Redpath Insights

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

ASC 842 is a recent 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 construction companies to get...

Construction Companies Might Be Eligible for an R&D Tax Credit and Not Even Know It

What do you think of when you hear the term "R&D"? If you picture CAD drawings and beakers bubbling, you're not alone โ€“ but research and development means a lot more types of work than you may imagine. In fact, your construction company might be...

6 Questions to Ask When Interviewing a New Construction Accounting Firm

August 18, 2020 - Whether you're growing, restructuring, cleaning house, or just want to know your options, one of the most valuable things you can do when looking for a new construction CPA is to be curious. 

How Can the Recession Impact Your ESOP Strategy?

August 13, 2020 - When you're ready to exit your business, you have many options for how to go about planning what will happen when (and after) your exit. Employee stock ownership plans (ESOPs) are one of them โ€“ but how do you know what's right...

How Construction Companies Can Retain Top Talent When Revenue Drops

August 11, 2020 - When new work dries up and your construction company begins backlogged work, the future of your workforce can seem uncertain. How do you keep your best team members through tough times in a market where their next pay increase...

Should You Lease or Buy Construction Equipment in a Recession?

July 28, 2020 - As the economy fluctuates in response to the COVID-19 pandemic, construction companies are weighing everyday transactions with a new scale. The decision of whether to lease or buy construction equipment has always been a decision...

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...

Four Signs You've Outgrown Your Construction Accounting Firm

July 7, 2020 - Sustainable growth is one of the best things that can happen to a construction company, but it comes with its own set of challenges. You'll probably need to change your pricing and pay structure, distribution, logistics, and set...

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...

Construction Executive Names Redpath and Company a 2019 Top 50 Construction Accounting Firm

St. Paul, Minnesota (August 2nd, 2019) โ€“ Redpath and Company, Ltd. (Redpath) has been named one of the Top 50 Construction Accounting Firms in 2019 by Construction Executive. A complete list of those companies selected can be found here.