Redpath Insights

Is the Cash or Accrual Method of Accounting Right for Your Business?

June 15, 2021 - Cash is king for most โ€“ if not all โ€“ companies, and the ability to defer income taxes frees up cash and makes it available for reinvestment in the business. Moreover, maintaining a healthy reserve can sometimes mean the difference...

Not Sure You Can Claim the R&D Tax Credit? Think Again

June 4, 2021 - If your company does any research and development (R&D), the R&D tax credit can minimize your tax liability. But it's not just for manufacturers and engineers. In fact, you probably do more qualifying R&D work than you think,...

MN Legislature: PPP and Unemployment Benefits May Be Excluded From MN Taxes

May 20, 2021 - Minnesota State leaders in the Legislature and Governor Tim Walz have announced their intent to allow both $10,200 of unemployment benefits and all proceeds from forgiven PPP loan applications to be excluded from income in...

6 Post-Pandemic Strategic Business Planning Tips from the Pros

May 19, 2021 - The past year has put businesses across all industries to the test. Questions of resilience, adaptability, and "bouncing back" have been swirling since early 2020 โ€“ but successful businesses keep looking toward the future even as...

What the ASC 842 Lease Accounting Standard Means for Your Balance Sheet

ASC 842 is a change to leasing standards that, among other things, requires companies to include leases longer than 12 months on their balance sheets. The ramifications of the new standard make it crucial for companies to get familiar with...

How to Calculate and Use Material Margin to Drive Competitive Pricing

May 5, 2021 - When determining manufacturing costs and pricing, you can look at a number of different margins to determine efficiency and profit. These metrics often factor in many costs like overhead, labor, and more. Material margins, on the...

SBA Restaurant Revitalization Fund Applications Opening

April 30, 2021 - The Small Business Administration has announced that the Restaurant Revitalization Fund will open for registration by qualifying restaurants on April 30 at 9 am EST, with these same restaurants able to submit applications...

What MN Nonprofits Need to Know About Unemployment Claims Right Now

April 29, 2021 - Employers across the country saw a dramatic surge in unemployment due to the COVID-19 pandemic and nonprofits were not spared, with around 40% of nonprofit employees filing unemployment claims as of a November 2020 report from...

Building a Leadership Team? Ensure Culture Fit with These Three Easy Tips

April 6, 2021 - Guest article by Mike Paton, Global Ambassador for EOS Worldwide

Opinion: Your Construction Safety Program Canโ€™t Be Effective Without a Good Work Plan

March 31, 2021 - Guest blog from Scott Staffon, CSP, Director of Risk Management at CSDZ