Latest News

Unused ITINS to Expire After Five Years

Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years, the Internal Revenue Service announced today. To give all interested parties time to adjust and allow the IRS to reprogram its systems, the IRS will not begin deactivating ITINs until 2016. The new, more uniform policy applies to any ITIN, regardless of when it was issued.... Read More

HLB Gross Collins is Pleased to Sponsor the Transatlantic Business Conference

HLB Gross Collins, P.C. is honored to be a key sponsor of the 2014 British American Business Council Transatlantic Conference. With top business leaders from the UK and US, as well as some of the most prominent executives engaged in transatlantic business, this forum sets the stage for fruitful networking and development of business relationships with potential clients and business partners throughout... Read More

Georgia—Sales and Use Tax: Consumable Supplies Added to Manufacturing Exemption

Georgia legislation has been enacted affecting the sales and use tax exemption that applies to (1) the sale, use, or storage of machinery or equipment necessary and integral to the manufacture of tangible personal property; and (2) the sale, use, storage, or consumption of industrial materials or packaging supplies. Under the amendments in the legislation, “consumable supplies” are expressly... Read More

85 Broads Launches Atlanta Chapter

On March 6th, 85 Broads launched its Atlanta Chapter with great success. The Chapter hosted Sallie Krawcheck, former finance executive and current CEO of 85 Broads, to share her vision around “investing in women” and to help shape the focus of the recently launched Atlanta Chapter. HLB Gross Collins, P.C. Shareholder and Chairman of the Board, Beth Salvati, was among a select group of women invited to... Read More

Tom Breedlove Named President of British American Business Group

HLB Gross Collins, P.C. Shareholder Tom Breedlove has been named President of the British American Business Group. On April 8, 2104 HLB Gross Collins, P.C. hosted members and guests of the British American Business Group where Tom was formally introduced by outgoing president, Claire Newman. The British American Business Group is the premier transatlantic association dedicated to promoting connections,... Read More

HLB KMC West Africa: two HLB professionals selected in President Barack Obama’s Young African Leaders Initiative

Kader Kaneye, Managing Partner of HLB KMC West Africa, and Raynatou Baro, Head of the firm’s women initiative “Ladies Hub”, have just been selected as part of the 500 young African leaders of the Young African Leaders Initiative (YALI), created and supported by US President Barack Obama, out of 50,000 candidates. President Obama’s vision for this programme is to support young leaders whose... Read More

TIGTA Warns of “Largest Ever” Phone Fraud Scam Targeting Taxpayers

The Treasury Inspector General for Taxpayer Administration (TIGTA) today issued a warning to taxpayers to beware of phone calls from individuals claiming to represent the Internal Revenue Service (IRS) in an effort to defraud them. “This is the largest scam of its kind that we have ever seen,” said J. Russell George, the Treasury Inspector General for Tax Administration. George noted that TIGTA has... Read More

French Duncan Joins HLB International as Exclusive Scottish Representative

Leading mid-tier accountancy firm French Duncan has joined HLB International, a leading worldwide network of independent professional accounting firms and business advisers, as its exclusive Scottish representative. HLB International services clients through its member firms in over 110 countries, their 1,700 partners and 14,000 staff in 500 offices worldwide. Member firms are well-established locally with... Read More

Beware of Scam IRS Notices

Over the last couple of years, there have been a lot of identity theft attempts sent in the guise of an IRS request for information or some kind of notification, such as the rejection of an automated payment. Please do not open any links in these notices. These scams can take place via email (phishing schemes), phone or fax. In some cases, taxpayers receive a form via fax and are asked to fill out... Read More