Advertising can be expensive, and when your budget is tight or you have a start-up business, many cut their marketing efforts first because of cash flow concerns. However, when times are tough, or you are opening a new business it’s even more important to keep your brand front and…
One aspect of running a small business that few people give a lot of thought to is the way they deal with professionals such as bankers, lawyers, CPAs/accountants and so on. Most entrepreneurs just dive right into their businesses without giving a second thought to what value these professionals…
This past year, tax professionals nationwide have seen an alarming increase in identity theft happening with their clients. At this time, there is no better information to determine how or why certain people have been targeted, but we have seen a trend most recently with the medical community. Please…
Everyone at some point in their lives will need to ask themselves the question, “What will happen to my estate when I pass on?” If your estate exceeds $5.34 million in 2014, the excess could be taxed as high as 40%. In many cases, family limited partnerships are an…
The issuance of the new Uniform Grant Guidance (Guidance) will impact states, local governments, Indian tribes, and nonprofit organizations that expend federal grant funds. The Guidance combines eight separate grant circulars into one location.  Organizations that expend federal grants need to begin reviewing the Guidance now to ensure…
As described in Part I through VIII of our previous articles, 14 different compliance requirements could have a direct and material effect on federal grants received by governmental or non-profit organizations. Organizations that utilize Federal programs may need to comply with Procurement and Suspension and Debarment. These requirements ensure…
In the December issue of the KT Non-Profit e-newsletter, we discussed the requirements of acknowledging a donor for a charitable contribution (Click to read previous article).  The article discussed the requirements for cash donations, but what are the requirements for the receipt of donated property? Donated property can range…
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 already subject to certain compliance rules right now. What does…
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 Black Hills Home Builders Association, offers five…
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 business is worth. Ask Ericka Heiser.
