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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

R&A CPAs Wins Clearlyrated’s 2021 Best Of Accounting Award For Service Excellence

February 17, 2021

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

February 16, 2021

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

February 16, 2021

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

February 16, 2021

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?

February 16, 2021

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

January 20, 2021

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

January 15, 2021

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

January 15, 2021

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

January 15, 2021

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…