Are You Doing Enough to Protect Your Business from Costly Financial Errors
Material inaccuracies in reporting income taxes lead to restatements, and no business wants to deal with restating quarters and even years of results. Read more.
HORNE’s Growing Healthcare Delivery Institute Adds Brown to Leadership Team
Ridgeland, Miss., June 30, 2014 -HORNE LLP announced today the hiring of Alexandra Brown, M.D., as the associate director of its Healthcare Delivery Institute. Read more.
HORNE Tax Updates
View up to date tax information from HORNE's tax team Read more.
Health Care in a Post-ACA World
October 8-10, 2014: Tampa, FL - The American Society for Clinical Pathology Annual Meeting brings together leaders in pathology and laboratory medicine to discuss global health issues and best practices, and innovations in the field. Read more.
Mississippi Legislature Passes Important Tax Reforms
The Mississippi Legislature overwhelmingly passed House Bill 799, which provides important reforms in the interest rates, application of penalties, and the audit process and taxpayer appeals, on April 1, 2014. Read more.
HORNE LLP Named Top 50 Accounting Firm in the U.S.
RIDGELAND, Miss., March 12, 2014 - Accounting Today named HORNE LLP to the 2014 Top 100 Firms list. HORNE ranked as the 49th largest firm in the nation based on 2013 net revenue. This year's announcement is HORNE's fourth top 50 ranking in the last five years. Read more.
New Qualified Mortgage Standards Push Smaller Banks Out of Home Lending
In an interview with the Memphis Business Journal, Partner James Gordon sheds light on the new qualified mortgage standards and its effect on home lending for smaller banks. Must be a subscriber to view full article. Read more.
Spotting and Preventing Fraud
In an interview with the Greater Baton Rouge Business Report, Fraud, Forensic and Litigation HORNE Partner Jeff Aucoin points out ways to spot fraud and offers common prevention methods. Read more.
The Three E’s of Tax Policy
HORNE Tax Partner John Scott overviews the three E's of tax policy and the negative repercussions for failing to address them. Read more.
Reducing Variation: The Cure for Health Care Cost Challenges
It is in the ability to identify and reduce variation at the clinical process level where we find hope in solving the health care cost conundrum. All stakeholders - including outside consultants such as attorneys, accountants, IT and management specialists - need to understand the principles of statistical process control in the health care environment and how they improve quality and lower costs. Failure to do so can lead to reshuffling of the "inner circle" for decision making, and those once in position to guide facilities through disruptive change may find themselves on the outside looking in. Read more.
Winning the Upturn: Five Critical Factors for Creating Long-Term Value
In the half-decade since the financial crisis choked the American economy, we have learned that rapid growth and inflated real estate values, together with poor risk management and relaxed lending practices, compounded to create a false sense of financial security. Likely, 2014 will balance cautious optimism against ongoing margin pressures, risk and regulation. In this rapidly changing economic climate, banks can establish a foundation for immediate and ongoing success by focusing expertise, planning and intelligence in five key areas. Read more.
Mortgage Lending: Land of the Unknown
HORNE Partner James Gordon addresses the unknown of the current mortgage lending environment in an interview with Mississippi Business Journal. Read more.
HORNE LLP Welcomes 2014 Spring Intern Class
RIDGELAND, Miss., Jan. 8, 2014 - HORNE LLP, one of the top 50 accounting and business advisory firms in the nation, recently welcomed 25 accounting students to its highly competitive spring internship program. They will complete their internships at various HORNE office locations throughout the Southeast. Read more.
A Tax Reform Lump of Coal: Democrats, Republicans Far Apart on Any Overhaul of the Tax Code; Or Are They?
HORNE Tax Partner John Scott outlines the areas of agreement and disagreement among political parties concerning tax reform and compares them to the last overhaul of the tax code. Read more.
Talking Taxes: Inflation, Obamacare Influence Changes for Filers
An interview with HORNE Tax Partner John Scott looks at dozens of tax changes set to take effect in January that will be reflected in the 2015 filing season. Read more.
HORNE's Medical Office Staff Salary Survey Now Open
Competitive pay rates enable organizations to recruit and retain the best talent. HORNE's Medical Office Staff Salary Survey presents market rates of pay for a variety positions to help you better manage one of the single largest costs in your practice. Read more.
HORNE LLP Opens Medical Office Staff Salary Survey Oct. 1
RIDGELAND, Miss., Sept. 25, 2013 - Health care consulting and accounting firm HORNE LLP will open its Annual Medical Office Staff Salary on Oct. 1. The survey, now in its 21st year, presents market rates of pay for a variety of medical office positions. Read more.
Privacy and Security Considerations for Cloud Computing Services
Privacy issues and security considerations that exist when using cloud computing services written by Tony Brooks. This article was originally published in the 2013 AHLA Healthcare Compliance Resource Guide. Read more.
Convergence Coaching Spotlights HORNE’s Executive Partner
In this leadership spotlight authored by Michelle Baca, HORNE Executive Partner Joey Havens shares his leadership perspective and experience. Read more.
As the Taxes Turn
Tax Partner John Scott, CPA, contrasts the drama of classic daytime soap opera with the drama playing out in the nation's capitol concerning taxes. Read more.
Disaster Recovery in Housing a Multidisciplinary Approach
HORNE's disaster recovery team understands that disciplines of accounting, law, auditing, engineering, environmental science and business management should be the key components in executing a disaster recovery program. Read more.
HORNE LLP Named Top 10 Fastest Growing Accounting Firm in the U.S.
JACKSON, Miss., Aug. 16, 2013 - INSIDE Public Accounting has named HORNE LLP one of the Top 10 Fastest-Growing Firms in the U.S. The "IPA 100" list, now in its 23rd year of publication, also ranked HORNE as the 49th largest accounting firm in the nation based on 2012 net revenue. Read more.
IRS Changes Positions on Tax Treatment of Foreclosure Expenses
The IRS has recently changed its position regarding the requirement to capitalize expenditures related to foreclosed property owned by financial institutions. This article explains how deducting certain expenses for tax purposes provides an opportunity for banks to increase cash flow by reducing their current income taxes. Read more.
Louisiana Department of Revenue Announces Dates for its 2013 “Fresh Start” Tax Amnesty Period
The Louisiana Department of Revenue announced the official dates for the 2013 Tax Amnesty Period. The 2013 period will be two months in length, and will run from September 23, 2013, to November 22, 2013. This article outlines what the program covers, and how it applies to tax periods. Read more.
