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

Top Takeaways from New COVID-19 Pandemic Relief Legislation

Daniel Foley | December 28, 2020

The passing of the Consolidated Appropriations Act, 2021, H.R. 133—a $900 billion pandemic relief bill— affords many important provisions that impact both individual and business taxpayers. Your trusted REDW tax advisors have provided a summary of the top provisions within the bill. Read more. Read More

Expenses Paid with PPP Loans: an Unexpected Turn

Ryan Hart | December 28, 2020

The recently passed "Consolidated Appropriations Act, 2021" contains a welcome surprise for business owners affected by the COVID-19 pandemic. In a significant turn away from guidance originally published by the IRS, the new legislation intends to allow a business to deduct expenses in full, even if paid with forgiven PPP funds. Read more. Read More

Spread Some Holiday Cheer: 2020 IRS Rules on Charitable Deductions

Craig Neumann | December 2, 2020

One provision of the CARES Act allows you to take an extra deduction on your federal income tax return in 2020, even if you don’t itemize. Since many nonprofits are hurting due to the pandemic, a small donation will help them and help you with an extra tax break—welcome news in times of financial unease. Read more. Read More

New IRS Guidance Clarifies Expenses Deductibility for PPP Loans

REDW LLC | November 23, 2020

In time for taxpayers’ 4th quarter estimates and year-end planning, the U.S. Treasury Department and Internal Revenue Service (IRS) have released new guidance to clear up the tax treatment of expenses with Paycheck Protection Program (PPP) loans. Read more. Read More

It’s the Most Wonderful Time of the Year (to Update Your Employee Handbook Policies)

Lisa Enkoff | November 19, 2020

Assess which policies helped your business to perform well in 2020 by updating your Employee Handbook. Doing so can also help to identify needed policy changes for employees to align with strategic direction for next year. Read more. Read More

Arizona Voters Approve Proposition 208 — Start Planning for New 3.5% Income Tax Surcharge

Craig Neumann | November 13, 2020

Now is the time for higher-income Arizona taxpayers to start planning for the 3.5% income tax surcharge created by the recent passage of Proposition 208. Read more. Read More

SBA Requiring PPP Large Borrowers to Complete Loan Necessity Form

REDW LLC | November 9, 2020

If your business or non-profit received at least $2 million in Paycheck Protection Program (PPP) funding, you will have to complete one of two new loan necessity questionnaires. Read more. Read More

Cybersecurity for the Internet of Things (IoT): The Future of Connected Devices

Jennifer Moreno | October 30, 2020

Wrapping up National Cybersecurity Awareness Month, REDW Senior Manager of Cybersecurity Jennifer Moreno takes a quick look at the future of connected devices and how technological innovations like the Internet of Things (IoT) impact online experiences for consumers and business professionals. Read more. Read More

HHS Amends Provider Relief Fund Reporting Requirements

Chris Tyhurst | October 28, 2020

HHS Provider Relief Funding Post-Payment Reporting Guidance

On October 22, 2020, the U.S. Department of Health and Human Services (HHS) updated its Provider Relief Fund “Post-Payment Notice of Reporting Requirements.” The most notable change was made to the definition of “lost revenues” attributable to coronavirus. Read more. Read More