The straight line

After 38 years of service with the firm, auditor Dave Grandgenett will be retiring at the end of 2011. We at Gardiner Thomsen are sad to see him go, but at the same time we like to remember the many years that Dave has faithfully served the firm.

As you all are aware of by now, with OSHA’s increased oversight on grain bins, we have not been entering the bins as we have in the past. Even if we wanted to enter the bins, you have done a good job of recognizing the necessity of complying with the OSHA standards. Neither of us want an accident or a fine for violating the rules. They are not cheap.

Properly classifying a worker as an independent contractor can save a company payroll tax dollars, but an improper classification can subject the company to back payroll taxes, penalties and interest.

With the recent “relaxation” of the new tougher 1099 reporting requirements, there seems to be a misconception that 1099’s are no longer required. This misconception could prove costly to you and your organization.

We are happy to announce that with the growth of our Lincoln, Nebraska office, we’ve had to move into a larger location. Don’t worry, we didn’t move far, but if you’d like to get directions or drop by to see the new location, just give us a call! Please make a note that our new address is: Gardiner Thomsen CPAs 5901 S. 58th St. Suite F Lincoln, NE 68516 (402) 475-3482

Over the past few years or so, issues have arisen in our world of accounting for cooperatives that have brought the way we historically looked at property, plant and equipment, and the depreciation of those assets, under question.