Tax Planning & Strategies
Up-to-date solutions to your short- and long-term objectives.
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. 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. Leave tax planning and strategies to us.
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. 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. Leave tax planning and strategies to us.
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
- Nonprofits
- Individuals
- Employee Benefit Plans
- Retirements, Estates & Trusts
Leave tax planning and strategies to us.
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.
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.
Tax Insights
Q & A
Does tax-exempt status mean I am exempt from all taxes?
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.
What business expenses can I deduct?
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.
How much of Social Security is taxable?
If the combined income for you and your spouse exceeds $32,000, a portion of your Social Security will be taxable. If your income exceeds $44,000 up to 85% of your Social Security will be subject to income tax.
Certain individual tax breaks have been extended this year. Do any apply to me?
It is possible if you had significant medical costs, education expenses, or made energy-efficient improvements to your home. Several popular tax breaks that expired at the end of 2017 have been renewed for tax years 2018 through 2020.
Tax Planning & Strategy Leadership
