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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
Restaurant Revitalization Fund Has Launched
The American Rescue Plan Act, signed into law in March, established the Restaurant Revitalization Fund (RRF) to help restaurants and other eligible businesses impacted by the COVID pandemic. The RRF will award grants of up to $5 million per physical location, capped at $10 million per entity and affiliates. Total funding available under the RRF…
Important Information for Arizona Taxpayers Claiming Charitable Donations for 2020
The Arizona Department of Revenue (ADOR) advises taxpayers they have until May 17 to make donations to qualifying charitable organizations to claim the tax credits on their 2020 individual income tax return. Details about the process to claim those qualified charitable donations for 2020 are included here. We hope this information is useful to you,…
Is Your Small Business At Risk For Internal Fraud?
Internal fraud, also called occupational fraud, is defined as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the organization’s resources or assets.” Simply stated, this type of fraud occurs when an employee, manager, or executive commits fraud against his or her employer. Stories of debilitating fraud cases surface every year. Small businesses…
IRS Grants More Due Date Breaks
The IRS has announced that individuals have until May 17, 2021, to meet certain deadlines that would normally fall on April 15. This follows a previous announcement from the IRS on March 17, that the federal income tax filing due date for individuals for the 2020 tax year was extended from April 15, 2021, to May 17,…
What’s in the New 2021 Stimulus Bill?
After much debate, the Senate and House reached various compromises on the latest relief bill, the American Rescue Plan Act (ARPA), which President Biden signed into law on March 11. The 600 pages contain many provisions and additional guidance is likely to follow in the coming weeks. Meanwhile, here are the key benefits. The $1,400 relief…
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, created…
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…
