Reducing a Client’s Tax Burden by 35%

Background:

A mid-sized manufacturing company approached Accountsly & Associates with concerns about their annual tax outflows. Despite consistent revenue growth, the owners felt they were paying far more in taxes than peers in their industry.

Challenge:

• Disorganized expense tracking.
• Lack of knowledge about applicable deductions.
• Missed opportunities in tax credits and depreciation claims.

Solution:

Our team conducted a complete tax planning review. We identified unused deductions, corrected depreciation schedules, and restructured the company’s expense allocation. Additionally, we recommended shifting certain operations to tax-favorable structures.

Results:

• Reduced effective tax liability by 35% within the first year.
• Recovered over $420,000 in overpaid taxes from the prior two years.
• Implemented an ongoing compliance and planning framework, ensuring sustained savings.

Impact:

The client reinvested the savings into R&D and hired 12 new employees, improving both growth and retention. They’ve continued as a long-term client with us for 5+ years.