R&A CPAs blog
Small Business Tax Breaks: Are You Leaving Money on the Table?
When running a small business, it’s easy to get caught up in the day-to-day demands of overseeing operations, managing cash flow, and ensuring customer satisfaction. With so many pressing priorities,…
June 2024 Newsletter
Taking time to learn about available tax benefits can lead to significant savings and reinvestment opportunities for your business.
Ransomware is Targeting Small Businesses
During the pandemic, data breaches disproportionately affected smaller companies; they were targeted at twice the rate of larger businesses. Since the pandemic, those same smaller companies have been struggling with…
The Tax Implications of Independent Contractors
Are your employees really employees, or are they actually independent contractors? It’s not just semantics; the IRS makes a stark distinction. You don’t generally have to withhold or pay any…
10 Ways Outsourced Accounting Services Can Help Grow Your Business
Successful business owners will tell you that excellent accounting is the secret ingredient to growing their business. Why? Because having access to the right financial information helps drive better business…
May 2024 Newsletter
Rising property values in Arizona are prompting investors to implement 1031 exchange strategies to mitigate hefty capital gains taxes and reinvest for further growth.
Ensure Your Business Has Renewed Your Transaction Privilege License for 2024
R&A renews Transaction Privilege Tax (TPT) licenses for clients for which we process sales tax. If you process your TPT renewal yourself and have not yet done so, Arizona Department…
1031 Exchange Rules for Real Estate Investors in Arizona
Arizona’s housing market has become a hotspot for real estate investors in recent years, fueled by its rapid growth and potential for significant returns. As investors expand their portfolios, rising…
Major Overtime Change Will Deeply Affect Employers
According to a Department of Labor release, a newly issued rule increases the salary threshold required to exempt a salaried bona fide executive, administrative, or professional employee from federal overtime pay…
April 2024 Newsletter
Now that tax season is drawing to a close, it may feel like a good time to declutter the accumulated piles of paperwork, but there are some recommended guidelines to…
Search
Have A Question?
Talk to our tax experts today
520-881-4900
Categories
IRS to Revise Nonprofit Tax Returns
New proposed changes to Form 990, which is filed by not-for-profit organizations, will focus on making an organization’s use of funds more transparent. Click for more details.
What OBBBA Tax Changes Take Effect in 2026?
January 1 ushered in a new set of provisions resulting from the One Big Beautiful Act that will influence what 2026 looks like. You will want to pay attention now, before the year gets too far along.
Understanding the Federal R&D Tax Credit
At its core, the federal R&D tax credit, enacted in 1981 to stimulate innovation and business investment, provides dollar-for-dollar savings tied to qualified research activities. It is now complemented by similar tax credits in many states and, together, federal and state credits can amount to as much as 20 percent of the costs incurred in…
Scam Alert: How To Spot Phishing, Smishing and Spoofing
Phishing remains a major threat. In the second half of 2024, email-based phishing attacks surged by 202 percent. Alarmingly, most of these attacks used link-based tactics, and 80 percent of the malicious links were categorized as zero‑day threats, meaning they exploited computer vulnerabilities before patches could be applied. During peak periods, users encountered an average…
IRS Interim Guidance Provides Clarity on Bonus Depreciation Rules
The One Big Beautiful Bill Act (OBBBA) brought welcome news for businesses with the permanent return of 100 percent bonus depreciation. Businesses are now eligible to deduct the full cost of qualifying assets acquired and placed in service after Jan. 19, 2025. Until recently, bonus depreciation was scheduled to phase out entirely under previous law.…
Trump Accounts – The Basics
The One Big Beautiful Bill Act passed in July 2025 established the 530A account, a new type of tax-advantaged IRA designed specifically for children. Better known as Trump accounts, these IRAs are designed to help children enter adulthood with greater financial security. A Trump account is subject to certain special rules on contributions, investments, distributions,…
529 Tuition Programs – What You Need to Know
Qualified tuition programs, also called 529 plans, are tax-advantaged plans designed to encourage saving for future education costs. These plans are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code (surprise!). Speaking of surprises, 2025 research shows that 52 percent of Americans don’t know what…