As a new client of HLB Gross Collins, we have found ourselves extremely happy and satisfied with the quality of services offered. Their knowledge, follow-up, timeliness, and organization is superior to those I have seen in the past. They understand the value of building relationships with their clients. All questions and inquiries are answered in a timely manner either via email or phone and they are always willing to accommodate urgent requests. I would highly recommend HLB Gross Collins CPA's to any individual or business for their tax preparation, consulting, and business needs. We look forward to a continued relationship!
Elishiba Hunter
Timothy Baptist Church, Inc.
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.
Packard has been a client of HLB Gross Collins for 33 years, through the tough years and the growth years. They have been a loyal and trusted advisor to us for everything from Audited financials to our recent transition to 100% ESOP, we could not have completed this transaction without their expertise. The firm has grown with us over these years and we look forward to trusting them for all our accounting and tax needs for many years to come. I don’t know how to say enough about how I trust the advisors and friends I have a HLB Gross Collins.
Susan Kirkland, President
Packard, Inc.
HLB Gross Collins, P.C. consistently demonstrates integrity, professionalism, and technical ability. Additionally, they adhere to time deadlines, and most of all, display a concern and passion for our best interests.
Curtis A. Pollock Co-COO & J. Bruce Bolick CFO
Greystone