The Story:
A high-profile plastic surgeon was not only struggling with tax liability but also wanted to scale their practice, reduce operational costs, and find better investment opportunities.
Tax Situation Overview:
- Annual Income: $2,000,000
- Cash Flow Recovery Number: $1,500,000
- Estimated Annual Tax Savings: $600,000
The Strategy:
Through Terra Firma’s tax strategies, we reduced the surgeon’s tax rate significantly, freeing up $600,000. The surgeon also took full advantage of our coaching program, which led to operational improvements that decreased costs by 15%. Additionally, our investment advisors connected the client with lucrative real estate opportunities, further enhancing their financial portfolio.
The Outcome:
In addition to saving $600,000 in taxes, the surgeon saw a 25% increase in revenue from practice expansion and reinvested tax savings into high-return investments. With access to a full suite of services, including legal and financial strategists, the surgeon was able to streamline all financial services under one roof, gaining complete peace of mind.
