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HONOLULU S-Corporation Payroll Services - Create Tax Savings with Diamond Head Tax Group OAHU Business Payroll Setup Services - Call ☎️ 808-468-8041

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HONOLULU S Corporation Payroll Services at OAHU Tax Advisors and Payroll Experts Diamond Head Tax Group OAHU. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041
HONOLULU S Corporation Payroll Services at OAHU Tax Advisors and Payroll Experts Diamond Head Tax Group OAHU. Call: 808-468-8041

Small business owners form S Corporations because they can create large savings, especially with self employment taxes. When an S Corporation is formed, the IRS allows income to flow through the corporation without being taxed until it is claimed as income by the owners. This avoids the double taxation issue faced by C Corporations. This means S Corporations may pass income directly to shareholders along with other credits, deductions and losses. S Corporations do not pay federal corporate taxes. This setup is associated with small businesses with 100 or fewer shareholders.


Diamond Head Tax Group OAHU Tax Advisors and Payroll Services provide HONOLULU small businesses with affordable Payroll Services that specializes in S Corporations to help them gain tax savings and other advantages, even helping business owners collect the rewards of bigger deductions than expected.


HONOLULU S Corporation Payroll Services for OAHU Small Businesses Available at Diamond Head Tax Group - Schedule a HONOLULU Payroll Preparation Consultation: 808-468-8041

 Diamond Head Tax Group OAHU are experts in helping small and midsize enterprises (SMEs) with Hawaii S Corporation Income Tax Return preparation. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041
Diamond Head Tax Group OAHU Tax Advisors and Payroll Services provide HONOLULU small businesses with affordable Payroll Services that specializes in S Corporations.

Forming S Corporations is often the route OAHU Small Business Owners take in order to create large savings especially with self employment taxes. S Corporation Shareholders might also pay less in "additional Medicare" taxes and enjoy a lower historic rate of examinations or audits. Still, Small Business Owners must take care when it comes to payroll and tax matters because penalties for non-compliance are more intense and stringent than they are for sole proprietors.


Forming an S Corporation is more suited for HONOLULU Small Businesses making more than $60,000 per year in net profit after expenses. One of the compliance rules for OAHU S Corporations is the "reasonable salary" requirement. According to the IRS, S Corp Owners who provide more than minimal services to their S Corporation must pay themselves as employees of the S Corporation so that both the employee and the employer pays their appropriate share of Social Security and Medicare Taxes.


This structure has the advantage that owners can generally take the remaining profits as dividends to shareholders of the S Corporation – which are not subject to social taxes. Due to this S Corporations can have large tax advantages over sole proprietors because the latter pays both the employer and employee social taxes on 100% of their net profits.


Payrolls Can Get Complicated... So Let The Pros Simplify It!

What Employers Need to Know About Payroll Taxes in Honolulu, Oahu. Diamond Head Tax Group OAHU Experts. Honolulu's trusted source of tax filing services for personal and business serving Honolulu, Aiea, Waikiki, Waipahu, Ewa Beach, Kapolei, Pearl City, Kahala, Portlock, Oahu and surrounding areas. Call: 808-468-8041
Diamond Head Tax Group OAHU experts will handle s periodic electronic tax deposits for federal payroll and withholding taxes, state withholding taxes, state unemployment taxes, and federal unemployment taxes.

Diamond Head Tax Group Payroll Services will simplify S Corporation Payroll and ensure S Corporation Compliance by providing expert paycheck calculation and payroll bookkeeping, preventing mistakes and errors during S Corporation Tax Filing, which will in turn avoid unwanted IRS scrutiny, audits or penalties.


With an S Corporation, income is taxed once at the individual level and unlike the Limited Liability Company (LLC), the distribution is not subject to the Self Employment Tax of 15.3 percent. For S Corporations, a reasonable salary (inclusive of employment taxes) must be paid to the owner before a tax-free distribution can be made.


Diamond Head Tax Group OAHU experts will handle s periodic electronic tax deposits for federal payroll and withholding taxes, state withholding taxes, state unemployment taxes, and federal unemployment taxes. Each of these payments also has an associated tax return that is due periodically, and there are also annual forms to file such as the W2, W3, and state equivalents.


The tax savings and other advantages of organizing an S Corporation will offset the additional accounting costs, businesses will see very large tax savings even with the added payroll processing, depositing and filing costs.


Tax Planning Advantages for OAHU Small Business Owners

Diamond Head Tax Group efficient QuickBooks payroll systems setup. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call Diamond Head Tax Group: 808-468-8041
Diamond Head Tax Group will help OAHU Small Business Owners form S Corporations to create large savings, especially with self employment taxes.

Diamond Head Tax Group OAHU Payroll Services will give HONOLULU Small Business Owners a tax planning advantage. Operating as an S Corporation and running payroll will help stabilize income and tax situations as you can withhold the forecast income tax liabilities from each paycheck.


Our services will ensure that your HONOLULU S Corporation business structure will be beneficial to the shareholders and result in paying less taxes than they would if they worked as an employee, filed as a sole proprietor, or had their profits taxed at the corporate tax rate.


For S Corporation, tax deposits, payroll tax returns, and payroll bookkeeping, payroll compliance can be a bit technical. Meet S Corporation requirements and gain tax planning advantages for OAHU Small Business Owners by making use of Diamond Head Tax Group OAHU Tax Advisory Services.

 

Why Choose DIAMOND HEAD TAX GROUP CPA Services HONOLULU?

HONOLULU Financial Planning for OAHU Businesses and Individuals Available at Diamond Head Tax Group OAHU. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041

As Honolulu continues to expand, we continue to be the trusted local Oahu CPA firm. We are Located in the heart of Honolulu, and are focused on delivering professional and quality CPA Services to the small businesses and residents in Honolulu, Oahu.


We are proud to offer our tax and accounting firm services that help with the financial and business needs of our clients. Whether those needs are personal or business, we are here to provide you the financial guidance you seek.


When you partner with Diamond Head Tax Group, you’ll receive rates that are competitive and reasonable, flexibility that works around your schedule, and excellent client services.

 
HONOLULU Financial Planning for OAHU Businesses and Individuals Available at Diamond Head Tax Group OAHU. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041
HONOLULU Financial Planning for OAHU Businesses and Individuals Available at Diamond Head Tax Group OAHU. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041
HONOLULU Financial Planning for OAHU Businesses and Individuals Available at Diamond Head Tax Group OAHU. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041

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HONOLULU Financial Planning for OAHU Businesses and Individuals Available at Diamond Head Tax Group OAHU. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas. Diamond Head Tax Group in Honolulu, Oahu. Call: 808-468-8041

Contact us and let our skilled OAHU Tax Experts offer their well-rounded tax advice and tailored tax solutions to help you file accurate tax reports. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas.


Oahu CPA Tax Firm Honolulu Alan Chan Diamond Head Tax Group Personal and Business Tax Filing and Preparation Tax Advisory S Corporation LLC Payroll Services


5 Star Client Testimonials Oahu CPA Tax Firm Honolulu Alan Chan Diamond Head Tax Group Personal and Business Tax Filing and Preparation Tax Advisory S Corporation LLC Payroll Services


We are available to assist you with your Tax Needs.

Individuals ● Business ● Tax Advisory ● Payroll Services

Oahu CPA Tax Firm Honolulu Office 1050 Queen Street #100, Honolulu Hawaii 96814 Alan Chan Diamond Head Tax Group Personal and Business Tax Filing and Preparation Tax Advisory S Corporation LLC Payroll Services





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Honolulu, Oahu Tax Advisors

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We are available to assist you with your Tax Needs.

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Honolulu, HI 96814

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