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Success Story - Tax Reporting of Assets and Spending

Providing a consultative focus to tax reporting challenges

Interim and project professionals you can rely on to get the job done

Companies often face complex situations related to their taxes. A privately held retail company desired assistance in performing in-depth analysis of several aspects of their business to improve their tax return preparations. This company turned to Aventine Hill Partners to provide a more consultative focus to their challenges than an outside CPA firm would typically provide.

Our Solution

We provided the company with an Accounting and Tax professional who provided assistance in three key areas. First, there were questions about the proper qualification and depreciation of fixed assets for tax purposes. Our consultant reviewed and analyzed contracts to identify fixed assets that met the criteria to be qualified as leaseholds and which assets were potentially eligible for bonus tax depreciation calculations.

Next, the company wanted to analyze vendor spending data and its impacts on State and Federal tax returns. Our consultant completed a thorough review of prior year vendor spend data and identified improvements to how the spending should be reported on tax returns.

Last, assistance was provided to prepare the corporate tax return, incorporating the refreshed analyses.

Results

By partnering with Aventine Hill Partners, this company was able to improve their procedures for preparing their corporate tax return and achieve a more cost effective solution than had been proposed by a CPA firm. Learn more about our Accounting and Finance capabilities.

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