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REDW | May 1, 2018
On April 17, 2018, the Supreme Court of the United States heard oral arguments in South Dakota v. Wayfair, et al. South Dakota is challenging, and attempting to have overturned, the physical presence nexus standard for the collection of sales and use taxes that was re-affirmed 26 years ago in Quill Corp. v. North Dakota. While many believed the Court would never have accepted South Dakota v. Wayfair if it didn’t intend to overrule Quill, the questions from the highly engaged Justices could suggest a different outcome (one that will be anxiously anticipated, and possibly issued this summer). Read more. Read More
REDW | April 24, 2018
There’s a serious wake-up call gaining notice within the offices and agencies responsible for protecting our public infrastructures. Cybercriminals are embedding ransomware in government email addresses in a “phish” for staffers who will unsuspectingly download their malware. Once unlocked, the malware encrypts the agency’s data and can disrupt the operations of whatever office it enters.
A March 2018 ransomware attack on the City of Atlanta shut down the operation of multiple city offices, locking out access to services and interrupting court cases and arrest warrants. Read more. Read More
REDW | December 11, 2017
On December 2, 2017, the Senate passed its version of the "Tax Cuts and Jobs Act." This proposed tax reform will be reconciled with the House of Representatives' bill, which passed several weeks earlier. The final bill may become law by the beginning of the new year, and it is poised to make radical changes to the current tax code. To get a better sense of what each bill contains, including their differences from each other and the potential impact they could have on individual and business tax planning, view our guide here. Read More
Lupita Martinez | August 23, 2017
When the Governmental Accounting Standards Board issued GASB Statement No. 34 in June 1999, it made drastic changes to how state and local governments, including tribal governments, did financial reporting. Now GASB is revisiting that statement and seeking input from stakeholders on how it can improve the model. This is an incredible opportunity to make your concerns known about the current GASB Statement 34 fund financial statements and the proposed changes to those statements.
The fundamental issue GASB is addressing is the form and content of governmental fund financial statements, including their measurement focus and basis of accounting. The objective is to make the statements more understandable for those making decisions based on a government’s fiscal health. Read more. Read More
