Redpath Insights

IRS Releases Final Version of Payroll Form 941

June 24, 2020 - Following the extensive law changes under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES), many employers implemented payroll changes and adjustments to...

SBA Releases New Interim Final Rule and Loan Forgiveness Applications

UPDATED: June 18, 2020 - The SBA recently issued additional guidance regarding the Paycheck Protection Program (PPP), along with a revised loan forgiveness application and instructions.  Click here for the revised application and here for the...

CARES Act Employee Retention Credit and Payroll Tax Deferral

UPDATED: April 13, 2020 - 11:30 a.m. On Friday, April 10, 2020, the IRS issued additional guidance regarding the deferral of payroll tax available under the CARES Act. The most significant clarification relates to the deferral of employment taxes...

CARES Act Paycheck Protection Program

UPDATED: July 2, 2020 - 11:00 a.m. On Wednesday, July 1, Congress approved an extension of the period in which to apply for Paycheck Protection Program (PPP) funds, with small businesses now having until August 8 to apply for the $134 billion of...

Senate Passes CARES Act

March 26, 2020 - Late on the night of March 25, the Senate passed the CARES Act to provide emergency assistance to individuals and businesses impacted by the coronavirus pandemic. The $2 trillion bill passed unanimously and is now going to the...

Covid-19 Update: MN DEED and SBA Disaster Loans, Individual Tax Extension

March 23, 2020 - The Minnesota Department of Employment and Economic Development (DEED) has shared information about the U.S. Small Business Administration (SBA) Economic Injury Disaster Loans which are now available for Minnesota businesses.

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...