Goldman Lawsuit Wrecks the Market … in one day.
The stock market has enjoyed 10 consecutive weeks of consistent upward movement and in one day the US Government lawsuit against Goldman Saks plays havoc on the markets. The S&P 500 drops 1.6% in one day on April 16th. The lawsuit stems from Goldman creating an investment product of Collateral Debt Obligations (CDO’s). What is a CDO? Having read many articles in the Wall Street Journal, it is... Read More
Beware of Tax-Related Scams
With the 2014 tax season well underway, the Internal Revenue Service urged taxpayers to be aware that tax-related scams using the IRS name proliferate during this time of year. Tax scams can take many forms, with perpetrators posing as the IRS in everything from e-mail refund schemes to phone impersonators. The IRS warned taxpayers to be vigilant of any unexpected communication that is purportedly from the... Read More
Treasury Goes Green, More Transactions Required Electronically
In an effort to reduce paper transactions, the Treasury has implemented a three-pronged approach to move toward electronic systems. Highlights of this initiative that will have a broad affect include the following: Individuals who receive Social Security, Supplemental Security Income, Veterens, Railroad Retirement and Office of Personnel Management benefits will wil required to receive these... Read More
Jeff Plank Talks Profit Enhancement, Tech Start-ups, Mindshop and More
Jeff has been with HLB Gross Collins for 14 years and is their Director of Consulting Services. HLB Gross Collins is a full service Certified Public Accounting and Consulting firm provides traditional accounting & audit services and specialized technical guidance for international tax, estate, and business consulting. Jeff graduated with an MBA from University of Chicago Booth School of Business... Read More