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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COVID-19

Disclosures by Business Entities Receiving ASU 2021-10 Government Assistance

January 25, 2022 — Current GAAP has no authoritative guidance on the accounting for, or disclosure...

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What to Do With Your Child Tax Credit IRS Letter 6419

January 10, 2022 — The IRS has started issuing information letters (Letter 6419) to advance child...

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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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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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SBA Restaurant Revitalization Fund Applications Opening

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

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IRS Extends 2021 Individual Tax Deadline to May 17

March 17, 2021 – Acknowledging pressure from both Congress and tax and accounting groups, the IRS...

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Additional Stimulus Bill – Business and Individual Incentives

March 10, 2021 - The House of Representatives has passed another stimulus bill (the American Rescue...

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Minnesota Economic Assistance Package Available for Some Businesses

December 18, 2020 - On December 16, 2020, Governor Walz signed a COVID-19 economic assistance...

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Remote Work and Nonresident Income Tax Withholding

December 14, 2020 - Some Minnesota companies have Wisconsin resident employees working from home...

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PPP Forgiveness Could Take Years for Your Business – Here's How to Prepare

December 10, 2020 - The Paycheck Protection Program (PPP) was created to help American businesses...

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IRS Employee Payroll Tax Deferral Guidance

August 31, 2020 - On Friday, August 28, the IRS issued guidance on President Trump’s executive...

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PPP Update: Owner-Employee Compensation and Rent-Related Costs

August 28, 2020 - On Monday, August 24, the Small Business Administration (SBA) and Treasury issued...

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Some Experiencing IRS Payment Delays

UPDATED: August 25, 2020 - The IRS has temporarily suspended the issuance of notices CP501, CP503,...

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Presidential Executive Order Payroll Tax Impact

August 11, 2020 – On August 8, 2020, President Trump issued an executive order that allows...

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How Construction Companies Can Retain Top Talent When Revenue Drops

August 11, 2020 - When new work dries up and your construction company begins backlogged work, the...

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