Case Study: Identifying Tax Deductions Results in Nearly $1 Million in Savings

Client:

Wine producer and distributor

Challenge:

The client previously worked with a large accounting firm that failed to provide ongoing, strategic financial planning, resulting in the company paying unnecessary taxes.

Strategy:

Fineman West’s partners conducted a thorough audit of the client’s business operations and related taxes. We advised them to take advantage of the qualified business income (QBI) deduction and identified other areas where they could write off expenses. Understanding cash flow was important to the company, so we performed a budget analysis and developed a financial plan that would improve their bottom line.

Result:

The client saved an estimated $750,000 to $1 million in taxes, and had a comprehensive financial plan in place. Ready to transform your business? Contact us today at (213) 688-9898 or info@fwllp.com.