R&A CPAs blog
How To Handle Intangible Assets – Part II: Business Buyers Beware
If you are currently in the market to acquire a business or may consider such a move later, you will want to carefully consider intangible assets in your business valuation.…
Do You Have More Than 100 Employees in Your Employee Benefit Plan?
If you have more than 100 employees participating in your employee benefit plan (EBP), you may be required to undergo an EBP audit. For plan years beginning on or after…
The Importance of Beneficiary Designations
“Carol Page” got a call from the bank-an IRA from her deceased father was found and paperwork needed to be signed. But before the money was made available, a snag…
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…
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Checking Your Federal Tax Withholding – Why, When, and How
If you are an employee, you know that various taxes are withheld from your paychecks. While you generally can’t change the amount of social security and Medicare taxes withheld, you can change the withholding amounts of federal and state income tax. In fact, the IRS encourages taxpayers to review their income tax withholding at least…
R&A Named a 2026 Top 500 US Accounting Firm
R&A is very pleased to share that we have been recognized as a Top 500 Firm in the US for 2026 by INSIDE Public Accounting based on US net revenue. INSIDE Public Accounting is a leader in practice management and CPA firm resources for the public accounting profession. Of this recognition, Phillip C. Dalrymple, CPA, CFE, and R&A Managing Partner said, “We are proud…
Trusts Can be Powerful Estate Planning Tools
You’ve probably had a check-up with your doctor or dentist in the last year as part of your routine practice of self-care. Preventive visits like this can detect and address potential health issues in their earliest and most treatable stages. We think of estate planning as preventive care for your life and loved ones. No…
Promises of Tax Settlements for “Pennies on the Dollar” are Often Too Good to be True
At R&A CPAs, we often find ourselves counselling individuals or businesses that are overwhelmed by large tax liabilities or mired in IRS bureaucracy. Like you, we see ads promising amazing “pennies on the dollar” settlement deals with the IRS touted by “professionals,” backed up by dramatic testimonials of success. These settlements refer to the IRS’s…
Meet Jorge Fuentes Quihui, Associate – Assurance
Meet Jorge Fuentes Quihui, Associate – Assurance
The IRS’ ‘Dirty Dozen’
The IRS’s annual “Dirty Dozen” list exposes the top 12 tax scams, fraud schemes, and aggressive avoidance tactics threatening taxpayers. Ranging from phishing scams and identity theft to abusive tax shelters and misleading social media advice, the list alerts both individuals and businesses to emerging threats, helping them safeguard their financial assets and maintain tax compliance.
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.