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About us

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About us

Nick Storhaug has had vast experience in small town development of motels, shopping areas, apartments, historic renovation and preservation, and currently owns farmland for lease including irrigation.  

Nick is very familiar with tax planning and solutions for farm and business transition, assist in estate planning, is knowledgeable about the creation and operation of S-Corporations and all other forms of business activities. 

Each year Nick prepares a huge volume of individual, corporate, partnership and trust tax returns. On the “human care” side, Nick Storhaug CPA has been a contributing board member and creator of several non for profit activities including but not limited to Parkside Lutheran Home in Lisbon, ND.

OUR GOALS & Expectations to Grow together

At Storhaug CPA, we pride ourselves on “top notch” attention to detail and in providing
excellence in tax planning, preparation and fiduciary services.

Planning

Please include all necessary documents to complete your 2023 tax return – please complete the  Client Worksheet– and list of forms per our client letter, including a current e-mail. Whenever possible, please provide all documents at the same time to alleviate any confusion.

OUR PROMISE is to acknowledge all information we receive whether by drop-off, mail or e-mail.

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Organized

We include our blank form input sheets as well as an asset purchase format-it is essential that Clients complete these in a timely and inclusive manner.

Shoeboxes and months of non-input bank statements need to be organized before your tax return(s) can be completed. Our office can help you, but ONLY if we know in advance.

 

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Timely

With expanded work due within shortened periods of time, we cannot guarantee completion of any work.
However, with inclusion and organization, most work will be completed within a 14-day period. In Chip and Nick’s nearly 8 decades of service to our clients, the most valuable thing we can be given is the time to do things “right.” Complex returns need to be reviewed in great detail to exceed our client expectations.

Due Date

We have found in the years of tax practice that more and more very important tax documents are produced at a later and later date thus creating a “bubble” of work.
Wherever possible, we encourage our agricultural clients to make a January 15 th tax estimate for both federal and state projected liabilities which would be equal to ⅔ of their projected tax
liability. This creates an April 15 th deadline for these returns.

SIT DOWN WITH US

With our new and improved “back/front office” functions, I want to personally invite you to a “sit down” visit where we can prepare your tax returns. Please schedule these in advance with both Chip and Nick.

Photo of Nick Storhaug

MEET NICK

NICK STORHAUG is a proud graduate of Mayville State University and Lisbon High School. After a 22-year career as a full-time teacher and coach, he earned the designation of Certified Public Accountant in 1986. A recipient of several hall of fame designations in the coaching profession, Nick is starting his 40th year in practice. Locally, Nick Storhaug has spearheaded development of several motel projects, renovated and built apartments, commercial buildings and the acquisition and development of 34 acres of property south of Lisbon. Not for profit activities have not been forgotten as Nick Storhaug was vital in the City of Lisbon acquiring the Lisbon Opera House and served for two decades as a board member of Parkside Lutheran Home. Nick recently served the Mayville State University foundation as a finance committee chair. Nick and wife Lavonne have been married for 48 years.

 

MEET CHIP

CHIP STETSON is beginning his 44th year in the financial services industry preparing individual, trust and estate tax returns and providing the best possible financial and tax advice. Chip’s experience has been instrumental in supporting the accounting practice throughout his 13 years with the firm. Chip’s wisdom and experience are very valuable in assisting his client base in providing the best possible services. Chip Stetson proudly graduated from the University of North Dakota and holds the Enrolled Agent designation with his has vast experience. Chip graduated from the University of North Dakota. Chip and wife Cindy have been married for 45 years.
Chip’s late father, Donavon, Sr., who recently passed away, and partner Wayne Jones provided competent legal services to Southeast North Dakota for many years. Area professionals will do well keeping in mind standards of service, competence and experience provided by this team.

Photo of Chip

OTHER STAFF

At Storhaug CPA we pride ourselves on “top notch” attention to detail and in providing excellence in the tax planning, preparation and fiduciary services.