R&A CPAs blog
Check Tampering Fraud in Small Businesses/Organizations
How one trusted employee defrauded a charity and how she got away with it for so long. If your small business or organization maintains a paper checkbook, whether you typically…
Key Social Security Changes for New Year
According to the Social Security Administration, approximately 70 million Americans will see an 8.7 percent increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On…
IRS announces a delay in implementing reporting threshold of third-party payment platforms
The IRS has announced a delay to the implementation of $600 reporting threshold for third-party payment platforms’ Form 1099-K. 2022 will now be a transition year for these platforms including…
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…
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…
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…
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,…
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…
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…
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…
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What to Know About Social Security Now and in Retirement
Social Security provides nearly 97% of older adults with a foundation of retirement protection in their later years. For many, it serves as a major source of income, supplementing 40% of their pre-retirement earnings or providing disability or survivor benefits for eligible individuals. For others, it’s a spoke in a broader retirement strategy, one of…
Preparing for an Audit
The word ‘audit’ can invoke images of piles of paperwork, discovery of horrible mistakes, and endless email chains in our mind’s eye. For auditees, exhaustion can creep in before the audit even begins. Prior experience with external audit can provide some relief in terms of familiarity, but for a first-time auditee, the process can be…
Tax Planning Strategies for Multi-State Real Estate Investors
In today’s market, investing in real estate across state lines has become an increasingly accessible and effective way to build a diversified portfolio and tap into areas that show strong demand and potential for appreciation. Real estate investors now own about 20 percent of the 86 million single-family homes and townhomes across the country. Of…
How Do You Know When Your Business Is Ready for a CFO?
One of the biggest challenges in running a successful company is managing growth. Not having the right skill set in place is like having the bat boy fill in as catcher. Your team can have a phenomenal pitcher, but each ball that gets past the catcher increases the likelihood of a loss. Many growing companies…
Tax Harvesting Strategies: How to Make Gains and Losses Work in Your Favor
Learn tax-gain and tax-loss harvesting strategies for 2025. Maximize investments, reduce tax liability, and plan year-end tax positions with proven tactics.
Arizona Tax Credits for Individuals – 2025
Discover Arizona tax credits for 2025: charitable donations, foster care, school tuition, and military family relief. Learn limits and filing deadlines for maximum savings.
Can I Claim a Tax Deduction for that Donation?
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
Understand your right to IRS representation. Learn how CPAs and authorized representatives help with audits, negotiations, and IRS compliance to protect your interests.