R&A CPAs blog
Employee Retention Credit: New Guidance
In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but complex Employee Retention Credit. The IRS is addressing changes made by the American Rescue Plan…
What To Know About the New Lease Accounting Standard
Every day that passes marks less time for private companies to get ready for ASC 842, the new lease accounting standard. The standard applies to any company preparing financial statements…
What Not-For-Profits Need to Know About Form 990
Purpose of Form 990 Nearly all the approximately 1.74 million organizations recognized as tax exempt by the IRS must file Form 990 or another form in the same series annually.…
Deciding Whether You Can Claim R&D Benefits
The research and development tax credit is a tax incentive program. Also known as the research and experimentation tax credit, the research tax credit, or the R&D credit, the credit allows…
Nonresident Individuals and Tax Returns
Form 1040-NR is a version of the IRS income tax return for nonresident individuals to file if they earned income from US sources throughout the year. As with regular Form…
Did You Know? R&A Offers Business Valuation Services
You want to know the value of your business. R&A can help you with that. Many business owners are faced at some point with the question “What is my company…
Are You Spending Too Much on Bookkeeping?
Wondering what your options are to reduce spending and increase income? Here are some tips: Organize your documents and communications. Receipts scattered? Can’t keep up with payments that are due? Missed payments…
Tax Treatment for Kids Working in the Family Business
What kind of business is a mom-and-pop operation? It’s probably not a question you pondered when you dreamed of going into business. Suppose you employ your child. How is this…
Did You Know? R&A Offers Outsourced Accounting, Payroll, and Advisory Services
You want to grow your business. R&A can help you do that. Many small- to mid-size businesses are outsourcing non-core functions, including accounting and payroll. Those services can include: general ledger management,…
Closing an Arizona Limited Liability Company
Closing your Arizona Limited Liability Company (LLC) can be a challenging and difficult task. You may be facing legal matters such as settling debt or protecting personal property and there…
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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.