Miller Management Success Stories
A corporate client saves over $50,000 during a 2-year period
When a new client came to us in late December expressing that they had earned a taxable profit of $100,000 and wanted to minimize their tax liability, we were able to develop a tax plan and implement it by year end. The success was due to the joint expertise of our experienced CPA and CFP(R) staff and our ability to quickly implement our plan.
A corporate client saves over $33,000 per year while streamlining operations to improve profitability each year
A client came to us to ask for help. They realized that their company was over-paying for their internal accounting. This particular client outsourced their payroll and accounting to us and saved $33,000 per year, received timely accounting and benefited from a highly experienced CPA with 12 years of experience consistently reviewing their financial statements.
Presented a plan to minimize an individual's tax by 60% in the current year
A client who owns a highly profitable car wash came to us concerned about excessive income tax liability. After meeting with us, we presented a custom plan that would reduce his income tax by over 60% and provide flexibility for cash flow needs as they arise.
A corporate client restructures debt to improve cash flow over $400,000 per month
This client built an impressive company from scratch over a 10 year period and became the largest company in his industry niche. His company relied upon vendor financing for cash flow needs due to carrying a very high Accounts Receivable. Because of the industry niche, no other lenders would refinance this debt. We scoured the country for a lender. After several months, we found a lender that would refinance the debt over a longer time period and at a much lower interest rate. Because of our professional network, our client could refinance his Accounts Receivable debt and lower his payments from over $525,000 per month to $125,000 per month .... a savings of over $400,000 per month.
Developed a financial plan for a retired client to increase cash flow by $25,000 per year with minimal tax increase
A retired couple sold their large home and downsized and had a substantial IRA of over $1 Million. They sought a higher income during retirement but not increased tax liability. By employing our multi-disciplinary professional firm, we were able to look at their situation from different angles and build a custom solution that covered their tax, cash flow and estate planning needs. Our plan gave the clients ability to access an additional $25,000 per year and minimally change their taxable income.
Designed a custom plan for the owner of a mid-market business to save over $1 Million the first year and $200,000 in subsequent years
This client came to us after she built a company with over $20 Million in sales; she wanted to improve profitability and needed a fresh pair of eyes to evaluate her situation. After reviewing her situation, we were able to present a custom, all-inclusive plan that achieved her goals and generated over $1 Million in benefit in the first year and over $200,000 in the subsequent years.
Saved over $40,000 in tax for owners of a start-up business
These clients were referred to us by current clients. These owners had left their previous employer to start their own venture in the industry where they had experience for the last 20 years. Because of their experience, they were very profitable the first year and were concerned about keeping taxes low while the company was growing and in its infancy. Our professionals collaborated and were able to present a multifaceted approach, reducing their tax over $40,000, and helping their company continue to grow to over $1 Million in revenue in the first year.
The owner of a fast growing company obtains over $1 Million to acquire multiple competitors
This owner of a successful professional firm came to us with a desire to purchase their local competition and become a large provider of their services in their most lucrative market. The client had the opportunity, but lacked the financial backing to purchase the competitor firms. Using our network of professional partners, we were able to provide a lender that offered commitment letters for the two acquisitions, totaling over $1 Million. Within two years, our client became one of the largest providers of their services and are now poised to grow even more.
A client minimizes tax by accomplishing estate planning goals and generates over $300,000 in current year deductions
This client had over a $1 Million investment portfolio. He wished to build an estate plan while generating tax deductions and helping his collegiate Alma Mater, for which he cared deeply, within a short timeframe. We immediately identified the other professionals in town that could help our client; we were able to mobilize the other professionals in an expeditious manner and meet our client's timeframe while giving him control over his estate and generating over $300,000 in tax deductions.
A client avoids a $37,368 Capital Gain
This client had an investment portfolio with highly appreciated assets and wanted to avoid capital gains. We were able to provide advanced planning techniques and saved him over $37,000 in capital gains tax while also accomplishing his goals.
A college student enters Major League Baseball
A client called us and said that their son, a pitcher throwing over 95 MPH, had been contacted by several scouts from Major League Baseball and did not know how to proceed. Our division tailored for professional athletes and entertainers was able to put him in touch with several agents who had experience with Major League Baseball; our client was eventually signed by a farm team of one of the teams in the MLB.
A college student enters the National Football League
One of our clients, a professional athlete, referred us to a student poised to graduate college and having the potential to enter the NFL. We contacted the student and told him that we had the resources to help him. We reached into our network of sports agents and matched him up with an agent with whom he built a relationship; he was signed to a team and has started for that team during the last several years.
