The Firm of Gardner & Billing, CPAs PLLC

Summer is here! We are now operating on summer hours. Our office will be closed on Fridays during the months of June, July & August.  Wishing you all a wonderful summer!

CONGRATULATIONS CLASS OF 2018 from Gardner & Billing CPAs!  And Happy Last Week of School  to students, teachers and faculty!  Wishing you all a wonderful summer. 

  On December 22, 2017, President Trump signed the first major tax reform in 31 years into law. The Tax Cuts and Jobs Act makes many changes to the tax code and every taxpayer is impacted.  A highlight of some of the changes are as follows:  Tax rates: Tax rates are reduced. The top rate is reduced from 39.6% to 37%. Lower rates are also reduced.  Exemptions and the child tax credit: The deduction for personal exemptions is eliminated. An expanded child tax credit will help make up for the loss of personal exemptions for some families. The credit is increased to $2,000 (from $1,000) for qualifying children under 17. For children 17 and older and for other dependents, the credit is $500.   Standard deduction: The new tax reform law doubles the standard deduction. The higher standard deduction ($12,000 for singles, $18,000 for heads of household, and $24,000 for married filing joint) means that fewer taxpayers will benefit from itemizing deductions.  Itemized deductions: I

It seems like everyone is outside enjoying the springtime, so it might be hard to think about book work, but this is actually the perfect time of year to get your 2017 adjusting entries into QuickBooks or get some business consulting done. We can schedule on-site consulting to review your business cash flow management, office processes, business plan and what it will take to get you on track for 2018 to achieve your goals.

The Powder River Chamber of Commerce will be sponsoring a Candidates Forum at the High School Auditorium on May 24th from 7p.m. to 9p.m. The candidates are those running for local government positions in the June 5th, 2018 election.  Dave Gardner of Gardner & Billing CPAs will once again be the moderator of the event.  In order to accommodate those unable to attend the forum, the Chamber will go LIVE via Facebook. Just as those in attendance will have the opportunity to be better informed, those attending live on Facebook will have the same opportunity. The Forum has proven to be a great opportunity for candidates and the voters to better communicate about the issues facing our community. We are looking forward to the event, and the participation by the community in the process of electing our local government officials. Check out the Chamber Facebook page for more details on the event or to post questions for the candidates to be asked at the forum!