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Are Commodity Wages a Good Fit for My Ranch?

For the purposes of this article, we will refer to both farms and ranches and “ranch(es),” and farmer or rancher as “rancher(s).” I know a person who is a ranch employee for a large ranch and feedlot operation. Each fall, his employer pays him an annual bonus with a “load…

February 13, 2025

Charitable Donations 101

Charitable donations are a powerful tool to give back to your community and support causes dear to your heart while saving on income taxes. It’s crucial to navigate the process wisely to ensure your contributions are maximized and compliant with tax regulations. Choosing the Right Organizations When considering charitable…

February 11, 2025

2025 South Dakota Governor’s Conference on Tourism

I had the pleasure of attending the 2025 South Dakota Governor’s Conference on Tourism, and let me tell you, it was quite an event. The conference brought together industry leaders, policymakers, and business owners from across “the 605” to discuss the current state and future prospects of tourism…

February 6, 2025

My Road to Accounting & KT

Growing up with my father being a Financial Advisor, I knew that I wanted a career in the business realm like him. When I started college at the University of South Dakota’s Beacom School of Business in 2020, similar to many other students, I wasn’t exactly sure which route…

January 27, 2025

Why I Chose Accounting & KT

As many high school seniors do, I spent many months searching for a scholarship to reduce my future college debt. This is where my introduction to accounting started – when I stumbled upon the Dakota Corp Scholarship. That and the advice given to me by family and relatives, most…

January 27, 2025

Our Extension Policy: Key Deadlines & Procedures

At KT, our mission is to ensure your tax returns are completed accurately and on time. As one of the firm’s Tax Partners, I want to share some essential updates to our extension process. Document Deadline To help you receive a timely and accurately filed tax return or extension,…

January 27, 2025

Wire Transfer Security & the Prevention of Fraud

In today’s world, immediacy has become the norm as individuals and businesses alike expect to be served quickly. With social media, instant, real time responses are common and with that, phishing, vishing, and account fraud have skyrocketed. In the financial and accounting industries, wire transfers have become a favorite target…

January 27, 2025

What Form 990 Does my Nonprofit Need to File?

Income Thresholds for Filing Form 990 Also read Amie Stevenson’s related post – The Value of a Well Prepared 990 Form 990 is an annual tax return filed by nonprofit organizations in the United States to the IRS. It provides a comprehensive overview of a nonprofit’s financial activities, governance,…

January 27, 2025