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Don't LIKE numbers? WE do.
At Casey Peterson, Ltd., we understand not everyone loves the complexities of accounting like we do. That is what sets us apart from the rest. Our CPAs, accountants, and financial advisors truly love numbers, solving problems, and creating business and financial strategies for our clients.
With locations in Rapid City, SD and Gillette, WY, we are positioned to serve clients all across the country. Our experts are highly trained in a wide variety of services and industries. At Casey Peterson, Ltd., we pride ourselves on giving back to our communities and maintaining a reputation as one of the most trusted and reliable accounting firms in the region.
Casey Peterson, Ltd. News
Taxation of Social Security Benefits
07/2/2018
Social Security benefits are taxed depending on your other income. In the worst-case scenario, 85% of your benefits would be taxed. This does not mean you pay 85% of your benefits back to the government in taxes, but you would include 85% of them in your income subject to your regular tax rates.
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Taxation of Lottery Winnings
06/25/2018
There are several tax considerations when winning a lottery, as well as important nontax considerations, you should take into account. How lottery winnings are taxed. Lottery winnings are taxable for both cash winnings and for the fair market value of noncash prizes, such as a car or vacation. Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37%. Your lottery winnings may also be subject to state income tax. Thus, depending on where you live, your total tax bill could be as high as 50%, or more. You do not get any capital gains rate break for lottery winnings, nor is there any income averaging to help lower your tax bill.
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Deducting the Costs of a Spouse on a Business Trip
06/18/2018
The rules for deducting a spouse's travel costs are very restrictive. To qualify, your spouse must be your employee. Therefore, you cannot deduct the travel costs of a spouse, even if his or her presence has a bona fide business purpose, unless the spouse is an actual employee of your business. This requirement prevents deductibility in most cases.
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We’re looking for clients who believe in good customer service. Clients who want CPAs, accountants, and financial advisors who are big picture thinkers and ethical problem solvers. We’re looking for relationships, not transactions.
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