HORNE State and Local Tax Alert: MSDOR Implements New Online Filing System
As part of the implementation of the Mississippi Department of Revenue's (MSDOR) new software system, big changes are soon coming for sales and use tax filers. The MSDOR's previous online filing system, Click-2-File, will end September 23, 2013, when they begin to make the transition to the new Taxpayer Access Point (TAP) for sales tax reporting. If a business does not already have a Tax Account Number, then a Tax Account Number will be issued for filing and reporting taxes on October 7, 2013. This article explains MSDOR's standards as part of this change, and other important things to note when transitioning to this new system. Read more.
New Penalties Aimed at The Construction Industry For Misclassifying Workers
This article outlines what the new Tennessee Department of Labor and Workforce Development law prohibits, and what employers should do to properly classify workers in order to avoid penalties. Read more.
HORNE Enrolling for Fall and Winter Terms of ATP in Healthcare Delivery Improvement
The Medical News profiles HORNE's Advanced Training Program (ATP) in Healthcare Delivery Improvement. The ATP provides healthcare providers, administrators and executives the essential tools needed to prepare for post-health reform change by addressing ways to increase quality and reduce cost. Read more.
Key Provision of Healthcare Reform Delayed Until 2015
In a decision announced by the Treasury Department on July 2, 2013, businesses that do not provide health care insurance in 2014 will not be penalized. What has been considered a major requirement of the Affordable Care Act, enforcement of the "employer mandate" has been delayed until 2015. Read more.
ACO Shared Savings Distribution Models
Under the Shared Savings Distribution Waiver, the Stark law, Federal anti-kickback statute (AKS), and the gain sharing civil monetary penalties law are waivedwith respect to the distribution or use of shared savings earned by an ACO, provided all of the required conditions are met, most notably that the shared savings are used for activities reasonably related to the purposes of the MSSP. Read more.
HORNE LLP’s Healthcare Delivery Institute Graduates Inaugural Class from the Advanced Training Program in Healthcare Delivery Improvement
JACKSON, Miss., May 31, 2013- The Healthcare Delivery Institute at HORNE LLP recently announced the graduates of its Advanced Training Program in Healthcare Delivery Improvement. The ATP provides course participants with the essential tools needed to improve healthcare value through process improvement. Course content includes improvement theory, understanding data, clinical integration and leadership skills. Read more.
Delivery Reform – Hospitals of the Future
Data-driven change is the key to hospitals improving quality and reducing costs. With this focus, hospitals will see performance improvement and cost savings in a period of months instead of a period of years. This whitepaper explains how using data, healthcare analytics, and clinical work teams can help reduce variation that lead to lowering costs. Read more.
New Rule Proposed to SEC Could Affect NASDAQ Listed Companies
On February 20, 2013, the NASDAQ Stock Market ("NASDAQ") filed with the Securities and Exchange Commission ("SEC") a proposed rule to require NASDAQ listed companies to establish and maintain an internal audit function. On March 4, 2013, the SEC published the proposed ruling for comment. Read more.
How the Allina vs. HHS Case Could Increase Your DSH Payments
The U.S. District Court recently ruled that the formula for calculating Medicare disproportionate share hospital (DSH) payments is flawed. This article provides a brief summary of the court case, its history, and how it could affect hospitals. Read more.
DSHing About DSH Cuts: Preparing for Dramatic Change
Whether the major DSH cuts outlined under the Affordable Care Act will be balanced out by greater volumes of newly insured patients is anyone's guess. But one thing is certain: DSH cuts are coming ... soon. Read more.
Backup Electronic Information Storage: Know Your Options Before You Choose
Multiple options exist for protection and backup storage of electronic health records and other important hospital electronic data. Each comes with its own advantages and disadvantages which are explored in this article. Read more.
Tax Tips: A Health Care Reform Primer
What seemed to be a long way away in the spring of 2010 is standing on the doorstep knocking in the spring of 2013. Now is the time to address what employers should know and what they should do in preparation for January 1, 2014, when a majority of PPACA legislation kicks in. Read more.
Greg Anderson’s Series on Various Compensation Valuation Arrangements
RIDGELAND, Miss., April 2, 2013 - HORNE LLP's Gregory D. Anderson, CPA/ABV, CVA, authored four chapters in the recently published BVR? AHLA Guide to Healthcare Industry Compensation and Valuation. The book is the first comprehensive body of knowledge for the emerging appraisal discipline of compensation valuation (CV) in the healthcare industry. Read more.
Filing Taxes: Lots of Changes, Procrastination
A host of tax changes from "fiscal cliff" legislation and a later-than-usual start to filing season could spark more taxpayers to file their returns this year before the traditional April 15 deadline. Read more.
Positioning to Deal with Change
An interview with HORNE Tax Partner John Scott about some of the changes that are on the horizon for business of all sizes in the coming months and years. Read more.
HORNE LLP Named Top 50 Accounting Firm in the U.S.
RIDGELAND, Miss., March 15, 2013 - Accounting Today has released its annual list of Top 50 accounting firms and ranks HORNE LLP as the 49th largest firm in the nation by revenue. HORNE ranks as the fourth largest accounting and business advisory firm in the Gulf Coast region with 12 offices spread throughout the Southeast in five states. Read more.
Community Banking: The Evolution
Federal Deposit Insurance Corporation (FDIC) released the results of its yearlong Community Banking Initiative (CBI) in late December 2012. The CBI was launched to gain a better understanding of the evolution of community banking during the past 25 years as well as current challenges and implications for the future. Read more.
HORNE LLP Promotes Karen Taylor to Director
JACKSON, Tenn., Feb. 7, 2013 - HORNE LLP, one of the nation's top accounting and business advisory firms, announced today that Karen Taylor, CPA, has been named the director of business advisory and accounting services. Read more.
HORNE LLP Welcomes 2013 Spring Intern Class
RIDGELAND, Miss., Feb. 8, 2013- HORNE LLP, one of the top accounting and business advisory firms in the nation, recently welcomed 26 accounting students to its highly competitive spring internship program. Read more.
Boost Your Bonding Capacity with Shareholder Loans
One strategy that a construction business can use to enhance its financial position and boost its bonding capacity is to have the owners make loans to the company. So long as these "shareholder loans" are subordinated to bond claims, most sureties will treat the proceeds as a capital equivalent in evaluating a company's bonding capacity. This article discusses the advantages of these loans and the criteria they must meet. Read more.
HORNE Stands Out Because of Its Breadth of Capabilities
HORNE LLP's growth in the Southeast and in the nation is spotlighted in this article that outlines keys to the firm's success and the philosophy of client service. Read more.
The New Reality: Taxes
This interview with HORNE Tax Partner John Scott, CPA, looks at the reality of the tax situation post-fiscal cliff resolution. Read more.
