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REDPATH INSIGHTS

• Cash vs. Accrual Accounting and Their Impact on Cash Flow
  June 15, 2021 - Cash is king for most – if not all – companies, and the ability to defer income taxes frees up cash and makes it available for reinvestment in the business. Moreover, maintaining a healthy reserve can sometimes mean the difference between surviving and thriving. So why pay the government early? 
• You Could Probably Claim the R&D Tax Credit – Here's How
  June 4, 2021 - If your company does any research and development (R&D), the R&D tax credit can minimize your tax liability. But it's not just for manufacturers and engineers. In fact, you probably do more qualifying R&D work than you think, regardless of your industry.
• 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 their intent to allow both $10,200 of unemployment benefits and all proceeds from forgiven PPP loan applications to be excluded from income in determining the taxpayer’s tax obligation to the State as part of their latest state budget deal.