The March 1st deadline for farm tax returns allows qualifying ag producers to file their tax returns and pay any tax due without having to make estimated tax payments. To take advantage of this deadline, you must meet these…
Growing up with my father being a Financial Advisor, I knew that I wanted a career in the business realm like him. When I started college at the University of South Dakota’s Beacom School of Business in 2020, similar…
As many high school seniors do, I spent many months searching for a scholarship to reduce my future college debt. This is where my introduction to accounting started – when I stumbled upon the Dakota Corp Scholarship. That and…
At KT, our mission is to ensure your tax returns are completed accurately and on time. As one of the firm’s Tax Partners, I want to share some essential updates to our extension process. Document Deadline To help you…
When I start with a new payroll client, I like to lay out the expectations of what the client can expect from me and my team, and what I will in turn expect from the client. It’s important to note…
In today’s world, immediacy has become the norm as individuals and businesses alike expect to be served quickly. With social media, instant, real time responses are common and with that, phishing, vishing, and account fraud have skyrocketed. In the financial…
Income Thresholds for Filing Form 990 Also read Amie Stevenson’s related post – The Value of a Well Prepared 990 Form 990 is an annual tax return filed by nonprofit organizations in the United States to the IRS. It…
Tips for efficient year-end (and all year) bookkeeping. Navigating the financial landscape of a business can be compared to steering a ship through uncharted waters. The constant demands of financial tasks can feel overwhelming and potentially lead to errors. However,…
How Outdated Beneficiary Designations and Property Titling Affect Income Taxes and Other Unintended Consequences When it comes to estate planning, many people focus on creating wills or trusts to ensure their wishes are carried out according to plan. However, an…
Also read Joshua Drake’s related post What Form 990 Does my Nonprofit Need to File? For tax-exempt organizations, a tax return is far more than just an annual filing requirement. It serves as a crucial tool for demonstrating transparency,…
