Have you analyzed, or spoken to your Gardiner + Company partner, or manager, about this tax credit? The ERC was improved during 2021 to reach more businesses and help more Americans stay employed. The ERC is: + A refundable payroll tax credit + Available to for-profit and not-for-profit businesses + Subject to two tests –...
keep readingMileage Rates 2022 The IRS has updated mileage rates for 2022. + Beginning January 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: + 58.5¢ per mile driven for business use, up 2.5¢ from the 2021 rate + 18¢ per mile driven for medical,...
keep readingWe have breathed life back into our client peer group database, including current year information and some past years. The database tracks 26 key ratios and 18 different gross margins (as ¢ per unit or % of sales) for commodities and products sold. We have several ways to build out your peer group, including states,...
keep readingWhat We’ve Seen in 2021: + Credit unions have faced many challenges from the COVID-19 pandemic in the last couple years causing more remote work, struggling to keep a full complement of staff, closed lobbies, drive-thru only services, and appointment only services. + With the uncertainties concerning the pandemic, credit unions saw a rise in...
keep readingIt is likely that many of our governmental clients will be required to prepare a Schedule of Expenditures of Federal Awards and will have a Single Audit as required by Title 2, U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) after the expenditure...
keep readingThank you to everyone who was able to attend our hospitality room in Minneapolis on December 2nd during the CHS Annual Meeting. We have had the pleasure of hosting a hospitality room during this annual event for many years now (2020 being the exception) and were very pleased with the turn out this year especially...
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