Cliff Diving 101
Sports and politics have a lot in common. There's the drama and uncertainty. There's the stark contrast between winning and losing. And there are the unscripted moments that make for compelling storylines. At present, President Obama and the Congress are participating in their own sport of cliff diving, better known as the fiscal cliff, and the potential outcomes couldn't be any more severe. The one thing that now seems certain is that taxes, especially on high income taxpayers, will be higher in 2013 than 2012. And, they may be significantly higher in years to come. That means steps to permanently reduce your total tax liability have to be undertaken now or never. Read more.
CPA Firm HORNE Expanding to Triad Centre in Memphis, Adding to Work Force with Additional Space
HORNE is set to occupy its new space at Triad Centre on Dec. 1. The relocation adds square footage and room for growth as the firm continues to expand in the Memphis market. Read more.
HORNE Awards American Cancer Society $50,000 in Honor of Firm’s 50 Years in Business
RIDGELAND, Miss., Oct. 10, 2012 - HORNE LLP, one of the nation's top accounting and business advisory firms, presented the American Cancer Society's Mid-South Division with $50,000 today at a news conference held in Ridgeland. HORNE Executive Partner Joey Havens presented the check in honor of the firm's 450 team members. Read more.
The tax rules for 2013 are completely up-in-the-air, and some taxes certainly appear to be headed higher. Read more.
American Cancer Society’s Mid-South Division Wins HORNE’s $50,000 for 50 Years Contest
RIDGELAND, Miss., Oct. 1, 2012 - HORNE LLP, one of the nation's top accounting and business advisory firms, announced today the winner of its "$50,000 for 50 Years" charity donation contest is the American Cancer Society's Mid-South Division. The announcement coincides with the 50th anniversary of the firm's founding on Oct. 1, 1962. Read more.
The Value of Clinical Co-Management
Reform legislation has created a need for more integrated delivery systems based on a culture of quality-focused and cost-efficient clinical management. In response, many health care systems have begun implementing clinical co-management arrangements (CCMAs) to accomplish the physician alignment and integration required to achieve these goals. Read more.
Upcoming Changes to Lease Accounting
Accounting for leases of equipment, property, and other types of assets is set to change in the near future. As part of a convergence project by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), leases will be accounted for on the proposed right-of-use model. Read more.
Supporting Your Work Flow With Cash Flows: Effective Cash Flow Management for the Construction Industry
A look at eight important strategies to prevent cash flow delays. Read more.
Section 179D: Do You Know What You’re Missing?
Opportunities abound not just for the owners and tenants of commercial property, but for engineers, architects, designers, contractors, fabricators, suppliers, installers, operators, and anyone else who may be connected with equipping and maintaining such systems. Read more.
HORNE LLP Announces Finalists for $50,000 for 50 Years Contest
RIDGELAND, Miss., Aug. 20, 2012-HORNE LLP, one of the top accounting and business advisory firms in the nation, announced today the five finalists in its "$50,000 for 50 Years" charity donation contest. Finalists will participate in an online vote set to open Aug. 27. The finalists are: the American Cancer Society, Mid-South Division Inc.; The Exchange Club-Carl Perkins Center for the Prevention of Child Abuse; Friends of Children's Hospital; The Leukemia and Lymphoma Society and Ronald McDonald House Charities. Read more.
HORNE Health Care Team Opens 20th Annual Medical Office Staff Salary Survey
RIDGELAND, Miss., July 10, 2012 - HORNE LLP, one of the nation's top accounting and business advisory firms and one of the largest accounting firms in the Southeast dedicated to the health care industry, announced today the opening of its annual salary survey for medical office staff. Read more.
HORNE Taps Joe Havens as New Leader as Partner-Run Firm Celebrates 50th Year
HORNE CPAs & Business Advisors turns 50 this year. On May 3, the firm will mark another milestone by formally handing leadership of the partnership over to Joe D. Havens. Read more.
Health Care Reform Tax Revisions You Need to Know
The Supreme Court's decision to uphold the Affordable Care Act includes some of the most far-reaching legislation in recent memory and impacts one-sixth of the U.S. economy. While many of the major provisions have effective dates in coming years, proper planning should begin now. This article overviews some of the significant tax provisions of the legislation. Read more.
Firmwide Day of Service to Mark HORNE's 50th Anniversary
RIDGELAND, Miss., July 2, 2012-HORNE LLP, one of the top accounting and business advisory firms in the nation, announced today its plans to close the firm's 12 office locations on October 1 and celebrate the firm's 50th anniversary with a firmwide day of service. More than 400 team members across the Southeast will serve in their communities to mark the 50th anniversary of the founding of the firm by volunteering for organizations like Habitat for Humanity. Read more.
Supreme Court Rules on Health Care Reform
Health Care Reform: Relief or Remedy? The June 28 Supreme Court ruling deemd the Affordable Care Act is upheld and the individual mandate is constitutional. Read HORNE's take on the decision. Read more.
Accounting News Report: New HORNE CEO Lays Out Plan
Accounting industry expert Jonathan Hamilton shares his impression of HORNE's Executive Partner Joey Havens. Hamilton called HORNE a Mid-South powerhouse in this article focused on Havens becoming the firm's new managing partner. Republished with permission. Read more.
Havens Becomes Executive Partner at HORNE LLP
RIDGELAND, Miss., May 3, 2012 -HORNE LLP, one of the nation's top accounting and business advisory firms, announced Joe D. Havens, CPA, has officially transitioned into his role as executive partner of the firm effective today. His transition into leadership is part of the planned retirement strategy of Hugh J. Parker, PhD., CPA/ABV. Read more.
Establishing and Maintaining Fair Market Value Physician Compensation
May 2012: The use (or misuse) of compensation survey data, descriptions commonly used physician employment compensation models, and the use of the rebuttable presumption for establishing and maintaining fair market value for all physician-hospital compensation arrangements are all points that must be addressed. Read more.
Project Managers, Accounting Staff Communication Required for Effective Project Cost Controls
The estimating department, project managers and the accounting staff must work together as a team for success on construction projects. Read more.
Improved Delivery Key to Success for Health Care Organizations
According to HORNE's Tommy Prewitt, M.D., success for health care organizations is going to be dependent upon clinical process improvement, and success will depend primarily upon leadership. Read more.
HORNE Still Growing at 50 Years
Published by The Memphis Daily News, this article looks at the groundswell of activity that's been happening in the Memphis market for HORNE, which also celebrates its 50th anniversary this year. Read more.
Changes in the Annual FHA Recertification Process
The FHA Lender Approval and Recertification Division of HUD has released an email advising lenders and mortgagees of recently implemented interim changes in the annual audit reporting requirements for small supervised lenders and mortgagees. Read more.
