Broadcaster Press 3 January 23, 2018 www.broadcasteronline.com ‘Ask A CPA’ Program Scheduled for Jan. 25 Local Optimist Club To Sponsor Essay Contest For Students SIOUX FALLS, S.D. (January 25, 2017) — The South Dakota CPA Society is once again sponsoring “ASK A CPA”, a call-in program to give the public an opportunity to ask a certified public accountant (CPA) about business and personal tax matters, planning for yearend, general business and accounting issues, referrals and other financial concerns. The event takes place THURSDAY, JANUARY 25TH, 2018, from 6:00 PM to 8:00 PM (CST). In addition to the call in program, we have created some online resources from previous asked questions, along with some information on the New Tax Law. The online resources can be found on the Society website at www.sdcpa.org. The online resource allows the public the ability to get answers to frequently asked questions anytime. The intent of the “ASK A CPA” organizations and others. The following outlines some key provisions included in the Act. This is a unique opportunity to visit with a tax professional about what this legislation means to them. The interstate toll free telephone number is: 1-888-3SD-CPAS (1-888373-2727) The South Dakota CPA Society is a membership organization of nearly 900 certified public accountants, most of whom live and work in South Dakota. They are employed in all areas: CPA firms, business, government and education. SDCPAS offers a variety of programs and services for members and non-members. For more information about the organization or “ASK A CPA” please contact: South Dakota CPA Society 5024 South Bur Oak Place, Suite 108, Sioux Falls, SD 57108 605-334-3848. program is to assist individuals and small business owners who don’t typically hire a CPA with questions regarding tax and financial situations. CPAs help ensure the correct amount of tax is being paid and that income, deduction and credits are properly reported. New tax laws and their potential benefits are also of interest and value to many. If you have lost or changed jobs, expanded your family, purchased or sold property or experienced any other life changing event during 2017, ASK A CPA may be able to help you understand the changing and complex tax rules for individuals and businesses. The recently enacted tax reform legislation represents the most significant overhaul of our tax laws in over 30 years. The Act contains substantial changes to the taxation of businesses, individuals, multi-national companies, tax-exempt The Optimist Club of Vermillion is encouraging area students to contemplate the phrase “Can Society Function Without Respect?” as part of the Optimist International Essay Contest for the 2017-2018 school year. The Vermillion Optimist Club will judge the local students’ essays, based on the theme of “Can Society Function Without Respect?” and determine the top contestant. The winning Essay contestant will receive a $100 gift card and certificate and the winning essay will be sent to the DMM District level where college scholarships are available for top winners. “Young students today have so many fresh ideas about the world and their future,” Club President Dennis V. Steffen said, “As Optimists, it is our goal to encourage them and do what we can to bring out the best in each of them. This gives them a wonderful opportunity to tap into their creativity and pursue possible scholarships at the same time.” The Vermillion Optimist Club of Vermillion has been participating in the Optimist Essay Contest since we were Chartered in July 2016 and has been active in the community since then. Other programs and service projects that the Club is involved in include Youth Appreciation Week, Oratorical Contest, Respect for Law, Robotics, Local 4-H Yankton, SD – January 18, 2018 - First Dakota National Clubs, TLC Toys @ Parade of Lights, VPD wrap and shop Bank will host AgriVisions 2018 featuring Kevin Van with a Cop, Library Week, support local swim and softball Trump on Thursday, February 15, at the Best Western teams to name a few. Kelly Inn, 1607 East Highway 50, Yankton, SD with regisStudents must be 18 and younger by Oct. 1, 2017 and tration beginning at 6:30 pm and Mr. Van Trump presentthose wishing to participate in the essay contest can find ing at 7:00 pm. Farmers, Agri-Business professionals and out more about the contest by contacting President Denbusiness owners are invited to attend. Nate Franzen, president