Redpath Insights

Types of Charitable Giving and Their Tax Deductible Benefits

December 4, 2018 โ€”  โ€˜Tis the season for giving. Individuals and businesses often find great fulfillment in giving back to their community, supporting our troops, or donating to humanitarian efforts, the arts, education, or environmental...

Changing State Residency and the Minnesota Department of Revenue

November 19, 2018 โ€” Residency is important because residents of Minnesota are taxed on worldwide incomeโ€”no matter if it's earned overseas or in another state. If you're considered a Minnesota resident, everything reported on your federal return...

Requirements for Withholding on Payments to Foreign Vendors

November 13, 2018 โ€” Whether one makes payments to foreign individuals or foreign businesses, there are specific tax rules that one needs to consider. (This section appears as part of Redpath's 2018 Bottomline Newsletter as well.)

Tax Reform Act Impacts on the Construction and Real Estate Industry

October 30, 2018 โ€”On December 22nd, 2017 the Tax Cuts and Jobs Act was signed into law. The bill makes major changes to the individual, corporate and international tax code which will have a far-reaching impact on construction companies,...

Opportunity Zones: New Tax Deferral Opportunity

August 28, 2018 โ€”There is an exciting tax-saving opportunity for those investing in designated zones across the country, including within our own metro area. These zones are designed to encourage economic development and create jobs in areas with...

Saving for Education: How to Manage Funds for Your Family's Future

August 21, 2018 โ€”Many of our clients want to know what they can be doing now to start planning for their children or grandchildrenโ€™s future. Since itโ€™s important to consider future higher education costs while children are still young, here are...

Guidance on 20% Pass Through Deduction for Income Under Section 199A

August 10, 2018 โ€”On Wednesday, August 8th, the IRS released proposed regulations providing guidance on the new 20% pass-through deduction for qualified trade or business income in Section 199A.  The 20% pass-through deduction is a key provision...

Optimize Withholdings with a Paycheck Checkup

July 20, 2018 โ€” We are over halfway into the 2018 tax year which has proved to bring big changes to the tax world. Have you had a change in circumstances? Or a big refund this year? To maintain a proactive approach for the 2018 tax filing season,...

Tax Reform for the Tax-Exempt

July 17, 2018 โ€” Recently, the nations tax-exempt professionals gathered at a national conference where there was much discussion around the recent tax reform and its extensive impact on the Not-for-profit sector. If you are involved in the...

Tax Planning Strategies to Get the Most Out of Your Deductions

June 19, 2018 โ€” Can you itemize, or will you be claiming your new standard deduction? Once you understand the levers available, youโ€™ll know which among them you can pull when it comes to paying Uncle Sam.