Whether it is a New Year’s resolution, an annual employee evaluation or a brainstorming session on how to improve business, goals are an integral part of our lives. Often we set goals that seem attainable, but then we forget…
Being a nonprofit board member is an important position, but there are times in which these meetings become a burden, especially when they are not run efficiently. Any board can take steps to more effectively and efficiently govern their…
Part X of our federal grant compliance requirements will cover program income and reporting. Some organizations may have income generated by a federally funded project, referred to as program income. Program income must be accounted for in specific…
The effective date for the new Uniform Grant Guidance (the Guidance) is getting closer. As described in the previous newsletter, the new Guidance is effective December 26, 2014. There is no getting around reading the new requirements in order…
Ranch families that have lived on the land for generations have built more than a business. They’ve built an enduring legacy through which future generations can prosper. And in many parts of the West, especially the oil-
rich Williston Basin of…
With land values rising in many parts of western South Dakota, eastern Wyoming and western North Dakota, longtime ranchers and farmers can find themselves in an all-too-familiar situation when they decide to retire. They are asset rich, but when…
When tax time comes around in January there may be additional reporting requirements relating to your 1040. We are currently in the middle of the first year of the mandated health insurance coverage for individuals. The new mandate includes…
The way our federal tax system is set up we are required to pay tax over the course of the year rather than waiting until April 15. Many of us do not really think about this because tax…
If you travel around the Black Hills during the summer, you’re likely to hear a lot of different languages spoken in the hallways, kitchens and dining rooms at the area’s hotels, restaurants and attractions. Workers come to the Black Hills…
We’ve seen this all too often lately: A tax professional e-files a federal income tax return on behalf of a client, but instead of a confirmation, the IRS sends a rejection notice. The reason? That return has already been…
