Business Tax Services

Business tax services in an increasingly complex world

H&CO provides a full range of business tax services. Our client-centered business tax planning and corporate tax preparation services focus on understanding each client's business, which allows us to effectively plan the most appropriate compliance strategies for your company. We offer professional services for businesses in corporate tax planning and business tax compliance, as well as corporate tax audit representation. At H&CO, we understand that every business is different. That’s why we offer a variety of services to meet the unique needs of each of our clients. Whether you need help with business tax planning, business tax accounting, business tax compliance, or tax audit representation, we’re here to assist you.

Effective tax planning and tax preparation services for US Companies and International Businesses

Our knowledgeable Tax Advisors are ready to guide you...

Planning

Business tax planning services that best serve your tax situation now and in the future

 

Compliance

Business tax compliance services that keep up with the ever-changing global tax laws and regulations to guarantee you peace of mind

 

Representation

Professional business tax audit representation that prevents costly interest and penalty assessments

Who do we serve?

We serve business owners who want to ensure compliance with the latest tax laws and regulations. Our business tax services are for businesses of all sizes, from small businesses to multinational corporations. Currently, we are serving:

• US Companies
• International Businesses
• Foreign High-Net-Worth Individuals with U.S. Business Activities
• Foreign Businesses with US Operations
• US High Net Worth Individuals with Foreign Business Activities
• U.S. Business with Foreign Operations
• Real Estate Companies
• Investment Holding Companies
• Construction Businesses

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Why H&CO Business Tax Services?

H&CO has been preparing corporate tax returns and information returns for small businesses, middle market companies, large businesses and international businesses for over 30 years. We have a team of tax experts who are familiar with the latest tax laws and regulations, and who can help you comply with them. H&CO is not only an international tax leader, but a partner you can trust to take care of your business tax needs.

 

We're the complete tax service solution

Our Business Tax Services

H&CO offers a full range of business tax services, from tax planning to tax representation. We can help you with:

• Business Tax Planning
• Business Tax Accounting
• Business Tax Compliance
• US Federal Business Tax Returns
• US State Business Tax Returns
• Payroll Tax Returns
• Sales Tax Returns
• International Business Tax Compliance
• Global Information Reporting
• US Tax Reform Services
•Business Tax Representation

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Focus on running your business while
we take care of your business tax returns.

We help local and international businesses, real estate holding companies, contractors, family offices and other small and large businesses with their tax compliance issues.

Business
Tax Accounting

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Regardless of what kind of business you own or plan to start, our accounting professionals can help your accounting and bookkeeping needs.

 

Payroll
Tax Services

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Our tax payroll services make it easy for your business to handle your quarterly and year-end payroll filing. Let us handle your taxes - so you can focus on what you're good at.

 

Business
Tax Preparation

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Our tax professionals will ensure that your taxes are filed correctly and on time, and that you're taking advantage of all the deductions and credits available to you.

 

Providing high quality tax services for over 30 years

Business Tax Planning

Tax planning is essential for business success in these uncertain times. By planning, you can save yourself a lot of money and headaches. Globalization and technology are allowing businesses to operate beyond traditional local markets while creating global tax compliance nightmares. There are many complex regulations to consider, and overlooking any of them can cost you dearly.

We will work with you to create a business tax plan that minimizes business taxes you may owe, while improving your cash flow. This includes federal, state, and local taxes, as well as income taxes, sales, property, and payroll taxes. Each of these taxes has its own set of rules and regulations, so it's important to work with tax advisors who understand them all. Our corporate tax professionals work with tax departments, business owners, and tax attorneys to minimize our client's income taxes.

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Business Tax Accounting

H&CO has developed various software and solutions to meet the corporate accounting needs of local and global businesses. We help businesses integrate all their business functions from sales to accounting. By dealing with a single global technology and accounting provider, businesses can automate their business accounting processes and consolidate their financials in real-time.

Our software and accountants can help you track accounts receivable, inventory, fixed assets, accounts payable, and we can also give you a clear understanding of your financial position. We can help you with your monthly, quarterly, or annual accounting needs. As your business grows, we have the right enterprise resource planning (ERP) system for you, SAP.

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Business Tax Compliance

Our Business Tax Compliance professionals have the experience and expertise to help you with all aspects of business tax and accounting compliance. We will work with you to ensure that you comply with all local, state, federal, and international tax laws, and requirements. We have extensive experience preparing business tax returns such as Form 1120 - U.S. Corporation Income Tax Return, Form 1120S - U.S. Income Tax Return for an S Corporation, Form 1065 - U.S. Return of Partnership Income, Form 1120-F - U.S. Income Tax Return of a Foreign Corporation or any other required forms.

