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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.

POWERFUL INSIGHTS

September 2023 Newsletter

August 31, 2023

The IRS has announced it will extend a new provision stemming from SECURE Act 2.0 that requires employees with annual income exceeding $145,000 to divert their 401(k) catch-up contributions into a Roth 401(k) account. Click through for the details.

How To Handle Intangible Assets – Part I: Business Sellers Beware

August 30, 2023

If you are a business owner and are either currently considering selling your business or may sell it later on, you will want to carefully consider intangible assets in your business valuation. While these assets have value you don’t want to leave on the table, you will also want to ensure you account for them…

New Accounting for Credit Losses

August 30, 2023

If your entity has trade receivables, contract assets, loans, or held-to-maturity debt securities, among other types of financial assets, then the new current expected credit loss (“CECL”) model will affect the way you account for those assets on your US GAAP financial statements. For nonpublic entities, adoption of this new accounting standard takes effect for…

New Tax Law Incentivizes Retirees to Make an IRA-Funded Gift That Pays Annual Income

August 30, 2023

Giving back just got easier-and more rewarding. If you’re looking for ways to lighten your income tax liability while supporting your favorite cause, retirees can now receive fixed income payments for life by donating directly from their individual retirement account (IRA) to qualified charities. Gift annuities have been around since John Trumbull donated his paintings…

Deadline Extended for Catch-Up Contribution Changes: Here’s What High Earners and Employers Need to Know

August 30, 2023

The IRS recently announced that it will extend the new provision stemming from SECURE Act 2.0 that requires employees with annual income exceeding $145,000 to divert their 401(k) catch-up contributions into a Roth 401(k) account. This “administrative transition period” extension by two years to 2026 comes on the heels of widespread appeals to Congress to…

August 2023 Newsletter

August 14, 2023

Effective January 1, 2024, millions of privately-owned small businesses will be subject to new reporting obligations that seek to uncover concealment of illicit money.

A New Look at SECURE Act 2.0 Issues

August 14, 2023

The Setting Every Community Up for Retirement Enhancement Act 2.0 (SECURE Act 2.0) has a new provision that speaks to the nature of auto-enrollment for new 401(k) plans. All eligible hires will be required to enroll at a pretax rate of three percent at the minimum. Furthermore, mandatory enrollment will come with an auto-escalation of…

QCDs: Tax-Free Gifts to Charity

August 14, 2023

If you have an IRA, you are required to take out a certain amount of money each year once you reach age 73, even if you don’t need the funds. This is known as a required minimum distribution and it can increase your taxable income, potentially pushing you into a higher tax bracket. How QCDs…

Corporate Transparency Act: What Small Businesses Need to Know About New Reporting Requirements

August 14, 2023

Effective January 1, 2024, millions of privately-owned small businesses will be subject to new reporting obligations under the Corporate Transparency Act (CTA), a new anti-crime law that seeks to uncover the concealment of illicit money through the use of shell and front companies. In an effort to increase transparency of true ownership behind anonymous corporate…

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 numerous not-for-profit organizations, and we are proud of the work they do.

For 80 years

R&A has been committed to helping our clients achieve their financial goals with comprehensive accounting, auditing, and advisory services.

Our success is based on a proactive approach that provides clients with specific strategies that meet their financial objectives. R&A’s professional staff demonstrates our strong commitment by finding the best opportunities and implementing solutions that specifically fit each client's unique needs.

Many of our clients are still with us since the beginning and through generations.

We welcome the opportunity to talk with you about your goals and opportunities!