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Get the most out of every acre and every financial opportunity, from complex tax issues and financial planning to succession planning and stock distribution. AGRIBUSINESS Click here to access your tax organizer documents. The agricultural accounting and finance experts. ELO CPAs & Advisors has been helping farmers and agribusiness owners protect, maintain and grow their operations for over 30 years. We understand the challenges and opportunities this unique industry faces and how to successfully weather the ever-changing economic climate. From complex tax issues and financial planning to succession planning and stock distribution, ELO is ready to help you get the most out of every acre and every financial opportunity. We work with a variety of agribusiness operations including: Large family farms (Grain, Cattle, & Hogs) Small family farms (Grain, Cattle, & Hogs) Feedlots Cooperatives Seed Sales Ag Equipment Sales Other Ag-related Businesses Call us today to speak to ELO’s team of agribusiness experts. TALK TO AN EXPERT Important Information USDA’s New Bridge Program Could Mean Big Help — But Act Fast! OUR SERVICES Strategy & Management Annual Strategic planning Estate planning Succession planning and exit alternatives Business valuations Tax Planning & Preparation Tax preparation for owners Business tax preparation Tax strategy, planning and research Entity structure analysis Tax credits and incentives Cost segregation studies and related services State sales and use tax Compliance & Assurances Financial statement services – audits, reviews, compilations Multi-state tax compliance Agreed upon procedures Client Accounting Services & Other Outsourced Services Outsourced accounting and bookkeeping Payroll Accounting consulting and support for QuickBooks Accounting software recommendations Am I a Qualified Farmer? We believe that anyone can be a farmer/rancher, however the Internal Revenue Service defines a qualified farmer/rancher as “An individual is a qualified farmer for 20X2 if at least two-thirds of his or her gross income from all sources for 20X1 or 20X2 was from farming.” What method of accounting should my farm operation use? 99% of taxpayers use the cash method of accounting for tax reporting. To get a true picture of how your operation is doing you should also be reviewing your operation on accrual basis? Do I have to make estimated tax payments? Qualified Farmers have 3 options: (1) they can make estimated tax payments and file by April 15th (2) they can pay 100% of the prior year tax by January 15th and file and pay the difference on April 15th, (3) they can file and pay in full by March 1st. Can I defer any government disaster payments? No. Can I defer my Crop Insurance? Yes, if the following conditions are met. (1) You are qualified farmer on the cash basis, (2) it is your normal practice to sell your crop in the following year. Can I defer a portion of my Crop Insurance? Crop insurance deferral is an all or none deferral. Can I write off the purchase of land? Land is not a depreciable asset, you can however depreciate wells, fences and stock dams. FREQUENTLY ASKED QUESTIONS

