Wishing you all a safe and prosperous 2016 from all of us at Gardner & Billing CPAs!



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Independent Contractor Exemption Certificate (ICEC) – Frequently Asked Questions

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Montana Workers’ Compensation Laws for Independent Contractors from the Department of Labor & Industry What are Montana’s workers’ compensation laws for independent contractors? The law requires independent contractors to obtain either an independent contractor exemption certificate or self-elected coverage under a Montana workers’ compensation insurance policy. Refer to MCA, 39-71-417 . What is the purpose of an independent contractor exemption certificate? It allows an independent contractor to waive all their rights and benefits that would otherwise be provided by a workers’ compensation insurance policy. If an independent contractor were to suffer a work-related injury or occupational disease while performing the occupations specified on the certificate, they would not be eligible for workers’ compensation benefits. The certificate concludes the person’s status is conclusively presumed to be that of an independent contractor. Refer to MCA, 39-71-417(7) . What is the purpos...
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IRS Announces Extension on Replacement of Livestock Due to Drought Declarations

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IRS: Drought-stricken farmers, ranchers have more time to replace livestock WASHINGTON − Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service. To qualify for relief, the farm or ranch must be in an applicable region. This is a county or other jurisdiction designated as eligible for federal assistance plus counties contiguous to it. Notice 2020-74 , posted today on IRS.gov, lists applicable regions in 46 states, the District of Columbia and four U.S. territories.  For Montana, the designated counties are Beaverhead, Broadwater, Gallatin, Jefferson, Madison and Powder River. The relief generally applies to capital gains realized by eligible farmers and ranchers on sales of livestock held for draft, dairy or breeding purposes. Sales of other livestock, such as those raised for slaughter or held for sporting purposes, ...
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Welcome to our new team member...

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  Please join us in welcoming the newest member of our Gardner & Billing team, Braelynn Powell! As our Client Services Director and Administrative Assistant, Braelynn will be welcoming all who step through our doors with her sunny smile.  We’re so pleased to have her with us and to be expanding our capacity to assist our new and existing clients!
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