Hawaii stacks an 11% income tax with a General Excise Tax on gross receipts. Honolulu business owners face one of the heaviest combined burdens outside the mainland.
Highest top income tax rate behind CA at 11%. Very high SALT state. General Excise Tax (GET) functions like a gross receipts tax.
Hawaii GET (4% on Oahu, effectively 4.712% with county surcharge) applies to nearly all business activity including services. Functions as a tax on gross income, not just retail sales.
A Honolulu hotel operator doing $5.8M in revenue was paying full GET with no pass-through optimization and standard depreciation. After entity restructuring, cost segregation, and a defined benefit plan, annual savings totaled $132,000.
Reduce Hawaii General Excise Tax burden through proper exemptions, entity structuring, and pass-through optimization.
Learn more →Optimize your business structure across LLCs, S-Corps, and holding companies to minimize tax exposure and maximize protection.
Learn more →Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →Shelter $150,000 to $300,000+ per year through custom pension plans designed for high-income business owners.
Learn more →Deduct the full purchase price of qualifying equipment, vehicles, and assets in the year they are placed in service.
Learn more →We serve Honolulu business owners remotely with the same depth as a local firm. Our Tax Intelligence Framework starts with a comprehensive review of your financials, entity structure, and current tax position. We then build a custom strategy and implement it.
We work alongside your existing CPA, not replacing them. Learn more about our tax strategy service or read about how we work alongside your CPA.
Book a free review and we'll identify exactly how much you're overpaying and the strategies to fix it.
Tell us about your business and we'll identify every savings opportunity available to you.