REDW Renews Commitment to American Indian Graduate Center – Pledges $23,000 in Scholarships

  |  March 4, 2019

REDW LLC, one of the Southwest’s 10 largest public accounting and business consulting firms, announced today it has made a financial commitment of $23,000 to the American Indian Graduate Center (AIGC), a national organization providing educational assistance to American Indian and Alaska Native college students throughout the United States.

The scholarship, which was also offered in 2014, is designed to encourage undergraduate and graduate level Native American students pursue a degree in the field of accounting and finance. Named the REDW Native American Scholarship in Accounting and administered by the AIGC, the scholarship will be funded through an annual commitment of $5,750 for the next four years. Read more. Read More

Governor Lujan Grisham Signs Lodgers Tax Bill

  |  February 20, 2019

On February 4, Governor Michelle Lujan Grisham signed Senate Bill 106 into law, closing the tax loophole that had allowed property owners to avoid paying Lodgers Tax on revenue generated by short-term rental of their properties. The bill, which was very similar to legislation drafted during the 2017 session, passed both the House and Senate with overwhelming support. Read more. Read More

Sales and Use Taxes Account for Largest Net State Tax Increases in 2018

  |  February 11, 2019

The wheels of the Wayfair decision are turning across the U.S.

Federal tax changes had a ripple effect across many states in 2018. In fact, 13 states saw net increases to their sales and use taxes, as stated by a recent report from the National Conference of State Legislatures. In comparison, 10 states reported net decreases. While relatively on track with trends in recent years, these changes accounted for the most significant net tax increase at the state level, up by $847.1 million.

According to the report, 2018 proved to be a year of many challenges and opportunities in regards to taxes. Read more. Read More

The Impact of M&M Candies in Business Valuation

  |  January 31, 2019

Rock band Van Halen’s 1982 world tour performance rider contained a provision (under the Munchies section) demanding a bowl of M&M candies backstage, with all the brown M&Ms removed. The consequence of even a single brown M&M found in the bowl was a forfeit of the entire show at full price – and maybe even a trashed dressing room.  

The motivation behind the provision was actually a hidden safety measure. Read more. Read More

Market View (January 2019) – This Might Sting a Little

  |  January 30, 2019

“This might sting a little,” “You might feel some discomfort,” “You might experience some pain,” these phrases are meant to prepare and supposedly ease imminent pain from a needle or other medical procedure, but somehow they often do not. I suspect that as you read those phrases you almost immediately remembered an unpleasant experience. Read more. Read More