The straight line

A multiemployer pension plan is used by an employer to provide a benefit to their employees in a plan that is shared with multiple employers, usually in similar industries. Under previous accounting principles, employers were only required to disclose their contributions to the plan without disclosing the funded status of the plan.

Did you know? Gardiner Thomsen has been around since 1964 We have 37 employees and 4 offices throughout Iowa, Nebraska and South Dakota We audit over 150 organizations, including:

What We Have Seen in Cooperatives in 2012

What We Have Seen in 2012: Credit unions have been more profitable in 2012, compared to 2011. Through the first six months of 2012, credit unions increased their return on assets 0.84%. The number of credit unions in the nation has been declining, but they are still seeing steady growth in number of members and total assets.

As a cooperative, you are allowed to allocate various taxable items to your members.  Common items include qualified patronage and the section 199 deduction.  This benefit comes with some specific rules regarding reporting to your members and reporting to the Internal Revenue Service. When cooperatives make allocations to their members, they generally  have up to 81/2...

Organizations with fewer than 100 employees significantly trail their counterparts in the implementation of formal antifraud controls, according to a worldwide survey by the Association of Certified Fraud Examiners (ACFE).  Antifraud experts say formal controls can help small businesses prevent and detect instances of fraud that, left undiscovered, could lead to costly losses and possibly...