R&A CPAs blog

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OBBBA – Tax Treatment of R&D Expensing and Bonus Depreciation

The One Big Beautiful Bill Act (OBBBA) significantly impacts the tax treatment for businesses of research and development (R&D) expense and bonus depreciation. These new provisions offer substantial benefits and …

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July 2025 Newsletter

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What is The Difference Between a Public Charity and a Private Foundation?

If you listen to public radio, you have probably heard an announcement that programming is supported by an organization such as the Jane Doe Private Foundation or the Smith Family…

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Meet Lisset Anderson – Supervisor, Client Services

Lisset Anderson is a Supervisor in Client Services and has been a member of the R&A team since 2018. Lisset supports R&A’s clients, responding to questions, and ensuring client satisfaction.…

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The Fraud Diamond

First, there was the Fraud Triangle. Then came the Fraud Diamond. David Wolfe and Dana Hermanson, the authors of “The Fraud Diamond: Considering the Four Elements of Fraud” (2004), created…

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Employee Gift Matching Programs: Benefits and How-Tos

Employee gift matching is a powerful philanthropic strategy that involves companies pledging to match the charitable contributions their employees make to non-profit organizations.  General Electric created the first known gift…

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Understanding the Rising Threat of Deepfake Fraud

Fake or doctored images appear all over the internet and on our phone and computer apps these days. Some are harmless and entertaining. See how you will look as you…

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Strengthening the Foundation: A CFO’s Perspective on the Importance of Internal Controls

In our article last month, “Why More Businesses are Turning to Fractional CFO Services,” we shared that many growing businesses lack the sophisticated financial controls and systems that are needed…

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Navigating Financial Complexity in Construction: Strategies for Cash Flow, Cost Control, and Long-Term Profitability

Construction professionals operate in one of the most financially complex industries, where managing cash flow and cost control from job to job creates fluctuating liquidity patterns unlike any other sector.…

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June 2025 Newsletter

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EV Tax Credits End in September 2025

September 2, 2025

Congress began creating tax incentives for purchasing energy efficient vehicles in 2005, and the Inflation Reduction Act passed in 2022 brought major expansion to the electric vehicle (EV) tax credit program. The Trump tax reform bill passed in July 2025 has ended the federal EV credit for any vehicles purchased after September 30, 2025. For…

QuickBooks Desktop Slated to Sunset as Intuit Shifts to the Cloud

September 2, 2025

Like many vendors across the software industry, including Microsoft and Adobe, Intuit is sunsetting its long-running desktop product line in favor of its cloud-based model. QuickBooks Desktop (QBDT), used by small businesses for decades, is being phased out as the company directs customers to QuickBooks Online (QBO). As of September 2024, Intuit stopped selling new…

August 2025 Newsletter

July 31, 2025

In this newsletter we cover employee gift matching programs as a philanthropic strategy, fraud prevention using the “fraud diamond” framework, upcoming expanded income tax disclosure requirements for private entities, and differences between public charities and private foundations. Also features a team spotlight on Lisset Anderson from Client Services.

Meet Nathan Bolt – Senior Manager, Client Accounting Services

July 31, 2025

Nathan is a seasoned Chief Financial Officer (CFO) drawing from over two decades of experience in accounting and finance. He holds a BS in Accounting, is a licensed CPA, and is a Chartered Global Management Accountant (CGMA). Nathan is also a member of the American Institute of CPAs (AICPA) and the Arizona Society of CPAs…

Why 2025 Is Turning Out to Be a Great Year

July 31, 2025

In January, we wondered what the year would bring. Well, now we know what the first half of the year has brought, and it is good news for high-net-worth business owners. On Wall Street, the saying is buy low, sell high. In the world of estate planning, the saying is more like sell high, transfer…

ACC Announces New Policies Aimed at Preventing Business Filing Fraud

July 31, 2025

Most state business filing agencies like the Arizona Corporation Commission (ACC) are ministerial entities only and have no regulatory or enforcement authority.  In other words, these government entities can make sure any documents you file meet filing requirements, but that’s where their responsibility stops. For example, ACC does not have a requirement to confirm or…

Key Provisions of the New Tax Act

July 31, 2025

  On July 4, 2025, Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law. At the center of the bill is the extension of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) slated to end at the end of 2025. The OBBBA makes many expiring provisions of TCJA permanent,…

OBBBA – Tax Treatment of R&D Expensing and Bonus Depreciation

July 31, 2025

The One Big Beautiful Bill Act (OBBBA) significantly impacts the tax treatment for businesses of research and development (R&D) expense and bonus depreciation. These new provisions offer substantial benefits and  crucial planning opportunities for businesses looking to invest and innovate. Following is a breakdown of the key changes. R&D expensing: Immediate Deductions Restored Internal Revenue…

July 2025 Newsletter

July 15, 2025