
New Stimulus Has Plenty for Small Business
The pandemic relief package, the Consolidated Appropriations Act, 2021 (“CAE”) gives a break to small businesses by reopening the Paycheck Protection Program (PPP) so that some of the hardest-hit small businesses can apply for a second loan. The new round of loans will be limited to those with fewer than 300 employees that have seen drops…
Tax-Related Identity Theft
Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Often, the first indication that you have been a victim of identity theft is when e-file of your form 1040 is rejected by the IRS because a return has already been filed under your…