We are trusted Advisors assisting with business consulting, tax, client accounting services, auditing and wealth management. Click here to access your tax organizer documents. TESTIMONIALS Kind words from the clients we serve. "We appreciate working with ELO CPAs & Advisors as we share the common goal of helping our clients achieve financial success. Their technological capabilities make it easier for the customers, the bank and all parties involved. ELO CPAs & Advisors are professional and knowledgeable, and we appreciate their continued partnership in putting our mutual clients first." Ryan Huber, Head of Private Banking BankWest Inc. Mitchell, SD "ELO is very responsive and provide solid opinions, and they are always up to date with any and all changes that happen in our businesses. I have used ELO for 30 years and will continue to use them because of their high level of knowledge and service. Their staff is very professional and friendly and ready to help you when you need it." Scott Larson, Owner Custom Touch Homes & Larson Ventures, LLC Mitchell, SD "Huron Clinic appreciates working with ELO, our accounting team firm. It has been a truly positive experience. From day one, their professionalism, expertise, and attention to detail have set them apart in the industry. Kayla consistently demonstrates a thorough understanding of complex financial matters and offers solutions tailored to our healthcare business needs. We highly recommend ELO to any organization seeking reliable, knowledgeable, and personable accounting professionals. Their commitment to excellence and client satisfaction has made a significant positive impact on our business." Leeanne Kopfmann, CEO Huron Clinic Huron, SD "Detailed financials and trusted fiscal guidance are vital to our association. When we were in need of a new partner, ELO was our obvious choice. They were easy to work with, actively communicative, ethical and knowledgeable. We know our organization’s financials are in the best hands and we are fortunate to call ELO our partner." Mike Chrysler, Executive Vice President Independent Insurance Agents of South Dakota Ft. Pierre, SD "There is probably nothing that ELO has not seen or handled when it comes to Accounting & Auditing. Their broad spectrum of knowledge and speed of service is unmatched. When we need them, they can provide the support quickly and accurately which is important with our diverse and ever-changing businesses." Aaron Johnson, Chief Vision Officer KAJ Hospitality Sioux Falls, SD "ELO is terrific to work with. When you call with a question, they find the answer and get this…they actually return your call and have an answer for you. What we really like is, that even though ELO is a larger firm, we always work with the same “Team”. That just makes life a lot easier for us. ELO is made up of a group of true professionals who are really good at what they do - the entire staff is just so knowledgeable and helpful." Frank & Chris Krohmer, Owners Krohmer Plumbing, Inc. Mitchell, SD "As a small business owner, keeping up with bookkeeping, payroll, and taxes can feel overwhelming, but ELO CPAs & Advisors make it effortless. Their team is knowledgeable, organized, and always quick to help with any questions. Thanks to them, everything stays organized, our employees get paid on time, and tax season isn’t stressful anymore! I am so grateful for their support and highly recommend ELO CPAs & Advisors to any small business looking for reliable, professional accounting help." Stephanie Bonebright, Owner Main St. LunchBox Miller, SD "ELO has a particularly good understanding of ag business and farm economics earned through years of “hands on” experience. They recognize the obstacles involved in family-owned farm businesses and have a well-rounded staff when it comes to financial knowledge." John Mayclin, Owner Mayclin Farms Mitchell, SD "ELO has proven to be reliable, knowledgeable and timely. They have a large group with varying areas of expertise and have consistently been able to assist with the most serious and complex issues to the quick questions. ELO has provided reliable accounting services to MorganTheeler LLP for decades. They continue to improve their level of service and are always available to provide needed guidance and answers." Timothy Bottum, Managing Partner MorganTheeler LLP Mitchell, SD "Neighborhood Dental has trusted ELO CPAs & Advisors with our accounting needs since 2005, and their support has been invaluable to our growth. Their expertise, responsiveness, and modern approach to accounting make managing our financials seamless and efficient. ELO’s team is knowledgeable, dependable, and truly invested in our success. We appreciate their long-standing partnership and the confidence they bring to our business.." Mike, Scott, and Nick Shawd Neighborhood Dental Sioux Falls, SD "Recently, we transitioned to ELO for accounting services, and we cannot be happier. They assigned us the most professional and competent people with whom to work – Mary Hofer and Kathy Axsom are the best! We have full confidence in our numbers and our data, and ELO is helping us advance as an organization in multiple ways. ELO comes with my highest recommendation." Laurie J. Becvar, Ed.D., Chief Executive Officer South Dakota Hall of Fame Chamberlain, SD "ELO is a great partner, and we are grateful to have a partnership with them. Their team is very responsive and very supportive. We appreciate their broad range of expertise and continued assistance." Paul Cremer, Executive Director State Bar of South Dakota Pierre, SD "Stehly Farms has entrusted ELO with our accounting and tax preparation for 40 years. Most of my friends in the business world do as well. They are experts at staying up to date on the ever-changing and always complex tax code. Managing our tax burden has always been a priority at our business and we feel fortunate to have had ELO with us all these years and would highly recommend them to anyone." Gene & Craig Stehly, Owners Stehly Farms Mitchell, SD "Just like any other business, it is all about relationships and what you can do for me. ELO has done a great job of building that relationship of trust and offering many services to me and my businesses on top of that. ELO has earned my trust, and they provide great advice and I value that advice deeply." Terry Wieting, Farm Manager Wieting Farms Inc. Huron, SD

We look forward to talking to you about your business consulting, accounting, tax, audit, or wealth management needs. CONTACT US We look forward to talking with you. Please fill out the form to contact us and we will get back to you as soon as possible! If you would like to contact a specific office or employee, visit our Locations or Meet the Team pages. We look forward to connecting with you for all of your accounting, tax, business, and financial needs. Leave us a message... Submit Thanks for submitting! By providing your phone number and submitting this form, you consent to receive SMS text messages from ELO CPAs & Advisors. Message frequency may vary. Message & data rates may apply. Reply STOP to opt out. Reply HELP for assistance.

