Tax Services

Tax laws are complicated, we are not.

Managing the complexities of taxes requires experience and the ability to adapt to changing tax laws. At HKG, we work with you to prepare all forms in compliance with federal, state and local tax laws.

However, we think it is equally important to apply creative solutions to help minimize your taxes and increase your wealth opportunities. While other firms perform tax planning on a transactional basis, we offer planning opportunities to our clients by evaluating their situation. With a team of HKG tax professionals as your advisors, you benefit from our thorough knowledge of changing tax laws combined with a sound understanding of your business strategy.

Federal Tax Planning and Compliance

Managing the complexities of federal taxes requires experience and the ability to adapt to ever-changing tax laws. At HKG, we work with our clients to prepare all forms in compliance with federal tax laws. However, we think it is equally important to apply creative programs to help minimize your taxes and increase your wealth opportunities. While other firms perform tax planning on a transactional basis, we offer planning opportunities to our clients through constantly evaluating their situation. Additionally, we assist with choice of entity decisions, the structuring of transactions, private letter rulings and IRS representation. Our tax services include:

• Corporate, individual and partnership tax strategies.
• Estate, fiduciary and gift taxes.
• Estate administration assistance.
• Real estate transaction planning, including section 1031 tax-free exchange.

State and Local Taxes

We can help you with state and local tax (SALT) compliance in every state of the union, whether it is franchise, business or sales and use taxes. We have a dedicated team of multistate tax experts to help companies and individuals who do business or work in more than one state.

International Tax

At some point you may face the decision of whether to expand your business globally. There are few business moves that are as complex as "going international," and our experts are ready to help.

Whether you're an American firm planning to operate overseas, or an international firm seeking to expand to the United States, we have an international model that works for you. Our understanding of different cultures enables us to communicate the information you need more effectively, whether you're doing business at home or abroad. And when we say we speak the language of international business, we mean it. At HKG, in addition to English, we have fluency in Cantonese, French, German, Korean, Mandarin, Spanish and Vietnamese.

HKG is affiliated with INPACT international, a global association of 160 independent accounting and business advisors in 60 countries. This affiliation provides us with the capabilities of an international firm, while allowing us to offer personal service on which we pride ourselves.

Our international tax services include:

• Tax planning and compliance in the U.S. and overseas for individuals and companies.
• Corporate organization and restructuring for U.S. operation.
• Expatriate tax consulting and compliance.
• Choice of entity considerations for business establishment in the U.S. and overseas.
• Foreign tax provisions and optimizing foreign tax credit positions.
• Transfer pricing policies and documentation.
• Export tax incentives.
• Strategies for tax-efficient repatriation of foreign earnings.
• International estate and trust planning.
• International income tax accounting and foreign exchange issues.
• Foreign tax treaty analysis.

Tax Exempt Entities

We know that not-for-profits (NFP) are facing increased federal and state tax compliance complexities that require specialized knowledge of tax laws and accounting standards. We have a dedicated NFP Services team with years of experience. Here are some of the ways we can help:

• Obtaining and maintaining tax-exempt status.
• Complying with federal and state requirements.
• Conducting unrelated business income analyses.
• Assisting with international tax issues and compliance

Private Clients

Our private client team serves the unique needs of successful artists or business leaders. We can help with accounting and tax needs.

Tax Controversy Services

We know that federal reviews of tax returns are increasing, so it is vital to properly plan for and manage IRS examinations in a proactive manner. We can help you with all aspects of an examination, from the initial response and representation to dispute resolution, penalty mitigation and filing of amended returns.