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Friday, December 29, 2017

Happy New Year!

The office of Gardner & Billing CPAs will be closed on Monday, January 1st for New Year's Day.  
We wish you a happy and healthy 2018!

Thursday, December 21, 2017

Wishing You a Very Merry Christmas!

Our office will be closed on Monday, December 25th for Christmas Day.

From all of us at Gardner & Billing CPAs, 
we wish you a safe and happy holiday season. 

Wednesday, December 20, 2017

Tax Reform Update~ 12/20/17

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.

Wednesday, December 13, 2017

2018 Montana Minimum Wage Increase

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