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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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Taxes

Negative Capital Accounts: Could a Gifted Partnership Interest Create an Unexpected Tax Bill?

Many business owners are taking advantage of today's favorable tax incentives while also thinking...

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Missed a Form 5471 Filing? Here's What You Need to Know

Discovering that Form 5471 wasn't filed with your tax return can be unsettling. The IRS imposes...

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IRS Raises 2026 Business Mileage Rate to 76 Cents, Effective July 1

If your business reimburses mileage or deducts vehicle expenses, the IRS made a mid-year change...

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6 Questions to Ask When Interviewing a New Construction Accounting Firm

Construction companies today are operating in a very different environment than they were a few...

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Minnesota Tax Law Changes: What Businesses Should Know Right Now

Minnesota’s recently signed omnibus tax bill (H.F. 2438) introduces several updates impacting...

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Washington’s New Individual Income Tax: What High‑Income Taxpayers Need to Know Now

Washington has historically stood out as a state without a broad-based individual income tax. That...

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Trump Accounts: What You Should Know About Access and Tax Treatment

Earlier this year, Congress enacted the One Big Beautiful Bill Act, a comprehensive piece of tax...

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Who Truly Benefits from “No Tax on Tips”: An Update for Tipped Workers

You have likely seen headlines about a new tax break under President Trump’s One Big Beautiful Bill...

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Minnesota Residency Questions Answered: Rules, Taxes, and Audits

Updated 2025 — Whether you’re a Minnesota resident, a nonresident working in the state, or planning...

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Not Sure You Can Claim the R&D Tax Credit? Think Again

Updated October 2025 — Many businesses miss out on valuable R&D tax credits because they believe...

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2025 Tax Law Changes Explained: Key Takeaways from the One Big Beautiful Bill

Signed into law by President Trump on July 4, 2025, the “One Big Beautiful Bill Act” introduces...

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The Senate Finance Committee Releases Draft Response to The House Passed “One, Big, Beautiful Bill”.

Updated June 18, 2025: The much-anticipated Senate response to the House’s tax bill is now...

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The Federal Disaster Tax Relief Act: Key Impacts on Individuals Affected by Natural Disasters

After nearly a year of advocacy and lobbying, the Federal Disaster Tax Relief Act, introduced by...

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Corporate Transparency Act Enforcement Stalled: What It Means for Businesses

Updated January 2, 2025: On December 26, the Fifth Circuit Court of Appeals reinstated a Texas...

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Navigating M&A Uncertainty: How Evolving Policies Could Impact Your Next Deal

The following article is intended for informational purposes only. It is not meant to be taken as...

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