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Our dedication to you is driven by a motivation to always do what’s in your best interest. Part of that includes teaching you what we know so you have more control of your future.

June 29, 2012 8:22:14 am

GASB Requires Unfunded Pension Liabilities on Government Balance Sheets

The Governmental Accounting Standards Board (GASB) has approved two new standards for public employee pensions.  The standards require that unfunded pension liabilities be recognized on the bal
... » continue reading

Tags: Accounting Standards, Local and State Government, Pension Plans

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June 28, 2012 7:23:29 am

AMA Annual Report on Medical Claims

The American Medical Association (AMA) released the results of its  fifth annual National Health Insurer Report Card showing that the nation’s largest insurers reduc
... » continue reading

Tags: Healthcare

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June 27, 2012 6:02:55 am

IRS Issues Guidance on Tips and Service Charges

The Internal Revenue Service (IRS) has issued guidance to clarify for employers the difference between tips and service charges for FICA tax purposes.  
... » continue reading

Tags: Tax

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June 26, 2012 6:41:22 am

AICPA Announces New Online Fraud Prevention Resource

The American Institute of CPAs (AICPA) has a new resource to help companies learn about and prevent fraud.  The Fraud Resource Center includes:
 
... » continue reading

Tags: Fraud, Audit, Internal Audit, Risk

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June 25, 2012 1:31:42 pm

Win for Indian Country

In a 5-4 ruling, the Supreme Court of the United States held that the federal government must pay contract support costs to tribes that enter into agreements to manage federal programs. This is indeed a significant win for Indian Country and it is i... » continue reading

Tags: Tribal

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June 25, 2012 10:27:08 am

REDW's Lisa Obeji Elected NAWBO Treasurer

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm, is pleased to announce that Lisa Obeji has been elected Treasurer of the Board of Directors for the N... » continue reading

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June 25, 2012 6:46:26 am

Gila River Indian Community Receives Workforce Innovation Grant

The U.S. Department of Labor (DoL) has awarded a $3 million grant for workforce innovation to REDW client, Gila River Indian Community (GRI
... » continue reading

Tags: Tribal

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June 22, 2012 4:11:31 pm

Internal Audit Results in Embezzlement Discovery

A nonprofit healthcare system in New Jersey discovered irregularities while conducting an internal audit.   The police investigation resulted in a director being fired and arrested for embezzling $186,000 over an 18-month period.
... » continue reading

Tags: Healthcare, Fraud, Internal Audit, Audit

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June 22, 2012 12:13:12 pm

IRS Reviewing Tax Exemptions for Native American Tribes

The Internal Revenue Service (IRS) is working with Native American tribes to develop and clarify its tax exemption rules for Tribal governments.  The IRS allows some tax exemptions to tribal memb... » continue reading

Tags: Tribal, Tax

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June 21, 2012 10:20:48 am

Six Healthcare Providers in New Mexico Receive Grants

The U.S Centers for Medicare and Medicaid Services (CMS) awarded six companies a total of $51.2 million in grants to support health care innovation programs with operations within the state of New Mex... » continue reading

Tags: Healthcare

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June 20, 2012 12:24:46 pm

FASB Moving Forward on Impairment Testing of Intangible Assets

The Financial Accounting Standards Board (FASB) is moving forward on the exposure draft for impairment testing of intangible assets, such as indefinite-lived trademarks, licenses, and distri
... » continue reading

Tags: Accounting Standards

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June 19, 2012 11:27:17 am

FTC Watching Healthcare for Anti-Trust Violations

The 2011 annual report of the Federal Trade Commission (FTC) demonstrates the agency’s focus on the healthcare industry in conducting anti-trust enforcement.  
 
