Redpath Insights

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...

Individual Tax Provisions of the CARES Act

UPDATED - July 1, 2020 - Earlier this year, as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the IRS granted relief to individuals who were required to take an RMD (required minimum distribution) from their...

Families First Response Act: Department of Labor Resources and FAQs

March 24, 2020 - With the passage of the Families First Response Act, the Department of Labor (DOL) has been compiling frequently asked questions they've received from companies and individuals. These resources will continue to be updated as...

Minnesota Unemployment Relief for COVID-19

UPDATED: May 8, 2020 at 4:19 p.m.  A lot has changed over the last six weeksโ€”while business owners have been focused on navigating their business operations under new circumstances, many workers have found themselves navigating the application...

Families First Coronavirus Response Act Highlights

This article was updated with new information on March 20, 2020 at 8:45 a.m. Also, you can see an FAQ about the Act by clicking here. On Wednesday, March 18, 2020, hours after passage by the Senate, the President signed legislation providing...

SECURE Act: Summary of Key Provisions In The New Legislation

January 14, 2020 - The SECURE Act (Setting Each Community Up for Retirement) recently passed, and the effects on employer-sponsored retirement plans as well as individual tax situations are the most significant since the Pension Protection Act of...

Planning Checkup: Accounts Payable Best Practices and Advanced Planning for Year-end

September 30, 2019 โ€” In todayโ€™s evolving business environment, businesses rely on accounts payable for the important task of paying vendors for goods and services. For some companies, this involves numerous transactions and maintaining vendor...

Private Company Equity Grantsโ€”New Tax Deferral Opportunity for Employees

September 24, 2019 โ€” Generally, an employee receiving employer equity grants, such as restricted stock units (RSUs) or shares of their employerโ€™s stock from exercising employer stock options,  must include in taxable income the value of the...

Major Changes to Minnesota Wage Payment Laws: Wage Theft Legislation for 2019

July 31, 2019 โ€” A major employer law change for business owners went into effect on July 1st, 2019 with criminal provisions effective August 1st, 2019. That is when the Minnesota Legislature enacted a new Minnesota Wage Theft Law, passed and...

HRA Plan Updates: New Individual Coverage HRAs (ICHRA) and Excepted Benefits HRAs (EBHRA)

July 2, 2019 โ€” Health plans are an important benefit that organizations offer their employees and starting in 2020, there are two new ones that organizations wanting to offer HRAs can consider.  HRA The HRA (Health Reimbursement Arrangement) is a...