Redpath Insights

Ditch the 'Wage War' to Combat Skilled Labor Shortage in Manufacturing

March 4, 2021 - The manufacturing industry is all too familiar with skilled labor shortages. It is a critical problem that has increasingly plagued manufacturers for years, along with construction, aerospace, and other industries that depend on...

How to Prevent M&A Deal Fatigue

While the quality of assets and the business are the primary focus in mergers and acquisitions, every deal is just as much a physical and emotional process as a financial one. Like any emotional process, fatigue is a very real element of every...

What to Do if You Have Economic Nexus in Another State

February 19, 2021 - If your company does business in states outside of your primary location, you may already know that you're required to collect and remit sales tax there. After Wayfair vs. South Dakota, a 2018 Supreme Court ruling, most states...

Construction Change Orders Slipping Through the Cracks? Ask These Questions to Get On Track

February 11, 2021 - Scope changes can be either a challenge or an opportunity for construction companies. The difference is in how they account for them โ€“ in fact, addressing scope changes with clients is a key differentiator between...

Why You Need to File a Gift Return, Even for Non-Taxable Gifts

February 9, 2021 - Gifting is a rewarding and smart way to pass assets to your family, friends, or favorite causes. If done correctly and as part of an overall gifting strategy, you can direct your wealth to those you want to benefit and avoid...

4 Business Moves You Can't Make Without a Strong Leadership Team

January 28, 2021 โ€“ Growing from a $15 million company to a $40 million company isn't easy โ€“ and having the wrong people in the wrong seats can aggravate those growing pains. Megan Johnson, CPA, Business Advisory Partner, says her client found...

Does Your Manufacturing Company Need a CFO or a Controller?

January 12, 2021 - No matter the size of your manufacturing company, there's likely to come a time you'll wonder if you need more internal help with your finances. If you don't have one, you might consider hiring a chief financial officer (CFO)...

New Law Makes Big Changes to the Employee Retention Credit

January 7, 2021 โ€“ Most of the excitement from the Consolidated Appropriations Act (CAA) came from clarity on the deductibility of PPP expenses and the additional stimulus checks. However, Congress also passed a very favorable extension and...

What You Should Know Before Hiring an Outsourced Accounting Partner

January 7, 2021 - Sometimes, it's clear to business owners that they need accounting help. Maybe their accounting staff is overworked, deadlines are being missed, or opportunities are passing them by. But other times, business owners find...

Illinois Local Tax Changes for Out of State Remote Sellers

December 23, 2020 - Starting January 1, 2021, Illinois is enacting the Leveling the Playing Field for Illinois Retail Act that will require remote sellers to collect local taxes based on their productโ€™s delivery location (destination sourcing)....