50 Days of Service in Full Swing as HORNE LLP Celebrates 50 Years in Business
RIDGLELAND, Miss., March 14, 2012-HORNE LLP recently launched a firm-wide service project, "50 Days of Service," committing to serve the communities where the firm has office locations as part of the firm's celebration of its 50th anniversary. Every team member in each of HORNE's 12 locations in Mississippi, Texas, Alabama, Tennessee and Louisiana will participate. Read more.
Trending Observations on State Tax Incentives for the Energy Industry
A look at trends in state tax incentives that affect the energy industry in the areas of tax compliance simplification, property tax incentives, sales and use tax, income tax incentives and green energy. Read more.
IRS encourages taxpayers to e-file, Deadline to File Your Tax Returns is April 17
The Internal Revenue Service on Tuesday began accepting e-file and Free File returns for the 2012 tax-filing season. Taxpayers have until April 17 to file their 2011 returns and pay any tax due because April 15, the usual tax filing deadline, falls this year on a Sunday. Read more.
Where are we with ACOS? Where are we going? And how will the rules affect providers? Read more.
Clock Ticking on Year-End Tax Incentives, Breaks
December 2011: The clock is ticking on a number of year-end tax incentives and breaks. This article looks at ways to reduce tax liability through incentives and asset assessments. Read more.
A Word to the Wise on the Hospital Side
December 2011: Under health care reform, PPACA, there is a whole new code section called IRC 501(r) with new reporting requirements for tax exempt hospitals. Read more.
What Next for Banks After Failed Debit Fee Experiment?
November 2011: Banks' attempts to generate revenue through a monthly fee to customers for debit-card transactions was quickly rejected by their consumers. Now, banks must find an alternative way to make up the revenue. Read more.
Hospitals Make Strategic Changes in Response to Flat Revenues
November 2011: HORNE Partner David Williams recounts two hospitals financial strategies in their search for financial health. Republished with permission from HFMA's Strategic Financial Planning newsletter. Read more.
Fair Market Value: What's Fair and Is It Commercially Reasonable?
Journal of Health & Life Sciences Law readers can access this article which addresses concerns the legal and practical implications of these two key valuation terms, with an emphasis on Stark Law exceptions and Anti-Kickback Statute safe harbors. This article also includes the presenters' slides, hypothetical studies, substantive papers-and their introduction to the material. You must be a subscriber of the journal to access. Read more.
Building the bottom line: Contractors face growing cash-flow challenges
September 2011: Cash flow is the biggest financial management challenge contractors face even when times are good. If not properly managed, the lag time between working a project and getting paid while incurring costs for labor, materials, etc., can be a business-killer. Read more.
Making Medicine Pay Off: Practices seek answers to increase profits
July 2011: Cuts in Medicare reimbursements, scrutiny from private insurance and the impact of the slow economy are all converging on medical practices to create a tough operating environment. Read more.
July 2011: Data Breach Notification Law Now in Effect (MS) But Legislation Open to Interpretation. Read more.
Change Never Happened
July 2011: The "Year of the Acquisition" has become all but a yawner. Read more.
Dodd-Frank expected to set off new competition for customer deposits
July 2011: Bankers should be prepared to raise more capital reserve money without looking for it in the places they are used to finding it. Read more.
Business of Banking Won’t be the Same After July 21
July 2011: Bankers unsure of when a particular provision of Dodd-Frank kicks in should put their money on July 21 as "the default effective date" for many of the provisions. Read more.
HORNE LLP Names Watts and Butcher to Board of Directors
MEMPHIS, Tenn., June 20, 2011 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today that Tennessee team members Katherine G. Watts, CPA, CHC, and Rusty Butcher, CPA, have been elected to HORNE's board of directors. Read more.
Accounting Today Case Studies: Document Management
June 2011: HORNE CPAs and Business advisors share their journey toward less paper with the technology writers at Accounting Today. Read more.
Accounting for stimulus funding: Firms worry over compliance, reporting issues
June 2011: In order to take advantage of American Recovery and Reinvestment Act funding, contractors must meet compliance issues such as internal controls and ethics policies and reporting and prevailing wage rate requirements, among others. Concerns are that some contractors might have missed some of the Act's fine print and could find themselves in trouble with the federal government. Read more.
Avoiding the E-Prescribing Adjustments
JUNE 2011: The qualifying period to avoid the payment adjustment for 2012 is January 1, 2011, through June 30, 2011. This article outlines the providers that will be able to avoid the payment adjustment and additional relevant details as 2012 begins a graduated disincentive, or payment adjustment, for eligible providers who are not e-prescribing. Read more.
WHITE PAPER: Assessing Intangible Value in a Physician Practice Acquisition
FEBRUARY 2011: This paper addresses the appropriateness of assigning substantial value to intangible assets such as physician workforce, under the FMV standard, and going concern premise of value, without such amounts being appropriately supported by net cash flow under the Income Approach. Read more.
Days of Free Debit Card Use Could Be Coming to an End
FEBRUARY 2011: Banks have to find ways to offset lower fees from merchants on debit card transactions. Read more.
Salary Survey Gives Medical Practices Detailed View of Industry Standards
FEBRUARY 2011: The 2010 HORNE LLP Medical Office Staff Salary Survey serves as a clear, detailed analysis of positions and salaries across the country, according to the Memphis Business Journal. Read more.
Some Taxpayers Must Wait to File
JANUARY 2011: IRS cites computer reprogramming as Some taxpayers must wait until mid- to late February to file electronic or paper returns. Read more.
HORNE Survey Shines Light on Physician Practice Salary Trends
JANUARY 2011: 18th annual analysis confirms decreases in average annual salaries. Read more.
Get Ready for More Oversight, Enforcement from IRS
JANUARY 2011: The tax issue grabbing many of the headlines - the extension of the so-called Bush tax cuts - got fixed for a couple of years in mid-December. But there were many other taxing issues businesses and high net worth individuals should be aware of in 2011. Read more.
Financial Resolution Requires More Than Talk
JANUARY 2011: Aaron Samuels, a tax manager at HORNE LLP, talked financial strategy for 2011 with The Clarion Ledger. Read more.
The 2010 Tax Relief Act
DECEMBER 2010: On December 17, the President signed into law The 2010 Tax Relief Act that includes an extension of the Bush-era tax cuts for two years. Read more.
Holiday Parties Return But on a Budget
DECEMBER 2010: HORNE pairs annual Christmas celebration with charitable giving. Read more.
Construction Forum to Address Critical Issues Facing the Industry in 2011
DECEMBER 2010: Health care Reform, pending regulations, revenue recognition, mid-term election implications are a few of the issues that are worrying the construction industry as they look toward 2011. Read more.
