Latest News

HLBGC Attends International Law Firm Open House

Jennifer Harrison and Ronica Brown recently attended the open house for HBSS, an international law firm. Many friends of the firm were in attendance. HBSS Partner, Richard Schenis is also the President of the Netherlands Chamber of Commerce, an organization in which HLB Gross Collins, P.C. actively participates. HLB Gross Collins, P.C. is committed to building strong relationships with professionals... Read More

Risky Places to Give Your SSN

Leading anti-virus software company, McAfee recently released a list of the top ten riskiest places to give out your social security number. Sometimes it is unavoidable but you might think twice about providing your number after seeing some of the surprising places that made the list. In many cases, you are required to provide a social security number in order to conduct business with these places. The... Read More

Don’t Forget About Year End Tax Planning

As the holidays approach, many people are spending a lot of money trying to find the perfect gifts for friends and family. But don’t forget that this time of year also presents opportunity to save money with careful year-end tax planning. As the end of the tax year approaches, it is a good idea to review your tax plan and look for overlooked deductiions and opportunities to take advantage of 2010... Read More

Ten Easy Financial Planning Tips

Financial planning can be challenging for some to keep up with. Even if you are not the most savvy of investors, there are some easy steps you can take can make a big difference in your overall financial plan. Set specific financial goals and create a one-year, five-year, and lifetime plan to achieve those goals. Have an emergency fund set aside. It’s a good idea to have a cash reserve of 3-6 months... Read More

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 similar. This is a phishing scam and you should never respond to such emails or click any links within the email. The IRS does not communicate with taxpayers via email. If the IRS has a problem,... Read More

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 presentation will take place in Athens at 6:30 p.m. at Samford Hall. We will be hosting a coctail reception immediately following. Read More

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 strictly enforce the new Patient Protection and Affordable Care Act of 2010 (PPACA) requirement that Forms W-2 issued starting for the 2011 tax year include the cost of health coverage cost, the IRS is... Read More

HLBGC presence at recent seminar: Doing Business in Germany

Richard Taylor and Jennifer Harrison attended a seminar on October 12, 2010 to learn more about doing business with Germany and the cross-cultural differences between the German and American Cultures. The event was hosted by the German American Chamber of Commerce and was presented at the German Cultural Institute in Atlanta. The seminar discussed several professional and personal differences in German and... Read More

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 engineering move that does many things: Imposes gender and racial quotas on the financial services industry – today over 10% of the nation’s GDP. Establishes 29 new bureaucracies at the Federal level to... Read More