PROJECTS COMPLETED
As a managed IT business owner, managing taxes and planning an exit strategy are both key to growing and protecting your business. Our business tax preparation services ensure that your tax filings are accurate and optimized, helping you minimize liabilities and maximize deductions. When it’s time to transition, our exit planning services provide a tailored strategy to maximize the value of your business, ensuring you get the best return while minimizing tax burdens. We help you plan for a successful future—whether you’re growing or preparing to sell.
Like your IT systems, your tax strategy needs optimization. Let us run your numbers for free and show you how our tax planning services can minimize your liabilities and maximize your savings.
As a technology company, you face tax complexities that can eat into your profits if not handled right. Even when you’re dealing with tech advancements and fluctuating business models, RainwaterCPA helps you develop a tax plan that keeps up and maximizes your savings.
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.