Posts by Jo Alenson
IRS Makes Rare Midyear Mileage Rate Adjustment
The IRS has announced an increase in the optional standard mileage rate for the final six months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final half of 2022, the standard mileage rate for business travel…
Read MoreR&A CPAs Wins ClearlyRated’s 2022 Best Of Accounting Award for Service Excellence
Clients of winning firms are 60% more likely to be completely satisfied. Tucson, AZ – February 2, 2022 – R&A CPAs, one of the Southern Arizona’s leading public accounting and advisory firms, announced today that they have won the Best of Accounting Award for providing superior service to their clients; one of just 51 accounting…
Read MoreR&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,…
Read MoreInnovative Startup Paramium Technologies Wins University of Arizona Center for Innovation Sponsored Launch Fueled by R&A CPAs Competition
The University of Arizona Center for Innovation (UACI) is pleased to announce the winning startup of the UACI Sponsored Launch Fueled by R&A CPAs competition. Paramium Technologies will receive one sponsored year of admission at UACI which includes venture development programming and space. R&A CPAs will also provide the winning company hours of accounting services.…
Read MoreMergers and Acquisitions/Business Continuance Tax Considerations in Current Climate
Uncertainty remains in the global market. While the impacts of COVID-19 continue to reverberate, market consolidation may present opportunities—in particular, for distressed acquisitions. As always, as these opportunities take shape, it is important to consider overall tax planning strategies, as well as the tax implications in the current climate. Market factors, along with legislative changes,…
Read MoreR&A CPAs – Statement on Racial Equality
Like many Americans, watching multiple incidents of deadly violence against black people unfold before our eyes has left us feeling horrified, distraught, and angry. We have been forced to confront the truth that, despite gains made in past decades, inequality and racial division are still deeply rooted in our culture. James Baldwin said, “Not everything…
Read MoreUpdated Guidance – PPP loan forgiveness and review process
On Memorial Day weekend, the US Treasury and the Small Business Administration (SBA) released two new Interim Final Rules regarding the Paycheck Protection Program (PPP). Key updates and clarifications for PPP loan forgiveness include: Borrowers may seek forgiveness for payroll costs for the eight weeks beginning on either: The date of disbursement of the borrower’s…
Read MoreIt Is a Good Time to Convert to a Cloud-Based Financial System
In response to the COVID 19 pandemic, many businesses and their office operations have moved to the “remote world.” In a remote work environment, sustained access to data is crucial to continued business efficiency. Organizations fortunate enough to have received federal funds to assist during this situation—or that are in the process of applying for…
Read MoreNovember 2019 Newsletter
Arizona’s New Limited Liability Company Act Arizona has long had laws defining and regulating limited liability companies (LLCs) organized within the state. The first law was codified in the Arizona Revised Statutes in 1992, and it remained substantially unchanged until 2018. In 2018, the Arizona legislature enacted the new Arizona Limited Liability Company Act (ALLCA).…
Read MoreR&A CPAs Named International Tax & Accounting Firm of the Year – 2019 by Global Chamber Phoenix
Tucson, AZ, September 30, 2019 —Global Chamber® Phoenix has named R&A CPAs International Tax & Accounting Firm of the Year for 2019. The announcement was made at Global Chamber Phoenix’s ‘Grow Globally Fair Phoenix’ on September 25. It is the second consecutive year R&A CPAs has been so honored by Global Chamber Phoenix. In accepting…
Read More