Redpath Insights

What to Do if You Have Economic Nexus in Another State

February 19, 2021 - If your company does business in states outside of your primary location, you may already know that you're required to collect and remit sales tax there. After Wayfair vs. South Dakota, a 2018 Supreme Court ruling, most states...

Why You Need to File a Gift Return, Even for Non-Taxable Gifts

February 9, 2021 - Gifting is a rewarding and smart way to pass assets to your family, friends, or favorite causes. If done correctly and as part of an overall gifting strategy, you can direct your wealth to those you want to benefit and avoid...

New Law Makes Big Changes to the Employee Retention Credit

January 7, 2021 โ€“ Most of the excitement from the Consolidated Appropriations Act (CAA) came from clarity on the deductibility of PPP expenses and the additional stimulus checks. However, Congress also passed a very favorable extension and...

Illinois Local Tax Changes for Out of State Remote Sellers

December 23, 2020 - Starting January 1, 2021, Illinois is enacting the Leveling the Playing Field for Illinois Retail Act that will require remote sellers to collect local taxes based on their productโ€™s delivery location (destination sourcing)....

Small Business Aid and Tax Extenders Included in Year-End Bill

December 22, 2020 โ€“ This week, votes are being cast on two large measures put together by congressional leaders toward both a $900 billion Covid-19 relief bill and $1.4 trillion omnibus spending bill.

Minnesota Economic Assistance Package Available for Some Businesses

December 18, 2020 -On December 16, 2020, Governor Walz signed a COVID-19 economic assistance package into law that provides business assistance grants for certain businesses operating in Minnesota that were closed to the public due to Executive...

Understanding the FFCRA: Tax Credit Opportunity and Compliance Issues

December 16, 2020 - The Families First Coronavirus Response Act (FFCRA), signed into law by President Trump in March 2020, requires certain employers to provide employees with paid sick leave and expanded family and medical leave for reasons...

Remote Work and Nonresident Income Tax Withholding

December 14, 2020 - Some Minnesota companies have Wisconsin resident employees working from home due to Covid-19. These employees may now have an unexpected tax liability when they file their 2020 Wisconsin income tax return if their Minnesota...

Section 179 Conformity Helps Small Business and Agriculture

October 16, 2020 - In a special session on Oct. 15, the Minnesota State Legislature approved $208 million in tax relief by conforming to federal rules related to Section 179 expensing. Minnesota will now allow up to $1 million in annual Section...

Redpath Hires EGT and M&A Service Area Leaders

St. Paul, Minnesota (October 5, 2020) โ€” Certified public accounting firm Redpath and Company, Ltd. (Redpath) has hired Jon Fortin, J.D., as director of the estate, gift, and trust tax service area, and Joe Hellman, CPA, as director of the ...