The Massachusetts millionaire surtax added 4% on income over $1M. Boston business owners need proactive strategy to manage the combined 9% state rate.
Flat 5% income tax plus a 4% surtax on income over $1M (passed 2022). High SALT state. Strong demand for tax planning.
No local income tax, but Boston has high commercial property tax rates. MA corporate excise tax applies.
A Boston biotech consulting firm with $2.6M in revenue was hit by the new millionaire surtax with no mitigation strategy. After PTET election, S-Corp restructuring, and a cash balance plan, they reduced their effective state rate by 3.1 percentage points, saving $82,000 annually.
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 →Claim dollar-for-dollar federal tax credits for qualifying development, engineering, and process improvement activities.
Learn more →Shelter $150,000 to $300,000+ per year through custom pension plans designed for high-income business owners.
Learn more →Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →We serve Boston 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.