Redpath Insights

IRS Releases Final Version of Payroll Form 941

June 24, 2020 - Following the extensive law changes under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES), many employers implemented payroll changes and adjustments to...

SBA Releases New Interim Final Rule and Loan Forgiveness Applications

UPDATED: June 18, 2020 - The SBA recently issued additional guidance regarding the Paycheck Protection Program (PPP), along with a revised loan forgiveness application and instructions.  Click here for the revised application and here for the...

How Redpath Has Responded to the Coronavirus Crisis

May 28, 2020 - While reflecting on how Redpath has responded during the coronavirus crisis, there is a specific moment etched in the mind of Mark Gibbs, the firmโ€™s Managing Partner. It was upon hearing the news that Minnesota Governor Tim Walz...

What Nonprofits Can Do to Recover from the Coronavirus Crisis

May 13, 2020 - As states begin to allow businesses to open and employees return to work, there is a mix of optimism and concern regarding employee safety and the health of the economy. Nonprofits are no different. Many nonprofits nationwide have...

SBA Interim Final Rule: Partnerships and Seasonal Employer Loan Increases

May 14, 2020 - In the constantly evolving world of PPP loan guidance, the SBA has released another Interim Final Rule (IFR) that provides guidance regarding PPP loan increases for certain partnerships and seasonal employers.  Many PPP loans were...

Updated FAQ: PPP Loan Certification Review

UPDATED: May 14, 2020 - An additional extension has been granted until May 18 for companies to return their PPP loan if there is any question that the certification was made in โ€œgood faith.โ€ The article below reflects the new extension. On May...

The CARES Act and Charitable Contributions

May 7, 2020 - The CARES Act that President Trump signed into law on March 27, 2020, contained significant provisions related to charitable deductions, providing many individuals and corporate donors with greater flexibility. New $300 deduction...

How Manufacturers Can Endure the Coronavirus Crisis

May 7, 2020 - From creating new layouts of their shop floors to adding second and third shifts that allow production to continue with appropriate spacing, manufacturers are doing all they can to ensure a productive and healthy work environment....

Code Section 139: Benefits for Employees and Employers

April 27, 2020 - While it is a little-known section of the Internal Revenue Code, Section 139 can provide employees with benefits on a tax-free basis, and employers a deduction with limited administrative burden. Note that this does not need to...

Addressing ESOP Valuation Challenges During COVID-19

April 20, 2020 - With the exponential spread of the COVID-19 virus triggering extended governmental stay-at-home orders, the resulting economic turmoil is providing a new challenge for ESOP companies, particularly with their business valuations.