Testimonials
Explore how RainwaterCPA is helping business owners keep more, stress less, and finally take control of their taxes—straight from the clients themselves.
A husband and wife duo of doctors, with a combined income approaching $2 million annually, were facing a massive tax burden. They were in the highest tax bracket of 37%, and despite their success, they were paying an overwhelming amount in taxes. They needed a comprehensive tax strategy that would drastically reduce their tax liabilities while ensuring their financial goals were still being met.
We worked with them to create a personalized tax plan incorporating seven distinct strategies. These strategies included basic tax-saving methods and more complex approaches such as a defined benefit plan, accelerating depreciation on assets, utilizing a charitable trust strategy, investing in oil and gas, and exploring third-party equipment financing. By strategically combining these tactics, we were able to reduce their taxable income and take advantage of opportunities they hadn’t fully leveraged before.
As a result of these strategic moves, we saved them a total of $616,000 in taxes, effectively reducing their tax bracket from 37% to 22%. This significant reduction in their tax bill allowed them to keep more of their earnings and gave them greater flexibility to reinvest in their personal and professional growth.