R&A CPAs blog

June 2025 Newsletter

How to Read a Not-For-Profit Tax Return (Even if you are not a tax professional) Part II

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…

Meet Jessica Nutbrown: Client Accounting Services Supervisor

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…

Top 10 Cybersecurity Practices Every Business Needs to Stay Ahead of Threats

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…

Are Nonprofits Exempt from Arizona Sales Tax?

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…

Why More Businesses are Turning to Fractional CFO Services

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…

Succession Planning is Vital – What You Need to Know

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…

May 2025 Newsletter

How to Read a Not-For-Profit Tax Return (Even if you are not a tax professional) Part I

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…

Managing Cash Flow and Tax Planning in Real Estate Portfolios

Real estate has weathered its fair share of market shifts in recent years, but compared to more volatile asset classes, its resilience continues to buoy portfolios with diversification and long-term…

Do You Need to Make Estimated Tax Payments?

June 4, 2026

The US tax system requires taxpayers to pay tax on income as it is received during the year—paying estimated taxes through the year helps you avoid some potentially significant IRS penalties and interest. Click for what you need to know.

Top HOA Fraud Risks and Why Financial Statement Audits Matter

June 4, 2026

Fraud can occur in any Homeowners Association (HOA). Understanding where fraud tends to show up and what financial statement audits can reveal can help boards strengthen oversight and better protect community funds.

How to Structure Real Estate Investments for Maximum Tax Efficiency

May 7, 2026

The structure behind real estate investment is key—the difference between a well-structured investment and a poorly structured one can be significant. Click for the details.

Why Some Taxpayers May Need to File Amended 2025 Arizona Tax Returns

May 7, 2026

States can create their own tax laws—and that adds complexity for taxpayers who must file both federal and state tax returns. Click for more information and some specifics for Arizona.

Does my Business Need Cyber Liability Insurance?

May 7, 2026

Because the financial consequences of a cyberattack can be devastating, business owners must consider what they can do to manage risk and mitigate damage. Cyber liability insurance is an option we recommend.

IRS to Revise Nonprofit Tax Returns

May 7, 2026

New proposed changes to Form 990, which is filed by not-for-profit organizations, will focus on making an organization’s use of funds more transparent. Click for more details.

What OBBBA Tax Changes Take Effect in 2026?

May 7, 2026

January 1 ushered in a new set of provisions resulting from the One Big Beautiful Act that will influence what 2026 looks like. You will want to pay attention now, before the year gets too far along.

April 2026 Newsletter

April 9, 2026

Understanding the Federal R&D Tax Credit

April 9, 2026

At its core, the federal R&D tax credit, enacted in 1981 to stimulate innovation and business investment, provides dollar-for-dollar savings tied to qualified research activities. It is now complemented by similar tax credits in many states and, together, federal and state credits can amount to as much as 20 percent of the costs incurred in…