IRS Subgroup Recommends that IRS Treat Indian Tribal Governments Like States

  |  July 5, 2018

In recommendations released on June 7, 2018, The Indian Tribal Government (ITG) subgroup of the IRS Advisory Committee on Tax Exempt and Government Entities (ACT)* issued support for an amendment affecting Internal Revenue Code (IRC) Section 6103.  The change would allow the IRS and Tribal Governments to enter into taxpayer information sharing agreements in the same way as the IRS does with federal, state, and municipal governments. Read more. Read More

Tribal Leaders, Your Feedback is Critical on Proposed Department of Interior Reorganization

  |  June 21, 2018

On March 13, 2017, President Trump signed Executive Order 13781, calling on Federal agencies to examine ways they could reorganize to improve efficiency, effectiveness, and accountability. In response, Secretary of Interior Ryan Zinke announced his vision to divide the United States into 13 regions and centralize authority for different parts of Interior within those boundaries. The regions would be defined by watersheds and geographic basins, rather than individual states and the current boundaries that now guide Interior’s operations.

The Bureau of Indian Affairs (BIA) regions and functions will be included in this potential reorganization. Read more. Read More

Tribal Retirement Plans: A Free Webinar Series

  |  June 19, 2018

Congratulations! You are now in charge of your tribal organization’s retirement plan. Of course, you want to do the right things to run your plan, but you may need guidance to determine what the right things are.

Please join us for three upcoming webinars that we’ve designed to cover the day-to-day operation of tribal retirement plans. You’ll learn about the many issues that plan providers encounter – and more importantly, how to tackle them. Read more. Read More

New FAF Working Group to Address Financial Reporting for Tribal Governments

  |  June 7, 2018

The Financial Accounting Foundation (FAF) is forming a new and landmark tribal-government working group to address financial reporting issues that have long plagued tribal governments. Existing financial-reporting frameworks and audit opinions do not recognize the unique nature of tribes and their commercial enterprises under their status as sovereign Nations as recognized by the federal government. 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

Indian Tax Extenders Included in Federal Budget

  |  February 12, 2018

The Bipartisan Budget Act of 2018, signed last week by President Trump, includes extensions of three tax incentives that benefit Indian employment and economic development on Indian reservations. These incentives had expired on December 31, 2016; the Budget Act extends them retroactively for one year through December, 2017. Read more. Read More

GASB Financial Reporting Model “Improvements”

  |  August 23, 2017

When the Governmental Accounting Standards Board issued GASB Statement No. 34 in June 1999, it made drastic changes to how state and local governments, including tribal governments, did financial reporting. Now GASB is revisiting that statement and seeking input from stakeholders on how it can improve the model. This is an incredible opportunity to make your concerns known about the current GASB Statement 34 fund financial statements and the proposed changes to those statements.

The fundamental issue GASB is addressing is the form and content of governmental fund financial statements, including their measurement focus and basis of accounting. The objective is to make the statements more understandable for those making decisions based on a government’s fiscal health. Read more. Read More