Print this page

Tax Services

HORNE's financial institutions team is equipped with experienced tax professionals who are focused on collaborating with you to meet your needs and minimize your exposure.  As the tax code evolves, your institution needs a trusted advisor to understand your business and help you achieve your goals. 

Our tax services include:

• Tax consulting and compliance
• State and local tax services
• Merger, acquisition and restructuring services
• IRS audit assistance
• Cost segregation studies

Tax Consulting and Compliance
HORNE prepares federal, state and local tax returns for financial institutions.  Our tax professionals leverage years of experience to go beyond providing basic tax services. Rather, we provide valuable depth of insight for tax considerations concerning the financial services industry.  Yes, your organization's tax return is the ultimate deliverable, but our ability to strategize with you creates value within your financial institution.

State and Local Tax Services (SALT)
State and local governments are aggressively searching for additional tax revenues.  Consequently, it is more important than ever before to have a trusted tax partner with significant SALT experience working with your management team.  HORNE's team is equipped with SALT professionals ready to answer your state and local tax questions.

Merger, Acquisition and Restructuring Services
The tax consequences of many transactions can either make or break the deal.  Understanding the tax implications of your transaction is vital in the decision making process.  HORNE's financial institutions team includes professionals with years of hands-on experience in dealing with the tax implications of buy, sell and restructure transactions.  Let our experienced professionals add value to the transaction process through due diligence, transaction structuring and post transaction integration services. Learn more about HORNE's mergers and acquisition services.

IRS Audit Assistance
With the recent intensified efforts of the federal and state taxing authorities to increase tax revenues, it is crucial that your institution partner with an experienced advisor to assist with their audits.  HORNE has tax professionals with decades of experience in assisting with this critical process.

Cost Segregation Studies
Cost segregation studies allow your institution to accelerate depreciation expense for tax purposes resulting in a reduction of taxable income.  The cost segregation study identifies commercial property assets that are typically depreciated over 39 years and reclassifies the assets into groups with a shorter asset life.  This translates into current tax deductions that you'd otherwise wait years to realize.  A cost segregation study is recommended for institutions who are building a new facility; acquiring an existing building; improving, renovating, or expanding an existing location; or conducting leasehold improvements on your current facility.  HORNE's tax professionals can guide you through the process and help you maximize your savings and minimize your tax expense.

For more information on HORNE's tax services for financial institutions, contact Eustis Corrigan.