Inside Business: Brady, Martz & Associates - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Inside Business: Brady, Martz & Associates

Brady, Martz and Associates has come a long way from its humble beginnings in Grand Forks in 1927. "We have five offices, four in North Dakota: Bismarck, Minot, Dickinson, and Grand Forks North Dakota, and then an office in Thief River Falls, Minnesota," said CPA Stacy DuToit.

About 160 people work for the accounting firm, and each one of them is working evenings and weekends this time of year. Every April is a crazy time for accountants, but this year the crunch is even worse, due to the last minute 2012 tax code uncertainties, courtesy of Congress and the Obama administration.

"This has been an unusual filing season in that usually we know what the tax law is going in to a filing season before it starts and this year Congress enacted some legislation in early January that impacted the 2012 tax year. So we started off a little behind with the IRS needing time to adapt their forms and the filing season this year has been very compressed," DuToit said.

DuToit says that although technology has impacted the accounting business, like it has every other business, they still have to do a lot of work the old fashioned way, with pencil and paper.

"To some extent it`s going paperless, but by the same token everyone still receives their W2 in a paper format and their 1099 in a paper format, so it`s not there yet. It`ll get there where everything rolls in paperlessly."

It`s not just taxes that have Brady Martz hopping. The firm does traditional tax accounting for corporations and individuals, they provide payroll services to many small businesses, and they also perform audits for governmental entities. And the population boom in western North Dakota is making things busier as well.

"Obviously there`s more people in the state, there`s more returns that need to be filed. But beyond that we`ve seen a lot of small businesses in these communities being impacted where they`ve had time and they`ve essentially outgrown their accounting systems or outgrown their accounting staff and they`re looking to outsource those functions."

The Bismarck office of Brady Martz also takes advantage of being located in the Capitol City, which presents opportunities to do a lot of work for state agencies.

DuToit says the firm supports other businesses in downtown Bismarck by providing them with a local accounting firm they can walk to.

Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.