The story: When this member and his wife first met with Terra Firma, they said “We don’t know anyone else in our circle working with a tax strategist, so we’re a little nervous.”
They realized, though, that their peers often complained about their high taxes, but hadn’t done anything to change it. They were ready to do something different.
They met with half a dozen other tax professionals before deciding to move forward with Terra Firma, saying “We ultimately went with you because we liked what you had to say, and you were the only firm we found that’s really a one-stop shop.”
Tax Situation Overview:
Annual income: $950,000
Lifestyle expense: $300,000
Cash flow recovery number: $650,000
Initial effective tax rate: 32%
Annual tax savings: $208,000
The outcome: The couple had a large quarterly tax payment coming up that was hanging over their heads. By implementing a strategic tax plan with Terra Firma, the couple was able to eliminate that next payment, since what they’d paid already more than covered what they’d now owe for the year.
“How do we feel? So relieved.”