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…
Miscellaneous
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…
PPP Forgiveness Deadline Now Approaching
If you’re a small business owner and you haven’t yet filed for forgiveness of your Paycheck Protection Program (PPP) loan, your time might be running out. The PPP loan program provided a means for small business owners to continue to pay their employees during the COVID-19 crisis. The program provided businesses with up to $100,000…
Major Changes to Arizona Income Taxes
On June 30, 2021, Governor Ducey signed new legislation that included significant overhauls to state tax laws. Arizona’s Budget Plan, or SB 1783, includes major changes to income tax filing rules that could have big impacts on small businesses. At The Royce CPA Firm, we are following these changes, which could still face challenges from…
A Look at Our Secure File Exchange Service
When you’re running a business, the last thing you want to add to your plate is running secure documents back and forth to your CPA. We understand that, which is why we offer our clients a secure file exchange service. Using our digital file exchange service, you can send us all of the documents we…
Video Walkthrough: New Tax Laws for Businesses in 2021
Businesses of all sizes and industries have been through a rough time. Fortunately, help is on the way. In late December of 2020, Congress passed The Consolidated Appropriations Act, 2021. It includes a new round of Paycheck Protection Program (PPP) loans. Here’s what you need to know the effects of these tax changes on your…
Video Walkthrough: New Tax Laws for Individuals in 2021
Welcome to another New Year! Here at The Royce CPA Firm, we’re looking forward to better times ahead. What better way to ring in the New Year than with a look at some of the tax law changes you can expect? The good news is that Congress has approved a new stimulus package. The Consolidated…
Expanded Retirement Option
Effective January 1, 2020, a new law went into place called the SECURE Act (signed on December 20th, 2019). The SECURE Act made many changes to our current retirement laws. Here are some highlights: Under old law, you could not make contributions to a Traditional IRA once you turned 70 ½. Under new law, you…
Take a Look at Our New Office Space!
We are so pleased with how our new office is turning out. We know many of you won’t have the chance to see our place before the new year, so we’d like to invite you to follow along as we show you around! We’re now easier to find! Our road sign is (finally) in…
We’ve Moved to 3075 N Swan Rd!
After years of continued growth, we’re expanding! A wonderful opportunity presented itself in the form of an office building located just Northwest of our current location on Swan Road.It is a bittersweet departure as we’ll be moving away from the friends we’ve made in suite 209, including Laila Aussie, who will be staying with the…
Buying a Vehicle in 2019? Here’s How to Save on Taxes!
All sorts of businesses rely on four wheels to run their operations. If you need to buy a new pickup truck, SUV, van, or car, you could save on your taxes! It’s all thanks to the Tax Cuts and Jobs Act (TCJA). However, you’ll need to make the purchase before the end of the year…
Core Value Spotlight: Curiosity & Lifetime Learning
Lifetime learning is a treasured core value here at The Royce CPA Firm. And so when TEDxTucson announced the 5th annual conference, [r]evolution, we jumped at the chance to attend! It took place at the Berger Theater on September 21st, and featured talks by 12 of Tucson’s most dynamic thought leaders. Here’s a snippet of…
Do You Know Your Net Worth Number?
Wealthy individuals are typically described as either millionaires or billionaires. But beyond these categories, there are significant variations in wealth. A person who has managed to save $1 million for retirement is different from someone with a $900 million dollar nest egg. And how can you quickly define someone who barely has $1 billion to…
Who is Jason? And why is he calling me?
Over the summer, we made some internal adjustments to better serve you. The most obvious change may be the new, male voice on the telephone. His name is Jason and he’s our new Client Advocate. Designated to work on your behalf, Jason’s typical day is spent answering your calls, emails and texts. Often, he’ll run…
Arizona Daily Star Reader’s Choice Awards
Thanks to you, and the Arizona Daily Star, we are one of Tucson’s top 3 favorite CPA firms for the second year in the row! Earlier this summer, your votes launched us to the top of the very long list of qualified firms. We took this opportunity to treat our staff to a beautiful evening…
You’re Running Out of Time to Install Solar Panels
Solar panel technology isn’t new any longer. In fact, it’s gotten quite advanced. When you install solar panels on your roof, you can look forward to greater energy independence and significant savings. However, if you’ve been hoping to take advantage of tax credits to defray the costs of your new solar panels, you’re running out…
It’s with Great Sadness That We Inform You of the Passing of Kay Groll
What Are the Tax Benefits of Employing Your Children?
Can employing your children at your business benefit you when it comes time to file your taxes? Thanks to recent changes in tax law, you can’t claim your child as a personal exemption anymore. However, it is still possible to enjoy tax benefits from employing your children. Here’s what you need to know about taking…
Pros and Cons of Using Bitcoin for Transactions
Have you ever thought about using bitcoins to make purchases? If you have, then you may be wondering if there are any benefits or disadvantages for using this popular virtual currency. To understand what those pros and cons might be, let’s use a simple example. Let’s say that Jane is a consultant who works as…
How Our Spreadsheets Can Help You Track Your Expenses
When tax time rolls around, you may find yourself rushing to gather all of the financial information you need. If this sounds all too familiar, then an experienced certified public accountant can help. This year, don’t let yourself get overwhelmed by the prospect of doing your taxes on your own—turn to a professional for the…