Redpath Insights

Individual Aspects of the American Rescue Plan

March 26, 2021 - The American Rescue Plan Act of 2021 included many provisions affecting businesses, pensions, payroll, and individuals. Below are some of the provisions affecting individuals.

Three Things to Know About Selling Your Business Before You Do It

March 25, 2021 - "Should I sell my business?" It's a question every owner asks themselves sooner or later. The decision to sell your business, whether you plan to stay on board or exit post-close, is obviously not one to make quickly โ€“ or alone.

Should You Buy Down to Offset MN's 2021 Unemployment Insurance Tax Assessment?

March 23, 2021 โ€“ Minnesota employers are accustomed to receiving their unemployment insurance (UI) tax rate notices in December notifying them of their unemployment tax rate for the coming year. This early notice generally allows employers time...

IRS Extends 2021 Individual Tax Deadline to May 17

March 17, 2021 โ€“ Acknowledging pressure from both Congress and tax and accounting groups, the IRS announced today that it plans to extend this yearโ€™s tax deadline from April 15 to May 17. While the IRS has not yet provided formal guidance, the...

Additional Stimulus Bill โ€“ Business and Individual Incentives

March 10, 2021 - The House of Representatives has passed another stimulus bill (the American Rescue Plan Act of 2021) which was recently passed by the Senate. The bill now goes to the President who is expected to sign the legislation.

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

February 23, 2021 - 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...

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...