Wishing you all a safe and prosperous 2016 from all of us at Gardner & Billing CPAs!
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Merry Christmas from all of us at Gardner & Billing CPAs
Holiday Office Hours December 21 - 23 Regular Hours December 24 (Christmas Eve) Closing at noon December 25 - 27 Closed for Christmas December 28 Regular Hours Have a wonderful Christmas holiday!
Year-End Reminders for 1099 & W-2 Reporting
It's time to start thinking about year-end reporting. Here's a couple reminders from our office... Is Your Ranch or Business Required To Issue 1099s? Form 1099 is required to be issued to individuals and LLCs who provided at least $600 in services for your trade or business throughout the year. Those services may include rent, custom hire, attorney fees, repairs, payments made to independent contractors or payments to anyone with whom you split a portion of your crop or livestock sales. The IRS and State of MT impose harsh penalties for failure to file Form 1099 and more emphasis than ever is being placed on their correct filing. The 1099 distributing deadline is January 31 st , so we must receive your information as soon as possible. If you wish our office to prepare your 1099s, please provide the following information by January 20 th to give us time to prepare your forms: Name, Address, SSN/EIN, Total Amount Paid...
Come Join Us at Gardner & Billing CPAs for the Broadus Christmas Stroll!
Ornament decorating and finger food available from 4 to 7 PM We look forward to seeing you! Happy Strolling!
Eight Year-End Tax Planning Tips (Part 2)
Part 2 of the Intuit article on year-end tax planning.... 5. Contribute the maximum to retirement accounts There may be no better investment than tax-deferred retirement accounts. They can grow to a substantial sum because they compound over time free of taxes. Company-sponsored 401(k) plans may be the best deal because employers often match contributions. Try to increase your 401(k) contribution so that you are putting in the maximum amount of money allowed. If you can’t afford that much, try to contribute at least the amount that will be matched by employer contributions. Also consider contributing to an IRA. You have until April 15, 2016 to make IRA contributions for 2015, but the sooner you get your money into the account, the sooner it has the potential to start to grow tax-deferred. Making deductible contributions also reduces your taxable income for the year. If you are self-employed, the retirement plan of choice is a Keogh plan. These plans must be established by Decemb...
Good Luck Lady Hawks!
WISHING OUR LADY HAWKS THE BEST OF LUCK IN 2015 CLASS C STATE VOLLEYBALL TOURNAMENTS!