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What’s Better Than Just a Honolulu Estate Planning Attorney?

CPAs Who Can Save You Up to 39.9% of Your Entire Net Worth

We marry our CPA firm in Honolulu with estate planning attorneys to ensure a simple transition for your family and a legacy of wealth.
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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Honolulu Estate Planning Services

Avoid Giving 40% of Your Net Worth to the Government

We get it…

It may not feel comfortable to talk about things that could go wrong in our lives. And since it’s “not important today,” it’s easy to push it off. But poor/no estate planning could cost your family up to 40% in taxes when your wealth transfers to them after you pass on.

Our CPA firm works with Honolulu estate planning attorneys to help you plan for:

  • Death
  • Divorce
  • Retirement
  • Partnership Dissolvement
  • Special Needs

That’s why we specialize in estate planning, wealth transfer advisory and tax planning, helping you and your family to retain the maximum amount of your net worth.

We’re the Perfect Estate Planning Financial Advisors
for You, If You…

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Need a Plan
If you don’t have an estate plan (or your plan is outdated), 40% of your money/assets will likely end up in the government’s hands.
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Want Peace of Mind
You want to know that your assets, business, and family will be taken care of if anything should happen to you.
Legacy
Aspire to Leave a Legacy
You want to preserve your assets and set things up for your heirs so everything you’ve worked for is sustained for generations.
«For a small investment today in estate planning services, we could save you up to 39.9% in tax liability when your assets transfer to your loved ones, ensuring an abundant future for your family and giving you peace of mind and a legacy-driven purpose today.»
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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 With a Passion for Estate Planning

Established in 1964 in Portland’s Hollywood district, this firm already offered extraordinary tax planning services. Since then, I have evolved our company beyond the typical Honolulu accounting firm 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.

Over the years, clients have passed away and I’ve seen the disaster it creates for those who don’t have a plan in place. I truly want better for you and your family.

I know what good estate planning looks like for a bereaved family. It takes unnecessary stress off their plate and leaves them in a very good situation for decades.

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, Oregon | Downing & Co. Managing Principal

Our 5 Phases of
Proactive Planning

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Proprietary Client Interview
Customized Proactive Action Plan
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Wide Access to Experts
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Implementation
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Regular
Check Ins

Meet Your Honolulu CPA Team

Tim Downing, CPA

Tim Downing, CPA, Oregon

Managing Principal
Jeannie Ryall, EA

Jeannie Ryall, EA

Tax Manager
Dachelle Hattan

Dachelle Hattan

Tax Accountant
Lee Schwartz

Lee Schwartz

Advanced Planning Team Lead
Shirley McArthur

Shirley McArthur

Office Manager

4 Reasons to Work With Our Honolulu Tax Accountants

1

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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 small business accounting 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.

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, estate, or wealth planning needs quickly and conveniently.

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

How do Hawaii’s estate tax laws impact estate planning?
Hawaii’s estate tax laws impact estate planning by imposing a state estate tax on estates exceeding the exemption threshold, which differs from federal limits. Effective planning, such as trusts and gifting strategies, can help minimize tax liabilities. Local estate planners ensure compliance and optimize wealth transfer for beneficiaries.
How can estate planning ensure smooth wealth transfer for Hawaii residents?
Estate planning ensures smooth wealth transfer for Hawaii residents by creating wills, trusts, and beneficiary designations to avoid probate delays and minimize taxes. It provides clear instructions for asset distribution, protects heirs, and ensures compliance with Hawaii’s estate laws, reducing legal disputes and preserving financial stability for future generations.
How can estate planning help avoid probate in Hawaii?
Estate planning helps avoid probate in Hawaii by using revocable living trusts, joint ownership, payable-on-death accounts, and beneficiary designations. These strategies allow assets to transfer directly to heirs without court involvement, reducing delays, legal costs, and complications while ensuring a smooth and efficient distribution of wealth.
How do Honolulu estate planners help with asset protection?
Honolulu estate planners help with asset protection by creating trusts, establishing business entities, and utilizing legal strategies to shield assets from creditors, lawsuits, and excessive taxation. They tailor plans to Hawaii’s laws, ensuring wealth is preserved for future generations while minimizing financial risks and potential legal challenges.

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

1000 Bishop Street
Suite 802
Honolulu, HI 96806

(808) 537-9475

Hawaii Association Of Public Accountants

 
P.O. Box 61043
Honolulu HI 96839

Hawaii Department of Accounting and General Service

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

Small Business Accountant
Honolulu

3612 Likini St
Honolulu, HI 96818

 
(808) 466-1313

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 Blvd
Honolulu, 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

1001 Bishop St
Honolulu, HI 96813

(808) 543-7771

Bank of Hawaii

130 Merchant St
Honolulu, HI 96813

(808) 694-8500

First Hawaiian Bank

999 Bishop St
Honolulu, HI 96813

(808) 525-6340

Hawaii Medical Service Association (HMSA)

818 Keeaumoku St
Honolulu, HI 96814

(808) 948-6111

Alexander & Baldwin

822 Bishop St
Honolulu, HI 96813

(808) 525-6611

Matson Inc.

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 Proactive & Holistic Small Business Accountant

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We’re Proud Members of

AICPA OSCPA OSCPA
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Available to US-based business owners through scheduled consultations and secure online collaboration. Services are subject to applicable state rules and engagement acceptance.