Case Studies

Category: Agri-Business

Problem: High interest costs and low cash flow, despite $1.2 Million in annual revenues
Value We Added: Better cash flow

The major issue we were able to resolve for this business was efficiency of their financial reporting. They were using Quickbooks, but ineffectively. We redesigned their Quickbooks operations so all data was captured and properly categorized. Information previously was only compiled at year-end and now data is available monthly.

As a result of these changes, this family business spent less money on interest from their line of credit because of better cash management. With the data more readily available, we were able to help them develop a new incentive based pay structure for one division of the company that was previously losing money. 
 

Category: Real Estate

Problem: High tax costs
Value We Added: Lower tax costs and retirement fund contributions

A solo real estate agent approached us with a typical question: how can I pay less in taxes? The agent’s expenses were fairly low, and his largest business expense was tax payments. We restructured his business from a Schedule C to and S Corporation, allowing the agent the opportunity to better control when and how often taxes were paid.

We also implemented a solo 401k plan, allowing the agent to save additional amounts for retirement. Both the change in business entity to an S Corporation and the retirement plan implementation saved the client over $7,000 in taxes annually.