The ins and outs of the ACA
The Affordable Care Act — sometimes called Obamacare — has been in the news a lot lately. Certain businesses will have to offer health plans by Jan. 1, 2015, or face a penalty. And all businesses are…
Five tips for hiring a contractor
So you’ve decide that your unfinished basement needs to be finished, your kitchen needs an update or your house is too small for your growing family. It’s time to hire a contractor. Tyler Tribby, board member of the…
What’s it worth? The art of business valuation
You’ve run your Black Hills business a long time, spent your entire career making it a success. You’ve put your profits back into the company, forgoing short-term rewards for the long-term value. Now, you need to know what that…
Parade of Homes a chance to see what’s new
The Black Hills construction industry stages one of its biggest events of the year this weekend, the Black Hills Home Builders Association Spring Parade of Homes. In all, 16 homes priced from $140,000 to more than…
Kristen Reed: Being a CPA requires a well-rounded financial background
What does it take to become a certified public accountant? Kristen Reed can tell you. She recently passed the last of the five required CPA exams and is on staff at Ketel Thorstenson LLP. Although meeting the education…
Four tips for filing your 2013 income tax returns
With tax day less than a month away, here are some helpful tips on how to do your taxes correctly. Ketel Thorstenson LLP, is a Rapid City accounting firm that keeps track year round of the ever-changing tax code. Owners…
Highlights of New and Changing Regulations
The nonprofit and governmental regulatory environment is constantly changing, whether it’s tax regulations, accounting requirements, or grant compliance. This article highlights the recent and upcoming changes to the new data collection form, the federal Form 990, the new Uniform Grant…
Federal Compliance Requirements, Part VII – Period of Availability
Our compliance requirements series continues with Period of Availability, which is one of the 14 different compliance requirements that could have a direct and material effect on federal grants received by organizations. This requirement stipulates costs be incurred within a…
Ketel Thorstenson, LLP Gains Williston Office with Merger
The Ketel Thorstenson foot print expanded to Williston, North Dakota this year. On Nov. 1, 2013 through a merger with Rustad + Furuseth, Certified Public Accountants, P.C. a new office was added to the KTLLP team. This merger will…
Final IRS Repair and Supply Regulations
If you are a business owner, whether big or small, the Internal Revenue Service has issued final regulations that will impact your business in 2014 and beyond. These new regulations provide guidelines and safe harbors in relation to capitalization…