R&A CPAs blog

Year End Risk Assessment, assessment services, Tucson, R&A CPAs, CPAs, tax services, accounting, accounting services

How To Conduct A Year-end Risk Assessment

Auditors assess their clients’ risk factors when planning for next year’s financial statement audit. Likewise, proactive managers assess risks at year end. A so-called “SWOT” analysis can help frame that…

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gaap-vs-tax-basis-reporting, assessment services, Tucson, R&A CPAs, CPAs, tax services, accounting, accounting services

GAAP vs. tax-basis reporting: Choosing the right model for your business

Virtually every business must file a tax return. So, some private companies issue tax-basis financial statements, rather than statements that comply with U.S. Generally Accepted Accounting Principles (GAAP). But doing…

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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…