For the convenience of our clients we provide a variety of resources and forms. If you have any questions please don’t hesitate to call or contact us. RESOURCES Click here to access your tax organizer documents. Everything you need, at your fingertips. For the convenience of our clients we provide a variety of resources and forms. If you have any questions or need a form you do not see below, reach out to us today! CONTACT US Make a Payment PAY NOW INSTRUCTIONS TO PAY WITHOUT A USER ACCOUNT INSTRUCTIONS TO CREATE A NEW USER ACCOUNT AND SET UP PAYMENTS Client Log In QUICKBOOKS LISCIO TeamViewer Login At ELO CPAs & Advisors, we offer live, online support for Quickbooks® and other small business accounting software. Click on the TeamViewer support link to establish a TeamViewer connection with one of our advisors. (Download Required.) As an accounting firm, we believe that our clients should have live access to the tools and services that make their business function. Our team of professionals can help business owners and businesses with Quickbooks® support that will help you overcome the obstacles facing your business while helping to ensure that you are prepared for any future challenges that might arise. ELO CPAs & Advisors is your premier accounting firm and we believe that the relationships that we build with our clients are extended into a partnership. We set ourselves apart from other accounting firms in this belief, and that’s why we offer live Quickbooks® support, as well as support for other small business software. If you need Quickbooks® support or support with other small business software, contact the experts at ELO CPAs & Advisors today. REMOTE SUPPORT JOIN ONLINE MEETING NetClient CS NetClient CS offers convenient, on-the-go access to online accounting and payroll services via your mobile device. ANDROID APPLE Organizers BUSINESS TAX FARM INDIVIDUAL TAX RENTAL PROPERTY YEAR-END DOCUMENTS Helpful Resources Mortgage Calculator W-4 Form Corporate Transparency Act Records Retention 1099 QB Desktop Process 1099 QB Online Instructions 2025 Year-End Tax Planning Guide for Private Companies ELO CPAs & Advisors Privacy Policy for SMS Communication

Partner Matt Buenzow Partner Mitchell office 1820 N Sanborn Blvd Mitchell, SD 57301 Phone: 605-996-7717 Fax: 605-996-4091 Send an Email SERVICES Entity Taxation Employee Benefit Plan Audits Business Advisory Services Tax Planning Compilations & Reviews INDUSTRIES Construction Professional Services Technology ABOUT ME EDUCATION BS, Accounting, Arts Management. University of South Dakota Vermillion, SD CERTIFICATIONS & LICENSURES CPA ASSOCIATIONS & COMMUNITY INVOLVEMENT Corn Palace Shrine Club, Treasurer Mitchell Resurgam Lodge #31, Treasurer and Past Master Mitchell Masonic Building Association, Treasurer Mitchell Downtown First United Methodist Church Finance Committee Q&A WITH THE TEAM What do you do and how do you make an impact for others? I love to make a positive impact on someone's life and help them succeed. What are your hobbies? My favorite hobby and biggest frustration is tinkering with electronics. It's fun when they work, but they almost never do the first time. What advice do you have for prospective employees of ELO? Continually strive to make yourself more valuable to clients and your fellow team members. What have you gained from working at ELO? Stress. Increasingly cynical opinion of government, Congress, and American society in general. What are three words to describe ELO? Experience, friendly, helpful. What is your favorite sport and/or favorite team to watch? I enjoy watching NASCAR and Hockey. What's on your bucket list? I would like to be present at the Daytona 500. What places have you lived? Waseca, MN Vermillion, SD Mitchell, SD What is one place in the world you would love to visit? I would like to visit Alaska. What's the one thing in life you could not live without? I could not live without my sense of humor.

