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. 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. 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. 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. 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. Read More

New PPP Loan Forgiveness Applications Are Released

REDW LLC | June 18, 2020

In consultation with the Treasury Department, the U.S. Small Business Administration released (June 17) a revised loan forgiveness application for the Paycheck Protection Program. The SBA also unveiled a new EZ application for forgiveness of PPP loans. Read more. Read More

REDW Experts Identify Rare Valuation & Estate Planning Opportunities

REDW LLC | June 10, 2020

As COVID-19 public restrictions ease and business owners focus on reopening, opportunities linger to transfer business ownership interests for a fraction of the typical cost. Amidst all the economic and financial uncertainty, low interest rates can also provide further tax planning opportunities —as discussed in our latest article by REDW Principals Ed Street and Brian Foltyn. Read more. Read More

Congress Approves PPP Flexibility Act – Makes PPP Loans More Flexible for Borrowers

James Ortiz | June 5, 2020

On June 3, Congress approved sweeping changes to the Paycheck Protection Program (PPP), and President Trump is expected to sign it into law—the PPP Flexibility Act. This new legislation triples the time allowed for small businesses and other PPP loan recipients to spend funds and still qualify for forgiveness of the loans. Read more. Read More

PPP “Safe Harbor” Repayment Deadline Extended to May 18

REDW LLC | May 14, 2020

The SBA has extended the PPP safe harbor loan repayment deadline to Monday, May 18, 2020. Employers do not need to apply for the extension, but can take the extra time if they need it. Read more. Read More

SBA Clarifies Safe Harbor Repayment Criteria before May 14 Deadline

REDW LLC | May 13, 2020

The Small Business Administration issued its final guidance today on the Paycheck Protection Program regarding the safe harbor repayment date of May 14 – the last day employers can return PPP funds if they were not legally entitled to apply for the loans. Their latest guidance shields smaller borrowers and saves the enforcement power to review the applications of larger borrowers. Read more. Read More