R&A CPAs blog
Should I Itemize My Deductions?
When filing your individual income tax returns, you are allowed to deduct certain expenses from your taxable income, thus reducing the amount of income tax you must pay. There are…
Small Business Owners May Qualify to Deduct Their Home Office Expenses
If you own a small business and “exclusively and regularly” use part of your home as your primary place of doing business, you may be able to deduct some of…
Can You Claim the Credit for Other Dependents?
If you’re taking care of adult children, relatives or parents, you know that this can create an additional financial strain. To ease it, the IRS offers a credit for dependents…
Credits vs. Deductions: What’s the Difference?
Tax deductions and tax credits can both help you, but that doesn’t mean they’re the same thing. Knowing how they work can help you understand your tax situation. Tax credits…
R&A CPAs Promotes Nathaniel K. Eggman to Shareholder
Tucson, AZ, January 26, 2022—R&A CPAs, one of Southern Arizona’s leading public accounting and business advisory firms, announced today that Nathaniel K. Eggman, CPA, PFS has been promoted to shareholder.…
Taxable and Nontaxable Employee Benefits
As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around…
What’s the Tax Deal on IRAs?
IRAs—individual retirement arrangements—are among the most popular retirement savings vehicles. They can be used to reduce taxes on retirement savings, but how do they work? If you create a traditional…
Did You Know? R&A Can Assist Your Business with Human Resources Services
Human resources management is a complex and ever-evolving aspect of running a business. Our clients often look to us to assist them in their human resource decisions. In addition to…
Do You Need a Forensic Accountant?
If you discover money missing from your business, you may need a forensic accountant. Forensic accountants are qualified to investigate the source of missing money and determine whether you were…
Section 1031 Like-Kind Exchanges: When They Are the Right Choice
In very simple terms, a like-kind exchange is a tax-deferred transaction that allows one asset to be swapped with another, similar asset without generating a capital gains tax liability from…
Search
Have A Question?
Talk to our tax experts today
520-881-4900
Categories
The Purpose of Form I-9: What Employers Need to Know
Every employer needs to complete Form I-9 for their employees. It is an important compliance document. Here is what you need to know.
Meet Junna Stockwell, CPA, Supervisor – Assurance
Junna is a supervisor in our Assurance department. In her role, she solves financial problems and helps provide accurate financial reporting for our clients.
The True Cost of Poor Recordkeeping
Poor recordkeeping can create costs that include problems with tax compliance, reporting, and planning—among others. Click for details and avoid these errors.
Meet Christopher Bezerra-Clark — Associate, Client Accounting Services
Get to know the R&A team! This month, featuring Christopher Bezerra-Clark from our Client Accounting Services team.
Claiming a Mileage Deduction on Your Tax Return
If you use your vehicle for business, charity, or medical purposes, you may be able to take a tax deduction. Here is what you need to know.
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.