Hunzelman, Putzier & CO., PLC

07/21/2022

Our accounting office here in Storm Lake is seeking a Staff Accountant to join our team in providing quality financial services to our clients. Responsibilities for this position would include performing monthly accounting for various businesses, payroll processing, general ledger account reconciliations, adjusting journal entries, preparation of financial statements, tax returns of all types, and assist with performance of audits and reviews on financial accounts.

Qualifications:
• Bachelor’s degree in accounting or finance
• Strong communicator with team members and clients
• Analytical and critical thinker
• Good time management and organization skills
• Strong attention to detail
• Strong computer skills
• Self-motivated
• Desire to pursue the CPA licensure is encouraged, but not required

Our firm is a small, family-oriented organization that values a flexible work culture. We encourage professional development and growth within our firm providing considerable advancement opportunities. We offer a competitive salary and benefits, great working conditions, and excellent over-time and comp time benefits earned during tax season. We also offer reduced office hours from May 1st to September 1st.

If you feel you would be a good fit for our team, please submit your resume to Steve Campbell, [email protected], Hunzelman, Putzier & Co., PO Box 398, Storm Lake, IA 50588.

07/21/2022

Our accounting office here in Storm Lake is seeking a highly qualified Senior Staff Accountant with experience in public accounting to join our team in providing quality financial services to our clients. Responsibilities for this position would include preparation and review of financial statements, tax returns of all types, and management of audits and reviews of financial accounts.

Qualifications:
• Bachelor’s degree in Accounting or Finance
• Experience in public accounting of 5 to 7 years
• Strong verbal and written communicator with both clients and staff
• Ability to mentor and train staff
• Ability to research tax issues and provide quality tax planning service
• Ability to multi-task and manage multiple deadlines

Our firm is a small, family-oriented organization that values a flexible work culture. We encourage professional development and growth within our firm providing considerable advancement opportunities. This person would have partnership opportunity within 1-5 years depending on abilities. We offer a competitive salary and benefits, great working conditions, and excellent over-time and comp time benefits earned during tax season. We also offer reduced office hours from May 1st to September 1st.

If you feel you would be a good fit for our team, please submit your resume to Steve Campbell, [email protected], Hunzelman, Putzier & Co., PO Box 398, Storm Lake, IA 50588.

09/22/2021

As the year winds down, you may want to consider creating an online account with the IRS. The third stimulus payment and any Advance Child Tax Credit payments you received will need to be reported on your 2021 tax return. By creating an IRS account, you will have direct access to this information which will be useful to your tax preparer come tax time.
Sign up for an online IRS account using this link:

08/11/2020

Due to COVID-19, many parents are hiring nannies and babysitters because daycare centers and summer camps have closed. This may result in federal “nanny tax” obligations. You may be liable for federal income tax, Social Security and Medicare (F**A) tax and federal unemployment tax. (Even if you don’t employ a nanny, you may owe nanny tax if you hire a maid or other household employee who isn’t an independent contractor). In 2020, you must withhold and pay F**A tax if your worker earns $2,200 or more. You pay nanny tax by increasing quarterly estimated tax payments or increasing withholding from wages, rather than making a lump-sum payment. Employment taxes are then reported on your return.

03/23/2020

10/29/2019

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70-1/2 or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity. A popular way to transfer IRA assets to charity is through a tax provision that allows IRA owners who are 70-1/2 or older to give up to $100,000 per year of their IRA distributions to charity. These distributions are called qualified charitable distributions, or QCDs. The money given to charity counts toward the donor’s required minimum distributions (RMDs) but doesn’t increase the donor’s adjusted gross income or generate a tax bill. Contact us for more information.

08/20/2019

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (or a SEP-IRA). It’s critical to carefully plan for withdrawals. For example, if you need to take money out of your traditional IRA before age 59-1/2, the distribution will generally be taxable. In addition, distributions before age 59-1/2 may be subject to a 10% penalty tax. (However, several exceptions may allow you to avoid the penalty tax but not the regular income tax.) And once you reach age 70-1/2, distributions from a traditional IRA must begin. If you don’t withdraw the minimum amount each year, you may have to pay a 50% penalty tax on what should have been taken but wasn’t.

08/01/2019

It’s back to school time! Remember that Iowa offers a tax credit for eligible K-12 expenses. Common eligible expenses include school registration, book rental fees, sports uniforms and shoes not suitable for street wear, and driver’s ed fees paid to a school. It’s an easy way to reduce your tax bill or increase your tax refund. Start a folder with your eligible expense receipts or a notebook where you jot down the expenses for tax preparation next year. This link has a chart detailing eligible and ineligible expenses.

Taxpayers who have one or more dependents attending Kindergarten through 12th grade in an accredited Iowa school may take a credit for each dependent for amounts paid for tuition and textbooks. Dependents must have attended a school in Iowa that is accredited under section 256.11, not operated for a...

07/10/2019

If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed. The answer depends on your other income. If you’re taxed, up to 85% of your payments will be hit with federal income tax. (There could also be state tax.) If you file a joint tax return and your “provisional income,” plus half your Social Security benefits, isn’t above $32,000 ($25,000 if unmarried), none of your benefits are taxed. If your provisional income is above those amounts, you must report a certain percentage of your benefits as income. Contact us for help with the exact calculations. We can also help you plan to keep taxes as low as possible during retirement.

04/11/2019

03/21/2019

Rock your socks off!! Supporting all those with Down syndrome!
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