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South Dakota: The Ultimate CPA Resource for Business Tax Services in the state

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Why are online CPAs a better option in South Dakota ?

Anyone who has used the services of South Dakota CPA firms is probably familiar with the expensive and time-consuming process of searching through your records for anything pertaining to taxes, like receipts, spreadsheets, band statements, etc., and bringing it all to the office of a CPA offering tax services in South Dakota. Then you go through everything with the CPA for several hours or more until the CPA has prepared your tax return. After that, you would need to sign the papers authorizing the South Dakota CPA to file your taxes in your state and pay the CPA a significant sum of money for their services. If you're lucky, you would receive an IRS tax refund some weeks later that would be at least as much as your fee for the CPA services. This is no longer the only option for taxpayers to have access to the services of a tax expert that can help them navigate the complicated process of filing taxes and hopefully save them money, too. Digital technology and the internet have revolutionized every aspect of our lives, including how we file taxes, and you can now find online CPA firms in South Dakota that are more efficient and cost-effective than any brick-and-mortar South Dakota CPA firms. It may not be a surprise that South Dakota CPA services online are available and may be a better option, considering the fact that we can have a video call with a friend 2,000 miles away or order just about anything in the world to be delivered to our homes. One thing not everyone knows, however, is that keeping manual records of your deductible business expenses and keeping all your receipts is no longer necessary to file your taxes. There's an app for that, and online CPA services in South Dakota are part of it. And this app uses A.I. to automatically track and keep a record of all your expenses, so it can identify each and every tax write-off. When it's time to file your taxes, records of every transaction and every tax deduction are already stored in the app. And, FlyFin's team of expert tax CPA consultants is there for you anytime you need them in the app. They're available for unlimited questions about your deductions, tax filing or any tax question with over 100 years of combined experience in freelancer taxes. Their deep knowledge of the South Dakota tax system extends to business incorporation structures such as LLCs, S Corps, C Corps, sole proprietorships and partnerships.

Facts and figures about
taxes in South Dakota

1,741

CPAs across the state

south-dakota
population

886,667

Residents as of 2022

population

60,300

People claiming self- employment tax deductions

population

36,790

S-Corps statewide

population

20,240

People taking itemized deductions

population

78,990

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 South Dakota CPA for every 300 residents.

😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.

😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.

😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

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How to set up an LLC in South Dakota

South Dakota State Income Tax Rates & Brackets for 2023

The following tables represents South Dakota's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

n.a

none

MARRIED FILING JOINTLY

Brackets

Rates

n.a

none

Filing Status

Standard Deduction Amt.

Single

n.a.

Couple

#VALUE!

