On March 20, 2025, the IRS released new FAQs covering the income tax reporting of Employee Retention Credit (ERC) claims. According to the IRS, taxpayers will no longer be required to amend a prior year income tax return to adjust the wage expense as a result of an ERC…
On March 21, FinCEN issued an interim final rule that removes the requirement for businesses registered in the U.S. and U.S. persons to report their beneficial ownership information (BOI) to FinCEN. This is a major change, as the previous Corporate Transparency Act required most registered businesses to file…
There have been major developments concerning Beneficial Owner Information (BOI) reporting in the last two days. The BOI report is once again required. The new deadline for filing the BOI report is March 21, 2025, for those businesses which were originally required to file by January 1, 2025. On February…
The Internal Revenue Service (IRS) and the State of California have introduced tax relief measures for individuals and businesses impacted by the recent wildfires and straight-line winds devastating southern California. Extended Filing and Payment Deadlines Those located within the designated disaster area now have until October 15, 2025,…
BOI Injunction Reinstated – Effective 12/26/24 There has been another update to the Beneficial Owner Information (BOI) reporting saga. Just three days after the nationwide injunction was lifted, on December 26th, the U.S. Court of Appeals for the Fifth Circuit reinstated the nationwide injunction. This means that as of December…
Please join us on December 19th for the latest accounting updates in the construction industry. RSVP by December 12th by emailing Sadie Snyder. We hope you can join us!…
We are hosting a Nonprofit Lunch & Learn in partnership with Advance Casper on Tuesday, November 12th from 12-1pm at Casper College. Please RSVP for this event by emailing [email protected]. Audit Partner Jeff Yennie, CPA, CVA, and Audit Manager Nick Michael, CPA, CFE, will present on…
Please join us for a Hospitality industry lunch and learn on November 12th from 12pm-1pm at our Rapid City office, 810 Quincy Street. Lunch will be provided for in person attendees, but space is limited. Please RSVP by November 5th for the in person or online viewing option by emailing…
It is with a mix of gratitude and sadness that I announce the retirements of two of our firm’s esteemed colleagues, Denise Webster and Perry Kudrna. Their combined decades of service have shaped our firm into the respected organization it is today. Tax Partner Denise Webster, our first female…
Hey, High School Graduates! Ready to take on college without the financial stress? The Dakota Corps Scholarship is your ticket to success! The Dakota Corps Scholarship for students entering college in the coming year provides full tuition and generally applicable fees to selected qualified applicants seeking degrees that…
