Risky Business: How Well Are You Managing Business Risk?

  |  May 11, 2021

If last year taught us any lessons, it’s that the world is a risky place. And not just for individuals. Businesses faced more challenges than ever before in simply conducting their work– a pandemic, local stay-at-home orders and supply chain disruptions. As professional and personal activities began to intermix on mobile devices, and social distancing...Read more. Read More

PPP Loan Deduction Safe Harbor Guidance Provided by IRS

  |  May 5, 2021

New guidance from the IRS and U.S. Treasury Department provides a safe harbor in line with a provision in the Consolidated Appropriations Act, 2021, signed Dec. 27, 2020. Businesses now may deduct those expenses on their original federal tax return for the first taxable year following the 2020 taxable year, rather than filing an amended return or an administrative adjustment request. Read more. Read More

CARES Act Loans – Correcting Potential Errors

  |  April 28, 2021

The CARES Act included many moving parts and different deadlines related to loans. As a result, many plan sponsors—or their third-party service providers—may have made errors related to participant loans, including missing important cutoff or restart dates. Plan sponsors should work with their service providers to ensure that loans are being administered accordingly—or take advantage of federal self-correcting programs to get retirement plan loans back on track. Read more. Read More

Shoot Straight, Be Bold: Leadership Advice from REDW Principal Sandy Abalos

  |  April 13, 2021

Not many freshly minted college graduates would propose bringing their young children to work, becoming partner as soon as they pass the CPA exam, or buying out their partner when he retired as part of a job interview. And certainly not in the 1970s, when only a tiny fraction of accounting students at Arizona State University were women. But nobody told Sandy Abalos that she couldn’t. So she did. Read more. Read More

M&A Earnouts? Count on Book & Tax Implications

  |  April 7, 2021

A key challenge in any deal negotiation is agreement on purchase price between the buyer and seller. To reach an appropriate purchase price that takes uncertainty into account, parties may choose to include an “earnout” in the acquisition agreement and must be aware of book and tax implications early on in the process. Read more. Read More