A high school student enters the National Basketball Association
We were referred to a private high school basketball coach who had built an organization that helped high school students enter the NBA. During this particular year, he had a solid prospect who had been scouted during the previous years. While the coach helped the student prepare physically, we helped the coach and the agent prepare his financial plan and educate him on the responsibilities. The client entered the NBA draft and was signed to a team as a free agent and played in the league for 3 seasons.
Provided a $5 Million term sheet for mezzanine debt to a builder to build a $26 Million+ boutique hotel
This client was referred to us by a current client. This client owned a small chain of boutique hotels and wanted to build this hotel as his crown jewel but could not raise enough equity to qualify for a loan from the bank to start construction. He came to us to take advantage of our network of professionals. After several months, we were able to secure a $5 Million term sheet for mezzanine debt from an institutional investor so the developer could approach the banks to begin construction.
Provided a $19 Million term sheet for mezzanine debt for a builder to build a 3-phase, $250 Million mixed-use project
This builder was referred to us by another professional. This builder needed to raise a larger than normal amount of equity for their new project. They needed help raising funding to start their new mixed-use project, their largest project to date. We contacted our institutional investors and they were interested in the project. Within 60 days we were able to present a term sheet to provide the mezzanine debt financing to the builder, enabling them to startbuilding their project.
Provided a $415,000 term sheet to a client to build a second location after his bank pulled out at the last minute
This client was referred to us by a current client. The new client had negotiated with a builder to build their second location of their successful high end spa. However, after final agreement with the builder, the client's bank decided not to fund the construction loan at the last minute, leaving the client in a tight spot. We contacted the client and placed them in contact with one of our lenders and the client was provided a term sheet for their costs on the new location with additional working capital within 30 days of establishing a relationship with our firm.
Provided over $30,000 for a startup from a municipal enterprise zone program
Our client left her place of employment with 15 years experience to start her own company. She had the expertise and drive but could not fund her new company. She came to us for help. Using our network of professional service providers, we were able to help her secure a $30,000 loan from a municipality through a startup program designed by the city. Currently, she is in business and growing.
A client saves $35,000 after they talked with a late-night TV tax reduction agency
This client came to us to file 6 years worth of tax returns and owed tens-of-thousands of dollars in back taxes; his primary fear was that the IRS would take his home. He had contacted a late-night TV tax reduction agency that is famous for "reducing IRS Debt". He brought in all of the returns and asked us to review them to ensure the job was done correctly, as he was facing a large tax payment. Upon reviewing all of the tax returns, we were able to help him save over $35,000 above and beyond what the late-night TV specialists prepared for him.
A client reduces tax by $40,000 at the end of the year
This client was a brother of a current client. He was earning over $400,000 a year and sought help to keep more of what he earned. As we first met a mere few weeks before the end of the year, we did not have the pleasure of working with the client the entire year. However, we were able to design and present a plan that he implemented, thus saving $40,000 in tax and over $100,000 per year thereafter.
A retired Fortune 1000 executive reduces his tax liability by 40% per year
This client came to us concerned about the amount of tax he was paying and asked for our assistance. After our professionals collaborated, we presented a three-pronged, flexible solution that reduced his tax liability by over 40 percent.
A growing company aims to add $300,000 in sales over the next year
This company was referred to us by a vice president of another company for which we have consulted. This client built a million dollar company over the previous 5 years and sought help to improve profitability and grow sales significantly over the next year. After spending several months with their company, we identified several services that could easily be integrated into their current offerings, and thus help them achieve their sales goals. These new offerings did not require significant investment and the clients they served were already asking for these new services; our client had simply not considered offering these additional services. The client estimated they had overlooked selling nearly $300,000 worth of this new service within the last 12 months and they are on track to recover these lost sales in the current year.
A client breaks away from his partner to start his own entertainment firm
A client was referred to us by an executive of a publicly owned company. This client realized
that his partnership with his current partner had run its course, and wanted to buyout his partner;
he was unsure of the proper stance to take due to multiple issues such as severance, deferred compensation,
and extensive intellectual property that both partners owned. Upon listening to the client, we
learned and understood his needs and developed a strategy that would allow him to achieve his goal
of buying his partner out with the least amount of tax consequence while retaining the compensation
owed to him. He was so pleased with the outcome, he now refers his clients to us.
