Market Watch – Is the Euphoria Over?
…For Now The equity market has rallied relentlessly for 12 of the last 14 months. But now it is facing headwinds that perhaps will be cause for another equity correction. How deep, no-one knows. During this 14 month rally, corrections have occurred just as the quarterly earnings season winds down, which is precisely where we are right now. Will this pattern continue? Make no mistake about it,... Read More
Is Buy and Hold the Best Investment Strategy?
Academic studies show that you should not attempt to time the market; you may miss the good times if you do. This is the buy and hold proponent’s favorite argument. Yet there is more to this study that offers another, very important point of view. An investment in the S&P 500 Index for the period 1990 to 2008 in a buy and hold mode returned 5.0% annualized, yet if you missed only the 40... Read More
Beware of Scam IRS Notices
Over the last couple of years, there have been a lot of identity theft attempts sent in the guise of an IRS request for information or some kind of notification, such as the rejection of an automated payment. Please do not open any links in these notices. These scams can take place via email (phishing schemes), phone or fax. In some cases, taxpayers receive a form via fax and are asked to fill out... Read More
Healthcare Reform and Washington – Sen. Saxby Chambliss, Rep. Paul Broun, Rep. Tom Price, April 21, 2010
Date: April 21, 201 Guest: Senator Saxby Chambliss, Rep. Paul Broun, Rep. Tom Price Listen to show. Today we have a different format for Gross Realty. We have assembled a group of leading local politicians to share perspectives and reactions regarding health care. I’m delighted and honored to have guests who represent the State ofGeorgia, Senator Saxby Chambliss, Representatives Paul Broun and Tom... Read More
Georgia’s Title Ad Valorem Tax
Motor vehicles purchased on or after March 1, 2013 and titled in Georgia are exempt from sales and use tax and annual ad valorem tax, also known as the “birthday tax”. These taxes are replaced by a one-time tax that is imposed on the fair market value of the vehicle called the title ad valorem tax fee (“TAVT”). The fair market value is the taxable base of the motor vehicle. The... Read More
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