Is My Overhead Burden Really That Important?
In today’s competitive construction environment, it is imperative that construction contractors are able to accurately estimate costs associated with a contract. Without an understanding of what their...
View ArticleRibbon Cutting for Redpath & Company’s Saint Paul Headquarters to be held...
SAINT PAUL, MN – Accounting firm Redpath and Company, Ltd. will officially open its Saint Paul office today with a ribbon cutting ceremony at 11 a.m. CST. Forty-five of the firm’s 135 employees now...
View ArticleBusiness Succession Planning
What is business succession planning, and why do it? If you conduct a Google search on this topic, you will get many different answers to these two questions. But succession planning isn’t all about...
View ArticleGoodwill
Author: Nate Kohler During 2014, the Financial Accounting Standards Board (FASB) issued an update of the accounting treatment of Goodwill for private companies. After research and outreach with private...
View ArticleFresh Leadership for St.Paul-based CPA Firm
SAINT PAUL, MN – Accounting firm Redpath and Company, Ltd. announced today that Mark Gibbs is now officially the firm’s Managing Partner. Gibbs is replacing Jim Redpath, who has held the position since...
View ArticleLLC 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)...
View ArticleThe Angel is back!
The state of Minnesota offers a very generous tax credit to certain investors. The Angel Tax credit is equal to 25% of the amount invested in a qualified activity (businesses focused on high...
View ArticleNational CFMA Conference Recap
In June I attended the National CFMA Conference in Las Vegas. It was a great opportunity to get updated on the state of the construction industry and learn about issues contractors are currently...
View ArticleYEAR END PLANNING
It is time for year-end tax planning. This should be started in November, not late December. The following are some of the issues that should be discussed with your advisor. Deferring or accelerating...
View ArticleTax Gossip – Rumors on Section 179 Expensing and Bonus Depreciation
My colleague recently attended an event where a Congressman who is on the U.S. House of Representatives Ways and Means Committee said it is very likely that 179 expensing and bonus depreciation will be...
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