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Rules of Record Retention

Clients often ask how long they need to keep particular records. The answer is not as clear-cut as one may think. In general, the records should be kept for as long as they may be needed for federal and state…

June 14, 2023
| Nina Braun

New Senior Manager Announced by Ketel Thorstenson

Ketel Thorstenson, LLP announces the promotion of Joei Tieman, CPA to Senior Manager. With a passion for helping people, Joei is where she is supposed to be, and she gets to share this passion with both coworkers and clients. She…

June 1, 2023
| Chris Seljeskog


Tuesday, April 18, 2023, is the federal deadline for filing your 2022 individual income tax return. This is also the last day to request a six-month filing extension. An important thing to note is that this is only an extension…

April 11, 2023
| Carrie Christensen

Routine, Routine, Routine

I have a routine when it comes to backups. I backup my email, devices, and important files and then I backup our company and our client’s data. Yet, the routine rarely changes, other than by size and time. Every time…

March 31, 2023
| Mark Finstrom

Increase in Age for RMDs

In December 2022, President Biden signed the SECURE 2.0 Act of 2022 (SECURE 2.0) into law. SECURE 2.0 contains over 90 changes to help retirement savers and urges more employers to offer retirement plans. One of these changes increases the…

March 28, 2023
| Josh Newman

Gifting – Is it Taxable?

We often get questions from our clients on gifting and its potential tax implications. A gift of money or property is not deductible on your personal income tax return nor does the recipient report the gift as income…

March 7, 2023
| Audrey Moore