R&A CPAs blog
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…
I Bonds: Protecting Your Portfolio from Inflation
With a rising inflationary environment—the highest in four decades—investors are seeking shelter in low-risk investments to protect their portfolios. As a result, there has been record demand for I Bonds,…
October 2022 Newsletter
I Bonds are a nearly risk-free diversification strategy to hedge against market volatility and there has been record demand for I Bonds.
September 2022 Newsletter
Intra-family loans may be beneficial to you and your family. Click through for the details. | It’s one of the most sweeping and most controversial bills passed in recent years.…
Intra-Family Loans: Transferring Wealth to Finance Future Generations
Over the past couple of years, the economy has been pulled in all directions. The effects have been seen through record-high home prices, higher interest rates, and inflation. While federal…
Cybersecurity & Remote Work: 6 Steps to Protect Your Business
In 2020, the FBI reported 1.4 million cybercrime complaints, mostly identity theft, up from 651,000 in 2019. The Federal Trade Commission received 4.8 million cybercrime complaints in 2020, up from…
August 2022 Newsletter
Portability is often an effective, go-to estate planning strategy that could make a considerable difference for taxes owed on larger estates, especially with today’s generous exemption amounts.
Depositing and Reporting Employment Taxes
As an employer, you are required to uphold the responsibility of payroll taxes. As such, you must also ensure that you understand what the rules are, especially due to how…
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Checking Your Federal Tax Withholding – Why, When, and How
If you are an employee, you know that various taxes are withheld from your paychecks. While you generally can’t change the amount of social security and Medicare taxes withheld, you can change the withholding amounts of federal and state income tax. In fact, the IRS encourages taxpayers to review their income tax withholding at least…
R&A Named a 2026 Top 500 US Accounting Firm
R&A is very pleased to share that we have been recognized as a Top 500 Firm in the US for 2026 by INSIDE Public Accounting based on US net revenue. INSIDE Public Accounting is a leader in practice management and CPA firm resources for the public accounting profession. Of this recognition, Phillip C. Dalrymple, CPA, CFE, and R&A Managing Partner said, “We are proud…
Trusts Can be Powerful Estate Planning Tools
You’ve probably had a check-up with your doctor or dentist in the last year as part of your routine practice of self-care. Preventive visits like this can detect and address potential health issues in their earliest and most treatable stages. We think of estate planning as preventive care for your life and loved ones. No…
Promises of Tax Settlements for “Pennies on the Dollar” are Often Too Good to be True
At R&A CPAs, we often find ourselves counselling individuals or businesses that are overwhelmed by large tax liabilities or mired in IRS bureaucracy. Like you, we see ads promising amazing “pennies on the dollar” settlement deals with the IRS touted by “professionals,” backed up by dramatic testimonials of success. These settlements refer to the IRS’s…
Meet Jorge Fuentes Quihui, Associate – Assurance
Meet Jorge Fuentes Quihui, Associate – Assurance
The IRS’ ‘Dirty Dozen’
The IRS’s annual “Dirty Dozen” list exposes the top 12 tax scams, fraud schemes, and aggressive avoidance tactics threatening taxpayers. Ranging from phishing scams and identity theft to abusive tax shelters and misleading social media advice, the list alerts both individuals and businesses to emerging threats, helping them safeguard their financial assets and maintain tax compliance.
IRS Announces New Automatic Exemption from Penalty Program
The IRS’s Automatic Exemption from Penalty (AEP) program simplifies tax relief by automatically waiving failure-to-file, failure-to-pay, and failure-to-deposit penalties for compliant taxpayers. Replacing the manual First Time Abate process, the automated system evaluates eligibility during return processing—waiving penalties for individuals and businesses with three years of clean compliance history—without requiring formal requests or phone calls.
Estate Planning is Changing: What Families Should Revisit Now
Shifting tax exemption thresholds, evolving retirement account rules, and changing family dynamics make static estate plans a risk. Families should revisit their plans now to update beneficiary designations, review trusts, refresh health care and financial powers of attorney, and adjust wealth transfer strategies to ensure their assets remain protected and align with their current intentions.