Dr. Sima is a successful dentist working in the heart of Maryland. Like many healthpreneurs, her days are a whirlwind of appointments, check-ups, and procedures. On top of that, she has to manage the day-to-day operations of running a bustling practice.
Stressful enough, right?
But every year, there was one looming task that cast an extra shadow of doubt over her entire life: TAXES.
Dr. Sima did what most healthpreneurs do. She tried to prepare her practice's taxes herself using TurboTax.
It seemed like a reasonable choice at first – a quick, accessible solution that allowed her to file her taxes without the need for a dedicated accountant.
However, the more her practice grew, the more complex her financial situation became.
She was hiring more staff…
And she soon discovered that TurboTax, while suitable for simple tax returns, couldn't quite keep up with the intricacies of her evolving business.
She had spent hours sifting through piles of receipts, invoices, and payroll data, attempting to understand the nuances of the tax code.
Even with TurboTax, she was still overwhelmed. It just couldn’t solve the unique challenges that came with running a medical practice.
She felt:
❌ Worried that she was missing important deductions relevant to her industry (and therefore overpaying her taxes)
❌ Anxious that she’d make a mistake and be audited by the IRS (which would steal even more of her time away from her patients)
❌ Tired of working in her business instead of on it (she had little free time—or business growth to show for all the hard work she’d been putting in)
Dr. Sima knew that every dollar saved in taxes could be reinvested into her practice or spent on her family.
The stakes were too high. By trying to handle her taxes all alone, she was risking the:
- future of her practice
- security of her family
- peace of mind she desperately longed for
The stress of it all was taking a toll on her. She realized that she needed a solution that would allow her to focus on what she loved most—providing quality dental care to her patients.
Dr. Sima decided to attend a financial literacy seminar for healthcare professionals. There, she learned that a Certified Public Accountant (CPA) could:
✅ maximize her tax savings
✅ prevent audits and penalties
✅ deliver peace of mind during tax season
That’s when she reached out to Sigma.
Here’s what we did for her:
- We evaluated her financial situation
- We reviewed Dr. Sima’s last 3 years of tax returns to find errors, missed deductions, and opportunities for tax savings.
- We made a plan to lower her taxes
- We delivered a comprehensive tax planning strategy tailored to Dr. Sima’s specific situation.
- She got a personalized tax calendar with essential filing dates, a list of industry-specific deductions, and a step-by-step plan for lowering her taxes.
- We monitored her monthly progress for sustained growth
- We corrected the previous year’s tax returns and put our strategy in place.
- Then we met with Dr. Sima every quarter to streamline her taxes and grow her finances.
It worked. Dr. Sima saved:
- 💰15% on her taxes by claiming missed deductions
- ⏰ 20 hours annually that she previously spent suffering through tax prep alone
And she felt:
- 🧘🏽 Waaaay less stressed, knowing that her taxes were handled by an expert
- 😎 More confident making business decisions thanks to numbers she could trust
- 🏃♀️ Energized and focused on expanding her practice and improving patient care
Transitioning from TurboTax to a specialized CPA saved Dr. Sima $15,219 and gave her much-needed peace of mind. So she could focus on what matters most: providing quality dental care to her patients.
Wondering how Sigma can get you the tax savings and peace of mind you deserve?
Find out if you could be saving and growing more with our free tax and financial health check
