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Looking for a Small Business Accountant Honolulu - Save $10k to $250k This Year!

Our world class tax planning and accounting services are unmatched in the industry, saving you now and looking ahead for a bright future.
Serving the greater Honolulu area’s 833,671 residents and 45,650 businesses spanning Pearl City, Waikiki, Kapolei, and beyond for all of your Honolulu small business accounting needs.
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Tax Planning Case Study Image

Case Study

How We Helped a Couple Save $160,000 in Taxes After a Big Whoopsie!

Does this sound like your
current tax situation?

I'm so TIRED of seeing all this money going to the IRS!!
But I see how "the rich" are protecting their assets.
tax-situation
My accountant says "it's just how it is."
AND I KNOW there's something better we can be doing!

We’re the Honolulu Small Business Accountant
for You, If You Want…

Tax Savings Icon
More Tax Savings
We’ll ensure you are saving as much as you possibly can on taxes. Never wonder again if you’re leaving money on the table.
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Extended Guidance
Our tax planning services are extraordinary because we are here to guide you and help you manage your money so that it works hard for you.
Legacy
A Tax-Free Legacy
Our estate and trust tax services ensure the legacy you leave behind is as free as possible from the government eating up 40% of your estate.
«Our tax planning services go far beyond what most Honolulu small business accountants offer ensuring your money is working hard for you now and for generations.»
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Trusted by Honolulu Business Owners



“They were quick to get back to us and set up an in person appointment to discuss final taxes on an estate. The office was professional and in a great easy to get location.”

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Doddie Dunbar



“We have had our taxes done here for many years. They have always been professional and provided excellent customer service.”

Rhiannon O'Brien



“Tim is wonderful. Easy to work with and very thorough, saving me money on my business taxes. I wouldn't use anyone else.”

Tessie Adams

CPAs Who Go Beyond Tax Planning

Established in 1964 in Portland’s Hollywood district, this firm already offered extraordinary tax planning services. Since then, I have evolved our firm beyond the typical accounting solutions to include estate planning and wealth advisory because I wanted to take care of my family’s legacy wealth and help others do the same.

That’s why I show up for my clients, not just from January through April, but ALL year long. I’ve seen the disaster that is created as a result of poor tax planning. And I want better for you and your family.

I enjoy connecting with my clients to understand what’s most important to them so I can help them make their dreams a reality, in this life and for the legacy they leave behind.

On behalf of my family and our amazing team at Downing & Co, I look forward to working with you so you can save in taxes today and ensure your legacy for the future.

Tim Downing
Tim Downing Signature

Tim Downing, CPA | Downing & Co.
Managing Principal

Proactive & Holistic
Tax Planning Services

Action Plan Icon
Customized Action Plan
We’ll take you through our proprietary client interview process to review your unique situation in detail and come up with a customized action plan that ensures your money is working for you and your family now and in the future.
Minimal Tax Liability
Minimal Tax Liability
Our tax planning solutions ensure your tax liability is as low as possible so you don’t have to worry if you left money on the table. You’ll be able to keep more of your hard earned money.
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Long Term Strategy
Our relationship goes beyond taxes. We have 70+ professionals as part of our holistic family office services to help you manage your wealth long term and create a legacy.

Your World-Class Honolulu
CPA Firm

24 hours

Response Within 24 Hours

10x

3-10x ROI

Guarantee Icon

No Surprises Guarantee

Innovative Icon

Proactive CPAs

Holistic Icon

Holistic Strategy

Friendly Advisors

Friendly Advisors

Secure Client Portal

Secure Client Portal

4 Reasons to Work With Our Honolulu Tax Accountants

1

Results Icon

Results-Focused

Your results are our success; that’s why it’s our number one priority. We design our work to generate at least a 3x ROI, and in most cases, we hit 10x. You can count on us to work hard for you and your money.

2

Innovative

Proactive Advisors

Most accountants wait for you to come to them when you need something. Instead, we will proactively guide you to ensure your net worth is protected today and in the future for your family.

3

Holistic

Work Holistically

Our comprehensive range of services ensures you get convenient access to all the experts you need, including tax planning, risk mitigation, wealth management, legal services, and business advisory.

4

Care

CPAs Who Care

We’ve replaced stale formalities and technical jargon with down-to-earth, conversational relations. Our clients become friends. Many of our friends (clients) work with us for decades and become family. Our close friendly relationship is what we love most about our work.

Your Comprehensive
Tax Planning Services

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Tax Accountant for Businesses

✓  Minimize Tax Liability

✓  Tax Preparation and Filing

✓  State and Federal Payroll Tax

✓  Financial Statements (P&L, Balance Sheets, etc.)

