1
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.
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
2020 Estate Planning and Tax Considerations: COVID-19
The impacts of COVID-19 continue to reverberate, and businesses adversely affected by those impacts can expect to struggle, operationally and financially, for months, if not years, to come. Estate planning becomes ever more crucial as lost current and future earnings translate into decreased valuations. From a tax perspective—including changes presented by the Tax Cuts and…
Hobby or Business: The IRS Takes a Stand
From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct losses, but hobbies cannot. The Tax Cuts and Jobs Act (TCJA) kept the itemized deductions for allocable mortgage interest and property taxes. However, by eliminating virtually all miscellaneous itemized deductions for tax years 2018-2025, the 2017 TCJA made it…
Payroll Tax Holiday and Unemployment Boost Are in Flux
On August 8, the White House issued a series of memorandums and executive orders to provide relief while Congress continued to debate legislative action. There are limits, however, regarding what can be done in the absence of congressional approval, and that has led to confusion about what exactly is being provided. The most significant and controversial provision…
Special Report: How to Manage Cash Flow
No manager of a small or midsize business would argue about the wisdom of the timeworn saying, “Cash is king.” And that’s the underlying driver of any business, regardless of industry. The irony is that many managers fail to incorporate that essential commandment into their management philosophy. The proverbial bottom line is that businesses that…
Home Equity Loans Are Deductible — Sometimes
Contrary to rumors, the Tax Cuts and Jobs Act of 2017 (TCJA) allows taxpayers who buy, build, or substantially improve their homes using either a home equity loan, home equity lines of credit (HELOC), or second mortgages to deduct interest on the loans. That’s the good news. But if you take out the loan to…
R&A CPAs named a Top 400 Firm for 2020 by INSIDE Public Accounting (IPA)
Tucson, AZ, August 5, 2020 — R&A CPAs announced today that it has been named a Top 400 Firm for 2020 by INSIDE Public Accounting (IPA). It is the third consecutive year R&A has achieved this distinction. This annual ranking gathers surveys and analytical data from firms across the United States. R&A helps clients achieve their financial…
Getting a Handle on Financial Fraud
During periods of economic stress, both civil and criminal incidents of fraud tend to rise as businesses face increased financial pressures. The current climate is posing exceptional challenges resulting from COVID-19. Attorneys are more likely than ever to turn to the services of a CPA for support with settlement negotiations and trial testimony in fraud…
Tax Credits on Their Way Out
Legislation in 2019—the Taxpayer Certainty and Disaster Tax Relief Act—resurrected or extended several income tax breaks, but several of them will expire at the end of 2020: Credit for qualified fuel cell motor vehicles. This covers fuel cell vehicles propelled by oxygen and hydrogen, which are chemically combined to create electricity. Currently there is a $4,000…
How the Net Investment Tax Works
The net investment tax is a 3.8 percent surtax on a portion of your modified adjusted gross income (MAGI) over certain thresholds. You might be subject to it even if you manage to avoid paying significant income taxes on your investment income by using deductions and credits. Here is what the IRS says: You’re liable for…
