Client Profile:
A mid-sized business in the professional services sector facing high tax liabilities and inefficient cash flow management.
Challenge:
The client was losing significant after-tax income due to outdated tax strategies and lack of proactive planning.
Solution Implemented by The Firm of Sheldon L. Richards, CPA:
- Conducted a comprehensive tax strategy review.
- Implemented entity restructuring to optimize tax treatment.
- Leveraged Section 179 and bonus depreciation for asset purchases.
- Introduced quarterly tax planning sessions to align financial decisions with tax impact.
- Identified overlooked deductions and credits, including R&D and energy efficiency incentives.
Results:
- $90,142 increase in after-tax cash flow within the first fiscal year.
- Bottom line revenue boost through improved financial efficiency and reinvestment strategies.
- Enhanced client satisfaction and long-term retention.
Quote from the Firm:
"We don’t just prepare taxes — we engineer financial outcomes. This result is a testament to proactive planning and deep tax code expertise." — Sheldon L. Richards, CPA