✓  Mergers and Acquisitions

✓  Entity Selection and Structure

✓  Financial Planning

✓  Audits, Reviews & Compilation

✓  Litigation Support

✓  Forensic Accounting

✓  International Taxation

Tax Planning Services

✓  Keep More of Your Money

✓  Take Every Tax Credit and Deduction You Deserve

✓  Set Up a Recordkeeping System

✓  Year Long Tax Planning Strategies to Reduce Taxes

✓  Paycheck Withholding Guidance

✓  Deferred Tax Liability Direction

✓  Pension Plans and Retirement Contributions

✓  Tax-Exempt Income Advice for Investments

✓  Exit & Capital Gains

✓  Retirement Planning

Estate and Trust Tax Services

✓  Estate planning and Trust Tax Guidance

✓  Ensure Your Future Financial Goals Are Met

✓  Allocated Assets

✓  Gift Tax Returns and Strategies

✓  Business Succession Planning

✓  Trust Income Tax Returns

✓  Estate Tax Returns

Vector

Tax Relief

✓  Audit Representation

✓  Non-Filed Tax Returns

✓  Back Taxes Owed

✓  Payroll Tax Problems

✓  IRS Representation

✓  IRS Liens

✓  IRS Levies

✓  IRS Payment Plan

✓  Offer in Compromise

✓  Innocent Spouse Relief

Meet Your Honolulu CPA Team

Tim Downing, CPA

Tim Downing, CPA

Managing Principal
Jeannie Ryall, EA

Jeannie Ryall, EA

Tax Manager
Dachelle Hattan

Dachelle Hattan

Tax Accountant
Bob Coleman

Bob Coleman

Team Strategist
Lee Schwartz

Lee Schwartz

Advanced Planning Team Lead
Shirley McArthur

Shirley McArthur

Office Manager
Angie Tosa

Angie Tosa

Administrative Assistant

Switching CPA Firms is Easier Than You Think

Switching from your current Honolulu tax accountant seems like a major pain in the butt…
But in reality, all it requires is a brief email with your current accountant/bookkeeper:
“It’s time for a new direction. Please send my books over to Downing & Company, LLC. Thank you for your services.”
Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.

Book a Free
Consultation

We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, or estate planning needs quickly and conveniently.

We'll Integrate with Your Accounting Software

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our accounting and bookkeeping services.
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Yes, We Offer Small Business Accounting in Honolulu, Hawaii

East Honolulu, HI
Pearl City, HI
Hilo, HI
Kailua, HI
Waipahu, HI
Kaneohe, HI
Mililani Town, HI
Kahului, HI
Ewa Gentry, HI
Kihei, HI
Makakilo, HI
Wahiawa, HI
Schofield Barracks, HI
Wailuku, HI
Kapolei, HI
Ewa Beach, HI
Royal Kunia, HI
Halawa, HI
Waimalu, HI
Nanakuli, HI
Hawaiian Paradise Park, HI
Waianae, HI
Lahaina, HI
Waimea, HI
Waipio, HI
Kalaoa, HI
Kapaa, HI
Aiea, HI
Ahuimanu, HI
Waikoloa Village, HI

Honolulu
Hawaii
Maui
Kauai
Kalawao

Honolulu Small Business Accountants is near Duke Paoa Kahanamoku Statue which is close to Ewa Villages, Haleiwa, and Waimanalo. Pearl Harbor National Memorial, Battleship Missouri Memorial, and Iolani Palace are also nearby.

FAQs

Is an accountant worth it for a small business in Honolulu, Hawaii?
An accountant is invaluable for a small business in Honolulu, aiding in complex tax navigation, financial planning, and ensuring compliance with laws, ultimately saving time and reducing risk.
What type of accountant is best for small business?
A Certified Public Accountant (CPA) is ideal for small businesses due to their extensive knowledge in tax and financial strategy, essential for growth and compliance.
Can I do the accounting for my small business?
You can manage basic accounting tasks if you have financial literacy and the right tools, but professional help becomes crucial as financial matters grow in complexity.
At what point should a business get an accountant in Honolulu?
Hiring an accountant in Honolulu becomes necessary when financial tasks become too complex, during significant growth phases, or when specialized financial advice is required to optimize operations and tax strategies.
What is the difference between a bookkeeper and an accountant?
A bookkeeper handles day-to-day financial record-keeping and transaction tracking. An accountant provides more comprehensive services like analysis, financial reporting, tax planning, and strategic advice.

1 Fun And 1 Interesting Fact About Honolulu!

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Honolulu is home to the only royal palace in the United States, Iolani Palace, which was the official residence of Hawaii’s monarchy. The city also boasts Diamond Head, an extinct volcanic tuff cone on the south coast of the island. This landmark is a popular hiking destination offering breathtaking views of the Pacific Ocean and Honolulu’s skyline, making it a must-visit for tourists and locals alike.

