On November 15, 2021, the Infrastructure Investment and Jobs Act was signed into law. As a result, the Employee Retention Credit (ERC), with the exception...

As the holiday season fades and we embark on a new year, several states are still in the gift-giving mood—in the form of tax amnesty....

Local, state, and tribal governments will be relieved to learn the Office of Management and Budget (OMB) has provided guidance changes to indirect cost requirements...

The $150 billion Coronavirus Relief Fund (CRF) was designed to help state, local, and tribal governments meet short-term needs as they coped with the ramifications...

Small businesses in New Mexico need to quickly take advantage of the $200 million available in the New Mexico Finance Authority (NMFA) Business Recovery Grant...

Work from anywhere employees prompt issues of state income tax nexus for businesses with remote team members working outside of the company’s home state. Many...

Dear Clients and Friends,We hope this letter finds you in good health and enjoying the summer months. As we emerge from the last pandemic restrictions,...

New reporting information is now available for healthcare providers who received funding from the Provider Relief Fund (PRF). The Department of Health and Human Services...

What PPP Borrowers Need to KnowAny Paycheck Protection Program (PPP) borrower that has already received a request for Form 3509 or Form 3510 from its...

The Biden Administration’s American Families Plan and other tax proposals may complicate the tax landscape for high-income earners. Many of the proposals target taxpayers earning...

Updated: 5/26/21 – The original posting of this blog advertised a May 31, 2021, closing of the Risk Management Survey and reporting. That date has...

The IRS and the Treasury Department on April 22 released guidance that provides a safe harbor for businesses that received Paycheck Protection Program (PPP) loans...

During the first year of the COVID-19 pandemic, Congress provided plan sponsors with a broad toolkit to help employees access retirement assets and manage loan...

Coming off the April 8 signing of the Healthy Workplace Act by New Mexico Governor Michelle Lujan Grisham, REDW Principal and Human Resources Consulting Practice...

A key challenge in any deal negotiation is agreement on purchase price between the buyer and seller. This is especially true during times of economic...

It is official: The Treasury Department and Internal Revenue Service have announced that the due date is now May 17 – not April 15 –...

The Paycheck Protection Program (PPP) was a lifeline for many businesses which struggled over the past year because of the pandemic. There is still, however,...

New Mexico State and Local Tax Coronavirus UpdateTax Holiday Legislation Passed February 24, 2021New Mexico’s first session of the 55th State Legislature passed a measure...

On Wednesday, February 24, the U.S. Treasury Department’s Small Business Administration (SBA) announced new rules for distribution of funds under the Paycheck Protection Program (PPP),...

Businesses wanting to claim the newly expanded Employee Retention Credit should wait to apply for forgiveness of their Paycheck Protection Program loan—at least until the...

The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). The ERC,...

The U.S. Treasury and Small Business Administration (SBA) reopened the application process for the Paycheck Protection Program (PPP) First and Second Draws on January 11...

The $900 billion COVID-19 relief package signed into law on December 27 includes $284 billion for a second round of the Paycheck Protection Program (PPP)....