We have recently received verbal notification from the IRS that all amended returns which have been filed to claim the increased section 199 deduction will be disallowed, and to look for formal written notification of this decision by the end of September. Our hope is that the IRS will be specific as to why these amended returns have been disallowed, so that we will be able to challenge the veracity of the IRS action.

Now, we would like to introduce Tony Miller, CPA, as one of our newest staff members. Tony came to us after having passed the CPA exam (on his first try!) and we are very excited to have him on our team. He’s recently married, competes in Log cutting at the State Fair, and has relocated to work out of our Charles City, Iowa office. Tony will be focusing on cooperative and governmental auditing.

As we visit your offices to perform audits, you may notice a few new faces. We have increased the size of our staff this year and have enjoyed growth at a faster pace than in the past. Much of this growth is associated with your growth. Your industry continues to consolidate and grow. We have always been proud to be associated with organizations who are survivors; successful companies whose goals are to build strong balance sheets to ensure their financial viability.

Having started as just an auditing-only firm, such services as corporate and personal tax return preparation and tax planning, mergers and consolidations and business consulting have been added over the years in order to more efficiently meet our clients' needs. Also, between four partners and our staff, there are over 200 years of combined experience in the cooperative industry, and we operate from four different offices: Des Moines, Iowa; Lincoln, Nebraska; Charles City, Iowa and Sioux Falls, South Dakota.

Gardiner Thomsen strives to provide you with timely, valuable information so you can make more informed decisions. Two of the vehicles we use to do this are this printed newsletter and our E-newsletter. In an effort to better organize and track the popularity of certain topics and ensure your privacy and profile settings are current and correct, we will be sending out a printed mailing for you to fill out and return.

Gardiner Thomsen is expanding! We are very excited about our recent growth and would like to take this opportunity to introduce the newest members of our team. We know they’ll be valuable assets to the Gardiner Thomsen family and will do a superb job serving our clients.