R&A CPAs blog

Payroll Tax Rates and Contribution Limits for 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.…

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The 1099 Story: Which Version Should You Be Using?

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,…

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

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…

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January 2024 Newsletter

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

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Less Than Two Weeks to Renew Transaction Privilege Tax License

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…

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IRS Changes Mileage Rates for New Year

According to an IRS statement, starting in 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile…

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Year-End Tax Readiness: A Checklist for Businesses

Now is a good time to begin preparing to file your business taxes for 2023. Accurate and organized financial statements will make that process easier and help ensure you optimize deductions.…

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Arizona Tax Credits for Individuals – 2023

The 2023 Arizona Tax Credit programs for individuals allow you to make a positive charitable impact while receiving a credit that reduces your Arizona income tax liability dollar for dollar.…

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Budgeting For Small Businesses

In this first in a series of three articles, we share information for small business owners about budgeting and how the right platform can help. R&A CPAs recommends QuickBooks Online…

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Arizona One-Time General Welfare Rebate

The Arizona Department of Revenue (DOR) will be issuing a one-time individual income tax general welfare rebate, entitled the Arizona Families Tax Rebate to Arizona taxpayers who meet the following…

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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.