Latest News

September 9 is Deadline for OVDI

Late on Friday August 26, the IRS announced that it was extending the August 31, 2011, deadline for the Offshore Voluntary Disclosure Initiative (OVDI) to September 9, 2011, because of the potential impact of...

HLBGC Client, PARTS, Inc. Recognized with Prestigious Award

We would like to congratulate our client, Parts And Repair Technical Services, Inc. (PARTS, Inc.) for earning the U.S. Department of Commerce's Export Achievement Certificate. This award recognizes businesses...

Deadline for Second Special Voluntary Disclosure Initiative of Offshore Accounts

The IRS Has Issued the Following Reminder to Taxpayers Regarding Offshore Accounts: U.S. taxpayers hiding income in undisclosed offshore accounts are running out of time to take advantage of a...

Unwinding Roth Conversions

In view of the decline in the stock market, a taxpayer might wish to reverse a Roth IRA conversion if the value of the assets decreased following the conversion to avoid paying taxes immediately on a...

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...

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 –...

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...

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...

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...

News