... » continue reading

Tags: Healthcare

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June 18, 2012 4:09:21 pm

Capital Conversations (June 2012)

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Uncertainty and Taxes and the Challenge to Planning ... » continue reading

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June 15, 2012 1:51:51 pm

FASB and IASB Agree on Lease Recognition

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have made an important step t

... » continue reading

Tags: Accounting Standards

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June 14, 2012 6:27:32 pm

Deadline for Filing Tax Credit for Hiring Veterans Next Week

The Internal Revenue Service (IRS) issued a reminder this week to employers that hired veterans that the deadline to complete the certification forms with state workfo
... » continue reading

Tags: Tax, Form 8850, Form 5884, Form 5884-C, Form 3800

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June 14, 2012 4:01:37 pm

REDW's New Headquarters Receives LEED® Gold Certification

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm, is pleased to announce that its brand new two-story, 45,000 square-foot office building located at 74... » continue reading

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June 13, 2012 11:01:12 am

Pending Supreme Court Decision Impacts Tribal Contracts

 A recent case brought before the U.S. Supreme Court will directly impact Tribal contracts with the Bureau of Indian Affairs (BIA) and t... » continue reading

Tags: Tribal, Supreme Court, Tribal contracts

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June 12, 2012 10:44:02 am

2013 Healthcare Costs To Outpace Inflation, Economic Growth

According to a recent report, the cost for health care services is expected to increase 7.5 percent in 2013.  The anticipated increase is three times more than projected increases in inflation and economic growth.  
 
... » continue reading

Tags: Healthcare, Benefits

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June 08, 2012 12:08:39 pm

Improving your profit margins: It isn't just a pipe dream

Some 10 years ago, hospitals and health systems felt confident in seeking positive operating margins of 3% to 5% each year. Today, many are content if they can just break even. Persistent reductions in Medicare payments, state Medicaid cuts since the... » continue reading

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June 08, 2012 11:42:09 am

7 tips for enhancing hospital performance

When you envision a top-performing hospital, what "extra" things do you think it does to distinguish itself from competitors? Here are seven strategies for enhancing performance that don't receive enough attention:

1. ... » continue reading

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June 08, 2012 11:39:44 am

Hospitals work to refocus health care delivery

Population health management

The latest role of hospitals seems to be assessing and proactively managing the health and wellness of large patient populations, if not entire communities.... » continue reading

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June 08, 2012 11:30:16 am

Health care analytics signal the start of a new era

It began as a desire to base clinical decisions on scientific evidence. Now, the expanded use of analytics is signaling the start of a new era in health care delivery.

Genomic data, clinical trial data, electronic health records (EHRs)... » continue reading

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June 08, 2012 9:38:26 am

Sage HRMS Newsletter (Issue 2 - 2012)

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What You Don’t Know Can Hurt You
How to Find HR Activities That Should Have Occurred but Didn’t

... » continue reading

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June 07, 2012 5:24:09 pm

Market View (June 2012)

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It’s... » continue reading

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June 07, 2012 3:00:50 pm

Albuquerque Museum Foundation Elects Steve Cogan President-Elect

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm, is pleased to announce that the Albuquerque Museum Foundation elected Steve Cogan, Principal, as Presi... » continue reading

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June 07, 2012 2:59:12 pm

REDW Begins to Grow Phoenix Office, Adds Myrond Muskett

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm is pleased to announce that Myrond Muskett has joined as Staff Accountant in the Audit & Consulting... » continue reading

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June 07, 2012 2:50:42 pm

REDW Promotes Two More

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm is pleased to announce that Alicia Finley and Melissa Burnside have been promoted.

Alic... » continue reading

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June 07, 2012 12:16:51 pm

Upcoming GASB Vote on Increasing Pension Plan Disclosure Requirements

The Governmental Accounting Standards Board (GASB) will vote June 18th on new accounting disclosure rules for public pension plans.  The proposed rules were originally released in July 2011
... » continue reading

Tags: Pension Plans, Government Standards, Accounting Standards, Employee Benefits

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June 06, 2012 10:25:43 am

IRS Establishes Contribution Limits for Health FSAs

The Internal Revenue Service (IRS) has released a notice regarding the annual limit for employee salary reduction contributions to health flexible spending arrangements (health FSAs).  
... » continue reading

Tags: Benefits, Health FSAs

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June 06, 2012 9:17:53 am

Sage Fund Accounting News (Issue 2 - 2012)

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Auto-Close of Encumbrances
A New Feature Introduced in Version 11.3

If you haven’t had a

... » continue reading

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June 01, 2012 6:41:26 pm

Adam Barron Joins REDW

REDWLLC, New Mexico's largest locally owned certified public accounting and business consulting firm is pleased to announce that Adam Barron has joined as an Accounting Assistant.

Adam joins... » continue reading

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