Do you own an S-Corporation and pay for your own health insurance, like Medicare, or a policy through the ACA Marketplace? If so, there’s a very specific step you must take to deduct those premiums on your personal tax return. If you don’t report it properly, you’re missing out on thousands of dollars. How to…
Blog
Cozy Comfort for a Cause: The Royce CPA Firm Partners with Angel Heart Pajama Project
This season, The Royce CPA Firm is proud to partner with Angel Heart Pajama Project, a Tucson-based nonprofit that provides new pajamas and books to children in need. Their mission is simple yet powerful — to bring warmth, comfort, and a sense of security to children who have experienced trauma, abuse, or homelessness. From now…
High Income? Here’s a Little-Known Way to Supercharge Your Retirement & Cut Taxes
If you’re a solo business owner with strong, consistent income—and you’ve been maxing out your retirement plans—you might be wondering: What else can I do to lower my taxes and build wealth faster? There’s one option most business owners overlook: the Defined Benefit Plan (sometimes called a Pension Plan). What Is a Defined Benefit Plan?…
Celebrating 3 Years with Glydee!
This month, we’re celebrating three amazing years with Glydee, one of our dedicated Client Coordinators here at The Royce CPA Firm. Since joining the firm in 2022, Glydee has become known for her steady reliability, strong attention to detail, and her ability to keep projects moving smoothly behind the scenes. As a Client Coordinator, she…
Big Changes Coming to Charitable Giving Rules
If you’re someone who gives generously to causes you care about, there’s a new tax law on the horizon that could affect your giving strategy. Thanks to the recently passed One Big Beautiful Bill Act (OBBBA), charitable contributions will be treated differently starting in 2026—and some of the changes could impact how much you can…
New Tax Break for Seniors: $6,000 Deduction Coming in 2025
If you’re age 65 or older, there’s a new tax benefit you should know about – starting in 2025, you’ll be eligible for an extra $6,000 deduction, just for being a senior. And if you’re married and both you and your spouse are 65 or older, you can double it to $12,000. Yes, of course…
Team Spotlight: Celebrating Melissa’s 1-Year Anniversary!
This month we’re excited to celebrate Melissa Chau’s 1-year work anniversary with The Royce CPA Firm! As a member of our accounting team, Melissa brings skill, care, and dedication to her work, making a lasting impact for both our clients and our team. Recently, Melissa and her husband Jamal traveled to Japan, where they explored…
Overtime Rules Are Changing — Will Your Business Be Ready?
The Department of Labor’s overtime exemption rules are raising questions for employers — especially construction companies and small businesses with salaried staff. Join The Royce CPA Firm for a free, 90-minute webinar to learn: Who qualifies as exempt under the current rules Why misclassification is so costly How the changes affect foremen, admins, and salaried…
Exciting News at The Royce CPA Firm!
We’re proud to announce that our Executive Assistant, Krista Oaks, has officially passed her Legal Document Preparer exam. In just a few short weeks, The Royce CPA Firm will be able to provide legal document preparation services to our clients. This new service will allow us to better support you with important legal paperwork while…
Travel for Free Tax Tip
Make sure your business credit card is a ‘travel points’ card, and not a ‘cash back’ card! You can use your business travel points for a personal vacation; tax free! But if you get ‘cash back’ on your business credit card, then the cash back is taxable income! Put Simply: Use cash-back credit cards only…
No More Paper Checks
Starting September 30, 2025 The IRS will stop mailing your tax refunds by paper check. Direct deposit will be the only option. This is the first phase in trying to modernize America’s banking system. In the second phase, the IRS plans to stop receiving paper checks including your estimated payments. Additional guidance is expected in…
Deduct Your Car Loan Interest
Starting in 2025, you may be able to deduct the interest you pay on a car loan—even if it’s for personal use. That’s right: the same way mortgage interest can reduce your taxes, interest on your personally owned vehicle might now help you save on your tax bill, thanks to a new rule in effect…
Welcome, Baby Girl! Celebrating Camille’s New Arrival
We’re thrilled to share some joyful news from The Royce CPA Firm family — our wonderful team member, Camille, has welcomed a beautiful baby girl into the world! She arrived on July 19th at 11:33 PM, and both mom and baby are doing well. Camille is now officially on maternity leave as she spends these…
Electric Vehicles for Contractors = Act Before 9/30/2025
Why Contractors Should Care About This Tax Credit If you’re thinking about upgrading your work trucks or vans, now’s the time to go electric. With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4th of this year, the deadline to qualify for the $7,500 tax credit has moved up – way…
No Tax on Overtime? New Reporting Rule Means You Still Have Work to Do
Contractors: Act Now. With the new One Big Beautiful Bill Act (OBBBA), starting in 2025, your employees won’t have to pay federal income tax on their overtime wages. That’s great news for them. But for you, the employer, it means new tracking and reporting requirements. What Changed Overtime wages are now exempt from federal income…
We’re Honored: The Royce CPA Firm Nominated for Tucson’s Reader’s Choice Awards!
We’re excited to share that The Royce CPA Firm has been nominated for Best CPA Firm in the 2025 Tucson Readers’ Choice Awards! You can text in your vote – Text 1527 to (520)-214-8683 Even more meaningful — Crystal Royce, our founder and CEO, has also been nominated for Best Owner/CEO. These nominations feel extra…
Royce CPAs Help You Learn About Arizona’s New Tax on Small Business Before It’s Too Late and You Risk Losing Out
What Happened? Your accountants here at Royce CPA Firm want to make all of you Arizona business owners aware of changing tax laws. We understand that business tax law can be complicated, and most small business owners simply do not have the time to be monitoring every new development. That is why we do our…
Discover New Secrets on How to Use Your HSA for Menstruation & Advil
Your Tucson accountants here at The Royce CPA Firm are committed to helping you get the most out of your Health Savings Account (HSA). Many people are confused by what they can and cannot use the funds for, especially when the rules change. However, a recent change in the rules actually works in your favor…
Help Us Support Angel Heart Pajama Project with The Royce CPA Firm Pajama Drive
Giving back to our community is a commitment we take seriously at The Royce CPA Firm. We’re thrilled to be holding a Pajama and Book Drive in the month of September. We will be taking donations from September 1 until October 1 and hope you’ll help us spread the word! What We’re Collecting for the…
Quarterly Tax Payments Are Due 9/15
If you submit your tax payments quarterly, the deadline may be sneaking up on you. Here is a friendly reminder that your third quarter estimated tax payment is due on the 15th of September. While the IRS may delay refunds owed to people, they will definitely impose additional penalties on you if you miss your…