Submit Your Forms Please use the links below to submit your W-2 or 1099 information to ELO CPA’s & Advisors. Complete and accurate information is required by January 10th, 2025, to guarantee timely filing. If you have any questions, please email accounting@elocpa.com or call the 1099/W-2 Team at 605-996-7717 . Recipient copies will automatically be mailed to the address provided. 1099 Form W2 Form

Partner | Practice Leader, Advisory Services Jamie Eldeen, CPA Partner | Practice Leader, Advisory Services Mitchell office 1820 N Sanborn Blvd Mitchell, SD 57301 Phone: 605-996-7717 Fax: 605-996-4091 Send an Email SERVICES Entity Taxation Employee Benefit Plan Audits Compilations & Reviews Governmental Audits Business Transitions/Successions Mergers & Acquisitions Non-Profit Audits Business & Family Succession Planning General Financial Audits Business Advisory Services Tax Planning Agreed Upon Procedures INDUSTRIES Manufacturing Non-Profits Hospitality State & Local Government Banking/Credit Unions ABOUT ME EDUCATION BSBA in Accounting USD Vermillion, SD CERTIFICATIONS & LICENSURES ASSOCIATIONS & COMMUNITY INVOLVEMENT Q&A WITH THE TEAM What do you do and how do you make an impact for others? I enjoy identifying and solving problems, going through solutions with clients and/or peers and identifying the best solution to a given issue - the accounting field provides an abundance of opportunities to do this. I really don't know what a picture of this would be. What are your hobbies? I'm not a big hobby guy, what I enjoy outside of work is spending time with my family and the occasional sporting event. What advice do you have for prospective employees of ELO? Find what you're good at and pursue it - we tend to enjoy the things we are good at. What have you gained from working at ELO? A career that I'm proud of What are three words to describe ELO? Hard working, trustworthy, advisors What is your favorite sport and/or favorite team to watch? II am all for Minnesota sports teams (Vikings, Twins, Gophers) What's on your bucket list? I would like to visit all of the National Parks What places have you lived? Spencer, SD; Rosemount, MN; Salem, SD; Highmore, SD; Clearwater, MN; Mitchell, SD; Brookings, SD; San Antonio, TX; Wichita Falls, TX; Vermillion, SD,; Chamberlain, SD What is one place in the world you would love to visit? I Can't narrow it.down to 1 place - I'd like to visit them all; What's the one thing in life you could not live without? My family, they are my number one thing I could not live without.

Human Resources Manager Erin Baker, SHRM-CP Human Resources Manager Mitchell office 1820 N Sanborn Blvd Mitchell, SD 57301 Phone: 605-996-7717 Fax: 605-996-4091 Send an Email SERVICES HR Management Consulting Leadership Coaching INDUSTRIES HR Consulting ABOUT ME EDUCATION Business Management Associates Mitchell Technical College CERTIFICATIONS & LICENSURES ASSOCIATIONS & COMMUNITY INVOLVEMENT SESHRM Chapter Member SHRM Membership Workforce Development Team - Mitchell Leadership Mitchell Accelerated Leadership Certificate - Skill Path Q&A WITH THE TEAM What do you do and how do you make an impact for others? Inspiring Leaders to be the best they can be. Lead by example, creating more leaders instead of followers. Advocating for the number one asset in any business - the employees! What are your hobbies? Building our families forever home with my spouse. Following our kids in their activities, they are my favorite hobby! Their happiness is number one! What advice do you have for prospective employees of ELO? Self- Accountability and drive are great attributes in a new hire! If you enjoy your career, everything else will fall into place. What have you gained from working at ELO? Patience, change takes time! What are three words to describe ELO? Service, Experts, Professional. What is your favorite sport and/or favorite team to watch? I enjoy watching basketball. I cheered on Iowa's Caitlin Clark this year. What's on your bucket list? Traveling to Montana is number one on my bucket list. What places have you lived? Woonsocket, SD - Huron, SD - Mount Vernon, SD. What is one place in the world you would love to visit? I would love to visit Italy. What's the one thing in life you could not live without? Reisens are my ultimate favorite candy!

