CORE Group Case Study
Transforming Business Operations with Core Group
About the Client
Kyle Thomas is an independent cinematographer and founder of Kyle Thomas DP, specializing in gimbal work for commercial, documentary, and corporate projects. With a focus on delivering high-quality video content, Kyle manages both small and large productions, often collaborating with a network of contractors to bring his vision to life.
The Challenge
Before partnering with Core Group, Kyle struggled with the financial management aspects of his business. As a small business owner in a fluctuating industry, he faced challenges in transitioning from an LLC to an S-Corp, managing personal retirement investments, and optimizing his business and personal taxes. Additionally, Kyle sought a partner who could understand the unique financial dynamics of the production space.
Approach
Kyle's journey with Core Group began when he found them through an online search. Impressed by their specialization in working with businesses of 10 employees or fewer and their expertise in the production industry, Kyle engaged Core Group for their accounting, business consulting, and personal wealth management services. Core Group's holistic approach, including their Profit First model, offered Kyle the peace of mind and financial clarity he needed to focus on his creative work.
The Results
Partnering with Core Group revolutionized Kyle's business operations and personal finances. By leveraging Core Group's expertise, Kyle successfully transitioned to an S-Corp structure, saving over $10,000 in self-employment taxes. eir Profit First model helped Kyle better understand cash flow management, leading to improved financial stability and the ability to set clear financial goals for both his business and personal life. Moreover, Core Group's personalized approach and unwavering support made Kyle feel like a valued member of their community, enhancing his overall experience.
Testimonial
“Core Group has been a game-changer for my business and personal finances. From helping me navigate the transition from LLC to S-Corp to offering a comprehensive one-stop shop for business and personal wealth services, they have significantly streamlined my financial processes. The personalized attention, focus on small businesses, and genuine care for their clients set Core Group apart. Their Profit First model and expertise in understanding the nuances of the production space have provided me with peace of mind, allowing me to focus on growing my business. Highly recommended!”
Kyle Thomas
Conclusion
Core Group's partnership with Kyle Thomas exemplifies their commitment to providing tailored financial solutions for small businesses in specialized industries. By understanding their client's unique needs and offering comprehensive services, Core Group not only drives financial success but also fosters trust and long-term relationships. Kyle's success story stands as a testament to the invaluable impact of Core Group's expertise and personalized approach.