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Discover Tax Breaks, Deductions and Loopholes with OAHU Honolulu Hawaii Small Business Employers S Corporation Business Tax Filing Tax Advisor Services - Call 808-468-8041 to Schedule a Consultation

HAWAII Business S-Corporation Tax Filing and Preparation with Diamond Head Tax Group tax advisory services. 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 OAHU services help small and midsize enterprises (SMEs) with S-Corporation Tax Filing and Preparation. Call: 808-468-8041

Honolulu, Oahu, Hawaii is a tourist destination and a world-leading vacation spot, which also means it is a great place for aspiring entrepreneurs and small business owners due to the bustling tourism industry and emerging markets.


Hawaii might be the perfect location for a vacation where you can get away from life's worries, but there's no escaping taxes, not even in the Aloha State. For business owners, OAHU Business Taxes can take a chunk out of their business' earnings, but small business owners can reduce taxes on their small business, such as by taking advantage of tax deductions and loopholes, proper tax preparation to avoid penalties and unwanted IRS scrutiny, and by streamlining the preparation and filing process.


This is where Diamond Head Tax Group OAHU Tax Consultant Services come in to aid small and midsize enterprises (SMEs) with S-Corporation Tax Filing and Preparation. Make filing Honolulu, Oahu Small Business and Employers' S-Corporation Business Tax Filing go smoothly by hiring Diamond Head Tax Group - OAHU Tax Planning and Tax Advisory experts, delegate this time consuming and complicated task so you can focus on your overall business strategy and rest easy knowing that the pros are sorting your taxes efficiently, even helping you collect the rewards of bigger deductions than you expected.



OAHU Hawaii Tax Filing and Tax Advisory Expert Services - Schedule a Consultation: 808-468-8041 

HAWAII Business S-Corporation Tax Filing and Preparation with Diamond Head Tax Group tax advisory services. 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
State of Hawaii Department of Taxation S Corporation Income Tax Forms.

When Tax Day comes, small businesses and large corporations alike must be prepared to prepare and file accurate tax reports to avoid penalties and unwanted IRS scrutiny. It pays to be prepared, to have a system in place to organize and tabulate company finances in an orderly manner, so that when Tax Day approaches the process of preparing income tax forms will go smoothly with no mistakes.


Corporate tax return filing requirements come with their own intricacies due to frequent changes in tax laws as well as the differences between filing corporate tax returns across state and local jurisdictions, or dealing with federal or even international tax authorities. This is where Diamond Head Tax Group's OAHU Tax Services come in, with experts well-versed in the time-consuming and complicated task of accurately filing corporate taxes.


OAHU S-Corporation Tax Filing Benefits

S-Corporations are a type of corporation that 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.

HAWAII Business S-Corporation Tax Filing and Preparation with Diamond Head Tax Group tax advisory services. 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
For S Corporations the tax obligations pass through the owners' personal tax reporting.

Preparing HONOLULU S Corporations Tax Returns and Filings:


Step 1

When a company is set up, after establishing a company as a C Corporation, there is an option to have it taxed as an S Corporation - meaning that tax obligations pass through the owners' personal tax reporting.


Step 2

Determining tax deductions that can be written off. The IRS allows business owners to deduct all current expenses necessary for the operation of their businesses as well as certain investment and real estate purchases, employee salaries and benefits, some taxes, insurance payments, and more.


Step 3

Paying estimated taxes to the IRS, after estimating how much tax you’ll need to pay on the net amount. C Corporations must submit estimated tax payments four times a year to state and federal authorities.


S Corporations on the other hand don’t pay income taxes, since they pass tax obligations through to their shareholders, which means that they usually don’t pay estimated taxes.


S corporations do need to pay estimated tax when their tax on built-in gains, the excess net passive-income tax, and the investment credit recapture tax total $500 or more.


Step 4

Filing tax returns on their due dates. S Corporations use Form 1120-S. For S Corporation shareholders they must report their share of income from the corporation on a Schedule K-1 attached to their personal tax returns.


S Corporations must file on the 15th day of the third month, which usually means that these companies’ tax returns are due on March 15. However extensions are available. Reach out to Diamond Head Tax Group OAHU for extensions. 

Diamond Head Tax Group OAHU services help small and midsize enterprises (SMEs) with C-Corporation, S-Corporation, Limited Liability Company (LLC) Tax Filing and 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 business organization consulting includes helping business owners and leaders determine their enterprise's path.

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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