The straight line

One of the most effective and inexpensive ways of building employee loyalty is to hold regular outings and get-togethers. By holding staff gatherings, you build loyalty and form bonds outside the workplace. Plus, you get a major tax break. You can hold a staff party at a restaurant or treat your entire staff and their families...

Are you an “experienced” taxpayer? Here are a couple of age-based tax breaks that seniors shouldn’t overlook when filing their 2016 returns. Claim Your Rightful Medical Expense Deductions If you’re 65 years of age or older, you may have fallen into the habit of automatically claiming the standard deduction instead of itemizing your deductions. Taking the...

We recently sent out a survey to our clients asking about their use of our Secure Client Portal. We weren’t surprised by the results, so we wanted to provide you some additional information regarding it. Our intent is that more clients will start to utilize this feature. Gardiner Thomsen understands how important security is to...

The Fraud Task Force of the American Institute of Certified Public Accountants (AICPA) commissioned a study to provide guidance to help prevent and detect fraud. The AICPA, the Association of Certified Fraud Examiners, the Institute of Internal Auditors and other professional organizations sponsored the study. The overall message of this document is those organizations that...

In June of 2016 the Financial Accounting Standards Board (FASB) finally issued its pronouncement on the Current Expected Credit Loss (CECL). Although this pronouncement does not go into effect until the year 2021 this is not something you should put on the back burner. CECL is going to take time and planning in order to...