Maryland stacks state and county taxes into one of the heaviest burdens on the East Coast. Baltimore business owners doing $500K+ need proactive strategy, not just compliance.
MD top rate 5.75% plus county income tax surcharges (up to 3.2%). Combined state + local burden can exceed 8.95%. High SALT state.
Baltimore City income tax rate of 3.2% on top of state rate. One of the highest combined state/local burdens on the East Coast.
A Baltimore medical practice group with three physicians was structured as a single-member LLC and paying over $210,000 in combined state and federal taxes. After restructuring into an S-Corp with a cash balance pension plan, their total tax burden dropped by $94,000 in the first year.
Bypass the $10,000 SALT deduction cap with a Pass-Through Entity Tax election, recovering state taxes as a business deduction.
Learn more →Optimize your business structure across LLCs, S-Corps, and holding companies to minimize tax exposure and maximize protection.
Learn more →Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →Claim dollar-for-dollar federal tax credits for qualifying development, engineering, and process improvement activities.
Learn more →Go beyond a basic 401(k). Cash balance plans, defined benefit plans, and hybrid structures multiply your tax-advantaged savings.
Learn more →We serve Baltimore 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.