Coronavirus Relief Fund Interim Payment Reports due Friday, July 17

REDW LLC | July 14, 2020

Recipients of Coronavirus Relief Fund payments have until Friday, July 17, 2020 to file costs incurred from March 1 through June 30, 2020. Read more.

Small Businesses: Consider Economic Injury Disaster Loans (EIDLs)

REDW LLC | July 13, 2020

In the distress of the pandemic, one source of economic aid may not be getting enough attention from small businesses: the Economic Injury Disaster Loan (EIDL). Like a Paycheck Protection Program (PPP) loan, the EIDL is provided by the U.S. Small Business Administration. In an interview, REDW Principal Brian Foltyn provides some quick, essential highlights about EIDLs. Read more.

New Mexico Tax Relief Bill Takes Effect Immediately

REDW LLC | July 1, 2020

A new tax relief bill (House Bill 6) signed June 29 by Governor Michelle Lujan Grisham provides New Mexico taxpayers with a temporary break on the interest and penalties they would normally owe on unpaid taxes. Read more.

PPP Loan Update: The Latest Changes You Need to Know Now

REDW LLC | June 30, 2020

In their latest in a series of informational webinars on PPP Loans, from application through forgiveness, REDW Tax Principals James Ortiz and Christina Roderick discuss the implications of the new PPP Flexibility Act, and more. Read more.

Arizona Offers Rapid Job Training Grants to Employers

REDW LLC | June 29, 2020

The Rapid Employment Job Training Grant, provides support by reimbursing training and related costs for businesses that quickly hire new employees following reopening. Read more.

Single Audit Compliance: New OMB Guidance Rescinds Some Due Date Extensions

REDW LLC | June 26, 2020

New guidance (M-20-26) issued by the federal Office of Management and Budget rescinds the blanket six-month single audit deadline extension for fiscal year-ends through June 30, 2020 and revises some of the administrative flexibility regarding single audit compliance outlined in previous memos. Read more.

Distressed M&A in a Pandemic: Considerations for Private Equity

REDW LLC | June 25, 2020

Detailed and rigorous due diligence has always been key to a successful acquisition, but now is a critical component in valuing a target with some confidence. Even before the coronavirus sent the global economy into a tailspin, private equity funds were training their focus inward on creating value for their portfolio companies and signaling more interest in distressed investing. The onset of the pandemic has only magnified this trend. Read more.

New Guidance on PPP Early Loan Forgiveness

REDW LLC | June 24, 2020

Paycheck Protection Program recipients choosing to extend their covered period, may apply early for loan forgiveness, but doing so could cost them money. In consultation with the Treasury, the U.S. Small Business Administration addresses various issues related to the PPP in a 34-page interim final rule (IFR) issued Monday night, June 22. Read more.

Navigating the COVID-19 Federal Appropriation Acts: A Roadmap for Tribes

REDW LLC | June 18, 2020

REDW's COVID-19 Response Team of finance and consulting experts presented a one-hour webinar on June 18, 2020 that provides a roadmap for helping your Tribe successfully navigate today's challenging and ever-shifting regulatory landscape. Read more.

SBA Reopens Portal for Economic Injury Disaster Loans & Advances

REDW LLC | June 18, 2020

The U.S. Small Business Administration has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to small businesses and non-profits experiencing economic hardship due to COVID-19. Read more.