Federal Bank Regulatory Agencies and FinCEN Issue Joint Statement on Risk-Focused Supervision

  |  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

5 Questions to Ask About Your Company’s Employee Benefit Plan Audits

  |  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

  |  July 2, 2019

compass on top of money

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

July Is Here, Do You Have Nexus in New Mexico?

and   |  July 1, 2019

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

Arizona Joins Wayfair States

  |  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

  |  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

  |  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

4 Signs Your Business Is Ready for the Cloud

  |  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.

Here are four signs you and your business are ready to take the leap from your own server to the cloud - Read more. Read More