Leading the Way.
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
Renting a Home to a Relative
06/15/2018
If you rent a home to a relative who (1) uses it as his or her principal residence (that is, not just as a second or vacation home) for the year, and (2) it is rented at fair rental rate (not at a discount), then no limitations apply. You can deduct all the normal rental expenses, even if they result in a rental loss for the year. If you have a loss, however, it is a "passive" loss, which may be subject to a different set of limitations.
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Casey Peterson, Ltd. wins Top Wealth Advisory Firm award.
06/5/2018
Rapid City, SD, May 23, 2018 – Local CPA firm, Casey Peterson, Ltd. has been awarded the 2017 Top Wealth Advisory Firm from HK Financial Services (HKFS). Casey Peterson, Ltd. earned this award by helping clients with wealth management planning. Casey Peterson, Ltd. works closely with HKFS to provide independent and objective financial services to their clients. Congratulations, Casey Peterson, Ltd.
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Is your worker an independent contractor or employee?
05/29/2018
The question of whether a worker is an independent contractor or employee for federal income and employment tax purposes is a complex one. It is intensely factual, and the stakes can be very high. If a worker is an employee, the company must withhold federal income and payroll taxes, pay the employer's share of FICA taxes on the wages plus FUTA tax, and often provide the worker with fringe benefits it makes available to other employees. There may be state tax obligations as well. These obligations do not apply for a worker who is an independent contractor. The business sends the independent contractor a Form 1099-MISC for the year showing the amount paid to the contractor (if the amount is $600 or more), and that is it. Who is an “employee?” There is no uniform definition of the term.
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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.
If you want the same, we should talk. Let's get in touch.