Redpath Insights

Changes to 2020 Form W4 for Employers and Employees

The Internal Revenue Service has made extensive changes to Form W-4 (Employee’s Withholding Certificate) to adjust employee withholding calculations to better align with the Tax Cuts and Jobs Act. For some, the form in its current 2019 layout...

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...

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...

Only You Can Prevent SSN Errors

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?

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...

401ks, Recent Tax Law Changes, and Hardship Distributions

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

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 into effect...