Redpath Insights

Can Revenue Sourcing Reduce Your State Taxes?

Federal tax reform is all over the news these days, but state tax saving opportunities are often left out of the headlines. A window has opened for many companies to consider changing their entity structure, but they will need to analyze how...

Federal Tax Reform: House Releases Tax Cuts and Jobs Act

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 is finalized. We will...

How Will Minnesota's New Tax Laws Affect You?

UPDATE: The Tax Cuts and Jobs Act has become law since this article originally appeared. This article is still accurate on the state level. If you’d like to learn about the key provisions of tax reform, please click here. While federal tax changes...

Where Should I Be Filing Sales and Use Tax Returns?

Where you collect and remit sales tax is determined by where your company has a physical presence. This physical presence is called “nexus.” For years, nexus has been defined by the 1992 US Supreme Court case, Quill Corp v. North Dakota. In this...

House Passes One Year Tax Break Extensions

By John Kammerer

Deferred Tax Liability and Your Company's Balance Sheet

Defer. Defer. Defer.  That is usually the name of the game for income tax strategy.  What does that mean for how we look at company balance sheets? The definition of “Deferred Tax Liability” is an account on a company's balance sheet that is a...

LLC Members Self Employment Tax

Many tax professionals are changing their stance on how to treat business income allocated to LLC Members for Self Employment Tax (SET) purposes. In general, per Internal Revenue Code Section (IRC) 1402(a), taxpayers who are allocated business...