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Do Not Respond to Email Requests from IRS – Phishing Scam

Some taxpayers have received an email correspondence purporting to be from the IRS regarding EFTPS issues. The email states, “Last notice: Your Federal Tax Payment has been rejected” or something...

HLBGC to Present at UGA BAPsi

HLB Gross Collins, P.C. will be speaking at the BAPsi meeting in Athens on November 4, 2010. Representatives from HLBGC will present, “Mid-Size Firms Doing Business Internationally.” The...

IRS Relief From W-2 Reporting of Health Insurance Costs Until 2012 Tax Year

The IRS has provided a one-year grace period to employers from a new requirement to report the cost of employer-sponsored health insurance to their employees on Form W-2, Wage and Tax Statement. Rather than...

New “Gotcha” in Dodd-Frank Wall Street Reform and Protection Act of 2010

As is happening with increasing frequency, deep within this bill to reform Wall Street is a major grab for control of business behavior. Little known Section 342 is a dangerous and costly social...

Small Business Jobs Act puts More Capital in Hands of Entrepreneurs and Small Business Onwers

The Small Business Jobs Act, signed by President Obama on September 27, 2010, will provide critical resources to help small businesses continue to drive economic recovery and create jobs. The new law extends...

IRS Seeks Feedback on Health Care Reform’s Nondisrimination Rules

The IRS has requested comments on the new requirement that group health plans do not discriminate in favor of highly compensated employees. This treatment is mandated by the health care reform package...

IRS Will No Longer Mail Paper Income Tax Packages

Individual and business taxpayers will no longer receive paper income tax packages in the mail from the IRS. The IRS is taking this step because of the continued push for electronic filing and the...

How can it be an RIA “Surprise” Exam if You Hire Someone to Perform the Work?

Many Registered Investment Advisory Firms are taking action to be in compliance with the amended Custody Rule which requires advisers with custody of client assets to undergo a surprise examination of those...

401(k) Audits – Mandatory Filing for Benefit Plans

An annual filing of form 5500 is mandatory for retirement, health, and welfare benefit plans. Plans with over 100 participants at the beginning of the plan year are considered to be a “large...

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