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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
South Dakota increases its minimum wage.
12/20/2018
Effective January 1 of each year, South Dakota increases its minimum wage rate to reflect an increase in the cost of living. This increase, which is 2.7 percent for 2019, is determined by the Consumer Price Index, a measure of changes in the purchasing-power of currency and the rate of inflation. South Dakota’s minimum wage will increase from $8.85 to $9.10 per hour in 2019.
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Replacement Cost Method for Valuing Vehicle Parts inventory
11/19/2018
There is an important tax accounting development that could reduce your recordkeeping and accounting burdens. As you may be aware, many automobile dealers value their inventories of auto parts at the amount it would cost to buy replacement parts rather than at “actual cost.”
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New Credit Legislation
11/1/2018
Recently, as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018, Congress made several changes to credit rules that benefit consumers. Under the new law, consumers are now allowed to "freeze" and "unfreeze" their credit reports free of charge at all three of the major credit reporting bureaus, Equifax, Experian, and TransUnion. The law also extends free credit freeze protection to children under age 16 and increases initial fraud alert protection to one full year (previously, fraud alerts expired after 90 days unless they were renewed).
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