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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.

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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.

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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.

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INTERNATIONAL ADVISORY

We specialize in helping transnational entities, businesses, entrepreneurs, and investors maximize global profits and solve commercial impediments inherent to the international sector.

TESTIMONIALS

PEOPLE

R&A’s most important asset is our people. We devote significant time and resources to keeping our staff current on the latest accounting topics. Our goal is to empower our team to grow in their career, building the skills necessary to serve our clients with best-in-class solutions.

CLIENTS

R&A’s clients are more than just a name on a form—we know that each client comes to us with a unique background and our team of professionals forge relationships with our clients that span generations of families and business owners.

COMMUNITY

We believe in the power of community and in the ability of our employees to effect positive change in Southern Arizona. Our employees serve as founders, board members and volunteers in not-for-profits throughout Tucson, and we are proud of the work they do to make our community what it is.

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

Nonresident Individuals and Tax Returns

July 7, 2021

Form 1040-NR is a version of the IRS income tax return for nonresident individuals to file if they earned income from US sources throughout the year. As with regular Form 1040, those who fill out Form 1040-NR may either owe more money or be entitled to a refund. Before considering whether you need to fill out…

Did You Know? R&A Offers Business Valuation Services

July 7, 2021

You want to know the value of your business. R&A can help you with that. Many business owners are faced at some point with the question “What is my company worth?” This question can arise for many reasons including a potential sale of the company, the buyout of a retiring shareholder, shareholder litigation, a divorce, management…

Are You Spending Too Much on Bookkeeping?

July 7, 2021

Wondering what your options are to reduce spending and increase income? Here are some tips: Organize your documents and communications. Receipts scattered? Can’t keep up with payments that are due? Missed payments result in late fees and interest charges, and all those do are increase the overall amount to be paid each month. You’ll be paying more…

Tax Treatment for Kids Working in the Family Business

July 7, 2021

What kind of business is a mom-and-pop operation? It’s probably not a question you pondered when you dreamed of going into business. Suppose you employ your child. How is this handled so that you are in compliance with IRS rules and regulations? Payments for a child under age 18 aren’t subject to Social Security or Medicare taxes if the…

Relief Bill Offers Provisions for Families with Children

June 14, 2021

Beginning in July, those with children may get deposits into their bank account or paper checks for advance payment of the 2021 Child Tax Credit (CTC). The second stimulus package (Consolidated Appropriations Act, 2021) includes updates to the child tax credit, making it more accessible to people whose incomes fell during the pandemic. The expanded…

Did You Know? R&A Offers Outsourced Accounting, Payroll, and Advisory Services

June 14, 2021

You want to grow your business. R&A can help you do that. Many small- to mid-size businesses are outsourcing non-core functions, including accounting and payroll. Those services can include: general ledger management, payroll, virtual CFO services, cash flow management, AP, AR, transaction processing, and controllership. The benefits of outsourcing some or all these services can be substantial.…

New Laws Affect Retirement Plans

June 14, 2021

The IRS is reminding taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts. Previous rules stated that a retirement plan account owner must begin taking an RMD annually starting the year he or she reaches 70 ½ or 72, depending on the birthdate and retirement year of the plan owner. Retirement plans requiring RMDs…

Employers Get Tax Breaks for Vaccination Leave

May 19, 2021

Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations. These credits are available to eligible employers that pay sick and…

When Trading, Don’t Forget Taxes

May 19, 2021

It can seem exciting to make money in the stock market. But when you do well, the government wants a piece of the action in the form of taxes. Each trade can generate either a taxable gain or a loss that can offset a taxable gain. So you may want to maximize after-tax profits by…