Ketel Thorstenson, LLP announces the addition of a new Partner, Traci Hanson, CPA, effective July 1, 2015. Hanson joined the firm in June 2001, specializing in the areas of governmental agencies, schools, municipalities, rural electric cooperatives and non-profit…
Have you ever wanted to make a financial decision and in the process realized you needed to know the income tax effect before making that decision? Is there a good way to “get close” to the tax effect of…
You are not only a stockholder but also a corporate officer. Your accountant is questioning whether your officer’s compensation is too high or too low. There are several good ways to evaluate officer’s compensation and to correctly answer the…
Not long ago, employers could reimburse workers who get their health insurance elsewhere. This was a benefit that could be paid pre-tax, similar to a flexible spending account. Under the final rules of the Affordable Care Act (ACA), this…
Now that the dust has settled and the tax filing deadline is behind us, we can forget about taxes, right? Wrong, says Kevin Sickels, CPA and partner at Ketel Thorstenson’s Rapid City accounting and consulting office. He said…
Being a business owner, prospective business owner, investor or executive comes with numerous challenges; some of which are financial, tax and value related. Ketel Thorstenson, LLP wants to help by offering insight and suggestions to understand and improve the…
For a lot of businesses in the Black Hills, western South Dakota and western North Dakota, summer is the busy time. We’re running our visitor attractions, tending to our calf crop and gearing up for the 2015 Sturgis Rally.
By now you have most likely either filed your tax return for last year or you have filed an extension. In either case it’s not too early to start planning for this year. Planning can both reduce your tax…
All businesses, including nonprofit and government entities, compensate employees for their efforts. It is the employer’s responsibility to comply with the federal and state payroll laws. A part of complying with the laws is filing all required payroll tax…
The COSO, or Committee of Sponsoring Organizations, Framework was the internal control framework created in 1992. This original framework described internal control, outlined the components involved in effective internal control, provided guidance as to how to evaluate internal control,…
