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Case Studies

Case Study 1

Freelance Marketer

Overview

Daisy is a freelance creator who does social media marketing for several small businesses. She also sells her own marketing courses for extra income. Daisy makes $120k a year. She works remote with her laptop, and isn’t sure what tax deductions she can take – if any!

Approach

After evaluation, an S-Corp offered Daisy over $3,000 in tax savings. The Accountable Plan established got tax deductions that were previously missed. Trips to visit clients, lunches with mentors, and a full home office deduction are just a few of the uncovered deductions that saved Daisy thousands in taxes!

Results

$11,043

Saved in taxes

282%

Returnon investment

38%

Decreasein taxes

Case Study 2

Independent Contractor Dentist

Overview

Shamir is an independent contractor dentist working at two different offices. Continuing education is important to him, so he wants to do implant and extraction CE. Shamir makes $240k a year. He heard about S-Corps from several dental school buddies, and isn't sure if it’s a right fit for him too.

Approach

We identified significant savings with an S-Corp election. In addition to the savings from being an S-Corp, there were also major tax deductions that we documented! From additional milage deductions to education deductions, Shamir saved thousands more in taxes with the proper documentation.

Results

$24,624

Saved in taxes

753%

Return on investment

35%

Decreasein taxes

Case Study 3

Software Programmer

Overview

Tom is a software programmer. He just recently bought his first home! Tom makes $350k a year. He has never done any tax planning before, and feels like he’s paying a lot more than normal in taxes.

Approach

Tom claimed five-figure tax savings by classifying his business as an S-Corp. With the proper documentation, we helped him receive tax-free income by renting out his home to his business. In addition to other advanced planning strategies like these, we didn’t let any basic deduction slip by unrecorded. Little deductions add up to lots of savings!

Results

$16,088

Saved in taxes

457%

Return on investment

14%

Decreasein taxes

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