South Dakota State Sales Tax Rates for 2023

County

Tax Rate

Aurora County

6.50%

Beadle County

6.50%

Bennett County

6.50%

Bon Homme County

6.50%

Brookings County

6.50%

Brown County

6.50%

Brule County

6.50%

Buffalo County

4.50%

Butte County

6.50%

Campbell County

6.50%

Charles Mix County

6.50%

Clark County

6.50%

Clay County

6.50%

Codington County

6.50%

Corson County

6.50%

Custer County

6.50%

Davison County

6.50%

Day County

7.50%

Deuel County

6.50%

Dewey County

6.50%

Douglas County

6.50%

Edmunds County

6.50%

Fall River County

6.50%

Faulk County

6.50%

Grant County

6.50%

Gregory County

6.50%

Haakon County

6.50%

Hamlin County

6.50%

Hand County

6.50%

Hanson County

6.50%

Harding County

6.50%

Hughes County

6.50%

Hutchinson County

6.50%

Hyde County

6.50%

Jackson County

6.50%

Jerauld County

6.50%

Jones County

6.50%

Kingsbury County

6.50%

Lake County

6.50%

Lawrence County

6.50%

Lincoln County

6.50%

Lyman County

6.50%

Marshall County

6.50%

Mccook County

6.50%

Mcpherson County

6.50%

Meade County

6.50%

Mellette County

6.50%

Miner County

6.50%

Minnehaha County

6.50%

Moody County

6.50%

Oglala Lakota County

4.50%

Pennington County

6.50%

Perkins County

6.50%

Potter County

6.50%

Roberts County

6.50%

Sanborn County

6.50%

Spink County

6.50%

Stanley County

6.50%

Sully County

6.50%

Todd County

6.50%

Tripp County

6.50%

Turner County

6.50%

Union County

6.50%

Walworth County

6.50%

Yankton County

6.50%

Ziebach County

6.50%

South Dakota State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

443,220

218,250

172,920

43,250

828,690

32,502,736

436,000

33,016,602

358,670

19,678,143

64,270

823,402

36,790

3,286,625

20,730

178,753

41,350

30,820

123,750

32,651

20,240

1,517,028

2,840

61,016

16,070

35,496

78,990

782,731

22,960

13,442

100,460

260,930

60,300

222,920

58,700

126,336

17,910

16,626

74,330

107,764

322,730

4,192,164

7,310

15,035

11,810

71,716

88,040

768,089

339,210

1,186,506

Under $1

14,940

9,720

4,030

870

23,600

0

7,730

0

3,130

96,263

2,610

0

1,950

0

1,040

7,629

370

258

2,660

687

0

0

0

0

0

0

0

0

0

0

0

0

1,870

6,076

1,260

2,065

250

241

6,080

9,079

2,030

6,457

60

107

0

0

1,070

3,210

9,510

28,574

$1 under $10,000

55,840

46,850

4,350

3,990

54,160

274,380

55,830

285,708

42,470

230,771

5,450

14,983

930

0

910

4,169

790

545

5,240

1,201

350

11,031

20

44

280

234

130

26

0

0

20

25

5,110

3,890

15,880

18,333

1,940

1,714

13,320

20,962

6,580

4,294

0

0

0

0

3,170

1,767

45,860

60,385

$10,000 under $25,000

71,180

50,940

9,170

9,670

97,380

1,232,428

71,180

1,256,214

56,430

914,060

8,460

53,502

1,710

421

1,780

7,554

3,040

2,052

11,090

2,733

920

28,107

60

156

770

659

4,790

3,286

710

233

4,980

1,858

7,800

12,736

19,000

55,875

4,060

3,564

15,160

23,530

40,210

33,434

20

10

0

0

6,600

6,903

61,270

159,423

$25,000 under $50,000

108,670

65,120

21,670

18,380

180,850

3,998,098

108,670

4,056,007

94,310

3,216,073

11,670

101,940

3,470

11,631

3,010

16,487

11,850

8,315

22,660

5,672

2,430

71,991

170

461

1,920

2,353

13,200

20,775

3,940

2,255

26,060

36,694

10,250

25,070

21,380

49,414

3,400

2,980

14,510

20,621

88,270

212,667

0

0

0

0

14,200

21,126

93,570

258,870

$50,000 under $75,000

65,460

28,050

28,840

6,800

132,040

4,023,728

65,460

4,086,098

55,070

2,941,276

9,880

109,489

4,150

32,889

2,780

19,442

8,860

6,670

20,700

5,457

2,860

84,625

270

818

2,300

3,309

13,570

36,708

3,590

2,037

19,120

49,919

9,150

27,881

1,170

649

2,100

2,002

8,340

10,754

60,270

289,257

10

20

0

0

14,790

33,639

50,430

146,142

$75,000 under $100,000

44,270

8,990

32,740

2,000

110,330

3,845,458

44,270

3,902,521

37,120

2,684,749

8,170

103,287

4,180

44,145

2,310

18,471

6,820

5,312

18,280

4,926

2,270

72,562

280

1,177

1,830

2,950

12,150

43,071

4,750

2,983

16,500

54,581

7,530

25,775

0

0

1,930

1,895

6,380

7,299

42,900

302,759

10

9

0

0

12,370

37,233

31,770

107,430

$100,000 under $200,000

63,490

6,540

55,250

1,270

176,240

8,446,807

63,490

8,581,100

53,990

5,701,213

12,890

230,263

10,790

262,629

4,620

45,383

9,630

7,668

33,530

9,261

5,200

181,038

790

4,938

4,170

9,035

22,790

143,827

8,280

4,999

27,630

96,169

12,540

61,662

0

0

4,230

4,230

10,380

15,424

63,110

903,045

330

90

130

66

24,970

131,893

38,390

165,344

$200,000 under $500,000

15,240

1,570

13,350

230

42,730

4,370,578

15,240

4,469,725

12,710

2,246,460

3,900

158,120

6,600

620,880

2,870

37,951

0

0

8,120

2,296

4,030

173,148

680

9,320

3,240

9,704

9,290

172,140

1,470

801

6,100

21,623

4,490

41,110

0

0

0

0

160

95

15,230

734,190

4,670

3,602

7,990

9,815

8,600

156,356

6,590

75,444

$500,000 under $1,000,000

2,740

310

2,370

40

7,650

1,869,806

2,740

1,904,249

2,280

761,067

790

51,904

1,870

515,808

880

13,062

0

0

1,050

297

1,350

87,073

290

7,252

1,030

3,457

1,960

76,960

190

115

30

61

1,020

12,121

0

0

0

0

0

0

2,740

438,997

1,490

4,408

2,440

11,740

1,520

90,279

1,220

43,320

$1,000,000 or more

1,390

160

1,180

20

3,710

5,424,206

1,390

5,442,459

1,160

886,211

450

32,625

1,150

1,975,299

530

8,605

0

0

440

121

850

807,453

300

36,850

540

3,795

1,100

285,938

40

19

0

0

530

6,599

0

0

0

0

0

0

1,390

1,267,064

720

6,789

1,250

50,095

760

285,683

620

141,574

Frequently Asked Questions

How does South Dakota tax filing work online?

Exactly what is a South Dakota CPA?

What does an online South Dakota Certified Public Accountant do?

How do FlyFin Smart CPAs work online?

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Ask a CPA in Counties of South Dakota

FlyFin CPAs save freelancers more on taxes

Self-employed individuals are responsible for every aspect of their taxes, unlike W-2 employees, from knowing how much to pay to keeping all the records they need to comply with IRS regulations and save as much money as possible on taxes. FlyFin was built to be the only tax resource self-employed taxpayers need, with A.I. that automatically organizes all your business expenses and identifies every possible write-off and Smart CPAs that provide unlimited tax consultations at no cost to save taxpayers time and money, with self-employed individuals saving an average of $3,500.
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