News

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... Continue Reading

The Georgia Department of Revenue has amended its regulation concerning electronic funds transfer, credit card payments, and electronic filing requirements for multiple tax types. Specifically, the ACH debit... Continue Reading

In April, President Obama signed the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (2011 Taxpayer Protection Act). Previously, the Patient... Continue Reading

The IRS announced a mid-year adjustment to the 2011 optional mileage rates to reflect an increase in gasoline prices since the rates were set in late 2010. The business standard mileage rate rises to 55.5... Continue Reading

Effective July 1, 2011, the business standard mileage rate increases from 51 cents-per-mile to 55.5 cents-per-mile for business miles driven on or after July 1, 2011 and on or before December 31, 2011. The... Continue Reading

In mid-June, many of our firm members headed to the Ocoee River for a whitewater rafting trip. There were 22 people in all daring the rapids- 11 firm members, along with some of their friends and family. The... Continue Reading

Beginning in January 1, 2012, the Michigan Business Tax is being discontinued and will be replaced by a corporate tax. S corporations and other passthru entities are not subject to the corporate level... Continue Reading

Notice 2011-54 provides for additional time to file FBAR for individuals with signature authority but no direct financial interest in a foreign account.  The extension of time is now until November 1,... Continue Reading

 Business planning can be either extensive or simple. Where do you want to go? How are you going to get there? What resources do you need to accomplish this? How will you know when you are there? ... Continue Reading