Client Background

A dental practice with annual revenue of $1.2M and 10 employees. They had been filing taxes at year-end with no proactive planning.

Challenges

– Consistently overpaid taxes due to lack of strategy.
– Missed out on legitimate deductions.
– No retirement or compensation planning.

Our Solution

– Conducted a tax review and identified over $50k in missed deductions.
– Restructured the business entity from sole proprietorship to S-Corp.
– Designed a retirement plan for the owner and staff with pre-tax contributions.
– Implemented quarterly tax planning sessions.

Results

✅ Reduced taxable income by $55,000.
✅ Saved $28,000 in taxes in year one.
✅ Increased owner retirement contributions by $20,000.
✅ Better cash flow planning reduced stress during tax season.