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Stories tagged as "in the news"


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Your need-to-knows about the most recent QuickBooks Desktop changes

May 29, 2024, 11:37 AM

​If you use QuickBooks Desktop, Intuit recently made some changes that could affect you and your business.
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6 ways to know if your workers are independent contractors

Apr 30, 2024, 3:24 AM

If you employ independent contractors, there's a new rule that might impact you. And if you get it wrong, you could end up violating the minimum wage and overtime provisions of the FLSA.
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The Season Finale of the Employee Retention Credit?

Feb 7, 2024, 12:00 PM

​On the last episode of “As the Employee Retention Credit Turns,” we wrote about what to do if your business needs to withdraw an ERC claim. Well, there’s been an update (plot twist?), and it has an expiration date: March 22, 2024.
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If you're an ag producer, here's how to prep for your tax appointment

Jan 15, 2024, 8:06 AM

Handwritten ledgers, notebooks, farm tax books, or software are all just fine for record-keeping. But maybe keep the boot box at home.
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​IRS 2024 mileage rates up a little for business, down a little for medical and military moving

Dec 19, 2023, 6:44 AM

It’s that time of year: Lights, presents, resolutions … and the IRS’s release of standard mileage rates. Once again, there’s a slight bump for business use in 2024. Mileage for medical and moving purposes for qualified active-duty military members dropped a penny.
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File Your Business 1099 for Free

Dec 18, 2023, 6:32 AM

If you own a business of any size, you can file your Form 1099 for free using the IRS's Information Returns Intake System.
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​What to Do If Your Business Needs to Withdraw an ERC Claim

Dec 12, 2023, 3:08 AM

Recently, the IRS released a process for taxpayers who want to withdraw an ERC claim they previously filed. It’s the agency's attempt to help those who ERC mills misled.
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Don't Forget to Take Your RMDs Before the End of 2023

Dec 8, 2023, 2:10 AM

Required minimum distributions rules can get confusing. So, here's a quick-hit explainer and a reminder to take your RMDs before the end of the year if you fit the requirements.
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South Dakota's Minimum Wage Increasing in 2024

Dec 4, 2023, 10:13 AM

Employees making minimum wage in South Dakota will see a 40-cent bump — to $11.20 an hour — starting Jan. 1, 2024.
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​IRS’s Direct E-File Program Will Be Available in South Dakota and Wyoming

Nov 20, 2023, 10:17 AM

Tired of paying your accountant for a simple tax return? The IRS might have just the thing. Provided you live in the right state. The IRS is testing a program in 2024 that will allow taxpayers to prep and file their taxes directly with the agency. All without having to use a third-party tax provider. South Dakota and Wyoming are part of the pilot program.
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At Casey Peterson, LTD, we understand not everyone loves the complexities of accounting like we do. That's 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.

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