R&A CPAs blog
Deadline Extended for Catch-Up Contribution Changes: Here’s What High Earners and Employers Need to Know
The IRS recently announced that it will extend the new provision stemming from SECURE Act 2.0 that requires employees with annual income exceeding $145,000 to divert their 401(k) catch-up contributions…
August 2023 Newsletter
Effective January 1, 2024, millions of privately-owned small businesses will be subject to new reporting obligations that seek to uncover concealment of illicit money.
A New Look at SECURE Act 2.0 Issues
The Setting Every Community Up for Retirement Enhancement Act 2.0 (SECURE Act 2.0) has a new provision that speaks to the nature of auto-enrollment for new 401(k) plans. All eligible…
QCDs: Tax-Free Gifts to Charity
If you have an IRA, you are required to take out a certain amount of money each year once you reach age 73, even if you don’t need the funds.…
Corporate Transparency Act: What Small Businesses Need to Know About New Reporting Requirements
Effective January 1, 2024, millions of privately-owned small businesses will be subject to new reporting obligations under the Corporate Transparency Act (CTA), a new anti-crime law that seeks to uncover…
Protect Yourself with an IRS Identity Protection PIN
The IRS has recently published information about identity PINs, which can make your financial world more secure. We are pleased to reprint the key portions below. For further details, visit the…
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 requirements: filed…
July 2023 Newsletter
If you file your taxes in Arizona and meet specific criteria, you may be entitled to a one-time individual income tax general welfare rebate.
R&A CPAs and UACI Announce Sponsorship Recipient
R&A is once again sponsoring a promising startup for a year-long incubation with the University of Arizona Center for Innovation (UACI). Tucson-based, innovative surgical startup BioBolt Medical will receive one sponsored…
What To Know About Tax Record Keeping in Arizona
The Arizona Department of Revenue (ADOR) reminds taxpayers to keep well-organized records and to toss old documents securely. Maintaining a dedicated folder for tax-related documents is a good place to…
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Categories
Installment Sales – Ins, Outs, Ups, & Downs
The installment method is a tax-reporting strategy that allows you to spread out the recognition of capital gains over multiple tax years when you finance an asset sale yourself. There is a lot to know—click for the details.
How Manufacturers Can Turn Innovation into Tax Benefits
Recent tax law changes have expanded the definition of qualifying research and development activities and created new opportunities for manufacturers to recover capital. Click for important details.
Substantiating Charitable Contributions
To close loopholes, Congress added Section 170(f)(8)(A) to the Internal Revenue Code to create strict substantiation rules for charitable contribution deductions. Click through for the specifics, so you don’t get caught without proper substantiation for your charitable donations.
Payroll Systems and Compliance Challenges
Can payroll systems keep up with shifting regulations and constant compliance changes? Yes —with a little effort. Click through for an answer to this question and others regarding wage laws and tax requirements.
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.
Do You Need to Make Estimated Tax Payments?
The US tax system requires taxpayers to pay tax on income as it is received during the year—paying estimated taxes through the year helps you avoid some potentially significant IRS penalties and interest. Click for what you need to know.
Top HOA Fraud Risks and Why Financial Statement Audits Matter
Fraud can occur in any Homeowners Association (HOA). Understanding where fraud tends to show up and what financial statement audits can reveal can help boards strengthen oversight and better protect community funds.
How to Structure Real Estate Investments for Maximum Tax Efficiency
The structure behind real estate investment is key—the difference between a well-structured investment and a poorly structured one can be significant. Click for the details.