R&A CPAs blog
Key Provisions of the New Tax Act
On July 4, 2025, Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law. At the center of the bill is the extension of many provisions of…
OBBBA – Tax Treatment of R&D Expensing and Bonus Depreciation
The One Big Beautiful Bill Act (OBBBA) significantly impacts the tax treatment for businesses of research and development (R&D) expense and bonus depreciation. These new provisions offer substantial benefits and …
What is The Difference Between a Public Charity and a Private Foundation?
If you listen to public radio, you have probably heard an announcement that programming is supported by an organization such as the Jane Doe Private Foundation or the Smith Family…
Meet Lisset Anderson – Supervisor, Client Services
Lisset Anderson is a Supervisor in Client Services and has been a member of the R&A team since 2018. Lisset supports R&A’s clients, responding to questions, and ensuring client satisfaction.…
The Fraud Diamond
First, there was the Fraud Triangle. Then came the Fraud Diamond. David Wolfe and Dana Hermanson, the authors of “The Fraud Diamond: Considering the Four Elements of Fraud” (2004), created…
Employee Gift Matching Programs: Benefits and How-Tos
Employee gift matching is a powerful philanthropic strategy that involves companies pledging to match the charitable contributions their employees make to non-profit organizations. General Electric created the first known gift…
Understanding the Rising Threat of Deepfake Fraud
Fake or doctored images appear all over the internet and on our phone and computer apps these days. Some are harmless and entertaining. See how you will look as you…
Strengthening the Foundation: A CFO’s Perspective on the Importance of Internal Controls
In our article last month, “Why More Businesses are Turning to Fractional CFO Services,” we shared that many growing businesses lack the sophisticated financial controls and systems that are needed…
Navigating Financial Complexity in Construction: Strategies for Cash Flow, Cost Control, and Long-Term Profitability
Construction professionals operate in one of the most financially complex industries, where managing cash flow and cost control from job to job creates fluctuating liquidity patterns unlike any other sector.…
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IRS Interim Guidance Provides Clarity on Bonus Depreciation Rules
The One Big Beautiful Bill Act (OBBBA) brought welcome news for businesses with the permanent return of 100 percent bonus depreciation. Businesses are now eligible to deduct the full cost of qualifying assets acquired and placed in service after Jan. 19, 2025. Until recently, bonus depreciation was scheduled to phase out entirely under previous law.…
Trump Accounts – The Basics
The One Big Beautiful Bill Act passed in July 2025 established the 530A account, a new type of tax-advantaged IRA designed specifically for children. Better known as Trump accounts, these IRAs are designed to help children enter adulthood with greater financial security. A Trump account is subject to certain special rules on contributions, investments, distributions,…
529 Tuition Programs – What You Need to Know
Qualified tuition programs, also called 529 plans, are tax-advantaged plans designed to encourage saving for future education costs. These plans are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code (surprise!). Speaking of surprises, 2025 research shows that 52 percent of Americans don’t know what…
Handling a Family Business
Fairness isn’t always about equal shares – it’s often about what makes sense based on each person’s needs and circumstances. Sometimes one child needs more financial support or hands-on help. Other times, it’s about who’s better equipped to take the reins. At the end of the day, the goal is to land on a solution that allows…
Is Your Business Healthy?
Many leaders see sales and assume all is well, but hidden issues can linger under the surface. Discover the four essential financial tests. From liquidity to profitability, that determine the true health of your company.
The ABCs of RMDs and QCDs
The federal government encourages individuals to save for retirement by providing tax incentives for those who make contributions to personal retirement accounts. The goal is to help people achieve financial independence in retirement and lessen the burden on public assistance programs for older Americans. The government offers these tax incentives as a trade-off, foregoing tax…
Five Reasons to File Your Taxes Early
It has begun! The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the 2026 filing season. Taxpayers have until Wednesday, April 15, 2026, to file their 2025 tax returns and pay any tax due. (Filing a six-month extension will give taxpayers until October 15, 2026, to file their tax returns but…
Could Your Child Owe Taxes? Here’s What To Know
We generally assume that children aren’t required to pay taxes. But if your child has unearned income-such as interest and dividends from investments-the IRS may require them to file a return. There are two main situations to consider. Their unearned income exceeds $2,700 for 2025 Your child will fall under what’s known as the kiddie…