Client Case Studies

BACKGROUND:

Haynes International, a 112-year-old leader in producing high-performance metal alloys, operates multiple manufacturing facilities across the United States with a global distribution network. With a lean accounting team and no in-house tax specialists, Haynes relies on dependable third-party expertise to manage complex property tax obligations. “With several facilities nationwide, we need a partner who’s not only technically capable but also responsive to our evolving needs,” explained David VanBibber, Controller and Chief Accounting Officer.

CHALLENGES:

Haynes International faced several property tax management challenges:

• Limited in-house resources: The company’s small accounting team needed external expertise for all aspects of property tax management, from compliance to strategic planning.
• Complex, multi-state compliance: Operating facilities in multiple states introduced varying tax regulations and assessment challenges.
• Adaptation to growth and regulatory changes: As Haynes acquired new facilities and state regulations evolved, the company needed a proactive partner to manage these transitions effectively.

SOLUTION:

Baden Tax Management became a reliable partner for Haynes International, delivering tailored support and technical expertise across the following areas:

• Comprehensive property tax management: Baden handled Haynes’s full spectrum of property tax needs, ensuring consistent compliance and efficient processing across all facilities.
• Proactive financial savings: Beyond routine compliance, Baden actively sought cost-saving opportunities for Haynes, ensuring they benefited from every possible exemption and reduction. “They go beyond the basics and regularly look for ways to save us money,” noted VanBibber.
• Responsive and personalized support: Baden’s client-focused approach meant they were available to address any tax complexities, especially during acquisitions or regulatory changes, fostering a robust and reliable partnership. VanBibber highlighted Baden’s proactive communication, including timely outreach from Leslie Richards, whose updates led to valuable savings. “It’s incredibly helpful to have someone like Leslie keeping us informed,” said VanBibber.

RESULTS:

The collaboration with Baden Tax Management delivered valuable benefits for Haynes International:

• Consistent tax savings: Baden’s proactive approach helped Haynes identify and realize meaningful tax savings, reducing their overall tax liability.
• Efficient regulatory compliance: With Baden’s expertise, Haynes maintained smooth and accurate compliance with state-specific tax regulations, even as their footprint expanded.
• Strengthened partnership: Haynes’s team views Baden as an integral part of their operations. “Baden cares about our business in a way that feels like they’re part of our team,” said VanBibber, underscoring the trust built through years of dedicated service.

CONCLUSION:

Through its partnership with Baden Tax Management, Haynes International has confidently navigated the complexities of multi-state property tax compliance. Baden’s commitment to proactive support and cost efficiency has enabled Haynes’s lean team to focus on core operations, knowing their tax obligations are managed accurately and carefully. This trusted relationship has streamlined Haynes’s tax processes and contributed positively to their bottom line.