Senior Associate | Tax Practice Josh Vaith, CPA Senior Associate | Tax Practice Yankton office 118 W 3rd St Yankton, SD 57078 Phone: 605-665-6007 Fax: 605-665-6008 Send an Email SERVICES Individual Taxation Entity Taxation Tax Planning Agribusiness Assurance Farm Business Management & Consulting INDUSTRIES Agribusiness Start-Ups/Entrepreneurship Retail Construction ABOUT ME EDUCATION Bachelor's of Science in Professional Accountancy Black Hills State, Spearfish, SD Bachelor's of Science in Business Administration - Economics and Finance Black Hills State, Spearfish, SD CERTIFICATIONS & LICENSURES ASSOCIATIONS & COMMUNITY INVOLVEMENT Q&A WITH THE TEAM What do you do and how do you make an impact for others? I like being a positive influence on clients and helping make things that are typically scary to them (taxes) less painful and simpler to understand. What are your hobbies? Traveling and spending time with friends and family What advice do you have for prospective employees of ELO? Be adaptable and always willing to help What have you gained from working at ELO? I've learned to adapt to things on the fly and have lots of experience and knowledge What are three words to describe ELO? Flexible. Challenging. What is your favorite sport and/or favorite team to watch? My favorite sports to watch are baseball and football. My go-to teams are the Minnesota Twins and the Minnesota Vikings. What's on your bucket list? My goal is to travel and have fun What places have you lived? Scotland, SD. Spearfish, SD What is one place in the world you would love to visit? Switzerland What's the one thing in life you could not live without? Sugar

We provide a thoughtful approach to issues like member ownership, investments, lending powers and practices, state and federal regulations, and asset/liability management issues to allow your organization to focus on your core mission. Click here to access your tax organizer documents. FINANCIAL & INSURANCE SERVICES We want to be a member of your team. The financial experts at ELO CPAs & Advisors understand what makes credit unions unique and the unique financial services they require. We provide a thoughtful approach to issues like member ownership, investments, lending powers and practices, state and federal regulations, and asset/liability management issues to allow your organization to focus on your core mission. We work with a variety of firms: Community Credit Unions Industry Credit Unions Financial Institutions Insurance Agencies Call us today to speak to ELO’s team of credit union industry experts about our accountancy and financial services so you can better serve your member-owners. TALK TO AN EXPERT OUR SERVICES Strategy & Management Industry benchmark analysis Allowance for credit losses consulting Policy and procedure analysis Compliance & Assurance Financial statement audits Supervisory committee audits BSA compliance testing Other agreed upon procedures How do we know our allowance for loan loss is accurate? During the course of a financial statement audit or supervisory committee audit we will review the calculations and provide insights and feedback to assist your estimating process and ensure it is in accordance with GAAP. Do I need a full financial statement audit or does a supervisory committee audit suffice? Credit unions with assets of $500 million or more are required to have an annual financial statement audit. Credit unions with less than $500 million in assets but greater than $10 million in assets can either have an annual financial statement audit or an other supervisory committee audit. Credit unions with assets of $10 million or less can have either an annual financial statement audit or a supervisory committee audit. FREQUENTLY ASKED QUESTIONS

We work every day to provide expert knowledge and unmatched service to best serve our client's business, accounting, tax, audit, and wealth management needs. Cody Washburn IT Systems Administrator Mitchell Office 1820 N Sanborn Blvd PO Box 249 Mitchell, SD 57301 Phone: 605-996-7717 Fax: 605-996-4091 Email Cody ABOUT CODY As the firm's IT Systems Administrator, Cody Washburn works diligently to keep ELO on the leading edge of technology. Cody maintains and oversees all aspects of the firm’s infrastructure. His duties/responsibilities include upgrade and install of new hardware and software, perform troubleshooting to address any problems with computer systems, and assess virus and potential threats to the firm’s network. Education A.A.S., Information Systems Technology