Business Tax Strategy · Detroit, MI
Business Tax Strategy for Detroit & Michigan Owners
If you're a profitable Detroit business owner using a basic LLC or sole prop, you're likely overpaying tax by $15,000-$50,000+ per year. Not because your CPA is bad — because most CPAs prepare returns, not strategy. Ten Point Financial Group works alongside your CPA to design entity structures, retirement plans, and deduction strategies BEFORE the year ends, not after.
$15K-$50K+
Typical annual savings
$60K-$300K
Annual retirement plan shelter
Coordinated
With your CPA, not against
Why Detroit
Detroit has thousands of self-employed professionals, business owners, and real estate investors who are paying full self-employment tax on every dollar of profit. They're using a basic SEP IRA when a Cash Balance plan could shelter 5x more. They're not using the Augusta Rule, accountable plans, cost segregation, or family employment. Most of these strategies are written into the tax code — not loopholes. Most CPAs don't bring them up because they're not paid to design the year, only to file it.
How we help
Entity Selection Review
Sole prop vs LLC vs S-Corp vs C-Corp. The right choice depends on your profit level, state, retirement goals, and exit plans. We model the savings of switching.
S-Corp Strategy
Reasonable salary + distribution split that cuts self-employment tax by $8K-$20K+ per year for $80K+ earners. Done with proper salary documentation.
Business Retirement Plans
Solo 401(k), SEP IRA, SIMPLE IRA, traditional 401(k) with profit sharing, Defined Benefit / Cash Balance plans — shelter $60K-$300K+ per year tax-deferred.
Augusta Rule + Family Employment
Rent your home to your business 14 days/year tax-free. Pay your kids for real work up to the standard deduction. Tax-free transfers within the family unit.
Real Estate Tax Strategies
Cost segregation, REPS, 1031 exchanges, short-term rental loopholes. For business owners with rental property or planning to buy.
Frequently asked questions
I already have a Detroit CPA. Why would I need a tax strategist?+
Your CPA prepares the return. A tax strategist designs the year. Two different roles. We coordinate with your CPA, not replace them — most of our clients keep their existing CPA and add us for proactive planning.
What's the income threshold where this starts to matter?+
Self-employment tax savings via S-Corp election typically pay for themselves at $80K+ profit. Cash Balance plans usually fit owners with $250K+ in consistent profit. Most tax strategies have a threshold; below that, the complexity isn't worth it.
Are these strategies aggressive or risky?+
Every strategy we recommend is written into the IRS code. They're not loopholes — they're incentives the government built into the system. Compliance and documentation are what matters. We make sure you have both.
How much do you charge for tax strategy work?+
Depends on the engagement. Some projects are flat-fee (e.g., entity restructure analysis, retirement plan setup). Some are ongoing retainer for year-round planning. Initial consultations are free — we'll lay out options at the end of the first meeting.
Do you handle the actual tax filing?+
No — that stays with your CPA. We design the strategy; your CPA executes the filing. This separation actually works in your favor (two sets of eyes, clearer accountability).
Learn more
Free tax strategy review
Bring last year's return. We'll spend 30 minutes auditing for missed deductions, entity issues, and retirement plan opportunities — and tell you what changing them would save next year.
Educational content only. Not financial, legal, or tax advice. All services are provided by licensed professionals. Coverage decisions depend on individual circumstances.