Consultant in the middle of a divorce, losing company benefits, and moving to a foreign country saves $27,043 a year.
Client Snapshot
Industry: Professional Consultant
Gross Revenue: $359.647
Entity Type: Sole Proprietor
The Challenge
The Client was experiencing major change in their personal life and professional life, which was stressful, confusing, and exhausting. Their current accounting team was not appropriate for their situation which resulted in paying significantly higher fees with no pro-active strategic assistance. They had no one to turn to for guidance in making financial decisions while navigating a divorce, losing their company benefits, and moving to a foreign country, which only added to the stress.
Encurio’s Approach
We started by understanding the Client’s situation and all it’s moving parts. Then, we:
- Educated the client on the different entity options available and helped set it up
- Took advantage of free tax deductions available from the IRS
- Aided the client in finding a financial advisor that fit their needs
- Helped design a retirement plan tailored to their needs
The Impact
This Client is why our team loves what we do! The annual tax savings of $27,043 was meaningful, as it helped the client rebuild their retirement and life after the divorce.
Their 10 year return on investing in Encurio planning was 3289%. Starting their own consulting company and selecting their own benefits was empowering and allowed them to tailor benefits to their needs, which gave them greater control and overall understanding. They now have a financial team that works closely together to provide quality guidance which moved them from feeling lost in space to firmly supported and that their life was moving in the direction of their choosing.
To learn more about how Encurio’s strategies could improve your businesses finances, set a meeting with us.
