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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Tax Planning Strategies

IRS Announces 2025 Mileage: Business Drivers See Increase

Drivers who rely on vehicles for regular business use will see a slight increase in deductible...

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The 2024 Election’s Potential Impact on Tax Policy

U.S. election results (and their impacts on tax policy) are always important for business owners...

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Overview of Minnesota Unemployment Tax Rate for 2024

The 2024 Minnesota unemployment insurance tax rate determinations have now been sent out by the...

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

Buyers and sellers have always taken taxes and tax law into account when evaluating a potential...

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Maximizing Your Year-End Gifting Strategy

As the year swiftly comes to a close, many individuals are considering year-end tax plans,...

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Changing State Residency and the Minnesota Department of Revenue

July 27, 2023 — Residency is important because residents of Minnesota are taxed on worldwide...

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How to Deduct Meals and Entertainment

Editor's note: Updated in 2023 to reflect current legislation.

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Expense Management Tips for CFOs and Controllers

CFOs and Controllers do more than crunch numbers, manage a company’s budget, and protect its...

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How Should Construction Retainage Be Presented?

February 17, 2022 - Contract retainage is a simple concept and extremely common in the construction...

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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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Per Diems 100% Deductible for Tax Years 2021 & 2022

November 19, 2021 - On November 16, 2021, the IRS issued guidance that clarified that the meal...

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State of MN Corrects Standard Deduction Instructions

May 12, 2022 - UPDATE: The Minnesota Department of Revenue has recently gone back to adjusting 2019...

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How Does the Pass-Through Entity Tax Work?

September 21, 2021 - Pass-through entity tax allows an entity to pay taxes directly at the entity...

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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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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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