of First Dakota’s Agri-Business nis V. Steffen @ 605-760-3034 or dennisbigd2000@yahoo. com Deadline to enter is Feb. 10 and sent by e-mail in a Division, states, “Mark Thursday, February 15, on your Word document. An application also can be found on the calendar and plan to attend AgriVisions 2018. Kevin Van Optimist website at www.optimist.org under scholarship Trump is a leading expert in Agricultural marketing and contest. analysis. Plan to join us at AgriVisions 2018.” Optimist International is Van Trump is a leading expert in Agricultural marketone of the world’s largest ing and analysis, he also produces an award-winning and service club organizations world-recognized daily industry Ag wire called "The Van Trump Report." With over 20 years of experience trading with 93,000 adult and youth members in 3,200 clubs in professionally at the CME, CBOT and KCBOT, Kevin is the United States, Canada, able to 'connect-the-dots' and simplify the complex movthe Caribbean and Mexico ing parts associated with today's markets in a thought and throughout the world. provoking yet easy to read format. With thousands of Carrying the Mission daily readers in over 40 countries, Kevin has become Statement “By providing a sought after source for market direction, timing and macro views associated with the agricultural world. Kevin hope and positive vision, is a top featured guest on many farm radio programs and Optimists bring out the best in youth, our combusiness news channels here in the United States. Kevin Thank You is currently the acting Chairman of Farm Direction, an in- munities and ourselves,” Thank you to the Vermillion Community, especially Bank ternational organization assembled to bring the finest and Optimists conduct posiof the West, CorTrust Bank, most current agricultural thoughts and strategies directly tive service projects that 1st Bank and Trust, First to the world's top producers. The markets have dramati- reach more than six million Dakota Bank and Vermillion young people each year. To cally changed and Kevin is trying to redefine how those Federal Credit union for their learn more about Optimist in the agricultural world can better manage their risk and matching contributions to the International, please call better understand the adversity that lies ahead. Vermillion Emergency Fund (314) 371-6000 or visit the AgriVisions 2018 begins with registration from 6:30 – Salvation army Bell Ringing organization’s website at campaign. With your help 7:00 p.m. and Mr. Van Trump’s presentation at 7:00 p.m. we were able to raise over An ice cream social will follow the presentation. Please go www.vermillionoptimist. $15,000 during the holiday to FirstDakotaAg.com to register online today. Or call us, club or our facebook page. season. This wil be vital in at 605-665-4904 or 800-657-5826, to reserve a seat. assisting our community First Dakota was founded in 1872 and holds the first members in need. bank charter issued in Dakota Territory. It has 19 fullservice banking locations in 14 South Dakota cities. It also has six loan production offices throughout South Dakota Bergen Lutheran Church and Nebraska. Online Resource First Dakota Hosts To Connect Custom Feeding Agrivisions 2018 Partners BROOKINGS, S.D. - Custom cattle feeding can be a win-win strategy when done correctly. "Feeding someone else's cattle provides a method to market feedstuffs without tying up the capital required to own the livestock," said Warren Rusche, SDSU Extension Beef Feedlot Management Associate. Rusche explained that custom feeding arrangements allow cattle owners access to management expertise and facilities they may not possess, opportunities to capitalize on superior genetics and options in the event of feed shortages. Connecting cattle feeders with interested cattle owners can happen in a number of ways, Rusche went on to say. "Word-of-mouth, allied industry contacts and advertisements are common methods," he said. Currently, SDSU Extension is developing an online resource for cattle feeders who are interested in custom feeding cattle. If you are interested in being listed in that directory, view the Beef article here. "As with any business arrangement, both parties need to do their homework and ask the right questions," Rusche said. "Most deals that end up badly do so because of lack of communication and due diligence at the outset." Not all ranches or cattle are alike, so it stands to reason that not every