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

South Dakota Wins in Supreme Court Decision on South Dakota v. Wayfair

  |  June 21, 2018

The U.S. Supreme Court today handed down a decision on the highly anticipated South Dakota v. Wayfair case, which challenged South Dakota’s collection of sales tax from out-of-state businesses that do not have physical presence in the state but that sell and deliver into South Dakota tangible personal property, products transferred electronically, or services.

South Dakota passed a law in 2016 that set off a dramatic and market-altering shift in taxation of online sales, one that concluded with today’s Supreme Court’s 5-4 decision... 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

Tax Scammers Don’t Take a Summer Vacation, IRS Warns

  |  June 18, 2018

Many taxpayers recently filed their taxes and may be waiting for a response from the IRS. Because of this, summertime tends to be a period when phishing emails and telephone scams continue to pop up around the country. Scammers try to get people to disclose personal information such as Social Security numbers, account information, PINs and passwords. 

Watch out for these scenarios - 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

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