Impact of the New Stimulus Package: Extension & Expansion of the Employee Retention Credit (ERC)

  |  February 10, 2021

Designed to encourage employers to keep employees on their payroll and continue providing health benefits during the coronavirus pandemic, the Employee Retention Credit (ERC) is a refundable payroll tax credit for wages paid and health coverage provided by an employer whose operations were suspended due to a COVID-19-related governmental order, or that experienced a significant reduction in gross receipts. REDW highlights retroactive changes to the ERC for 2020, and what to expect for the tax credit in 2021. Read more. Read More

Expenses Paid with PPP Loans: an Unexpected Turn

  |  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

Now is the Time to Maximize Lifetime Gifting Options

  |  December 22, 2020

IRS interest rates are at an all-time low and federal estate and the total lifetime gift tax exemptions are at a record high – making this an especially opportune moment to take advantage of lifetime gifting options. The experienced team at REDW Wealth is ready to answer your questions or help you develop a plan that aligns with your lifetime gifting options and concerns. Read more. Read More