M&A Earnouts? Count on Book & Tax Implications

REDW LLC | 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

Treasury and IRS Extend Individual Tax Deadline to May 17

REDW LLC | March 18, 2021

It is official: The Treasury Department and Internal Revenue Service have announced that the due date is now May 17 – not April 15 – for individuals filing for the 2020 tax year. Read more. Read More

Businesses Who Took PPP Loan Funds Encouraged to Continue Waiting to File 2020 Tax Return

REDW LLC | March 15, 2021

If you’re a business that secured PPP loan funding over the past 12 months, trusted REDW professionals strongly advise that you continue to wait to file your tax return until after the IRS has clarified these unanswered questions. Read more. Read More

Tax Holidays & CARES Act Conformity in New Mexico

James Ortiz | March 1, 2021

New Mexico’s first session of the 55th State Legislature passed a measure that will provide coronavirus relief for bars and restaurants in the form of a four-month “tax holiday.” Read more. Read More

Exclusivity Period for Smallest Businesses to Access PPP Loans Ends March 9, 2021

Craig Neumann | February 26, 2021

Until Tuesday, March 9, 2021 at 5pm ET, the end of a two-week period, the U.S. Small Business Administration will not accept new applications from lenders for businesses and nonprofits with 20 or more employees, so that lenders can focus on serving smaller companies. Read more. Read More

Claiming the Expanded Employee Retention Credit (ERC)? —Wait to Apply for PPP Loan Forgiveness

REDW LLC | February 12, 2021

Businesses wanting to claim the newly expanded Employee Retention Tax Credit should wait to apply for forgiveness of their Paycheck Protection Program loan—at least until the IRS finalizes rules for the tax credit. Read more. Read More

First & Second Draw PPP Loans Are Within Reach – Act Now

REDW LLC | January 28, 2021

In the first week of resuming the Paycheck Protection Program the SBA approved over 60,000 loan applications—amounting to over $5 billion—which were submitted as part of the second round of the PPP. Read more. Read More

Data Driven Organizations Must Start with Data Literacy

REDW LLC | January 22, 2021

business and organizational data being documented by a businessman on a laptop and tablet

Although many organizations have invested heavily in data analytic projects, their workforce may still lack the necessary data literacy to make the most of these investments. Without attention to employee upskilling, a company’s workforce cannot support the future state of the business. Read more. Read More

No Longer Mandatory: FFCRA Leave Provisions

Cristin Heyns-Bousliman | January 12, 2021

The Consolidated Appropriations Act (CAA) extended the payroll tax credit available to employers for amounts paid under the EPSLA and EFMLEA through March 31, 2021, but did not extend the mandate to provide the leave. Therefore, employers may elect to voluntarily continue to offer the paid leave to those employees who did not exhaust the leave in 2020. Read more. Read More

What to Know About Round 2 of the Paycheck Protection Program (PPP2)

REDW LLC | January 4, 2021

Informally known as "PPP2," the second round of the Paycheck Protection Program (PPP) includes $284 billion in federal funding, and while based on similar principles as the original PPP, carries some key differences. Read more. Read More