R&A CPAs blog

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May 2025 Newsletter

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How to Read a Not-For-Profit Tax Return (Even if you are not a tax professional) Part I

According to the Internal Revenue Service, there are approximately 1.5 million public charities and private foundations in the US. That’s a lot of good work being done! Public charities depend…

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Managing Cash Flow and Tax Planning in Real Estate Portfolios

Real estate has weathered its fair share of market shifts in recent years, but compared to more volatile asset classes, its resilience continues to buoy portfolios with diversification and long-term…

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BOI Reporting Obligations Reinstated–And Then Removed Again

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is the agency that enforces the Corporate Transparency Act (CTA). Earlier in 2025, FinCEN sent out a notice indicating a…

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April 2025 Newsletter

The April newsletter featuring expert CPA guidance on analyzing non-profit tax returns, strategies for optimizing real estate portfolio cash flow, the latest updates on BOI reporting requirements under the Corporate Transparency Act, essential business disaster planning strategies, and understanding the tax implications of Roth IRA conversions.

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2024 Arizona Tax Credits for Individuals

The 2024 Arizona Tax Credit programs for individuals allow you to make a positive charitable impact while receiving a credit that reduces your Arizona income tax liability dollar for dollar.…

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IRS Announces Mileage Change For 2025

At the end of December, the IRS announced standard mileage rates for 2025. Below are the deductions, if you are using an automobile for approved purposes: Self-employed and business: 70…

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Tax Benefits for Businesses That Accommodate People with Disabilities

Businesses that make structural adaptations or other accommodations for the elderly or for employees or customers with disabilities may be eligible to save money on their taxes through various tax…

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March 2025 Newsletter

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IRS Takes Steps to Help Prevent Refund Delays on Duplicate Dependent Returns

If someone else claims your dependent on their tax return and files before you do, your e-filed return will be rejected by IRS. Duplicate dependent returns can be the result…

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June 2025 Newsletter

June 11, 2025

How to Read a Not-For-Profit Tax Return (Even if you are not a tax professional) Part II

June 11, 2025

In a way, IRS Form 990 consists of two separate tax returns. The first is the “numbers” section (discussed in part I of this article) where organizations report their income and expenses for the year. In the second, organizations report how they comply with the many federal rules and regulations that govern the existence of…

Meet Jessica Nutbrown: Client Accounting Services Supervisor

June 11, 2025

Jessica Nutbrown is a Supervisor in our Client Accounting Services department and has been a member of the R&A team for four years. In her role, she supports a variety of clients with their accounting needs, helping them stay organized, informed, and confident in their financial operations. Her strong work ethic and approachable style make…

Top 10 Cybersecurity Practices Every Business Needs to Stay Ahead of Threats

May 12, 2025

As businesses become increasingly reliant on digital technologies to run their operations, cyber-related attacks have taken a quantum leap in both number and sophistication, threatening to derail continuity and create long-term impact. According to Microsoft’s Digital Defense Report, 600 million cyberattacks occur around the globe every day. A single breach can devastate not only a…

Are Nonprofits Exempt from Arizona Sales Tax?

May 12, 2025

One of the appeals of establishing a nonprofit organization is that these organizations are generally exempt from paying one or more types of tax. But just because an entity is exempt from one type of tax does not mean it is exempt from all taxes. In my work with Arizona nonprofit organizations, one common question…

Why More Businesses are Turning to Fractional CFO Services

May 12, 2025

For many small and mid-sized businesses (SMEs), hiring a full-time Chief Financial Officer (CFO) can often exceed operational needs or current budget realities, despite the clear value seasoned financial leaders bring to the table. Because of this, many businesses are turning to fractional CFO services as an alternative to capture the executive-level expertise without the…

Succession Planning is Vital – What You Need to Know

May 12, 2025

In 1977, Steve Jobs and Steve Wozniak incorporated Apple Computer, a company that would revolutionize technology and consumer electronics and have a profound impact on the music, film, and wireless industries. Apple went public in 1980, and by 1983, it was one of America’s top companies. In 2003, Jobs was diagnosed with a rare form…

May 2025 Newsletter

May 12, 2025

How to Read a Not-For-Profit Tax Return (Even if you are not a tax professional) Part I

April 18, 2025

According to the Internal Revenue Service, there are approximately 1.5 million public charities and private foundations in the US. That’s a lot of good work being done! Public charities depend on donations from the general public to carry out their missions. With 1.5 million organizations to choose from, how do you decide which you want…