B.B., a highly successful urologist, knew he could be paying far less in taxes as part-owner of his practice. His accountant was “very conservative” and “by the book,” and he was frustrated paying so much of his income each year.
He and his wife had dreams of paying for college and weddings for their three kids, and buying a vacation home in the mountains, but they felt they weren’t making the progress they should be.
By working with Terra Firma, B.B. was able to lower his taxes by a staggering $500,000 in the first year alone. On one of their initial tax planning calls, Bob Wolf showed them how those big checks they wrote to the IRS every three months to pay quarterly estimates could now be deposits into their kids’ college funds instead.
In addition, he and his wife invested in Terra’s Firma’s members-only alternative assets and not only achieved large tax savings but diversified their wealth-building strategies, as well.
