R&A CPAs blog

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Inheriting Property: Navigating the Maze of Inheritance Tax

Whether it’s a cherished family home, vacation house, or a portfolio of investment properties, inheriting property often precipitates unexpected financial responsibilities. Understanding the nuances of estate and inheritance tax well…

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Final Regulations Issued: Reporting Sales and Exchanges of Digital Assets

The US Department of the Treasury and the IRS have issued final regulations requiring custodial brokers to report sales and exchanges of digital assets, including cryptocurrency. These digital asset transactions…

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August 2024 Newsletter

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Tax Benefits and Risks to Consider in Real Estate Investments

Real estate investment has long been an attractive option for investors seeking to diversify their portfolios and build long-term wealth. With it brings the potential for steady rental income, property…

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Securing Operational Records in Business Emergency Preparedness Plans

Natural and human-caused disasters often occur without much warning and can disrupt even the most well-oiled operations. Being equipped with an emergency preparedness plan for your business can ensure continuity…

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What To Know About Overtime Rules

Overtime rules under the Fair Labor Standards Act (FLSA) can be confusing, but business owners need to know the provisions. Following are some provisions to be aware of. There’s no…

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Tax Tips for Parents

When starting a family, you might be interested to know that you’re now eligible to claim new credits and deductions, which ultimately lessens the total value of your tax liability.…

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Corporate Transparency Act: What Small Businesses Need to Know About New Reporting Requirements

Effective January 1, 2024, millions of privately-owned small businesses became subject to new reporting obligations under the Corporate Transparency Act (CTA), an anti-crime law that seeks to uncover the concealment…

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Employer Payroll Taxes

There comes a time for most businesses when there is a need for labor beyond what the owner(s) can provide. Hiring employees comes with the responsibility for withholding income and…

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July 2024 Newsletter

Disasters often occur with no warning and can be devastating to any business. Being prepared with emergency preparedness plans is vital.

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Can I Claim a Tax Deduction for that Donation?

December 18, 2025

Clarify which donations are tax-deductible. Understand 501(c)(3), churches, schools, and other exempt organizations. Know what qualifies for your tax deduction.

Taxpayer Right to Representation in IRS Matters

December 18, 2025

Understand your right to IRS representation. Learn how CPAs and authorized representatives help with audits, negotiations, and IRS compliance to protect your interests.

No More Paper Tax Refund Checks

December 18, 2025

Paper tax refund checks ended September 30, 2025. Learn about direct deposit, digital payment options, and how to ensure faster refunds with electronic filing.

November 2025 Newsletter

November 4, 2025

Meet Brenda Hays – Senior Human Resources Coordinator and Payroll Specialist

November 4, 2025

Brenda Hays is R&A’s Senior Human Resources Coordinator and our payroll specialist. She has been a member of the R&A team since 2012. Her role has expanded over the years to include administration, compliance reporting, and many human resources-related roles including benefits coordination, policy implementation, and new employee onboarding. Brenda also supports many of our…

What Home Improvement Tax Breaks Are Set to Expire and Which Remain in Effect?

November 4, 2025

If you’re thinking about making upgrades to your home, you may have an opportunity to claim valuable tax breaks. While not every improvement qualifies, there are a few exceptions, such as capital improvements or repairs for a rental property, medical modifications, or home office tax breaks. You can also earn tax credits for energy-efficiency projects,…

Time to Renew Transaction Privilege Tax License

November 3, 2025

You have likely received notices from Arizona Department of Revenue and the City of Tucson that it is time to renew your TPT license. License renewals apply and are valid for one calendar year, January 1 to December 31. All licenses must be renewed by December 31 of the current year to apply to the…

Business Fraud Case Study: How to Detect & Prevent Fraud

November 3, 2025

On June 25, 2025, Elizabeth Gutfahr, former Santa Cruz County Treasurer, was sentenced to 10 years in prison for embezzling and laundering approximately $38.7 million of public funds. Ms. Gutfahr, who served as the Santa Cruz County Treasurer from 2012 through 2024, began embezzling funds from the county in 2013 and continued to do so…

2025 End-of-Year Tax Planning is Crucial

November 3, 2025

Master 2025 tax planning with OBBBA strategies: charitable deductions, SALT caps, wash-sale rules & crypto tips. Minimize taxes before year-end.