Doctor-Hospital Integration Catches on Again with Lessons Learned
OCTOBER 2010: An old trend is gaining steam again in the health care industry, and it could have important consequences inside and outside the industry. Read more.
The Financial Impact of Healthcare Reform on Construction Firms
NOVEMBER 2010: Three significant tax provisions that will directly affect construction firms. Read more.
Accountants, Lawyers, Consultants Making Dodd-Frank Part of Their Expertise
NOVEMBER 2010: The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in July, contains 144 rules that regulators have to impose over the next 24 months. Read more.
Help to Ensure Your EHR Meets Meaningful Use
OCTOBER 2010: Final rule for meaningful use for an electronic health record (EHR) means ensuring your system meets requirements. Read more.
Will We Get it Right This Time? The Physician Alignment Movement, Post-Reform
OCTOBER 2010: HORNE LLP Partner Greg Anderson takes a look at the current environment of reform and what it could mean for hospitals and health systems as it relates to their physician strategy. Read more.
CPA Says She's Proof Career, Family Can be Balanced
OCTOBER 2010: HORNE LLP Partner Marsha Dieckman was featured in the Clarion-Ledger's "Women in Business" profile. Read more.
Facing Billing Audits
OCTOBER 2010: HORNE LLP team member Lori Baker offers guidance to physician practices on preparing for an audit. Read more.
Partner Selected “50 Leading Business Women”
OCTOBER 2010: The Mississippi Business Journal recently named the 50 leading business women in Mississippi. Among them was HORNE LLP Assurance Partner Ann Cleland. Read more.
Keeping Our Eye On Chris Madison
SEPTEMBER 2010: The Mississippi Business Journal recently profiled Chris Madison, a manager in HORNE LLP's specialty accounting services. Read more.
Tax Hikes: Families at all income levels will be effected if Bush-era cuts not extended
SEPTEMBER 2010: HORNE Partner John Scott talks to the Clarion Ledger about possible implications of Bush-era tax cuts expiration. Read more.
Acquisitions and Mergers: Flurry of activity may be in the future of many Mississippi institutions
SEPTEMBER 2010: HORNE LLP Partner Hans Pettit speculates mergers and acquisitions will be a way for banks to grow business. Read more.
Financial Industry Scurries to Understand Dodd-Frank Reform Bill
SEPTEMBER 2010: The recently passed Dodd-Frank Wall Street Reform and Consumer Protection Act could turn out to be the biggest stimulus bill ever - for the lawyers and accountants who will be paid to interpret and implement it. Read more.
Butcher may be weary-eyed, but prepared for HORNE’s Series
SEPTEMBER 2010: CPA Rusty Butcher is reading the entire 2,200-page Dodd-Frank Wall Street Reform and Consumer Protection Act in preparation of the 2010 HORNE Bankers' Forums. Read more.
HORNE LLP Named Top 50 Accounting Firm in the Nation
SEPTEMBER 2010: HORNE LLP, the largest accounting and business advisory firm in Mississippi, has been named to INSIDE Public Accounting's Top 50 Accounting Firms list for 2010. Read more.
All Affected By Tax Changes
AUGUST 2010: The federal Patient Protection and Affordable Care Act represents the most significant social legislation enacted in decades. It's estimated this act contains over $400 billion in tax increases that have the potential to affect all individuals and businesses in the U.S. Read more.
Employment Tax Audits Take Center Stage with Internal Revenue Service
AUGUST 2010: The Internal Revenue Service is extending its National Research Program to cover employment taxes and their contribution to the tax gap. Businesses could face random audits under the program as soon as this fall. Read more.
Health Reform's Impact Explained
AUGUST 2010: Tax Senior Manager Bryan Cherry speaks to the Hattiesburg American about the effects of health care reform on small businesses. Read more.
Enhancing the Value of Internal Audit: Moving from Compliance to Prevention, a Focus on Fraud
JULY 2010: A call to the banking community to move from compliance to prevention. Includes suggestions for a thorough risk assessment. Read more.
Information Technology Privacy and Security Requirements
JULY 2010: Businesses today are subject to a variety of regulatory and contractual requirements that make the privacy and security of information absolutely necessary. This provides an overview of the key privacy and security requirements affecting most businesses. Read more.
Political Action Committees and the IRS
JULY 2010: HORNE author Angela Beasley Phyfer discusses the formation of the PAC and annual filing requirements. Read more.
Everything Matters When Billing for Blood Transfusions
MAY 2010: There are three distinct categories of coding and billing that must coalesce for appropriate and compliant billing / reimbursement for blood transfusions which this article discusses. Read more.
Expert: Prepare for Health Reform Changes Now
APRIL 2010: Health care providers cannot do business as usual. Post-reform financial outlook is grim. Read more.
Will 21% Cut to Reimbursements Get Repealed?
APRIL 2010: Physicians wondering when Congress will provide an answer regarding an additional 21 percent cut to Medicare reimbursements that went into effect April 1. Read more.
Tax Deductions for Energy-Efficient Buildings
APRIL 2010: A look at deduction criteria and the certification process for qualifying for the deduction Read more.
Accounting for Change
APRIL 2010: Q&A with Tommy Butler, Partner, HORNE LLP Read more.
Litigation Support: CPAs Providing Value to Litigators in State
MARCH 2010: There is probably nothing that is more at odds with the perception of a typical CPA than the work connected with providing litigation support to attorneys. Read more.
Keeping Financial Houses in Order
JANUARY 2010: Good financial housekeeping a must within this volatile construction industry Read more.
Never a Better Time to be Green
JANUARY 2010: Energy Policy Act of 2005 allows designers of the energy-saving portions of government buildings to receive the tax deduction Read more.
Generating Cash Flow in a Cash-Poor Economy
JANUARY 2010: Many recent legislative changes, in addition to some traditional tax planning strategies, can help taxpayers achieve the goal of generating cash flow. Read more.
Red Flag Rules: Does a Medical Practice Need Protection?
JANUARY 2010: If a practice which extends credit does not have policies in place by June 1, 2010, they may be subject to penalty. Read more.
Physician Compensation: Understanding Fair Market Value
JUNE 2009: With recent increased government activity and potential scrutiny regarding financial arrangements between hospitals and physicians, along with the proliferation of those types of arrangements, ensuring that payments made under those arrangements represent fair market value has never been more important. Read more.
On-Call and Coverage Arrangements: A Formula for Hospital-Physician Tension
APRIL 2009: The growing tendency among facilities to pay physicians for on-call services is in part a function of market forces driving supply and demand, as well as the degree to which physicians are willing to provide the service without separate compensation. Read more.
