The Story:
A successful cardiologist was looking for a way to optimize taxes, increase investment returns, and streamline their financial services. They were also seeking help to scale their clinic and hit specific financial milestones.
Tax Situation Overview:
- Annual Income: $1,800,000
- Cash Flow Recovery Number: $1,400,000
- Estimated Annual Tax Savings: $490,000
The Strategy:
By combining Terra Firma’s tax-saving techniques with our coaching services, we were able to both minimize tax liability and guide the cardiologist through scaling their clinic. They benefited from our holistic approach by accessing attorneys, CPAs, strategists, and investment advisors under one roof. Our experts introduced them to investment opportunities that aligned with their long-term financial goals.
The Outcome:
The cardiologist saved $490,000 annually and hit their milestone of purchasing two new clinic locations, increasing their practice volume by 35%. The reinvested tax savings were put into diverse investment opportunities, resulting in a 10% annual return on capital.
