Saved in Taxes
At RainwaterCPA, we specialize in providing comprehensive tax services tailored to the unique needs of businesses and individuals nationwide. From strategic tax planning and preparation to resolution and compliance, our team is dedicated to helping you minimize liabilities, maximize savings, and navigate complex tax landscapes. With a focus on personalized solutions, we work to ensure your financial success and long-term stability.
Let us run your numbers for free and show you how a tailored tax plan can save you money and set your business on the path to growth.
We serve a diverse range of industries, offering specialized tax services designed to meet the unique needs of each sector. Whether you’re in construction, real estate, healthcare, or technology, we provide tailored strategies to help you minimize taxes and maximize growth.
RainwaterCPA provides IT companies with tailored tax strategies that optimize deductions, reduce liabilities, and ensure tax efficiency in an ever-evolving industry.
We help medical professionals navigate complex tax scenarios, maximizing deductions and optimizing retirement plans to reduce liabilities and ensure financial security.
Our team creates tailored tax strategies for construction businesses, optimizing equipment deductions, managing payroll, and utilizing cost segregation to reduce tax liabilities and boost cash flow.
RainwaterCPA develops customized tax strategies for real estate professionals, maximizing deductions for property expenses, commissions, and investments to reduce liabilities and increase profitability.
Our expert professionals offer tailored tax strategies for skilled trades businesses, optimizing deductions for tools, equipment, and labor costs to minimize tax liabilities and improve profitability.
“I’ve been working with RainwaterCPA for a little over a year. They came highly recommended by a mentor of mine. From the initial call I was blown away by the level of professionalism and industry specific knowledge he and his team carries. I think in the end my partner and I saved 40k that would have been going to the tax man.”
“That’s amazing. It really justifies how awesome you guys are. You’re literally the dream team.”
“You guys are great. We still get the work done but we get the bonus of saving $25,000 and we can tell you really give a sh*t about our business.”
“This [tax projection] is super helpful. I was kind of in the dark, but this has been a great exercise.”
“Business owners who aren’t tax planning with you are literally leaving money on the table.”
“I endorse Rainwater CPA. They helped me get organized, save on taxes, develop a tax planning strategy, and answered my many questions to ensure that I understood that strategy. I’ve worked with many CPAs – this is certainly the team for people who are interested in getting a solid hold on their taxes and tax planning.”
“The staff is very knowledgeable and they give a customized, personal service to each client. I have switched 4 companies of mine to them and trust them explicitly! They do my personal return as well and have saved me thousands of dollars in taxes but showing me strategies to not only become more profitable, but grow my business with the increased profits from tax savings.”
“We’ve been working with the Rainwater CPA team for the last several years. Every year, because of their knowledge, I have been saving tens of thousands of dollars on my taxes. They have something that no other firm offers, a true process. They show you what you can expect and give great advice. And they are always willing to answer all of my questions. My prior accountant went MIA and gave no advice. This is truly a tax advisory and strategy firm unlike any other. I highly recommend them.”
“Excellent service and support. I have been looking for years for a great accountant and finally found one. Thank you.”
“I found Rainwater through a Facebook ad in Oct 2022 as of today 2/15/2023 they have saved me several thousands of dollars from mistakes my old CPA did not find or care to look!! Cant recommend enough.”
“Had some issues with delayed taxes this season but James was very responsive and is helping get everything back on track.”
“I can’t recommend RainwaterCPA enough! James and the team are incredible”
“Very professional, would highly recommend them.”
“Manages two of my businesses and could not be more pleased.”
“Speedy replies and very professional team”
Case Study
One of our clients, a managed IT firm owner, was preparing to sell his business. As with any sale, he was concerned about the tax implications, particularly how much of the proceeds would go to taxes. Without a strategic plan, the tax burden could have been significant, potentially reducing his earnings from the sale substantially.
Because we were involved in the process before the sale, we had the opportunity to structure the deal in the most tax-efficient way possible. We implemented a combination of accelerated depreciation, a charitable trust strategy, and a deferred trust, all of which worked together to minimize the tax impact of the sale.
By using these strategies, we helped our client save $507,626 in taxes, allowing him to keep a much larger portion of the sale proceeds. This strategic planning not only reduced his tax burden but also ensured that his financial goals were met, setting him up for a more secure future.
Case Study
A high-net-worth real estate investor had recently acquired a portfolio of residential rental properties and was on track to report substantial ordinary and pass-through income. Under standard tax treatment, the buildings would have been depreciated on a straight-line basis over 27.5 years, spreading the deduction thinly across nearly three decades. With income taxed at the top federal bracket and a high state rate, the investor faced a significant current-year liability and had limited planning in place to offset it. The opportunity was to front-load legitimate depreciation deductions to match the years of highest income.
RainwaterCPA coordinated a set of cost segregation studies across the portfolio. Cost segregation is an engineering-based analysis that separates a building’s purchase price into its component parts, identifying elements that qualify for 5-year, 7-year, and 15-year recovery periods rather than treating the entire property as a single 27.5-year asset. Personal property such as fixtures, finishes, and appliances was reclassified to 5- to 7-year recovery, and land improvements such as site work and paving to 15-year recovery. By moving qualifying components into shorter recovery classes and applying bonus depreciation where available, a large share of the property basis became deductible in the early years of ownership. Our firm coordinated the studies from start to finish, engaging qualified engineering providers and integrating the results into the overall tax projection so the deductions were properly reported and defensible.
The studies reclassified enough building basis to generate $642,000 in accelerated depreciation available in the current year. At the investor’s combined marginal rate, that produced an estimated first-year tax benefit of approximately $316,000, roughly $237,540 in federal benefit at 37% and $78,966 in state benefit at 12.3%. Pulling depreciation forward into the investor’s highest-income years, when each deduction offsets income taxed at the top marginal rates, materially improved after-tax cash flow available for reinvestment, through a repeatable framework that scales as the portfolio grows.