Latest News

Georgia Sales Tax Holiday

The Georgia Department of Revenue has issued an informational bulletin that provides notification of Georgia’s 2013 sales tax holidays. The exemptions from state and local sales and use tax will apply to certain items of tangible personal property sold during the period that begins at 12:01 A.M. on August 9, 2013, and ends at 12:00 Midnight on August 10, 2013. A second period begins at 12:01 A.M. on... Read More

Report of Foreign Bank and Financial Accounts (FBAR) Due June 30

Form TD 90-22.1, Report of Foreign Bank an Financial Account (FBAR) is due June 30 with no extensions. FBAR must be filed if a United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported. United... Read More

Pauline Reynolds Named Pinnacle Professional & Featured in Wall Street Journal

HLB Gross Collins, P.C. shareholder, Pauline Reynolds, was recently recognized by Continential Who’s Who as a Pinnacle Professional. This recognition highlights individuals and organizations each year who stand out in their specific field. The Wall Street Journal published an article highlighting this accomplishment. Click here to read the article. Congratulations Pauline! Read More

IRS to be Closed May 24 & Four Other Days

The Internal Revenue Service announced today additional details about the closures planned for May 24, June 14, July 5, July 22 and Aug. 30, 2013. Due to the current budget situation, including the sequester, all IRS operations will be closed on those days. This means that all IRS offices, including all toll-free hotlines, the Taxpayer Advocate Service and the agency’s nearly 400 taxpayer assistance... Read More

Qualified Education Expenses Credit Amended

Legislation has been enacted that amends the qualified education expenses tax credit available against Georgia corporate and personal income tax liabilities. Applicable to taxable years beginning on or after January 1, 2013, the credit is available to an individual who is a member of an LLC, a shareholder of an S corporation, or a partner in a partnership for the amount expended or $10,000 per year,... Read More

Congratulations Manufacturing Resources International and Bluewater Energy – 2013 Global Impact Awards

We would like to extend our congratulations to two of our clients: Bluewater Energy and Manufacturing Resources International. Both companies were named as finalists in the 2013 Metro Atlanta Chamber Global Impact Awards. This prestigious award recognizes organizations in the metro Atlanta area that have played a significant role in increasing high quality job creation by attracting capital... Read More

Massachusetts Extends Tax Deadline

Massachusetts Revenue Commissioner Amy Pitter has announced that the Department of Revenue will extend the tax day deadline to at least April 23, 2013, giving taxpayers impacted by the tragic events at the Boston Marathon another week to file their state personal, business and corporate income tax returns, extensions and tax payments. The IRS announced a three-month tax filing and payment extension to... Read More

Nonprofit Seminar, Do More With Less

HLB Gross Collins, P.C. and Rosebud Technologies recently presented, “Do More With Less -Untapped Technology Solutions for Nonprofit Organizations.” Wayne Gilmore, the firm’s Nonprofit Practice Leader, organized this interactive, hands-on event in order to share technology solutions available at little to no cost for qualifying nonprofit organizations. Nonprofit organizations generally... Read More

Dirty Dozen Tax Scams

The IRS issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to protect themselves from a range of schemes that appear during filing season as individuals prepare their tax returns. Identity theft tops the list and the IRS is taking special steps to help victims of identity theft and refund fraud. The IRS focuses on fraud prevention, early detection and victim assistance, and... Read More