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Paying Taxes – The Electronic Way

When it is time to make a tax payment, who would you trust more to get the payment to your account: the United States Postal Services (USPS) or the Internal Revenue Service (IRS)? If you’re like me, my response would be is there a third option? In the past two…

January 19, 2023

Homing in on Home Energy Credits

Thinking about some home improvements? Maybe Uncle Sam can help you finance them with Energy Efficient Home Improvement credits. Energy Efficient Home Improvement credit The Nonbusiness Energy Property credit was revived by the Inflation Reduction Act of 2022 and renamed the Energy Efficient Home Improvement credit. Congress extended the credit…

January 19, 2023

Important Things to Know About Use Tax

According to the South Dakota Department of Revenue, use tax is the counterpart of the South Dakota sales tax. The two taxes apply to the sales of the same products and services, have the same tax rates, and have similar laws. The difference is in how the taxes are applied.

January 19, 2023

SECURE 2.0

In December, a government spending bill was signed into law with several significant retirement provisions. Here are some of the significant tax and retirement-related provisions included in the SECURE 2.0 Act of 2022. Expanded Automatic Enrollment in Retirement PlansFor retirement plans set up after the enactment date of SECURE 2.0,…

January 19, 2023

Staff Promotions Announced by Ketel Thorstenson, LLP

Ketel Thorstenson, LLP announces the promotions of Amanda Dennis to Manager in the Client Accounting Services department, and Catherine Shoun and Jessica Harwood to Senior Associates in the Client Accounting Services department. All three are in the firm’s Rapid City office. Amanda Dennis has worked in the Client Accounting Services…

January 16, 2023

Workplace Wellness

In July 2022, I joined the Ketel Thorstenson team. When our CEO asked me to focus on workplace wellness, I knew I had landed in the right place. Not because I wanted a discounted gym membership or to make employees eat more broccoli, but because our CEO recognized the importance…

January 9, 2023

New Partners Named at Ketel Thorstenson, LLP

Ketel Thorstenson, LLP announces the addition of new Partners, Sarah Davis, CPA and Jeff Yennie, CPA. Both Davis and Yennie work in the Rapid City office.  Davis joined the firm’s Client Accounting Service (CAS) team in 2013. Sarah specializes in the hospitality and construction industries. She is also the CAS…

January 3, 2023

New Tax Director Named at Ketel Thorstenson, LLP

Ketel Thorstenson, LLP announces the addition of new Tax Director, Tom Alvarez, CPA, in the firm’s Rapid City office. Alvarez recently moved to the Rapid City area with his wife and son and is excited to be closer to family. With the addition of Alvarez, Ketel Thorstenson and its…

December 16, 2022