HLB Gross Collins, P.C.

To help ensure positive outcomes, many construction project owners now engage in life-cycle cost analysis (LCCA). This practice estimates the total ownership cost of a job’s final deliverable over its “useful life cycle.” LCCA also strives to identify design or construction alternatives to minimize contributing costs over that life cycle. Contractors who participate on LCCA teams can help maximize the residual value of project deliverables from a decidedly pragmatic and real-world perspective. Read the latest article from our Construction Practice https://lnkd.in/et8gTNsC. #ConstructionPractice #ConstructionExpertise

Conducting comprehensive employee performance reviews can be challenging for manufacturing managers. They require significant effort, and there’s potential for conflict if an employee disagrees with the assessment. But when done right, the process can boost a manufacturing company’s productivity and strengthen employee retention. How? Constructive feedback with clear advice or instruction can help workers refocus efforts to sharpen their skills, increasing the likelihood they’ll meet company-wide objectives. Positive feedback can boost morale and make employees feel appreciated and inspired to stay with the company and continue to perform at a high level. Read our latest article from our Manufacturing, Distribution and Supply Chain Practice for more information. https://lnkd.in/d7RJ7_hn

The ultimate goal of a SLAT is to reduce the taxable estate of the grantor's spouse by transferring assets from the grantor to the spouse, and consequently removing any appreciation, while still allowing the grantor to indirectly benefit from the trust through their spouse. It can be a valuable, yet complex, planning tool as part of an estate plan. Read the latest article published by our Estate and Trust Practice for more details. https://lnkd.in/euvAUXVS #EstatePlanning #HLB

Our involvement in the British-American Business Council of Georgia allows us to participate in meaningful events with members who are committed to promoting trans-Atlantic trade through a thriving network of executives across the USA and UK. Iliana Malinov, CPA and Laura Madajewski, CPA, MBA enjoyed attending the annual holiday luncheon and we look forward to many more engaging events in 2025. #InternationalPractice #BABC #HLB

A realistic budget can allow your manufacturing company to identify potential cash shortages and production capacity constraints. However, be aware of certain pitfalls. Too often, companies create budgets by applying an across-the-board percentage increase to the prior year’s actual results. This approach may be too simplistic in today’s ever-changing marketplace. Historical results are a good starting point. But some costs are fixed rather than variable based on revenue. Certain assets also have capacity limitations that need to be considered. Accurate forecasts of revenue and expenses are prepared on a department-by-department basis and use technology to capture real-time data. Read the latest article from our MD&S practice for more information. https://lnkd.in/e4muwih7 #ManufacturingPractice #YearEndBudget

It is important that companies keep up with changing regulations in order to maximize all tax credits. The final regulations on the Advanced Manufacturing Production Credit are extensive and could have significant impact for manufacturers. Check out the article from our Manufacturing, Distribution and Supply Chain Practice. https://lnkd.in/eqGeSnKS #ManufacturingCredits #ManufacturingInsights #HLBGC

With the upcoming expiration of the Tax Cuts and Jobs Act, the 2025 Tax Fiscal Cliff will affect many businesses, and construction companies are no exception. Contractors should be sure to read this article written by a member of our Construction Practice, Alex West, CPA, sharing insights and planning tips to help contractors prepare for the coming changes. https://lnkd.in/enjQ24_E #ConstructionPractice #IndustryExpertise #FiscalCliff

We are happy to be an executive member of the GACC South - German American Chamber of Commerce of the Southern U.S., Inc.. where we can engage in promoting transatlantic trade, fostering economic growth, and strengthening the bonds between German and American businesses. Iliana Malinov, CPA enjoyed attending the Executive Member Reception Roundtable along with several other key individuals in the German-American business community. #HLB #InternationalPractice #InternationalBusiness

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Since yesterday was #GivingTuesday it was the perfect day to kick off our annual toy drive for Marine Toys for Tots Foundation. We encourage anyone who is in a position to do so to give generously to those in need this holiday season and throughout the year. Everyone at HLBGC is always eager to partake in our community service efforts and we appreciate the generosity of our team. #TeamHLBGC #CommunityService #ToysforTots