New Mexico Advises on Gross Receipts Tax Liability for Marketplace Providers

New Mexico Advises on Gross Receipts Tax Liability for Marketplace Providers

State Tax Updates / By

By Lisa Lopata, Esq., Checkpoint The New Mexico Taxation and Revenue Department (TRD) issued a ruling to a marketplace provider discussing gross receipts tax liability for various fees it receives. The marketplace provider offers products and services to marketplace sellers and customers. In response to a ruling request, the TRD explains the definition of gross …

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Retirement Plan Automatic Enrollment, Catch-up Contribution Rules Proposed

Retirement Plan Automatic Enrollment, Catch-up Contribution Rules Proposed

Payroll Updates / By

By Federal Tax Update Staff Treasury and the IRS have proposed regulations on retirement plan automatic enrollment and catch-up contributions, incorporating changes under the 2022 SECURE 2.0 Act. (Preamble to Prop Reg REG-100669-24; IR 2025-09, 1/10/2025;Preamble to Prop Reg REG-101268-24; IR 2025-07, 1/10/2025) Automatic enrollment. The SECURE 2.0 Act added Code Sec. 414A, to require that certain newly-established 401(k) and 403(b) plans …

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Watch Out for These Common Financial Statement Errors

Watch Out for These Common Financial Statement Errors

Nonprofit Update (PPC) / By

Each year, Thomson Reuters editors and outside authors review dozens of sets of financial statements while updating our products. We look to ensure they comply with accounting principles generally accepted in the United States (GAAP). This article highlights some of the recurring errors we found. Practical Consideration: Financial statement preparers should consider materiality when determining the …

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Don’t Let Technology Be a M&A Spoiler!

Accounting and Auditing Update (PPC) / By

It seems every time you open an accounting journal, there’s another round of Mergers and Acquisitions (M&A) announcements being featured. While growth through M&A has always been part of the accounting landscape, the influx of private equity over the past five years has accelerated M&A activity into a frenzied state. Although this drives a more …

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GOVERNMENTAL UPDATE: Implementing Guidance on Uniform Guidance Revisions

Governmental Update (PPC) / By

Background The Council on Federal Financial Assistance (COFFA) was established in August 2023 by the U.S. Office of Management and Budget (OMB) under Memorandum M-23-19. The OMB’s intent was to create an interagency forum to improve coordination, transparency, and accountability in the oversight and management of federal funding. Aligning with that purpose, the COFFA maintains …

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SDA helped us put together a successful bid for creating our massive entertainment village in downtown Ft. Lauderdale. They're amazing to work with! Very professional and supportive. We look forward to continuing to work with SDA as we grow.
Jeff John, Damn Good Hospitality Group
JEFF JOHNCEO, Damn Good Hospitality Group
SDA served as a consultant for us while we were doing project management for a construction job. They have excellent business acumen, are highly professional and truly value being a partner with us. We enjoy our relationship with SDA and look forward to continued future success.
MARK BLANCHARD
MARK BLANCHARDVP Strategic Development, AECOM
We’ve worked with SDA for several years on various projects within our legal and finance departments. They also helped us secure a grant for our new practice facility in downtown Fort Lauderdale. SDA really is the smarter way to do business!
Matthew Caldwell
Matthew CaldwellPresident & CEO, Florida Panthers Hockey Club
Tanya and the SDA team have done a great job for us - especially in helping us navigate and resolve some complex issues surrounding our audit work. They've been a consultant for us for a number of years and have also been consistently supportive of our community efforts. We truly value our relationship with SDA.
W. Ajibola Balogun - City Manager, City of West Park
W. Ajibola BalogunCity Manager, City of West Park
SDA has always done excellent work. Our financial auditing and bond control reviews are completed thoroughly and timely, and their team has been very accessible to help us address and analyze key issues whenever they may arise. In short, they’re a solid business partner we’re grateful to have.
Jennifer Andreu
Jennifer AndreuFormer Assist. Super., Miami-Dade County Public Schools
We are so pleased with the experience that we’ve enjoyed over the past 20 years with SDA. All of you were so timely and resourceful, serving as a trusted business partner, assisting with our fiscal controls, handling our financial auditing, smart bonds work and more. We couldn’t be happier with your services.
Torey Alston
Torey AlstonBoard Member, Broward County School Board
As the mayor of one of South Florida’s leading cities, I know it takes an incredible team around you in order to achieve a citywide vision for your constituents. SDA is one of those highly reliable teams I’m proud to say supports us well in our efforts of continuous improvement, accountability and transparency for the people of the city of Miramar.
Mayor Wayne Messam
Mayor Wayne MessamCity of Miramar, Florida
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