Time to Prepare for Minnesota's New Pay Transparency Law
Minnesota has become the most recent state to mandate pay transparency. Earlier this year, Governor Tim Walz signed an omnibus labor bill into law...
March 17, 2021 – Acknowledging pressure from both Congress and tax and accounting groups, the IRS announced today that it plans to extend this year’s tax deadline from April 15 to May 17. While the IRS has not yet provided formal guidance, the delay will apply to individual income tax returns and payments related to the 2020 tax year due April 15. Estimated tax payments for the 2021 tax year due on April 15, 2021 are not impacted by the delay.
Once official guidance from the IRS is received, guidance from Minnesota and the other states regarding their deadlines will be needed. Last year, Minnesota opted to delay individual tax filing and payment deadlines to match the Federal deadline extension to July 15, with the caveat that Minnesota estimated taxes for 2020 were not included.
Redpath and Company will follow up with our clients on appropriate strategies once we have additional guidance.
Minnesota has become the most recent state to mandate pay transparency. Earlier this year, Governor Tim Walz signed an omnibus labor bill into law...
This blog was originally written in 2021. It has been updated with new references and resources.
Earlier this month, the U.S. Senate failed to pass The Tax Relief for American Families and Workers Act of 2024 (HR 7024), a $78 billion bipartisan...