R&A CPAs blog
Does Your Employee Benefit Plan Require an Audit? Here is what to expect
The audit of an employee benefit plan (EBP) requires expertise and a high level of understanding and scrutiny of the plan documents. Not all CPAs have the knowledge and experience…
Read More >>
401(k) and IRA Limits Rise for 2023
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most…
Read More >>
November 2022 Newsletter
As it usually does at this time of year, the IRS has announced increases in the amounts individuals can put away in 401(k) and IRAs. Click through to see how…
Read More >>
7 Behavioral Red Flags for Internal Fraud
Fraud can be uncovered in many different ways: a tip, management review, internal or external audit, document examination, account reconciliation, or even by accident. In 53 percent of cases, however,…
Read More >>
Billing Fraud Schemes Lessons Learned
Many small business owners hire friends and family or have employees who have been with them for years. They may also have vendors they have become close with and do…
Read More >>
Employers: Beware of Third Parties Promoting Improper Employee Retention Credit Claims
The Internal Revenue Service is warning employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some…
Read More >>
Employee Retention Credit: Over but Not Done
The federal government’s Employee Retention Credit (ERC) proved to be a lifeline for many businesses and their employees affected by the COVID pandemic. The eligibility rules were complex and changed…
Read More >>
I Bonds: Protecting Your Portfolio from Inflation
With a rising inflationary environment—the highest in four decades—investors are seeking shelter in low-risk investments to protect their portfolios. As a result, there has been record demand for I Bonds,…
Read More >>
October 2022 Newsletter
I Bonds are a nearly risk-free diversification strategy to hedge against market volatility and there has been record demand for I Bonds.
Read More >>
September 2022 Newsletter
Intra-family loans may be beneficial to you and your family. Click through for the details. | It’s one of the most sweeping and most controversial bills passed in recent years.…
Read More >>Search
Have A Question?
Talk to our tax experts today
520-881-4900
Categories
Time 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 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
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
Master 2025 tax planning with OBBBA strategies: charitable deductions, SALT caps, wash-sale rules & crypto tips. Minimize taxes before year-end.
Upcoming Changes to Tip and Overtime Income Tax and Reporting
In July 2025, H.R.1, The One, Big, Beautiful Bill Act was signed into law. This Act provides deductions for tips and overtime compensation for 2025 through 2028. As a result, employers must implement additional tracking mechanisms, so that this information is accurately reported on employees’ Form W-2. Tip Income Individuals are now eligible to deduct…
Setting Your Children Up for Financial Success
Parenting can be a challenge. You know this if you have lived through the “terrible twos.” If you haven’t yet had that experience, the “terrible twos” is a colloquial term for a phase of childhood typically starting around 18 months and lasting until around age 3 or 4. Your daily mantra for this stage is,…
Stepped-Up Basis: How It Affects Inherited Assets
An asset’s basis is its original purchase price, which determines how much tax will be owed when the asset is sold. When an asset is inherited, the so-called stepped-up basis resets this value to the asset’s fair market value at the time of the owner’s death. For example, if a family home was purchased for…
The Importance of Accurate Real Estate Valuation in Tax Reporting
Real estate valuations have garnered increased attention in tax reporting over the last several years, driven by fluctuations in property prices and heightened oversight around how those values are reported. Whether a property is held for personal or operational use, an investment, or development, how it’s valued can directly impact taxable income, balance sheets, and…
Retirement Plan Catch-up Contributions
Super-Catch-up and Catch-up as Roth Requirements Beginning January 1, 2026, significant changes will be implemented regarding retirement plan catch-up contributions for certain individuals. Both individuals and retirement plan sponsors need to be aware of these changes. The changes discussed below apply to most 401(k), 403(b), and governmental 457(b) retirement plans. Other types of plans are…