Honolulu Small Business Accounting Resources

Hawaii Society of Certified Public Accountants

https://www.orcpa.org/

1000 Bishop Street, Suite 802
Honolulu, HI
96806

(808) 537-9475

Hawaii Association Of Public Accountants

https://www.oatc-oregon.org/

P.O. Box 61043
Honolulu HI
96839

 

Hawaii Department of Accounting and General Service

https://www.portland.gov/

Kalanimoku Building, 1151 Punchbowl Street
Honolulu, HI
96813

(808) 586-0400

What is the Hawaii Society of Certified Public Accountants
The Hawaii Society of Certified Public Accountants (HSCPA) is a professional organization that represents CPAs in Hawaii. It focuses on enhancing the professionalism and skills of its members through continuing education, advocacy, and networking opportunities. The HSCPA offers resources such as seminars, conferences, and publications to keep members informed about the latest developments in accounting standards and practices. Additionally, it plays a key role in advocating for the accounting profession at both state and national levels. The society also emphasizes ethical practices and compliance with professional standards to uphold the integrity of the CPA designation in Hawaii.
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What is the Hawaii Board of Public Accountancy?
The Hawaii Board of Public Accountancy, part of the Department of Commerce and Consumer Affairs (DCCA), regulates the accounting profession in Hawaii. It ensures that Certified Public Accountants (CPAs) and public accounting firms meet stringent standards of education, examination, and ethical conduct. The Board licenses CPAs, monitors continuing professional education, and enforces compliance with state regulations and standards. Additionally, it investigates complaints and disciplines those who violate professional or ethical norms. Through these functions, the Board safeguards public interests by promoting high standards in accounting practices across Hawaii.

Honolulu, Hawaii Local Resources

Chamber of Commerce Hawaii

121 SW Salmon St., Suite 1440
Portland, OR
97204

(808) 545-4300

Hawaii Department of Budget and Finance

Department of Budget and Finance P. O. Box 150 Honolulu, HI
96810

(808) 586-1518

Honolulu IRS Taxpayer Assistance Center

Prince Kuhio Federal Building, 300 Ala Moana BlvdHonolulu, HI
96850

(844) 545-5640

Honolulu Police Department

801 South Beretania Street Honolulu, HI
96813

 

(808) 529-3111

Honolulu City Council

530 S King St
Honolulu, HI
96813

Top Companies in Honolulu, Hawaii

Hawaiian Electric Industries
https://nike.com/

1001 Bishop St
Honolulu, HI
96813

(808) 543-7771

Bank of Hawaii
http://columbia.com/

130 Merchant St
Honolulu, HI
96813

(808) 694-8500

First Hawaiian Bank
https://northamerica.daimlertruck.com

999 Bishop St
Honolulu, HI
96813

(808) 525-6340

Hawaii Medical Service Association (HMSA)
https://www.gbrx.com/

818 Keeaumoku St Honolulu, HI
96814

(808) 948-6111

Alexander & Baldwin
https://www.umpquabank.com/

822 Bishop St
Honolulu, HI
96813

(808) 525-6611

Matson Inc.
https://www.vestas.com/en

1411 Sand Island Pkwy Honolulu, HI
96819

(800) 462-8766

More About Small Business Accounting in Honolulu, Hawaii

Nestled along the picturesque shores of Oahu, Honolulu stands as the vibrant capital of Hawaii, boasting a population of approximately 350,000 residents within the city limits and over one million in the metropolitan area. With its tropical climate, stunning beaches, and rich cultural heritage, Honolulu attracts people from all walks of life. The city’s demographics reflect its diverse and multicultural makeup, with a blend of Asian, Pacific Islander, Caucasian, and other ethnic groups contributing to its dynamic atmosphere. With a median age of around 35 years old, Honolulu’s population comprises a mix of families, young professionals, and retirees, drawn to its unique blend of urban amenities and natural beauty.

Residents of Honolulu enjoy a laid-back island lifestyle combined with the conveniences of a bustling city. From exploring historic sites like Pearl Harbor and Iolani Palace to soaking up the sun on world-famous beaches like Waikiki, there’s no shortage of activities to enjoy in this tropical paradise. The city’s thriving culinary scene, vibrant arts community, and strong sense of aloha spirit foster a welcoming and inclusive atmosphere. Whether surfing in the morning, hiking in the lush mountain trails in the afternoon, or attending cultural festivals and events, residents of Honolulu embrace a lifestyle that celebrates the beauty and diversity of the Hawaiian Islands.

In Honolulu, small business accounting plays a vital role in supporting the diverse array of enterprises that contribute to the city’s dynamic economy. With a thriving tourism industry, along with sectors such as agriculture, technology, and retail, there’s a growing demand for specialized accounting services tailored to the unique needs of small businesses. Local accounting firms and professionals provide essential support, assisting entrepreneurs in managing their finances, navigating tax laws, and planning for future growth.

Organizations such as the Hawaii Small Business Development Center offer valuable resources and workshops to help entrepreneurs establish and maintain sound financial practices. From bookkeeping and payroll services to tax preparation and financial consulting, small business owners in Honolulu have access to a range of expertise to help them succeed in a competitive market. As Honolulu continues to evolve as a hub of innovation and entrepreneurship in the Pacific, small business accounting remains a cornerstone of the city’s economic landscape, empowering businesses to thrive and contribute to the vibrant tapestry of island life.

Downing & Co works with businesses and high-networth individuals to minimize their taxes and grow their bottom line, while building and preserving their legacy. Offering tax planning, accounting services, estate planning, and wealth management services in the greater Honolulu area, we work holistically and proactively for you. Our clients love our quick response time, fixed fees, friendly advisors, and our creative, results-focused approach.

Your Next Steps

Book a Free Consult
Start your journey through our proprietary client interview process.
Read the Case Study
See how we helped a couple save $160,000 in taxes after a big whoopsie!