IRS Provides Information on Changes to Moving, Mileage and Vehicle Depreciation Expenses

  |  June 1, 2018

The Internal Revenue Service published information May 25 on changes from the Tax Cuts and Jobs Act (TCJA) that affect deductions for unreimbursed employee expenses, move-related vehicle expenses, and standard mileage rates and travel expenses.

Before the TCJA was passed last December, the IRS issued a business standard mileage rate in Notice 2018-03. The mileage rate set for use of a car, van, pickup or panel truck was 54.5 cents for every mile of business travel driven, 18 cents per mile driven for medical purposes or moving purposes, and 14 cents per mile driven in service of charitable organizations. The TCJA then suspended miscellaneous itemized deductions, so the following effects are noted for these vehicle-related categories. Read more. Read More

638 Healthcare Transitions: Keys to Success

  |  May 31, 2018

Understanding the 638 transition process is one thing – but what’s it really like to go through one? Here’s your chance to find out.

In a complimentary one-hour webinar, REDW’s 638 transition team and Michael Bird, Former Chairman of the Kewa Pueblo Health Corporation at Kewa Pueblo, will discuss the experience of working together to take control of tribal healthcare. Michael led his community through a successful transition in 2011.

You’ll learn about... Read More

An Entrepreneurial Conundrum – Building Retirement Wealth While Building a Business

  |  May 17, 2018

Entrepreneurship is alive and well in America. Nearly 15 million people in the U.S. are self-employed, approximately 10% of the working population according to the Pew Research Center.  These entrepreneurs have an additional 29.4 million people working for them and together they account for approximately 44 million jobs, which is 30% of the national workforce.

For many of these self-employed business owners, much, if not all, of their net worth is tied up in their businesses. Adequate cash flow to cover operating expenses and managing through times when business lags or client payments are slow is a key concern, as is putting aside money for reinvestment in the business. Read more. Read More

Planning for Charitable Donations After the New Tax Law

  |  May 9, 2018

The 2017 Tax Cuts and Jobs Act changed both the standard deduction and itemized deductions for taxpayers. This shift potentially affects not-for-profit organizations, as taxpayer contributions may no longer reduce their personal income taxes. What can charitable organizations do to offset the potential negative impact on donations? Read more. Read More

Capital Conversations (Spring 2018) – Cybersecurity and Fraud

  |  May 8, 2018

Copyright Roy Delgado

Protecting your personal and private financial information is critical and important to your financial health. There are serious threats out there, but there are also practical steps you can take to safeguard your identity and assets. By following the guidelines below and being careful when sharing any kind of personal and private financial information in online transactions, you can minimize your chance of falling victim to some form of cyber-crime. Read more. Read More

Oral Argument Held in the Supreme Court of the United States in South Dakota v. Wayfair

  |  May 1, 2018

On April 17, 2018, the Supreme Court of the United States heard oral arguments in South Dakota v. Wayfair, et al. South Dakota is challenging, and attempting to have overturned, the physical presence nexus standard for the collection of sales and use taxes that was re-affirmed 26 years ago in Quill Corp. v. North Dakota. While many believed the Court would never have accepted South Dakota v. Wayfair if it didn’t intend to overrule Quill, the questions from the highly engaged Justices could suggest a different outcome (one that will be anxiously anticipated, and possibly issued this summer). Read more. Read More

Ransomware on the Rise in Government Agencies

  |  April 24, 2018

There’s a serious wake-up call gaining notice within the offices and agencies responsible for protecting our public infrastructures. Cybercriminals are embedding ransomware in government email addresses in a “phish” for staffers who will unsuspectingly download their malware. Once unlocked, the malware encrypts the agency’s data and can disrupt the operations of whatever office it enters.

A March 2018 ransomware attack on the City of Atlanta shut down the operation of multiple city offices, locking out access to services and interrupting court cases and arrest warrants. Read more. Read More

How Tax Reform Will Impact Construction

  |  April 16, 2018

Every type of industry is impacted by the bill known as the Tax Cuts and Jobs Act (TCJA), and the construction industry was not left out of the party. 

However, the precise impact will depend upon the structure of the business and the nature of its operations. For construction businesses organized as C corporations, these are the most significant changes - Read more Read More