Redpath Insights

Jared Weiskopf, CPA

Jared Weiskopf, CPA
Jared Weiskopf is a partner in the business tax service area and is the state and local taxation service area leader. He assists clients with corporate and partnership tax preparation, tax planning and research, and works with a variety of clients in industries such as manufacturing and professional services. Jared has provided public accounting services at Redpath and Company since 1997.

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Recent Posts

Minnesota Conformity Bill Summary

July 8, 2021 - On July 1, 2021, Governor Walz signed a bevy of new bills into law, including both a $52B budget bill and a tax bill that benefits many Minnesota business and individual taxpayers. Below is a summary of some of the provisions in...

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...

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...

Minnesota Economic Assistance Package Available for Some Businesses

December 18, 2020 -On December 16, 2020, Governor Walz signed a COVID-19 economic assistance package into law that provides business assistance grants for certain businesses operating in Minnesota that were closed to the public due to Executive...

North Dakota Covid-19 Improvements Grant

July 17, 2020 - There is a new incentive for businesses licensed with the North Dakota Secretary of State, and the first round of applications opens July 31, 2020. This program applies to certain businesses that incur costs to help reduce the...

Minnesota Tax Conformity to Federal Tax Cuts and Jobs Act

June 3, 2019 โ€” On Friday, May 31st, Governor Tim Walz signed into law Minnesotaโ€™s response to the federal Tax Cuts and Jobs Act (TCJA). House bill No 5 lays out these changes. Minnesota adopted many of the changes made to the Internal Revenue...

Opting Out of S Corporation Status at the State Level to Avoid the $10K SALT Deduction Cap

May 28, 2019 โ€” With the Tax Cuts and Jobs Act limiting an individual taxpayer to a $10,000 ($5,000 for married filing a separate return) state and local tax (SALT) itemized deduction, many taxpayers no longer benefit from itemizing their...

How Can You Reduce Your State Tax Apportionment?

May 1, 2019 โ€” Owners of pass-through entities (S corporations, LLC/partnerships) that sell services or sell/license the right to use intangibles may benefit from analyzing how revenue is being sourced if the owners are residents of states with no...

Minnesota's Response to Wayfair Supreme Court Decision

July 25, 2018 โ€” Minnesota Revenue has updated their local sales tax collection requirements for Minnesota Sellers.  Due to the U.S. Supreme Courtโ€™s decision on South Dakota v. Wayfair, physical presence is no longer needed for a state to require...

Do You Pay Income Tax on Employer-Owned Life Insurance Benefits?

March 21, 2018 โ€” As a business owner or employee benefits specialist, you're most likely aware of the Pension Protection Act enacted in 2006. It increased oversight of retirement accounts and held businesses accountable for underfunded accounts....