We understand that taxes can be complex and confusing, so we are here to help make the process as smooth and stress-free as possible. If you have any questions about our business tax compliance services or advisory services, please contact us today.

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International Business Tax Compliance

International business tax compliance is a process that companies use to meet their tax obligations in multiple jurisdictions. The compliance process requires the accurate and timely filing of global tax returns, payment of taxes, and disclosure of information to tax authorities. Businesses face many challenges when complying with corporate global tax laws. They must manage a complex web of regulations and requirements, often in multiple languages. They must also keep up with changing laws and regulations and adapt their compliance processes accordingly.

The cost of non-compliance can be significant. For the last 30 years, H&CO has been preparing international tax returns and information returns for private companies doing business in the United States and abroad. We provide services through a global network of tax professionals who can meet your international tax needs.

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Global Information Reporting

As businesses become more global in their operations, they are subject to an increasingly complex web of regulations. One area of compliance that has become more challenging in recent years is information reporting. Businesses must now report a variety of information to tax authorities around the world, including financial data, employee information, and details about their operations. Our tax professionals have been helping international businesses and their tax departments with their global information reporting requirements. H&CO can help you navigate the complex world of global information reporting.

We will work with you to ensure that you comply with all local, state, federal, and international reporting requirements. We will file the required forms and reports, such as Form 5471 - Information Return of U.S. Persons With Respect To Certain Foreign Corporations, Form 8865 - Return of U.S. Persons With Respect To Certain Foreign Partnerships, Form 926 - Return by a U.S. Transferor of Property To a Foreign Corporation, and Form 8992 - U.S. Shareholder Calculation of global Intangible Low-Taxed Income (GILTI).

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US Tax Reform Services

There has been significant tax law changes to the US tax code, including reducing corporate tax rates, changing how income is taxed for multinational companies, and eliminating many deductions and credits. Businesses must be aware of these tax changes and how they affect their businesses. The impact of these changes affects businesses of all sizes and in all industries. The tax risk of not knowing or ignoring tax law changes can be devastating for small and large businesses.

We help you understand these tax changes by giving you advice and showing you how new laws will affect your business. We also help you understand the effect of the changes on your business, analyze your options, set a new strategy, execute the strategy, and monitor your tax plan. We can help you with a range of tax reform services, including:

• Reviewing your business operations to determine the impact of tax law changes
• Identifying opportunities to maximize the benefits of the new law and minimize taxes
• Planning for future years in light of the changes

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Business Tax Representation

In today’s complex business environment, businesses face a host of tax risks and challenges. They must comply with a growing number of tax laws and regulations, often in multiple jurisdictions. They must also manage tax controversy risk arising from audits by revenue authorities. Our business tax representation services give you peace of mind. When you receive a letter from the government or when the government auditors show up at your business, we will be there to represent your business.

H&CO’s Corporate Tax Representation practice helps businesses navigate all tax controversies. Our audit services can help you take care of any potential issues that may arise with state or federal agencies. We will work on your behalf to fix any tax controversy as quickly as possible, with minimal stress to you.

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BUSINESS TAX QUESTIONS & ANSWERS

 

Do I need a Federal Tax Identification Number or (EIN) for my business?

A Federal Identification Number (EIN) or an Employer Identification Number (EIN) is used to identify a business entity. The EIN is a nine-digit number assigned by the IRS. You will need your business EIN to open a bank account, file your tax returns and do business in general. Yes, you need an EIN otherwise your business will not be able to operate.

You can apply for your EIN online by going to irs.gov. This is a free service offered by the IRS and you can get the number immediately if you have a social security number. For foreign individuals, it is not an easy process. For more information on this topic, see IRS Publication 1635, Understanding Your EIN.

Do I need a sales tax number for my business?

A sales tax number is needed if you are going to sell products or services that are subject to sales tax. In order to obtain a sales tax number, you will need to contact your state's Department of Revenue. The requirements for obtaining a sales tax number vary from state to state, so it is best to check with your state's Department of Revenue to find out what is required.

Once you have obtained your sales tax number, you will need to register your business with the Department of Revenue and file your sales taxes on a regular basis. For more information on this topic, see the Sales Tax Information on your State Department of Revenue website.

Free Consultation

In need of personalized consultation about international business taxes?

We have vast experience in implementing structures, based on investment to satisfy your necessities.

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