Redpath Insights

Redpath and Company Donates to Canvas Health

St. Paul, Minnesota (January 21, 2020) โ€” Certified public accounting firm Redpath and Company, Ltd. (Redpath) has made a charitable contribution to Canvas Health.

Redpath and Company Promotes Meagan Weber to Director

St. Paul, Minnesota (January 16, 2020) โ€” Certified public accounting firm Redpath and Company, Ltd. (Redpath) has promoted Meagan Weber to tax director.

SECURE Act: Summary of Key Provisions In The New Legislation

The SECURE Act (Setting Each Community Up for Retirement) recently passed, and the effects on employer-sponsored retirement plans as well as individual tax situations are the most significant since the Pension Protection Act of 2006. The...

Qualifying a Rental Real Estate Operation for the 199A Deduction

January 8, 2020 โ€” Under the Tax Cuts and Jobs Act, a 20% qualified business income deduction was granted to individuals and qualifying pass-through entities under IRC section 199A. Due to a large number of rental real estate operations owned...

2020 Form W-4 Reversion FAQ

January 2, 2020 โ€” Every year-end, the IRS releases the newest Form W-4 to use for the upcoming tax year. Since 1987 the form has carried forward year over year with the same layout and fields for completion, but with adjustments for tax table...

Updates to Tax Extenders, Refunds, Tax-Exempt Transportation Benefits

December 26, 2019 โ€” On December 20, 2019, the President signed into law the Taxpayer Certainty and Disaster Tax Relief Act of 2019, generally extending a number of โ€œTax Extendersโ€ (bills that are routinely set to expire in one to three year...

1042 Election: Defer Taxes on Your Sale to an ESOP

December 17, 2019 โ€” ESOPs come with a variety of advantages for the sponsoring company, the selling shareholders, and employees alike. For shareholders considering selling to an ESOP, a 1042 rollover can be a great tax deferral opportunity....

Why You Might Not Want to Keep the House in a Divorce

December 2, 2019 โ€” An important aspect of any divorce is the division of assets, and the marital home is one of the most significant of these. Where a person lives not only provides them shelter but is usually a part of their identity as well. ...

Guest Blog: Top Tips for Business Owners Going Through a Divorce

November 21, 2019 โ€” There are few things in life more time-consuming, frustrating, and exhausting than going through a divorce. You are at a time in your life that you have decided to end your marriage and separate from your spouse and in order...

Standards of Value: Recognizing the Differences

November 12, 2019 โ€” Ask a professional a question about the value of your business and most often the answer will be, โ€œIt depends." This may seem counterintuitive, but the value will differ depending on the purpose of the engagement. We see this...