1. Featured Articles

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    1. Valerie Barckhoff Joins Windham Brannon’s Healthcare Practice

      Windham Brannon is pleased to announce the hiring of Valerie Barckhoff as a principal in our Healthcare practice. Valerie will join practice leader Cheryl Yarbrough in providing Windham Brannon clients—including physician groups, hospitals, home healthcare organizations and medical technology companies—access to unparalleled expertise from across the healthcare landscape.

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    2. ICD-10 Delay and Medicare Sustainable Growth Rate Fix

      ICD-10 Delay and Medicare Sustainable Growth Rate Fix

      On March 31, 2014, the Senate passed a bill that both delays a reduction in Medicare payments and delays the ICD-10 compliance date until October 1, 2015.  The Centers for Medicare and Medicaid (CMS) has stated on many occasions that there would be no delay in the October 2014 date, but Congress listened to many providers about the concerns and anticipated cash flow impacts.

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    3. Panel Recap: Economic Incentives to Drive International Growth in Georgia

      Last week, a group of Atlanta’s top business leaders gathered for an informational roundtable on the “Use of Economic Incentives to Drive International Growth in Georgia” at an event co-sponsored by Windham Brannon and Global Atlanta. Panelists included: Elmer Stancil, Community and Government Relations Manager for the Georgia Department of Economic Development; Brad Dickson, Tax Principal, Windham Brannon; and John Gornall, Jr., Partner, Arnall, Gordon, Gregory.

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    4. Georgia Manufacturers to Receive Exemption on Purchase of “Consumable Supplies”

      The Georgia Legislature passed HB 900 on March 20, 2014, which will further expand the sales tax exemptions afforded to manufacturers to include “consumable supplies” used in the manufacturing process.  Consumable supplies are generally items used in the manufacturing process, but are not part of the finished product.  Examples of consumable supplies include abrasives, various gases, chemicals, machinery lubricants and other short lived property that does not qualify as “raw materials” or as a “repair parts”.

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    5. SOC 2 Reporting: Building Efficiencies to the Examination Approach

      Since the transition from Statement on Auditing Standards (SAS) 70 to Service Organizational Controls (SOC) examinations, many service organizations (and auditors alike) have struggled with the interpretation of the new standards, namely with the American Institute of Certified Public Accountant’s (AICPA)  Trust Services Principles (TSP) in support of SOC 2 examinations.  Designed for service organizations that provide a non-financial reporting service, TSPs provide a framework of control criteria centered on five key principles: availability, confidentiality, processing integrity, security, and privacy.  One of the early concerns by SOC auditors was that certain control criteria appeared redundant across multiple principles.  For ...

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    6. The Skinny on Georgia Tax Bills This Session

      The 2014 Session should be fast but not so furious.  Even with delays from inclement weather, 2014 sine die will occur weeks earlier than last year.  Below are some of the tax bills that I am tracking from the Session that has produced less than the normal proliferation.  Also included are passage probability factors provided by the Atlanta Journal-Constitution Legislative Navigator (http://legislativenavigator.myajc.com/) and those provided by me.

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    7. IRS Changes “Use-It-Or-Lose-It” Rule for Healthcare Flexible Spending Arrangements

      Many employers offer healthcare flexible spending arrangements (health FSAs) as part of their cafeteria benefit plans.  Used by over 14 million people, a health FSA provides a tax-advantaged way for an employee to pay for qualifying medical expenses by making an annual pre-tax account contribution of up to $2,500.  Traditionally, the employee forfeits any money left unspent in the health FSA at the end of the year under what is commonly referred to as the “use-it-or-lose-it” rule.  The employer may provide a grace period of up to 2 ½ months after the end of the year for an employee to ...

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    8. DOR EXTENDS RELIEF TO BUSINESSES AFFECTED BY SNOW STORMS

      ATLANTA–The Georgia Department of Revenue is providing tax relief to businesses affected by the snow storms that occurred the week of January 27, 2014. This announcement coincides with the State of Emergency issued by Governor Nathan Deal. For businesses whose principal place of business is located in Georgia and which have been affected by the snow storms, the Department is postponing until February 7, 2014, the deadlines for withholding tax returns and payments that were due on January 31, 2014. The relief also applies to taxpayers not in Georgia but whose records are located in Georgia

      Any business, including ...

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    9. Business License Renewals Now Require E-Verification for Most

      On July 1, 2013, Georgia expanded its E-Verification enrollment requirement to include employers with more than 10 employees. Previously, the E-Verification requirement applied to employers with more than 100 employees.  For some, this requirement may go unnoticed until the local business license is renewed.  Prior to issuing a business occupation certificate (business license), Georgia counties and municipalities are required to obtain an employer’s affidavit attesting to registration and use of the federal E-Verify work authorization program.   Similarly, employers with 10 or fewer employees are required to submit affidavits that they are exempt because of their employment levels.  Employment is ...

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    10. Implications for the new IRS Repair Regulations

      On September 13, 2013, the IRS issued the final version of regulations governing the tax treatment of costs incurred for acquiring, producing, maintaining, and improving tangible property, also known as the “repair regulations.”  Effective for 2014, the final regulations are generally considered to be taxpayer-favorable and provide several safe harbor provisions to help minimize the administrative burden for many taxpayers.  These include:

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    11. New Tax Rules and Rates Increase Need for Year-End Planning

      The 2013 tax year brings a host of changes to the tax laws for individual taxpayers.  Probably the most important changes relate to the tax rates for high income earners.  Beginning January 1, 2013, the top marginal rate goes from 35% to 39.6%.  In addition, the Patient Protection and Affordable Care Act tax of 3.8% kicks in for high income earners.  Also, the long term capital gains and qualified dividend rates for high income earners goes from 15% to 20%. With all the increases in tax rates, year-end planning becomes that much more important.  Here are just a ...

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    12. Act Fast: Tax Deductions and Credits Set to Expire in 2013

      Over 50 business and individual tax credits and deductions are set to expire at the end of the year.  Congressional action could happen before year end, or even after year end, to extend some or all of the expiring provisions.  Unfortunately we don’t have a crystal ball, so it is important to act now to take advantage of these deductions before December 31, 2013.  The following lists of some of the more common credits and deductions scheduled to vanish.

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    13. Georgia's 2014 Qualified Education Expense Credit - Get 'Em While They Last!

      In 2008, Georgia created student scholarship organizations (SSOs) to which Georgia individual and corporate taxpayers can contribute in exchange for a state income tax credit and federal charitable income tax deduction.  The SSOs use contributions to award scholarships to K-12 students from  public schools so that they can attend private schools chosen by their parents.

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    14. COSO – 2013 Updates to the 1992 Framework | Windham Brannon

      The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its updated Internal Control – Integrated Framework in May 2013.  The original framework, released in 1992, has been adopted by a significant majority of U.S. public companies subject to the Sarbanes-Oxley Act Section 404 requirements in support of the assessment and reporting on the effectiveness of internal controls over financial reporting.  Since 1992, significant changes support the need to refresh the original framework.  Some circumstances contributing to the need for change include greater use of outsourced service providers, increased regulation and compliance imposed on public companies, reliance on technology ...

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    73-96 of 120 « 1 2 3 4 5 »
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