Senate passes tax-reform bill; House must revote The Senate voted early today to approve the Tax Cuts and Jobs Act, but it voted on a version that differed from the bill the House of Representatives had passed hours earlier, so the House must vote again before the tax-reform legislation can be sent to the president for his signature. Follow us for more information as it becomes available and news on what the changes mean for you.
Montana’s Minimum Wage is set to rise to $8.30 per hour
effective January 1, 2018 pursuant to Montana Code Annotated 39-3-409.The current 2017 wage is $8.15, which means
an increase in 15 cents per hour.No tip
credit, training wage or meal credit is allowed in the State of Montana, so all
businesses covered by the Fair Labor Standards Act are required to pay at least
Montana minimum wage.
The law requires a minimum wage adjustment based on changes
in inflation as measured by the Consumer Price Index (CPI) from August of the
preceding year to August of the year in which the calculation is made.An adjustment to the minimum wage is to be
calculated no later than September 30 of each year based upon any increase in
the CPI, rounded to the nearest five cents.
Also, remember that overtime hours are calculated on a
weekly basis, and NOT a bi-weekly basis! Employees who work in excess of 40
hours in a single workweek must receive overtime compensation of at least 1.5
times their regular hourly rate for those hours worked over 40.
Additional information on Montana’s minimum wages can be
found at the Dept of Labor website www.mtwagehourbopa.com
Bidding begins today and we encourage
you to drop by our office or comment on our Facebook post to take this
beautiful handmade wreath "home for the holidays"! All proceeds benefit
the Broadus Senior Center and remember, Gardner & Billing CPAs will
match the winning bid up to $50! Bidding will end after the stroll on
Friday, so keep an eye on this one!
At Gardner & Billing CPAs we’re excitedly forming plans for the Broadus Christmas Stroll taking place on Friday, December 1st!
We felt that our Christmas Wreath Silent Auction was such a success last year that we’ll be recreating the event again in 2017. This year we’ll be designing a single Christmas wreath for auction and plan to open bidding on Wednesday, November 29th. You can bid online via our Facebook page or stop by our office to bid in person, up through the night of the Christmas Stroll. All proceeds on the auction will go to assist in bringing the Senior Center “home” to their location downtown. Plus, Gardner & Billing CPAs will match the winning bid for a contribution up to $50!
We want to continue our tradition of being a family-friendly stop on your stroll. Santa’s Christmas elves will be handing out drinks, treats and a fun coloring craft during
the stroll from 3-6pm. We encourage kids of all ages to stop by on
Friday to pick up a
stocking to take home to color and decorate. Once your masterpiece is
complete, return it to our office to be hung by the fireplace. For
every stocking that’s returned for display by December 15th, we’ll
donate $2 to your choice of either the Library Storytime or the Kid’s
Food Bag Foundation! If you want to show your support for the Senior Center or our local kids, we’ll also have special Christmas stockings on hand for free-will donations to these great groups.
We hope you’ll visit us at Gardner & Billing CPAs on your stroll when you’re “Home for the Holidays” this year to join us in the spirit of Christmas cheer and charity!
We are closely watching the possible legislative changes that the
Senate Finance Committee and the House Ways and Means Committeeare working on to create changes in the
While the two committees are far apart on some of the
issues, they are close to being in agreement on others.As you know, the Senate and the House need to
each pass their versions of the tax reform, and then a Joint committee made up
of members from each the House and
Senate need to agree on a compromise that will then be voted on by the Senate
and the House.
It appears more likely than not that there will be some version
of tax reform legislation.It is too
early to begin to make any planning moves based on the possibility of the
legislative changes.It is important to
keep in mind that there may be changes coming, so any decisions for the future
that have tax implicationsmay be
affected by this legislation.
As soon as we know what the final version of the "tax
reform" is, we will be communicating with our clients.You can expect a lot of press
as the process moves forward; however, until the House and Senate have voted on
the compromise presented by the Joint committee, we aren't going to know for certain what the changes are going to be.This is a heads-up though, Tax
reform is on the horizon and we all need to keep that in mind as we move
Tax law is like Montana weather----we seldom get bored with
it as it changes all the time!
In the meantime---Happy Holidays to you and your
families.Dave & Melissa
If you operate a truck or bus in interstate or international commerce, the Unified Carrier Registration (UCR) program requires that you register your business with Montana Dept of Transportation and pay an annual fee based on the size of your fleet. Registration for the upcoming 2018 period is typically due by December 31, 2017. However, The UCR Board of Directors has announced a delay in the start of 2018 registrations. The below notice was issued at the end of last week to address expectations for the opening of registration on November 1st. ___________________________________________________________________ October 27, 2017 TO: All State Administrators of the UCR Act FR: UCR Board of Directors RE: UCR 2018 Registration Delayed Until Further Notice While we believe a new rule setting final fees is imminent, the Unified Carrier Registration (UCR) Board of Directors is delaying until further notice the start of the 2018 registration period while the Federal Motor Carrier Safety Administration (FMCSA) completes the rulemaking process for 2018 fees. We regret this inconvenience and appreciate your patience. Due to this unanticipated further delay, UCR is recommending to all states that the enforcement period for 2018 compliance not begin until 90 days after the final rulemaking is published. The fee levels being proposed are based on a recommendation submitted by UCR to the FMCSA in March 2017 to reduce fees for carriers at all levels by 9% in 2018. Until further notice, please do not accept any carrier fees for the 2018 registration year. If received prior to the final rulemaking, please return to the entity that paid the fee. We will continue to keep you updated as we become aware of relevant fee and registration information. ___________________________________________________________________ The Montana Dept of Transportation has confirmed that they cannot begin processing 2018 UCR applications until the fee structure has been finalized. Do not submit payments or registrations until registration has been opened. For additional information and updates on registration, visit the UCR website or contact the Montana Department of Transportation at (406) 444-2998.
Marsha Goetting, MSU Extension Family Economics Specialist, will be presenting an Estate Planning Workshop on Monday, October 30th, at 1:00 p.m. at the Broadus Community Center.
Goetting will begin the workshop with effective methods of starting difficult conversations about estate allocation. Specific areas Goetting will cover include decisions about treatment of heirs and equal vs equitable; wills, trusts, probate, duties of the personal representative, joint tenancy transfer and transferring motor vehicles, power of attorney, basis in land, Montana Medical Care Savings Accounts, rights over your remains, letter of last instruction, common law marriage, and the Montana Endowment Tax Credit. Marsha's video guide to estate planning in Montana, based on Montana’s state laws, is a lively, helpful video that everyone can understand! It has lots of helpful tips presented in a fun, memorable way. More information on Marsha and estate planning resources can be found at the MSU Extension website. Biography Marsha A. Goetting is a Professor and Extension Family Economics Specialist at Montana State University in Bozeman. She has presented over 800 workshops reaching over 25,000 Montanans with financial and estate planning information. She has also authored over 75 MontGuides and bulletins and has received national, regional, and state awards for her financial management and estate planning programs. Educational Background Dr. Goetting received her Bachelors and Masters degrees in Family Economics and Adult Education from Kansas State University and her Ph.D. from Iowa State University. Professional Associations
Association for Financial Counseling and Planning Education
American Association of Family & Consumer Sciences
Montana Extension Association of Family & Consumer Sciences
Montana Gerontology Society
Montana Association of Family and Consumer Sciences