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 to become familiar with them. The Cost Principles are a…
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 North Dakota and the Powder River Basin of Wyoming, that…
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 it comes to cash — Â well, not quite so rich.
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 calculation of possible tax credits or tax penalties related…
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 is generally withheld from our wages. Even if this is…
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 from the Philippines, Central America, Africa, Europe and elsewhere. A…
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 filed –by an apparent fraudster who is out to receive…
Memorized transactions can be set up to record recurring transactions. The transactions can be recorded automatically or you can set a reminder so QuickBooks will remind you to record them. Using memorized transactions helps increase accuracy, saves time, and can help keep bank records up to date. Many monthly,…
Do you face these challenges? I am spending all of my time managing payroll for my employees. The financial reports out of my system do not make any sense. My bookkeeper is going out on maternity leave. Now what? Our Company is growing but we do not have enough…
Do you currently work for a company or department that could be described as unpleasant, a wasteland, lifeless, negative, or a toxic energy dump? Do you enjoy coming to work? What if the company or department was known as a high energy place; usually described as playful, enjoyable, positive,…