Tax-Exempt Return Gets Overhaul
JANUARY 2009: Tax-exempt organizations required to file a return for 2008 will be completing redesigned forms during the 2009 filing season. Read more.
Partner in Charge Tommy Butler Wins Accounting Leadership Award
JANUARY 2009: When Tommy Butler began as a student at Mississippi College, he had no idea that he would one day become an accountant. A pre-dental major at the start, he quickly realized that science was not his calling. With the help of Dr. Gerald Lee, Tommy decided to switch to the School of Business as an accounting major. Read more.
CPAs Share Financial Considerations at Tax Time
JANUARY 2009: Keeping good records and drilling down deep enough to get all the facts is imperative when preparing a tax return, say Mississippi CPAs. Read more.
CPA Firms Helping Clients Cope with Downturn Economy
JANUARY 2009: Whether in good times or bad, CPAs are needed for businesses to stay financially healthy and in compliance with tax laws. Some services CPAs provide are needed in any economy. Read more.
Professionals Make Resolutions and Plans for a Great 2009
NOVEMBER 2008: A new year brings a sense of renewal and starting fresh, both personally and professionally. Just as personal resolutions about this time of year, some business people make resolutions for their work lives. Read more.
When It Comes to Construction Accounting, Issues Abound
MARCH 2008: Large construction companies around the state require the expertise of professionals when it comes to accounting and taxes. Read more.
Paying for Care: No Quick Fix
APRIL 2008: You may have recently noticed much discussion regarding Medicaid, a component of the healthcare payment system for residents in the State of Mississippi. Mississippi's healthcare payment system is comprised of several payers in addition to the state program, including Medicare, commercial insurance companies, companies with self-funded plans and the patients themselves. Read more.
Securing Critical, Confidential Data Priority for Firms Today
APRIL 2008: The cutting-edge information age is a great help to law and accounting firms, but it also creates a new set of security concerns for protecting their vast amount of confidential information. Read more.
HORNE LLP to Sponsor Second Annual Louisiana Health Care Reform Conference
BATON ROUGE, La., April 28, 2011 - HORNE LLP announced today its sponsorship of the Second Annual Louisiana Health Care Reform Conference. The event is set for May 18. Read more.
HORNE LLP Named Top 100 Private Company in Mississippi
RIDGELAND, Miss., October 27, 2011-HORNE LLP has been ranked as the 54th largest private company in Mississippi in the 2011 Mississippi 100 list published annually by the Mississippi Business Journal. Read more.
HORNE Partner Contributing Author to the The ACO Handbook Published by AHLA
RIDGELAND, Miss., January 24, 2012 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, along with the American Health Lawyers Association, recently announced the publication of The ACO Handbook: A Guide to Accountable Care Organizations, First Edition with CD-ROM. HORNE Partner Rud Blumentritt, CPA/ABV, CVA, was a contributing author to the resource published by AHLA. Read more.
HORNE LLP Relocates Tax Leadership to Memphis Office
MEMPHIS, Tenn., January 18, 2011 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today that Firmwide Director of Tax Services J. Eustis Corrigan Jr., CPA, will relocate to oversee tax services from the firm's Memphis office. Read more.
HORNE LLP Welcomes 2012 Spring Intern Class
RIDGELAND, Miss., Jan 17, 2012- HORNE LLP, one of the top 50 accounting and business advisory firms in the nation, recently welcomed 12 accounting students to its highly competitive spring internship program. Read more.
Forbes and Winborne Named Partners at HORNE LLP
RIDGELAND, Miss., January 6, 2012 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today that S. Neil Forbes, CFE, PMP®, and Wes T. Winborne, CPA, have been admitted partners within the firm. Read more.
HORNE LLP’s Annual Construction Forum Set for Dec. 2 in Biloxi, Senator Roger Wicker (MS-R) to Speak
RIDGELAND, Miss., Nov. 10, 2011 - HORNE LLP will host their annual construction forum on Dec. 2 at the Beau Rivage Hotel & Casino in Biloxi. HORNE announced today that Senator Roger Wicker (MS-R) and Chevis C. Swetman, president and chief executive officer of The Peoples Bank, will be guest speakers. Read more.
HORNE’s 19th Annual Medical Office Staff Salary Survey Shows Overall Increase in Health Care Compensation Rates
RIDGELAND, Miss., Nov. 10, 2011-HORNE LLP's 19th annual medical office staff salary survey, released this week, showed that overall health care compensation rates continue to increase. Read more.
HORNE LLP Named to 2012 Vault Accounting 50
RIDGELAND, Miss., October 4, 2011-Vault.com, the source for employer ratings, rankings and reconnaissance, has once again named HORNE LLP to their Vault Accounting 50 list. HORNE Ranked 48th in the accounting firm rankings, a list compiled by merging firms' quality of life issues with overall prestige. Culture, satisfaction, hours and compensation are among issues weighted in the ranking. Read more.
Busiest Time of the Year? It's Now Never Ending for Many Firms
OCTOBER 2008: The days of a busy season focusing strictly on the tax deadline of April 15th are over. Read more.
HORNE LLP Hires Ed Simmons as Fraud, Forensic & Litigation Manager
RIDGELAND, Miss., September 19, 2011-HORNE LLP, one of the top 50 accounting and business advisory firms in the nation, announced today the hiring of Ed Simmons, CPA/ABV, CVA, CFE, CFF, as a manager in fraud, forensic and litigation services. Read more.
HORNE Announces Annual Team Member Promotions
RIDGELAND, Miss., September 14, 2011- HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today promotions of more than 50 team members from practice groups and offices throughout the firm. Read more.
HORNE LLP and E2America Announce Agreement to Provide Counsel on Energy Efficiency Technologies
RIDGELAND, Miss., July 20, 2011 - HORNE LLP, an accounting and business advisory firm specialized in franchise accounting and construction accounting, today announced an agreement with Efficient Energy America, Inc. (E2America), a leading supplier of HVAC optimization technology, to advise commercial enterprises on the benefits of energy efficiency technologies. Read more.
HORNE Health Care Team Opens 19th Annual Medical Office Staff Salary Survey
RIDGELAND, Miss., July 12, 2011 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms and one of the largest accounting firms in the Southeast dedicated to the health care industry, announced today the opening of its annual salary survey for medical office staff. Read more.
HORNE LLP Names Corrigan to New Leadership Roles
RIDGELAND, Miss., July 5, 2011 - HORNE LLP, one of the top 50 accounting and business advisory firms in the nation, announced today that J. Eustis Corrigan Jr., CPA, has been named the partner in charge of the practice group that delivers comprehensive assurance; tax; fraud, forensic and litigation consulting; and business advisory and accounting services. In his new role, Corrigan will oversee the vision and strategy, leadership, growth and overall performance of these practice areas. Corrigan has also been named the firmwide director of HORNE's tax practice. He works from the firm's Ridgeland, Miss., office location. Read more.
