Tax

Planning & Strategies

Tax Overview

Albert Einstein once said, “The hardest thing in the world to understand is the income tax.” At HW&Co., we understand that you want to focus on what your business does best.

Leave tax planning and strategies to us. Successful planning is critical to your financial goals. We deliver up-to-date solutions to your short- and long-term tax planning objectives.

From determining the structure of a new entity, through its life cycle to sale or liquidation, our experts can guide you through the tax labyrinth to minimize the tax impact.

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Who We Serve

HW&Co. accountants serve as trusted advisors. Through extensive research, we interpret tax law. Additionally, we educate clients on changes that may cause an impact. Our focus is on optimizing taxes, strategy and connecting you with professionals including HW financial advisors, attorneys and bankers.

  • Businesses
  • Nonprofit Organizations
  • Individuals
  • Employee Benefit Plans
  • Retirement, Estates and Trusts

Q & A

Question:

What business expenses can I deduct?

Answer:

You can deduct almost every legitimate business expense, there are some limits to the amount that you can deduct. Some expenses are not considered to be deductible for business tax purposes. Those non-deductable expenses include political contributions, capital expenses, and entertainment expenses.

Question:

Does tax-exempt status mean I am exempt from all taxes?

Answer:

No, if an organization has received tax-exempt status from the federal government, it doesn’t make them exempt from state and local taxes, property taxes, payroll taxes or other taxes.