R&A CPAs blog
What Documents Do I Need to File My Individual Income Tax Returns?
Seems like I just barely put my holiday decorations away, and now it’s already time to start gathering documents for my 2024 income tax returns. Whether you are super-organized or…
Solar Tax Credits: What Residential and Rental Property Owners Need to Know
Solar tax incentives have been in place for years, but recent expansions have sparked a surge in solar installations across the country. Both residential and rental property owners are now…
How Trusted Employees Commit Fraud
Many small businesses are family-owned and operated with employees that have been with the company for years. Manager oversight can become lax. Staff and co-workers are like “family,” or they…
Estate Planning – What to Know
Thinking about one’s own mortality is no one’s favorite way to pass the time. Yet if you own any stuff or love anyone, it is something you will eventually have…
Access Retirement Funds in a Disaster
The SECURE 2.0 Act that went into effect in March 2022, makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. This…
Arizona Minimum Wage to Rise for 2025
Effective January 1, 2025, Arizona’s minimum wage will be increased by 35 cents from $14.35 to $14.70 per hour. Arizona law requires the minimum wage to increase yearly based on…
What Business Owners Need to Know About Business Travel Deductions
When it comes to deducting business travel expenses, business owners and employers face a maze of rules that can be both complicated and prone to change. However, understanding these regulations…
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IRS Announces New Automatic Exemption from Penalty Program
The IRS’s Automatic Exemption from Penalty (AEP) program simplifies tax relief by automatically waiving failure-to-file, failure-to-pay, and failure-to-deposit penalties for compliant taxpayers. Replacing the manual First Time Abate process, the automated system evaluates eligibility during return processing—waiving penalties for individuals and businesses with three years of clean compliance history—without requiring formal requests or phone calls.
Estate Planning is Changing: What Families Should Revisit Now
Shifting tax exemption thresholds, evolving retirement account rules, and changing family dynamics make static estate plans a risk. Families should revisit their plans now to update beneficiary designations, review trusts, refresh health care and financial powers of attorney, and adjust wealth transfer strategies to ensure their assets remain protected and align with their current intentions.
What to Consider When Selling Your Business to Employees
Selling your business to employees through an ESOP, cooperative, or management buyout preserves your company’s legacy and rewards your team, but it requires careful planning. Success hinges on choosing the right ownership structure, securing realistic financing (often involving seller notes), obtaining an independent valuation, and preparing strong leaders to handle daily operations after the transition.
The State of Construction Bonding in 2026: What Contractors Need to Know About Financial Reporting
Navigating the 2026 bonding landscape requires contractors to treat financial reporting as a strategic tool rather than a routine compliance exercise. With surety carriers tightening underwriting standards following elevated project complexities, labor costs, and recent severe claims, securing maximum bonding capacity hinges on transparency and financial discipline.
Caught In Prescott – Lessons in Fraud Prevention and Monitoring
Fraud in Prescott – lessons in fraud prevention and monitoring for your business.
IRS Makes Rare Midyear Change to Mileage Rates
A break for many who have been hit by high gas prices: The IRS has quietly announced a revision to the optional standard mileage rates for computing the allowable deductible costs of operating an automobile. Click through to see what has changed—and what hasn’t.
The Purpose of Form I-9: What Employers Need to Know
Every employer needs to complete Form I-9 for their employees. It is an important compliance document. Here is what you need to know.
Meet Junna Stockwell, CPA, Supervisor – Assurance
Junna is a supervisor in our Assurance department. In her role, she solves financial problems and helps provide accurate financial reporting for our clients.