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The Value of Extending a Tax Return

Imagine a scenario where the lottery jackpot is over 1 billion dollars and your goal is to win.  Lucky for you, you can borrow the DeLorean for the weekend and travel into the future to get the winning numbers and…

September 27, 2022
| Greg Miner

QuickBooks Online – Is this Software for You?

Whether starting or expanding a business, it is always important to find the accounting software that best fits a company’s needs. With so many options out there, this can be an overwhelming decision. We are commonly asked, “Is QuickBooks Online…

September 27, 2022
| Ketel Thorstenson, LLP

Research & Development Expenses Tax Update

Beginning in 2022, research & development (R&D) expenses receive new tax treatment. Historically, the government has provided multiple tax incentives to companies performing research and development activities under the premise that this is good for economic growth. The government has…

September 27, 2022
| Jess Weaver

It’s the Lease We Could Do

If it feels like we’ve been discussing the impacts of the new lease standard for a long time, it’s because we have. In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2016-02. The implementation date of…

September 27, 2022
| Jeff Yennie

New IRS Penalty Relief

On August 24, 2022, the IRS announced that it will waive and refund late filing (Failure to File) penalties for taxpayers who filed their 2019 and/or 2020 tax returns late. The penalty relief applies to 2019 and 2020 individual, corporate,…

August 29, 2022
| Carrie Christensen

Senior Manager Announced at Ketel Thorstenson, LLP

Ketel Thorstenson, LLP announces the promotion of Carrie Christensen, CPA to Senior Manager in the Tax Department. Carrie Christensen, CPA, joined Ketel Thorstenson in 2013 in the Tax Department in the Rapid City office.  She holds a Master of Business…

August 29, 2022
| Kristy DeGering