“Crunching Numbers” for me is only one of the many things I appreciate about HLB Gross Collins. Over the many years of working with Pauline, who I consider my accountant and friend, I have developed a relationship which reflects trust and loyalty. I know she has my best interest as a basis for all her advice. Caring may be the key word. She is always available to guide my decisions in a supportive and professional manner. I consider myself fortunate to be a client.
Sara Thomas
Reducing Taxes & Increasing Cash Flow
HLB Gross Collins, P.C. has
formed various strategic alliances toprovide tax optimizations
strategies to our clients worldwide.
Our asset optimization practice includes strategic tax consulting, cost segregation
analysis, and property valuation. Our
mission is to enhance the value of your business through lower taxes and
increased cash flow.
Cost Segregation
As a strategic tax tool, cost segregation allows companies to accelerate
facility-related deductions, often resulting in significant tax savings. If
you've recently (since 1986) purchased, built, improved or added to your real
estate holdings, cost segregation can significantly impact your company's
financial landscape.
As a result of a cost segregation analysis, a company can significantly
improve its ROI as well as enhance the debt and risk structure of its real
estate portfolio.
How it Works
A company's
real estate holdings typically make up a substantial part of its assets. Cost
segregation analyzes the individual components of a real estate portfolio,
segregating the costs as personal property, land improvements or building
assets. The accelerated depreciation resulting from the study markedly
decreases income taxes and increases cash flow.
What Types of Assets
Real-estate investments best suited for a cost
segregation study include all post-1986 real-estate construction, building
acquisitions or improvements, new buildings under construction, the purchase or
acquisition of existing property, existing buildings undergoing renovation or
expansion, and office leasehold improvements and "fit-outs."
The Bottom Line
Reclassifying elements of a building from a
thirty-nine year to a five year recovery period typically results in a NPV
benefit of 21 cents for each reclassified dollar. Seven or fifteen year
reclassification typically results in 19 and 11 cents NPV benefits,
respectively. Actual NPV savings will
vary depending on corporate discount and effective tax rates.
Brock Built Homes has been pleased to work with Gross Collins since 2006. Gross Collins is so much more than what we were used to getting from our former accounting firm. Gross Collins has provided excellent advice, recommendations, business strategies, industry standards, and accounting. Our business would not be where it is today without the work that Gross Collins has provided. Brock Built Homes gives an excellent recommendation to anyone who is considering working with Gross Collins.
Steve Brock, President
Brock Built Homes
HLB Gross Collins has been an outstanding partner for our business for over 15 years. Wayne Gilmore and the partners and staff at HLB Gross Collins have supported our multi-national business tax and advice needs effectively and efficiently. Whether evaluating the tax and business consequences of an international or domestic job or completing the inevitable paperwork and tax returns required, HLB Gross Collins always provides the support we need. I highly recommend HLB Gross Collins to any business.
Steven R. Baardson, CFO & General Counsel
TransGlobal Energy, Inc.