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Benefits of the US Adopting IFRS

The new chairman of the International Accounting Standards Board recently discussed the economic benefits of US adoption of IFRS accounting standards. Hans Hoogervorst argued that the US would fulfil a G20 commitment to adoptworldwide uniform accounting standards if it endorses International Financial Reporting Standards. He further explained that US businesses would benefit financially because having a global... Read More

Maximizing Value of your Business for a Liquidity Event

Began business with a vision of tangible accomplishment. Cash flow to support a future lifestyle Accomplish goals with special and nimble approach which others are not Large company – bureaucracy Political stalemate in existing company – family or deep bench to work through. Idea of technology or new business process that can change a market New technology for old problems – changing of the... Read More

HLB International Appoints New Member in China

HLB International, the international accountancy network, has signed a new member firm in China. Joining the network is Zhejiang Dewei Certified Public Accountants Co.,Ltd. (Zhejiang Dewei) based in Ningbo, the north eastern Zhejiang Province in Eastern China. Rob Tautges, Chief Executive of HLBI commented: “We are very pleased to announce the addition of Zhejiang Dewei to HLB China. This firm is the... Read More

Does Your Business Need a Tune Up? Try our GPS Diagnostic

Just as we take our car to the shop for a diagnostic to make sure everything is running correctly, business owners should periodically perform a diagnostic on their business. HLB Gross Collins has now added a business diagnostic tool to our website that allows business owners to do just that. The GPS diagnostic is a simple but powerful tool to help you pinpoint key opportunities for increasing the level... Read More

HLB Fast & ABS Auditores Acquires Jimenez Asociados

HLB Fast & ABS Auditores, HLB International’s member firm in Colombia, has acquired accounting firm Jiménez y Asociados with offices in Bogota and Medellin. José de Jesús Hernández Herrera, International Contact Partner of HLB Fast & ABS commented: “Through our recent merger HLB Fast & ABS has gained a significant place in the Colombian market with increased nationwide coverage.... Read More

IRS Plans to Discontinue High-Low Method for Substantiating Travel Expenses

The IRS has announced it will discontinue the high-low method for substantiating travel expenses. The agency did not specify when the high-low method will be discontinued but indicated that additional guidance will be issued. Brian Mullen, CPA, president-elect of the south-central chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) predicted that discontinuance of the high-low... Read More

Secretary of State Kemp Alerts Georgia Corporations about Solicitations

Georgia Secretary of State Brian Kemp alerted corporations today that his office has received complaints about solicitations sent from a firm called “Compliance Services.” The firm offers to complete corporate meeting minutes on behalf of Georgia corporations for a fee. Despite the implications contained in the solicitation, Georgia corporations are not required by law to file corporate minutes with the... Read More

HLB Italy Signs New Member Firms

HLB Consultants Italia, HLB International’s member firm federation for consultancy and tax advisory in Italy, is delighted to announce the appointment of Studio CD Tax and Law firm in the Abruzzo region of Italy. Studio CD Tax and Law, based in Pescara is adding to HLB Italy’s current presences in Milan, Turin, Rimini, Venice, Olbia and Catania. Andrea de Vecchi, managing partner at HLB Consultants... Read More

HLB Gross Collins, P.C. sponsors Global Connect

On July 21, HLB Gross Collins, P.C. was a sponsor at Global Connect, a networking function with 38 Bi-National Chambers present. Eight professionals from our firm attended and networked with other business professionals from all around the world. There were also food selections from around the world. HLB Gross Collins, P.C.’s international niche is one of the fastest growing niches within the... Read More