The Story:
A chiropractic practice owner with multiple locations was seeking ways to reduce their tax bill, increase operational efficiency, and explore new growth opportunities.
Tax Situation Overview:
- Annual Income: $1,100,000
- Cash Flow Recovery Number: $900,000
- Estimated Annual Tax Savings: $360,000
The Strategy:
After reducing the practice owner’s tax liability through strategic tax planning, Terra Firma’s executive coach helped them increase practice volume by implementing efficient operational processes. Our team also introduced investment opportunities in real estate, which allowed the practice owner to diversify their income stream.
The Outcome:
The practice owner saved $360,000 in taxes annually and used the savings to invest in real estate, increasing passive income by 12%. Our coaching helped streamline operations, resulting in a 20% reduction in costs and a 30% boost in patient volume.
