Redpath Insights

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...

The Impact of Tax Reform on Merger and Acquisition (M&A) Transactions

April 27, 2019 โ€” Buyers and sellers have always taken taxes and tax law into account when evaluating a potential transaction. Sellers want to make sure that the proceeds they receive, net of their tax liability, is appropriate for what they think...

A 2017 Move Can Mean a 2018 Exclusion

October 23, 2018 โ€”While taxpayers continue to adjust to the sweeping tax reform that went into effect with the Tax Cuts and Jobs Act, the IRS continues to work through the policy changes to provide clarity and guidance. One such example involves...

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...

Post Reform: How to Take a Tax Deduction for Meals and Entertainment

March 20, 2018 โ€” As part of the sweeping tax reform passed in December of 2017, there were substantial changes to the deductibility of both business meals and entertainment expenses.  The changes for both of these provisions are effective for...

Government Funding Bill: A Tax Break Revival

February 12, 2018 โ€” Congress passed a two-year budget deal in the early morning hours on Friday, February 9th.  Buried in this 652-page budget document are extensions of many provisions that expired in 2016. There are a lot of interesting...

Choice of Entity after the Tax Cuts and Jobs Act

January 31, 2018 โ€” Last November, we examined the potential impact of Tax Reform on Choice of Entity. Since the Tax Cuts and Jobs Act was signed into law on December 22, 2017, taxpayers have been working through the changes to try and understand...

Federal Tax Reform: House Releases Tax Cuts and Jobs Act

November 3, 2017 โ€” On November 2, the House released the long-awaited Tax Cuts and Jobs Act. The Act is broad and covers multiple aspects of individual and corporate taxation. The Act, which is not yet law, will likely see some changes before it...