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Showing posts from July, 2019

Audit Season

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Have you recently been selected for a State Fund audit on your workers compensation policy?  State Fund conducts mandatory premium audits on all new policies after the first year of coverage.  After that, they randomly select roughly 25% of policies each year for an audit.  

If you have questions on a premium audit, we're happy to assist, even if we don't process your payroll regularly.  We can review your records ahead of time so there's no surprises and then handle the audit from our office so that you don't have to deal with the stress. So don't panic when you get correspondence in the mail with that dirty little word and don't hesitate to ask us for help. 

Here's some information from Montana State Fund related to premium audits:

Independent Contractor Exemption Certificate (ICEC) – Frequently Asked Questions

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Form 2290 Heavy Vehicle Highway Use Tax Return

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If you have a vehicle with a GVW of 55,000 lbs or more that will be used on public roads and/or is otherwise required to be licensed, then you must annually file Form 2290 Heavy Vehicle Highway Use Tax with the IRS. If your vehicle will travel less than 5,000 miles for commercial purposes or less than 7,500 miles for agricultural purposes, you are exempt from the tax but still must file Form 2290 each year. Federal regulations require all states to verify payment of, or exemption from, the tax before issuing or renewing vehicle registrations. Before a vehicle is registered, the owner must provide proof this tax has been paid. This is done at the time of licensing at the county or in MCS when registering under the IRP. The reporting period is July 1—June 30 and returns are due annually by August 31.

Filing is now open for the July 1, 2019 - June 30, 2020 period and Gardner & Billing CPAs are here to help! We can prepare your return for either paper or electronic filing.

Happy 4th of July!

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Happy Powder River County Centennial Week! Wishing you all a safe and spectacular 4th of July celebration! Our office will be closed on Thursday and Friday this week and will reopen with regular summer hours on Monday, July 8th.