The Story:
A dentist with a thriving practice wanted to reduce their tax burden while expanding their business. They sought help from Terra Firma to reduce costs and grow their practice sustainably.
Tax Situation Overview:
- Annual Income: $1,500,000
- Cash Flow Recovery Number: $1,200,000
- Estimated Annual Tax Savings: $400,000
The Strategy:
In addition to implementing tax-saving strategies that brought down the dentist’s tax rate, we leveraged our coaching program to provide guidance on scaling their practice efficiently. Our team helped them negotiate better supplier rates and implement cost-cutting measures. The dentist also gained access to an exclusive network of investment opportunities, where they reinvested their tax savings.
The Outcome:
The dentist saved $400,000 annually, which was reinvested into expanding their practice. Our coaching and business strategy advice also reduced operational costs by 20%, and the newly freed-up funds allowed them to purchase another location, increasing practice volume by 30%.
