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> Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
> Adult Protective Services (APS
Adult Protective Services includes the 24-hour, 365 days a year access to assistance and/or referral with reports of physical, sexual or emotional abuse, neglect by caretaker, self-neglect, exploitation and abandonment.
While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. South Dakota accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in South Dakota, you could straighten everything out quickly.
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in South Dakota
Total Internal Revenue collections [2]
4,110,607
Corporation income tax [3]
443,229
Total [4,5]
3,592,930
Income tax not withheld and SECA tax [4,5]
1,200,948
Induvidual income emploment taxes withheld and FICA tax [4]
2,371,331
Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.
There are four types of South Dakota accountants:
Public Accountants
Management Accountants
Government Accountants
Internal Accountants
Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.
Our South Dakota Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.
Some typical issues South Dakota Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our South Dakota Accountants
If you live in the following cities and need an accountant, you should contact our South Dakota Accountants as soon as possible:
Aberdeen
Brookings
Huron
Mitchell
Pierre
Rapid City
Sioux Falls
Spearfish
Vermillion
Watertown
Yankton
Did You Know?
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.
South Dakota Audio & Video
Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002
Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants. Source: National Public Radio
South Dakota External Sites
RUS PASD South Dakota Page
South Dakota Field Accountant Information. Mr. Douglas C. Henry PO Box 1412 Sioux Falls, South Dakota 57101-1412 (605) 977-3879 cell phone:(605) 321- RUS PASD Iowa Page
Iowa Field Accountant Information ... Sioux Falls, South Dakota 57101-1412 (605) 977-3879 cell phone:(605)321-7287 e-mail: doug.henry@usda.gov ...
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Latest News
Latest accountant news in South Dakota and nationwide:
Jul 31, 2006 - FASB To Simplify Accounting For Separately Recognized Servicing Assets And Liabilities
The FASB today issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets. T... Read more >
Jul 14, 2006 - F.E.R.C, Strengthens Customer Protection, Facilitates Investment In Electricity Industry
The Federal Energy Regulatory Commission today harmonized provisions of two key Energy Policy Act of 2005 rulemakings addr... Read more >
Legal Disclaimers The information provided on Accountants South Dakota.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.