Latest News

Client news: Georgia Healthcare Leadership Council Featured in AJC

With the many health care issues that we are faced with, one major issue and area of confusion is in pricing. The Georgia Healthcare Leadership Council (GHLC) is committed to delivering objective analyses and solutions of health care data that yield value for all health care constituents. Through price transparency, GHLC empowers consumers to determine how their health care dollars are spent. In... Read More

Tom Breedlove Acting Committee Chair for British American Business Group

Tom Breedlove, a Principal in the firm and International Business Expert, is a committee chair for the British American Business Group’s (“BABG”) Trade Committee. The committee’s primary focus is a target marketing initiative responsible for identifying and procuring new members for the BABG. Tom leads the marketing and business development effort for HLB Gross Collins, P.C. and believes... Read More

Tom Breedlove Attended Global Impact Awards

Tom Breedlove, a Principal of the firm and international business expert, recently attended the Metro Atlanta Chamber’s inaugural Global Impact Awards. The luncheon, held at the Intercontinental Buckhead Hotel, honored winners in four categories including Foreign Investment, International Trade and Business Development, International Organization, and Service Provider. Tom’s hopes to submit... Read More

HLB Gross Collins Winner of 2009 Client Advisor Award

HLB Gross Collins P.C. is proud to be named the winner of the 2009 Client Advisor Award in the Mid-sized Firm Category. In its fourth year, the Client Advisor Awards recognizes those companies who have demonstrated a world-class approach to the relationship between professional service firms and their clients. Nominess are evaluated based on their excellence in 5 areas – collaboration, creativity,... Read More

Proposed Regulations Encourage Automatic 401(k) Contributions

The Pension Protection Act of 2006 (PPA) provided several changes to current 401(k) rules. Perhaps the most beneficial is the automatic enrollment feature. Effective for plan years beginning on or after January 1, 2008, employees are automatically enrolled in the employer’s 401(k), 403(b) or 457 plans unless they opt out. The PPA preempts many states’ laws that preclude automatic enrollment.... Read More

What is 409A and How Does it Affect You

The IRS has changed the rules governing deferred compensation. Internal Revenue Code (IRC) Section 409A sets more stringent guidelines for private companies when issuing stock options and other forms of non-qualified deferred compensation. Deferred compensation is compensation that promises the benefit in one year and pays the benefit in another year. Section 409A was added to the IRC by section 885 of the... Read More

Understanding Sustainable Competitive Advantage

Knowing your company’s Sustainable Competitive Advantage (SCA) is critical, as it is used as a filter for all the issues that an organization faces. It is also used as a method to allocate resources such as time and money to the issues that will allow the organization to win in the market place. It focuses on two important attributes: Key success factors that would be considered of high value by your... Read More

Social Media Users Beware – The Tax Man Cometh

Social networking is the latest rage among the masses, and it seems that even the Internal Revenue Service has decided to log on. Both federal and state revenue agents have reportedly been nabbing delinquent taxpayers by using Facebook, MySpace, Twitter, and other social networks. Google is also an important new tool for tracking down tax dodgers. In one reported case, the tax man logged on to MySpace and... Read More

The Impact of the Stock Market on Your 401(k)

The U.S. financial markets crisis reached a critical stage during September 2008 when the global credit markets experienced severe contracted liquidity after the bankruptcy of investment house Lehman Brothers and the $85 billion government bailout of insurer American International Group on September 16. With the credit crisis taking out some of Wall Street’s biggest players, it had yet to really affect... Read More