feedlot is suited to every customer and every type of cattle. "For example, an operation that uses cattle feeding to add value to large amounts of high-moisture corn is not likely to be a great fit for someone needing replacement heifers developed," Rusche said. If a customer has a particular business model in mind (i.e. high-risk calves, carcass data with grid marketing, etc.), they need to make sure that the cattle feeder understands how to manage that particular class of cattle. There's an old saying that good fences make good neighbors. "The same could be said about written agreements," Rusche said. "Having a written agreement forces everyone to think about the entire transaction, what could go wrong, and how those concerns will be addressed." Written contracts help to ensure there are no disagreements about who said what and what was agreed upon. Written contracts also establish the framework to resolve conflicts if any arise. Any cattle feeder will tell you that not all calves are created equal and that there is considerable variation between sources and management systems. "There should be a frank discussion about everyone's goals and expectations are for performance, sickness rates and death losses and whether or not those expectations are realistic," Rusche said. Before sending cattle to a custom feedlot, the owner should make sure that all the necessary resources are in place. "Facilities and equipment don't need to be gold-plated, but they do need to be functional," Rusche said. He added that the level of experience and the caliber of any outside expertise, particularly nutritionists and veterinarians, should be assessed as well. "Talking with individuals who have knowledge of the operation could provide valuable insight into a feeder's capabilities," Rusche said. There is enough risk in the cattle business already without letting someone else's financial difficulties becoming your own. "Not getting paid for feed (or cattle) obviously can cause significant financial harm. Making sure that agreements are in writing is a necessary first step, but setting up communication between both parties' lenders provides an additional level of security," Rusche said. Pancakes & Sausage Lunch Sunday, January 28 • 11:00 - 1:00 Thank You! To my friends, neighbors, colleagues and countless others who made the benefit such an overwhelming success. Special thanks to the committee and volunteers who worked so long & hard to put it all together, especially Gwen Nelson, Pam Bernard, Marvin & Pat Girard, Donna & Daryl Hendrickson, Clarence Pederson, Mojo, Laurie Brown, The Legion and so many others. The donations of art, music and merchandise was amazing. It’s great to see so many friends and best of all many new friends were made among the Wakonda & Vermillion communities. Ellen & I are forever thankful for your generosity and kindness. Thank you, Nick Schwebach VCDC Governmental Affairs Committee presents: Cracker Barrels with your Representatives SatuRday JanuaRy 27th & FeBRuaRy 17th 9-11 am Vermillion City Hall Council Chambers Sponsored by Vermillion Area Chamber and Development Company, League of Women Voters, Clay County Republicans, Clay County Democrats Advertise with the... 201 W. Cherry, Vermillion 605-624-4429 Save-the-date: Business Day at the Legislature Thursday, February 22nd in Pierre th Dakota C Business Luncheon Series with Sou VCD r President, David Owen Chambe March 15th at 11:30am Contact us for more information at vcdc@vermillionchamber.com Bergen Lutheran Church • Timber Rd & Bergen Ave. FREE WILL DONATION All proceeds to Gayville-Bergen Youth: 2018 National Youth Gathering Fund, Houston, TX We have 21 youth and adults going to Houston next June. Join us for some pancakes & conversation! The Green Wynot Nebraska Bar & Grill New Owners Michele & Travis Koehler Hours: Formally the Green Diamond Wednesday: 4:00 pm – 10:00 pm Watch for food and drink specials! Thursday: 4:00 pm – 11:00 pm Friday: 4:00 pm - 1:00 am Saturday: 11:00 am to 1:00 am Sunday: 12:00 pm to 10:00 pm Parents and Teachers of St. Agnes School invite you to a Ham Dinner To Kick Off... Catholic Schools Week Sunday, January 28,31st 2018 11:00 AM - 12:30 PM St. Agnes Gym Adults $8 • Students $4 8 Children under 3 are Free Delivery and To Go Dinners are Welcome! Call 624-4144 ParticiPate in the "Silent auction" beginning at 11 a.m. & "live auction" beginning at 12 noon! there will alSo be gameS and craftS for the kidS!