Tribal governments that are both a lessee and a lessor for land, facilities, equipment and slot machines will see significant changes in accounting starting in December of 2019. The GASB Statement 87 is based on the foundational principle that all leases are essentially financings of the ...
The Tax Cuts and Jobs Act included a tax incentive, known as Opportunity Zones that if taken advantage of and acted upon quickly could prove beneficial for Indian County. This new community development program encourages long-term investments in low-income communities by allowing investors to re-...
In the second webinar of this two-part series, we continue the conversation of why the selection of a business structure for your tribal corporation is important and how it will impact how tribal assets are protected and how tribal sovereignty is preserved. The webinar discusses alternatives to S...
In this webinar, we discuss why choosing a business structure is important to tribal economic development, with a focus on Section 17-Federal Law Corporations and why they may or may not be a good vehicle for your tribe. You will learn: the various steps to securing a federal charter from the Dep...
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This webinar discusses the differences between "independent contractor/consultant" and "part-time employee." Topics included are: What classifications of workers are permitted under the IRS Rules, what the common law rule is and how it's used to determine worker status, advice on adjusting the t...
In this webinar, we discuss the grant close out process. This includes: preparing in the final months of participation, suggested timelines, considerations in personnel responsibilities, no-cost extensions, fulfilling match responsibilities, and a closeout checklist and process.
The Governmental Accounting Standards Board recently released Statement No. 84 Fiduciary Activities that will impact the financial reporting of minor’s trust funds and tribally-sponsored retirement plans. The pronouncement changes the definition of fiduciary funds, which fiduciary activities to i...
In this webinar about the Department of Labor Overtime rule, the presenters discuss the different options governments have for complying with the rule. Subjects included are: raising salaries, overtime pay, evaluating and realigning employee workload, and utilizing comp time.
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The OMB Super Circular highlighted the importance of the internal control requirement in meeting the guidance's goal of minimizing fraud, waste, and abuse. This webinar supports tribal governments' ability to manage more effectively and efficiently by developing a plan for monitoring spending and...
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Tribal governments offer a variety of services to their communities. Measuring the cost of these services can be useful in calculating the indirect cost rate. This webinar highlights changes to indirect cost rates in the new OMB Super Circular, which makes clear that a tribal government's indirec...
This webinar provides an overview of changes in the OMB Uniform Guidance, with a focus on tribal-specific provisions.
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With increased pressure on the federal government to make purchasing more accountable, there is a growing importance to have solid purchasing processes in place in tribal governments. This webinar highlights provisions in the OMB Super Circular, now containing five different selection methods for...
The Tribal Broadband Guide: Telecommunications Regulation and Taxation in Indian Country, provides an in-depth discussion of the key tax issues involving the telecom industry, and examines how these issues relate to Indian tribes and tribal lands. The book serves as an excellent guide to tribes a...
A comprehensive resource on the formation of tribal business entities. Hailed in Indian Country Today as offering "one-stop knowledge on business structuring," the Handbook reviews each type of tribal business entity from the perspective of sovereign immunity and legal liability, corporate format...
Reservation "Capitalism": Economic Development in Indian Country, describes present-day circumstances in Indian Country and sketches the potential future of Indian communities and economics. It provides key background information on indigenous economic systems and property-rights. Robert J. Mille...
Discussions about borrowing can be confusing. Bankers, lawyers and other industry professionals use terminology that is widely understood within the business but which is not a part of everyday conversation. If you have ever picked up a credit agreement or tried to evaluate a financing proposal, ...
The Financial Reporting and Information Guide for Tribal Governments and Enterprises (Orange Book) addresses the complex economic activity and related entity differences of tribal settings. It also presents an overview of the financial reporting framework in a tribal setting. The Orange Book incl...