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Done With Taxes This Year? Use 2018 Return to Get 2019 Withholding Right 

  

WASHINGTON — Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can use their recently finished 2018 return and the IRS Withholding Calculator to do a Paycheck Checkup and…

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R&A CPAs Hires Jo Alenson as Marketing Manager

  

FOR IMMEDIATE RELEASE: Tucson, AZ, April 9, 2019 — R&A CPAs announced today that Jo Alenson has joined the firm as Marketing Manager. Jo brings with her nearly forty years of marketing experience in industries including airline/travel, global distribution systems, and internet start-ups for brands including United Airlines, Accenture, and Hewitt Associates. Jo joins R&A…

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How Will The Mexican Tax Reform Impact You?

  

Although Mexico’s budget for 2019, which entered into effect as of January 1, 2019 does not include any new taxes, there are some changes that should be kept in mind during this fiscal year such as: Elimination of universal offset One of the most significant changes included in the 2019 tax reform is the elimination…

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Done With Taxes This Year? Use 2018 Return to Get 2019 Withholding Right 

May 2, 2019

WASHINGTON — Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can use their recently finished 2018 return and the IRS Withholding Calculator to do a Paycheck Checkup and…

R&A CPAs Hires Jo Alenson as Marketing Manager

April 9, 2019

FOR IMMEDIATE RELEASE: Tucson, AZ, April 9, 2019 — R&A CPAs announced today that Jo Alenson has joined the firm as Marketing Manager. Jo brings with her nearly forty years of marketing experience in industries including airline/travel, global distribution systems, and internet start-ups for brands including United Airlines, Accenture, and Hewitt Associates. Jo joins R&A…

How Will The Mexican Tax Reform Impact You?

January 17, 2019

Although Mexico’s budget for 2019, which entered into effect as of January 1, 2019 does not include any new taxes, there are some changes that should be kept in mind during this fiscal year such as: Elimination of universal offset One of the most significant changes included in the 2019 tax reform is the elimination…

Will You Be Taking Advantage of the New 20% Pass-through Business Deduction This Year?

January 16, 2019

One of the most talked about changes under the Tax Cuts and Jobs Act is the new 20% deduction afforded to qualifying businesses. This deduction applies to income from pass-through entities and may provide a substantial tax benefit to individuals that qualify for the deduction. What exactly is the pass-through business income deduction? The deduction…

What Is GILTI And How Does It Work?

January 16, 2019

Global Intangible Low Tax Income Global Low Tax Intangible Income (GILTI) is a new tax regime under the Tax Cuts and Jobs Act (TCJA). Under this regime, United States Shareholders of Controlled Foreign Corporations (CFC) will potentially have an income inclusion based on the net earnings and profits of the CFC, less a few exceptions,…

The 5 Biggest Surprises for Businesses Arising from the New Tax Law

January 9, 2019

1) Owners of pass-through entities may get a significant deduction from the new 199A deduction, but it is a complex and time-consuming calculation. This new provision gives eligible businesses up to a 20 percent tax deduction on certain qualified business income. However, the new 199A deduction requires additional reporting for every pass-through entity. Because the deduction…

R&A CPAs Awarded Top 400 Accounting Firms by Inside Public Accounting

October 10, 2018

FOR IMMEDIATE RELEASE Tucson, AZ— October 5, 2018 — R&A CPAs, announced today that it has been named to the 2018 INSIDE Public Accounting (IPA) Top 400 Firms. This annual ranking gathers surveys and analytical data from firms across the United States. For the most recent fiscal year, IPA Top 301-400 firms range in size…

Micro-Captives Explained

October 10, 2018

Good business owners and managers are always hunting for ways to reduce costs without impacting their companies. You may have heard of companies starting their own insurance company but not have considered it a valid option for your company because of its size. Starting an insurance company to cover business risks can be accomplished by…

FDII: Tax Reform’s Overlooked Benefit of U.S. Exporters

October 1, 2018

In an effort to boost the production of U.S. goods, the 2017 Tax Act introduced a Foreign Derived Intangible Income (FDII) deduction for tax years 2018 and beyond. But despite the deduction representing a significant reduction in tax rates, the benefit remains under-utilized. If your corporation exports goods or sells services outside of the U.S.,…