How Much Should a South Dakota Business Keep in Cash Reserves?
Keeping money in the bank helps business owners sleep well at night. Running a company in Sioux Falls or managing operations across Lincoln County brings daily financial choices. Setting aside the right amount of cash keeps work moving smoothly when…
Read moreHow to Set Up Accounting for a New Sioux Falls Business in the First 90 Days
The first 90 days of a new business move fast. You are setting up your space, chasing your first clients, and figuring out how to run the whole operation at once. Accounting usually gets pushed to the back of the…
Read moreLLC vs. S-Corp in South Dakota: When Does an S-Corp Election Actually Make Sense?
Every single week, local business owners in Sioux Falls ask us if they should switch their business to an S-corporation. Many have heard from another owner that an S-Corp tax election is an easy way to pay less in tax….
Read moreSouth Dakota Contractor Exemption Certificates: A Practical Guide for Prime Contractors and Subs
Running a building site in Sioux Falls takes hard work. You direct crews, order parts, and manage tight build schedules every single week. Then a supplier asks for an exemption form out of nowhere. It stops progress right in the…
Read moreSouth Dakota Contractor Excise Tax vs. Sales Tax: What Contractors Need to Know
Running a trade business in South Dakota means dealing with a tax setup that catches many tradespeople off guard. Most states charge sales tax on completed work or retail goods. South Dakota works differently. Our state imposes a dedicated contractor…
Read moreSection 179 tax deductions for Lincoln County farm equipment, EDG CPA
Farm equipment costs a lot. A new combine or tractor can easily run into six figures, and producers around Canton know that pinch all too well, the one that hits right after a big purchase clears the bank account. This…
Read moreFarm Income Averaging Explained: A Guide for Canton and Lincoln County Producers
Farming income doesn’t move in a straight line. One year the crop yield is high and prices are good. The next year, a drought or a market dip cuts profits in half. That kind of swing can push a farmer…
Read moreHarrisburg School District Growth and What It Means for Local Family Finances
Property values near Harrisburg keep climbing, and there’s a reason for that. The school district has grown fast over the last decade, pulling in young families looking for strong schools and a close-knit community within easy reach of Sioux Falls….
Read moreNew Home in Harrisburg? What First-Time Buyers Should Know About Property Taxes and Deductions
Buying your first home in Harrisburg feels great, doesn’t it. Then the tax bill shows up and suddenly it’s not someone else’s headache anymore. It’s yours. At EDG CPA, we hear this from new homeowners constantly. Tax bills catch them…
Read moreWhy Harrisburg’s Population Boom Means You Need a Tax Plan, Not Just a Tax Preparer
Harrisburg is growing fast, and that growth is changing the financial picture for a lot of families and business owners. New residents, new jobs, new housing developments. It all sounds great on paper. But here’s the catch: more growth usually…
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