Redpath Insights

The Redpath Insights blog will help you stay up-to-date on the latest tax, audit, accounting and advisory insights so you can make more informed business decisions. 

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The Cost (or Cost Savings) of Hiring Outsourced Accounting Services

August 12, 2021 - Should you consider outsourced accounting services? Business owners make...

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Accounts Payable Best Practices and Advanced Tax Planning for Year-end

August 10, 2021 - Editors Note: This blog was originally published in September 2019 and has been...

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Accounting for Covid-19 Relief

August 3, 2021 - Covid-19 relief has included a variety of programs, including the Paycheck...

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How to Opt-out of the Advance Child Tax Credit

July 23, 2021 - For tax year 2021 only, the IRS has modified the Child Tax Credit and will disburse...

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Minnesota Conformity Bill Summary

July 8, 2021 - On July 1, 2021, Governor Walz signed a bevy of new bills into law, including both a...

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Compilations, Reviews, and Audits: Understanding the Levels of Assurance

July 7, 2021 - CPAs produce reports that provide different levels of assurance regarding the...

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How to Properly Allocate Expenses in Your Nonprofit Financial Statements (and Why It Matters)

July 1, 2021 - Common sense tells us that every business needs to know how money is being spent in...

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Is the Cash or Accrual Method of Accounting Right for Your Business?

June 15, 2021 - Cash is king for most – if not all – companies, and the ability to defer income...

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Not Sure You Can Claim the R&D Tax Credit? Think Again

June 4, 2021 - If your company does any research and development (R&D), the R&D tax credit can...

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MN Legislature: PPP and Unemployment Benefits May Be Excluded From MN Taxes

May 20, 2021 - Minnesota State leaders in the Legislature and Governor Tim Walz have announced...

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6 Post-Pandemic Strategic Business Planning Tips from the Pros

May 19, 2021 - The past year has put businesses across all industries to the test. Questions of...

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What the ASC 842 Lease Accounting Standard Means for Your Balance Sheet

May 7, 2021 - ASC 842 is a change to leasing standards that, among other things, requires companies...

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SBA Restaurant Revitalization Fund Applications Opening

April 30, 2021 - The Small Business Administration has announced that the Restaurant Revitalization...

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What MN Nonprofits Need to Know About Unemployment Claims Right Now

April 29, 2021 - Employers across the country saw a dramatic surge in unemployment due to the...

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