Redpath Insights

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

ASC 842 is a 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 companies to get familiar with...

How to Calculate and Use Material Margin to Drive Competitive Pricing

May 5, 2021 - When determining manufacturing costs and pricing, you can look at a number of different margins to determine efficiency and profit. These metrics often factor in many costs like overhead, labor, and more. Material margins, on the...

Opinion: Your Construction Safety Program Canโ€™t Be Effective Without a Good Work Plan

March 31, 2021 - Guest blog from Scott Staffon, CSP, Director of Risk Management at CSDZ

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...

Does Your Manufacturing Company Need a CFO or a Controller?

January 12, 2021 - No matter the size of your manufacturing company, there's likely to come a time you'll wonder if you need more internal help with your finances. If you don't have one, you might consider hiring a chief financial officer (CFO)...

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...

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....

How Does IRS Code Section 199A (QBID) Affect Manufacturers?

June 7, 2018 โ€” The Tax Cuts and Jobs Act (TCJA) created many changes for both individuals and businesses.  These changes include the repeal of the Domestic Production Activities Deduction (DPAD or Section 199) and the creation of the new Section...

Manufacturers Now See Simpler Reporting Requirements

May 8, 2018 โ€” One of the main goals of tax reform is to encourage reinvestment in U.S. domestic production. This is through several relief provisions in the Act, which both simplify tax accounting methods and open up more tax benefits. While we...