Joe Smith | July 29, 2019
Over the past several years, banks and other financial institutions have increasingly directed their Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) due-diligence efforts toward cash-intensive businesses that have a heightened level of risk of becoming a party to money laundering or terrorist financing activities – whether intentionally or unwittingly. Often, gaming enterprises are the focus of this attention. These due-diligence efforts have in some cases resulted in financial institutions opting not to do business with casinos. Read more. Read More
Daniel Yu | July 26, 2019
In our last newsletter, we discussed the importance of ethics as a safeguard of the trust necessary to a free market economy. Recently, the role the largest technology companies play in our society has come under scrutiny, and we are beginning to assess the responsibilities they have to our society. Read more. Read More
Jessica Bundy | July 11, 2019
As companies approach the last quarter of a year, there are great high-level questions they can be asking to ensure a successful prior year, as well as a successful future year. These questions can include “How can we cut or control costs?” “Are there time-saving tips we can leverage this time of year?” and “What value can we add to our processes?” These same questions also apply to a company’s employee benefit plan. Read more. Read More
Planning Matters (Summer 2019) – Continuing the Deeper Dive into Our Map of Financial Advice, Planning and Wealth Management
David Cechanowicz | July 2, 2019
In the June 2018 issue of Planning Matters, we did a deeper dive into a colorful visual aid that outlines the breadth of wealth management and planning services offered by REDW Wealth, LLC – our “Universe of Financial Advice, Planning and Wealth Management” map – which shows the wide scope of planning services we offer in four primary planning areas: Business Planning, Estate Planning, Retirement Planning and Investment Planning or Asset Management. ... In this issue, our focus is on the role of Strategic Tax Planning and what it means in the lives of our clients.Read more. Read More
Beginning July 1, 2019, out-of-state and online retailers who lack physical presence in New Mexico may be required to collect and remit New Mexico gross receipts tax. Out-of-state businesses will be required to register with the New Mexico Taxation and Revenue Department and begin remitting gross receipts tax if in the previous calendar year they have total taxable gross receipts of at least...read more. Read More
James Ortiz | June 24, 2019
Under new Arizona law that takes effect October 1, 2019, out-of-state online retailers doing business in Arizona may be required to collect and remit transaction privilege sales tax (TPT) to the state of Arizona. Remote sellers must file and pay if their total annual sales exceed... read more. Read More
Sell-Side Tax Considerations for Mergers and Acquisitions – Part 3: Effectively Negotiating the Tax Aspects of the Purchase Agreement
REDW | June 12, 2019
A purchase agreement not only sets forth the terms and structure of the transaction, but also establishes who benefits from valuable tax deductions that may be created in connection with the transaction.
Hence, it is of critical importance that sellers have a thorough understanding of the various tax sections of a purchase agreement and take a proactive approach to achieving the desired outcomes. Read more. Read More
Sell-Side Tax Considerations for Mergers and Acquisitions – Best Practice #2: Evaluating Tax-Structuring Alternatives
REDW | May 28, 2019
Ensuring that a transaction is structured in a tax-efficient manner is critical in maximizing a seller’s after-tax proceeds. Evaluating the various structuring alternatives available before undertaking a formal sale process allows a seller to identify a preferred structure and set expectations with prospective buyers regarding deal structure at the onset of the sale process. Read more. Read More
Lyric Morrison | May 22, 2019
Why are so many businesses moving their accounting operations to the cloud? Should you make the switch too?
For many, “the cloud” and “cloud computing” are mysterious and confusing concepts, which can lead to a severe misunderstanding of all the efficiencies and opportunities cloud-based financial management platforms can offer you and your business.