Mississippi Data Breach Law Goes into Effect on July 1
RIDGELAND, Miss., June 23, 2011 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, informed clients today that Mississippi's data breach law goes into effect on July 1. The law requires businesses and government agencies to promptly notify any Mississippi resident when certain unencrypted electronic personal information in the possession of that organization has been intentionally acquired by an unauthorized person through a breach of security. Read more.
HORNE Partner Named Memphis Power Player
MEMPHIS, Tenn., May 12, 2011 - HORNE LLP announced today that James R. Gordon, CPA, has been named by Memphis Business Quarterly to their 2011 "Power Player" list. Gordon is a partner at HORNE and serves as the partner in charge of the firm's Memphis, Tenn., office. Read more.
HORNE LLP Announces 2011 College Capstone Program Attendees
RIDGELAND, Miss., April 21, 2011 - HORNE LLP announced today the students selected to attend HORNE's Annual College Capstone program this May. Twenty college juniors from Jackson State University, Millsaps College, Mississippi College, Mississippi State University, the University of Mississippi and the University of Southern Mississippi were selected to attend HORNE's highly competitive leadership and personal development program. Read more.
Accounting Today Ranks HORNE LLP as Top 50 National Firm for 2011
RIDGELAND, Miss., March 22, 2011 - Accounting Today has released its annual list of Top 100 accounting firms and ranked HORNE LLP as the 49th largest firm in the nation by revenue. HORNE ranks as the third largest firm in the Gulf Coast region which includes Louisiana, Mississippi, Alabama and Florida in their ranking. Read more.
James Gordon Joins HORNE LLP as Partner
MEMPHIS, Tenn., March 7, 2011 - HORNE LLP, one of the top 50 accounting and business advisory firms in the nation, announced today the addition of James R. Gordon, CPA, as partner in charge of the firm's Memphis, Tenn., office. Read more.
Taking Care of Employees, Clients Keeps HORNE LLP on Course
OCTOBER 2007: It's a year of milestones for HORNE LLP. The Jackson-based accounting firm is celebrating 45 years in business, was named one of the top 50 CPA firms in the country and listed among the top 10 in the Southeast. Read more.
HORNE LLP Welcomes 2011 Spring Intern Class
RIDGELAND, Miss., Feb. 18, 2011- HORNE LLP, one of the top 50 accounting and business advisory firms in the nation, recently welcomed eight accounting students to its highly competitive spring internship program. Seven of the interns will work from HORNE's Ridgeland, Miss., office and one will work in the Jackson, Tenn., office location. Read more.
HORNE LLP Hires David Stevens as State and Local Tax Director
RIDGELAND, Miss., January 20, 2011- HORNE LLP, one of the top 50 accounting and business advisory firms in the nation and the largest firm in Mississippi, announced today the hiring of David Stevens, CPA, as director of state and local tax services. Read more.
Rud Blumentritt Named Partner at HORNE LLP
HATTIESBURG, Miss., January 10, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today that Rud Blumentritt, CPA/ABV, CVA, has been named partner within the firm. Blumentritt works from the firm's Hattiesburg, Miss., location where his primary focus is the valuation of health care entities and health care transactions. Read more.
Kelly McQueen Named Partner at HORNE LLP
AUSTIN, Texas, January 10, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today that Kelly L. McQueen, CPA, has been named partner within the firm. McQueen works from the firm's Austin, Texas, location where he manages a disaster recovery oversight program for the state. Read more.
HORNE LLP’s 18th Annual Medical Office Salary Survey Confirms Decrease in Average Annual Salaries within Physician Practices
RIDGELAND, Miss., Nov. 10, 2010 - HORNE LLP's 18th Annual Medical Office Staff Salary Survey, released today, shows a substantial number of positions have decreased in average salary indicating the economy has continued to impact physician practices during this past year. Read more.
HORNE LLP Sets Second Annual Construction Forum for Dec. 16
RIDGELAND, Miss., Nov. 8, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, will host their second annual construction forum on Dec. 16 in Hattiesburg, Miss., at the Lake Terrace Convention Center. HORNE specializes in construction accounting. Read more.
HORNE LLP Hires Jeff Aucoin as Senior Manager in Baton Rouge Office
BATON ROUGE, La., October 19, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today the hiring of Jeff Aucoin, CPA, CFF, CFE, CIA, in the firm's Baton Rouge office. Read more.
HORNE LLP Hires Health Care Services Manager in Baton Rouge Office
BATON ROUGE, La., October 12, 2010 -HORNE LLP, one of the largest accounting and business advisory firms in the Southeast specializing in accounting and consulting services to the healthcare industry, announced today the addition of Sharon Walden to the firm's Baton Rouge office. Read more.
HORNE LLP Sets Not-for-Profit and Government Forum for November 3
RIDGELAND, Miss., Oct. 7, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, will host their first-ever Not-for-Profit and Government Forum on Nov. 3 at The Hilton-Jackson in Jackson, Miss. Read more.
HORNE LLP Named Top 50 Accounting Firm in the Nation
RIDGELAND, Miss., September 2, 2010- HORNE LLP, the largest accounting and business advisory firm in Mississippi, has been named to INSIDE Public Accounting's Top 50 Accounting Firms list for 2010. Read more.
HORNE LLP to Host Second Annual Bankers’ Forum in Memphis
MEMPHIS, Tenn., August 10, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today the second annual HORNE Bankers' Forum is set for September 29 in Memphis. Read more.
Management Promotions Announced at HORNE LLP
RIDGELAND, Miss., August 3, 2010 - HORNE LLP, one of the nation's top 50 accounting firms, has announced annual team member promotions. Promotions for 2010 include a new director in tax services, three new senior managers and 10 new managers among various service lines and industries within the firm. Read more.
HORNE LLP to Host Bankers’ Forum for First Time in Mississippi
RIDGELAND, Miss., August 10, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today its annual HORNE Bankers' Forum will be expanded to include Biloxi, Miss. The day-long seminar will take place on September 22 for CEOs, CFOs and internal audit directors of financial institutions. Read more.
HORNE LLP Names New Partner in Charge of Health Care Services
JACKSON, Tenn., July 15, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today that Katherine Watts, CPA, has been named the partner in charge of HORNE Health Care services for the firm. Read more.
Blueprint for Business
FEBRUARY 2007: Hugh J. Parker, Executive Partner: HORNE LLP Read more.
