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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

March 2024 Newsletter

March 14, 2024

Amid the backdrop of market realignment, higher interest rates, and shifting workplace habits, investors remain cautiously optimistic about their real estate allocations heading into 2024.

What Are the Tax Rules Around Day Care

March 14, 2024

You may be in for a tax break if you’ve been shelling out the bucks for day care. Among the tax credits and deductions available to parents and families, one of the most overlooked and beneficial is the childcare tax credit, formally known as the Child and Dependent Care Expenses Tax Credit and claimed with…

Pension-Linked Emergency Savings Accounts: Help Employees Save for a Rainy Day

March 14, 2024

Employer-sponsored PLESAs encourage employees to save for emergencies by allowing them to put aside a portion of their pay for that purpose. Authorized under the SECURE 2.0 Act of 2022, pension-linked emergency savings accounts are individual accounts in defined contribution plans. They are designed to permit and encourage employees to save for financial emergencies. These are…

Beware of Ghost Employees – and Other Payroll Fraud

March 14, 2024

Any employee can commit payroll fraud. An employee could submit false hours, claiming they worked overtime when they didn’t. On the extreme end, someone in your payroll department could create a ghost employee (an employee that does not actually exist) keeping those false wages for themselves. Below we discuss four actual cases of payroll schemes that…

Key Tax Considerations for Real Estate Investors in 2024

March 14, 2024

Amid the backdrop of market realignment, higher interest rates, and shifting workplace habits, investors remain cautiously optimistic about their real estate allocations heading into 2024. After an overall slower acquisition pace in 2023, market uncertainties prompted investors to adopt a wait-and-see approach, hoping for property values and interest rates to reconcile. Those who returned profitability…

Payroll Tax Rates and Contribution Limits for 2024

January 22, 2024

Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security tax In 2024, the Social Security tax rate is 6.2 percent for employers and employees, unchanged from 2023. The Social Security wage base is $168,600 for employers and employees, increasing from $160,200 in 2023. Self-employed people must pay 12.4 percent on the first $168,600. Medicare…

The 1099 Story: Which Version Should You Be Using?

January 22, 2024

As each calendar year draws to a close, many businesses have to think about their tax filing responsibilities. It can be confusing to figure out which forms to send out, especially as the IRS made some changes to its venerable Form 1099-MISC, Miscellaneous Information, a few years ago and assigned some of its former responsibilities…

Reminder – Income from Short-Term Rentals is Taxable in Arizona

January 22, 2024

Many property owners in Arizona offer short-term residential rentals–lodging rental stays for less than 30 days—especially in the winter. Arizona Department of Revenue (ADOR) reminds property owners that the income from short-term rental stays is subject to Arizona transaction privilege tax (TPT). From ADOR: “If a property owner is only renting their residence for an…

January 2024 Newsletter

December 22, 2023

Click through for important information to take advantage of this credit and support qualified local organizations.

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!