Detroit is in the middle of an economic revitalization. Manufacturing, real estate, and automotive businesses have massive depreciation and credit opportunities.
MI flat 4.25% income tax. Moderate state burden. Detroit adds local tax.
City of Detroit income tax: 2.4% for residents, 1.2% for non-residents. Detroit corporate income tax of 2%.
A Detroit auto parts manufacturer doing $6.1M in revenue was using standard depreciation on equipment and had never claimed R&D credits. After Section 179 acceleration, R&D credits, and entity restructuring, annual savings totaled $98,000.
Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →Deduct the full purchase price of qualifying equipment, vehicles, and assets in the year they are placed in service.
Learn more →Claim dollar-for-dollar federal tax credits for qualifying development, engineering, and process improvement activities.
Learn more →Optimize your business structure across LLCs, S-Corps, and holding companies to minimize tax exposure and maximize protection.
Learn more →Defer and reduce capital gains by investing in qualified opportunity zone funds tied to revitalization areas.
Learn more →We serve Detroit business owners remotely with the same depth as a local firm. Our Tax Intelligence Framework starts with a comprehensive review of your financials, entity structure, and current tax position. We then build a custom strategy and implement it.
We work alongside your existing CPA, not replacing them. Learn more about our tax strategy service or read about how we work alongside your CPA.
Book a free review and we'll identify exactly how much you're overpaying and the strategies to fix it.
Tell us about your business and we'll identify every savings opportunity available to you.