Redpath Insights

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

In today’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 relationships that help...

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

Generally, an employee receiving employer equity grants, such as restricted stock units (RSUs) or shares of their employer’s stock from exercising employer stock options,  must include in taxable income the value of the shares of stock received...

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

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 signed by Governor...

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

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 type of plan...

IRS Helps Company Differentiate on Benefits

Companies try a lot of different strategies to recruit and retain talent. Given lower participation in retirement savings plans among their younger generations of staff, one company took action. As a result, the IRS seems open to allowing...

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

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. However, what...

New Family Medical Leave Tax Credit

[9/26/18 Update: The IRS has issued further guidance on how to calculate the creditβ€”and there is also a Q&A section.]