COVID-19 Resource Center

In these uncertain times, the HiAccounting team continues to be committed to serving as your trusted and valued partner and delivering the quality service you expect from us. If you or your business need help navigating the changing tax, accounting or payroll laws or deadlines, creating a strategic plan to move forward, addressing sudden staffing issues or meeting other challenges, we are here to support you.

View COVID-19 Resources

Tax & Accounting Resources


Choosing Between Cash-Basis and Accrual-Basis Accounting

Making the choice between cash basis and accrual basis may be confusing. Don’t worry, we will break them down so when the time is right, you can make the best choice that supports your business.


Selling Your Home?

With the recent surge in the residential real estate markets, homeowners may be considering selling their residence. Homeowners should be aware of the potential tax implications, as the gain realized on a sale in today’s market could be significant.


Updated Standard Mileage Rate 2022

The IRS announced a revision to the standard mileage rates for computing deductible costs of operating an automobile for business, medical or moving expenses.


What Type of Entity Should Your Business Be?

When determining which business form best suits the needs of the owners, many factors need to be considered. These include both tax and nontax factors. The goal in choosing a business form is to structure it so the form meets the taxpayers nontax objectives, while maximizing any current and future tax benefits.


Form G-49 - Annual Hawaii General Excise Tax Returns - Due April 20th

Hawaii’s Annual Return & Reconciliation of General Excise / Use Tax Return (Form G-49) are due the 20th day of the fourth month following the close of the taxable year. For 2021 calendar year filers, that means the due date for Form G-49 is April 20, 2022.


Retirement Contributions Deadline Approaching

Tax Day, April 18th, is a little over a month away, but there’s still time to make your 2021 retirement contributions!


Business Tax Deadline Approaching - March 15th

As a reminder, if you operate an S Corporation or Partnership your federal tax return is due on March 15th.


Tax Year-End Planning

As we approach the end of the year, there may be opportunities for you to improve your tax situation. Effective tax planning can help reduce income taxes for current and future years.


Mid-Year Review Checklist

Summer, a wonderful time of year to enjoy the weather, family beach trips and revisit financial targets!


Monthly Child Tax Credits - IRS Payments Start July 15th

The Internal Revenue Service has started sending letters to more than 36 million American families...


Retirement Contributions Deadline Approaching

Tax Day, typically April 15th was pushed back to May 17th. This means there is still time to make your 2020 retirement...


Supporting Nonprofit Organizations Since 2009

Subject matter experts at HiAccounting are committed to serving nonprofit organizations in our local community...


$28.6 Billion Restaurant Revitalization Fund (RRF)

The Restaurant Revitalization Fund (RRF) grant program will go live on Monday, May 3, at 12 p.m. Eastern...


Tax Day Extended for Many, But Not All Individuals

The Treasury Department and Internal Revenue Service (IRS) announced Wednesday, March 17th...


Tax Day is Approaching

Individual, C Corporation and Trust/Estate federal tax returns are due on April 15th. If we do not receive your tax documents by March 18th...


A Friendly Reminder

As a reminder, if you operate an S Corporation or Partnership your federal tax return is due on March 15th. If we have not yet received your tax documents...


HiAccounting Provides Full-Scale Tax Services

Tax law is a complicated affair that is ever-changing. Through rigorous professional training and routine participation...


Claiming the Advance Tax Credit

The CARES Act, which was passed into law to help stimulate the economy, authorized 2 rounds of stimulus payments...


NEW Form 1099-NEC Nonemployee Compensation

Form 1099-NEC (Nonemployee Compensation) is a new tax form that businesses will be required to file...


2020 Tax Planning Guide

As we approach the end of this unprecedented year, there are some tax opportunities your family and business may want to consider before year-end....


Hawaii's General Excise Tax (GET)

In short, No. Hawaii does not have a sales tax. The GET is different from a sales tax because: A sales tax is a tax on customers whereas GET is a tax on businesses...


Choosing a Business Structure

When determining which business form best suits the needs of the owners, many factors need to be considered...


Education Tax Credits to Keep You Growing

An individual may claim one of two types of educated-related tax credits, the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Credit...


Selling Your Home?

For the past 22 years and counting, Section 121 of the Internal Revenue Code has allowed homeowners of all ages to exclude gain on the sale of a "principal residence."

Get In Touch

HiAccounting would be pleased to get in touch to discuss your accounting needs.

Maui Office

24 N Church Street
Wailuku, HI 96793
Phone 808.356.4357

Oahu Office

700 Bishop St. Suite 600
Honolulu, Hi 96813
Phone 808.529.9990

Office Hours

Monday - Friday
8:00am - 5:00pm
Closed on Holidays
AccountingToday Best Accounting Firms to Work For 2020
Hawaii Business Top 250 2011-2021
Hawaii Business Best Places to work 2011-2022
BBB Torch Awards for Ethics