Redpath Insights

2020 Form W-4 Reversion FAQ

January 2, 2020 โ€” Every year-end, the IRS releases the newest Form W-4 to use for the upcoming tax year. Since 1987 the form has carried forward year over year with the same layout and fields for completion, but with adjustments for tax table...

Changes to 2020 Form W4 for Employers and Employees

October 21, 2019 โ€” The Internal Revenue Service has made extensive changes to Form W-4 (Employeeโ€™s Withholding Certificate) to adjust employee withholding calculations to better align with the Tax Cuts and Jobs Act. For some, the form in its...

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...

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...

Only You Can Prevent SSN Errors

August 15, 2018 โ€”Following our recent post for mid-year check-ins on employee withholding, we want to remind employers of the importance of validating employee names and Social Security numbers.

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

March 21, 2018 โ€” 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....

401ks, Recent Tax Law Changes, and Hardship Distributions

February 28, 2018 โ€” Among other provisions, the Act made changes to the hardship distribution requirements in retirement plans.  These changes are effective for plan years beginning after December 31, 2018.

Minneapolis Minimum Wage Updates

February 23, 2018 โ€” Employers with employees working within Minneapolis city limits have additional employer obligations for minimum wage requirements.  Effective January 1, 2018, the first phase of the Minneapolis Minimum Wage Ordinance went...