Arizona Businesses May Have Some Tax Penalties Abated

REDW LLC | September 23, 2020

Arizona businesses impacted by the COVID-19 pandemic may be eligible for a tax penalty relief outlined in a ruling by the Arizona Department of Revenue. Read more. Read More

Planning for Retirement? Historically Low Rates Make 2020 the Year to Consider Converting Your IRA to a Roth

REDW Wealth | September 16, 2020

In these uncertain times, REDW Wealth wants to reassure you by sharing available strategies that could help shelter your retirement savings from taxes. Read More

U.S. Treasury Issues Guidance on Deferring Payroll Taxes

REDW LLC | September 1, 2020

On August 8, 2020, President Trump signed an executive memorandum authorizing the Treasury Secretary to issue guidance to allow, not require, employers to participate in deferring the withholding and payment of employees’ share in Social Security taxes from September 1 through December 31, 2020. The goal is to get more money into Americans’ pockets this year... Read more. Read More

Owner-Employee Compensation & Non-Payroll Costs in New PPP Forgiveness Guidance

REDW LLC | August 26, 2020

On August 24, the U.S. Small Business Administration and U.S. Treasury issued an interim final rule on Paycheck Protection Program (PPP) forgiveness issues regarding owner-employee compensation and the eligibility of non-payroll costs. Read more. Read More

Main Street Lending Program Expansion

REDW LLC | August 25, 2020

The Main Street Lending Program aims to increase the flow of credit to small and medium-size businesses that had good financial standing pre-COVID-19, and that have subsequently suffered a covered loss. In July 2020, some key expansions were made, read more. Read More

Maricopa County Announces Expansion of Small Business and Nonprofit Grant Relief

REDW LLC | August 24, 2020

Good news for small businesses and nonprofits residing in Arizona’s Maricopa County: If you act quickly, you can take advantage of a recent expansion to the Maricopa County Small Business / Nonprofit Relief Grants program. Read more. Read More

REDW Wealth Ranked by Financial Advisor for 2020 Registered Investment Advisors

REDW Wealth | August 20, 2020

REDW Wealth LLC, an SEC-registered investment advisory firm subsidiary of REDW LLC, is pleased to announce its recent recognition in the accounting and financial services industry...Read more. Read More

IRS Announces E-file for 1040-X

REDW LLC | August 20, 2020

The Internal Revenue Service announced a progressive step in modernization on Monday, August 17: taxpayers using commercial tax software can now electronically file amended individual returns. Read more. Read More

SBA Releases New FAQs on PPP Loan Forgiveness

REDW LLC | August 6, 2020

On August 4, the U.S. Small Business Administration and the U.S. Treasury released guidance answering 23 frequently asked questions concerning the forgiveness of Paycheck Protection loans. More than $130 billion is still available in the PPP, which has an August 8 deadline for applications to be approved by SBA. Read more. Read More

New Mexico Switching to Destination-Based Sourcing

James Ortiz and Jacquelyn Armer | August 4, 2020

On July 1, 2021, gross receipts tax for tangible personal property and general services will move to destination-based sourcing, rather than business location. This change significantly impacts the way in which businesses will have to report their gross receipts in the state of New Mexico. Read more. Read More