HORNE LLP Named Top 50 Firm in the Nation
JACKSON, Miss., September 30, 2009-- HORNE LLP, one of the top 10 accounting and business advisory firms in the Southeast and the largest firm in Mississippi, has been named to INSIDE Public Accounting's Top 50 Accounting Firms for 2009. Read more.
Seminar for Local Businesses to Focus on Disaster Planning & Recovery Resources
JACKSON, Tenn., June 11, 2010 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, along with the United States Small Business Administration and The Jackson Area Chamber's West TN Business Resource Center will host a disaster planning and recovery resources seminar for local businesses on June 23 in Jackson, Tenn. Read more.
HORNE LLP Opens Office in Baton Rouge
BATON ROUGE, La., Nov. 30, 2009 - HORNE LLP, one of the nation's top 50 accounting and business advisory firms, announced today the opening a new office to be located in Baton Rouge, La. Read more.
HORNE Wins National Balance Award
HORNE named 2009 National Balance Award winner from the American Society of Women Accountants. Read more.
Tommy Butler Elected to HORNE LLP Board of Directors
JACKSON, Miss., August 27, 2009 - HORNE LLP, a top 50 accounting and business advisory firm in the United States, today announced the election of Tommy Butler to the firm's Board of Directors. Butler joined HORNE in 1998 and has more than 30 years of experience in public accounting. He serves as the partner in charge of core services, overseeing offices in Mississippi and Tennessee. Read more.
Joel Bobo Elected National President of CICPAC
JACKSON, Miss., July 29, 2009 - HORNE LLP, one of the top 50 accounting and business advisory firms in the United States, announced today that Partner Joel Bobo has been elected as the national president of the Construction Industry CPAs/Consultants Association. Read more.
Patrick Gough Named Partner at HORNE LLP
JACKSON, Miss., January 5, 2009 - HORNE LLP, one of the top 10 accounting and business advisory firms in the Southeast, announced today that Patrick Gough, CPA, has been admitted as partner within the firm. Gough is part of the assurance team working in HORNE's Jackson office. Read more.
Cathy Dunning Named Partner at HORNE LLP
JACKSON, Miss., January 5, 2009 - HORNE LLP, one of the top 10 accounting and business advisory firms in the Southeast, announced today that Cathy Dunning, CPA, CFE, has been admitted as partner within the firm. Dunning is a senior manager in specialty accounting and serves disaster relief clients through HORNE's Jackson and Biloxi offices. Read more.
HORNE LLP Partner Receives Professional Recognition
JACKSON, Tenn., July 10, 2008 - HORNE LLP, one of the top 10 accounting and business advisory firms in the Southeast, announced today that Katherine Watts, CPA, has been elected vice president of the Tennessee Society of Certified Public Accountants. A partner in HORNE LLP's Jackson, Tenn., office, Watts will serve a one-year term beginning in July. Read more.
HORNE Tax Alert: Sept. 22, 2011
Mississippi Secretary of State's Limited Liability Company Annual Report Grace Period Ends December 1, 2011 Read more.
Mississippi Taxpayer Access Point (TAP) Notice
Mississippi Department of Revenue has issued an important notice that was mailed on October 20th, 2011 concerning its new online Taxpayer Access Point (TAP). The notice informed each applicable taxpayer of their online account identification number. The taxpayers receiving this notice include those subject to Corporate and Franchise Tax, Pass-Through Entity Income Tax (such as Partnership, S-Corporation and LLC), Gaming Taxes and Fees, Insurance Premium Tax, Finance Privilege Tax, and Beer/Tobacco taxes. Read more.
Earnouts: Don’t Overlook the Tax Implications
When one company acquires another, the buyer and seller often have conflicting views on the target's value. One way to bridge this valuation gap is with an earnout. When negotiating earnout provisions, the parties typically focus on financial issues. But, as this article explains, the potential tax implications deserve attention, too. Read more.
Capital Requirements in Basel III Concern Banks
Basel may protect banks, but hurt mortgage loans according to the Memphis Business Journal. This article includes an interview with HORNE's Firmwide Director of Financial Institutions Rusty Butcher. Read more.
2013 Mississippi Legislative Update: Statute of Limitation Proposed Modification
HORNE LLP is monitoring Mississippi House Bill 892 (H.B.892) and Mississippi Senate Bill 2403 (S.B 2403) currently being considered in this Legislative session. These bills as drafted would address Mississippi's current open ended audit practice and require mutual agreement in writing by the Mississippi Department of Revenue (MSDOR) and a taxpayer to extend the time period for the examination of the returns past the normal statute of limitation. Read more.
Construction Industry Advisor: Profit Fade Got You Down?
Profit fade is a financial malady that often occurs as a contract nears completion. Any contractor who has experienced profit fade on a past project knows how frustrating it can be to see their expected profits going down the drain. This article explains how to nip the problem in the bud, including looking at historical data and getting a handle on contract language. Read more.
CGOs Make Corporate Governance a Top Priority
Despite reforms over the past decade, fraud, accounting irregularities, conflicts of interest and other corporate malfeasance continue to make headlines. To ensure that corporate governance matters get the attention they deserve, many companies are appointing chief governance officers (CGOs). This article discusses the roles and responsibilities of a CGO and how to go about picking the right person. This article also notes that good governance can enhance the value of a company's stock. Read more.
Bank Notes: FDIC Releases Technical Training Videos
On April 3, 2013, the Federal Deposit Insurance Corporation ("FDIC") announced that there will be three segments of technical assistance videos released throughout the year as part of the FDIC's Community Banking Initiative. Read more.
Is That Independent Contractor Really an Employee?
Contractors beware: The IRS continues to be hot on the trail of any employer that, in its eyes, erroneously treats a bona fide employee as an independent contractor. This article explains the three categories of evidence the IRS uses to determine worker status, along with best practices that contractors can employ to avoid misclassifying workers. Those who have already misclassified workers may be able to reduce back pay and penalties through the Voluntary Classification Settlement Program (VCSP). Read more.
What Is a Calculation Report and When Should It Be Used?
There are generally two types of engagements used by CPAs to estimate value-a valuation engagement and a calculation engagement. Most attorneys are familiar with a valuation engagement, which provides a high level of assurance and results in a conclusion of value. However, there are situations where a calculation of value may provide an acceptable level of assurance for the end user as well as a lower price point than a full valuation. Read more.
Tax Planning as 2014 Approaches
Proper tax planning this time of year can have a meaningful impact on your bottom line - as a business or as an individual. What tax changes should be considered before 2013 comes to an end? This article was written by Partner John Scott, and was published in the Mississippi Business Journal on October 4, 2013. Read more.