Doing business in Hawaii affords great opportunities for global companies, with success best achieved through foresight, planning and precise execution from the start. Our network and resources can provide a solid foundation for launching a new venture on any of the major islands: Oahu, Maui, Hawaii Island, Kauai, Molokai, Lanai.
N&K brings local, on the ground service with a global perspective.
Q: Does N&K have foreign-speaking personnel?
A: Yes, we have team members fluent in Japanese, Mandarin, Cantonese, Korean, Tagalog and Ilocano.
International Business Advisory Services
- Business Formation and Registration Services
Provide guidance on choosing a type of business entity (sole proprietorship, partnership, foreign corporation, domestic corporation, or limited liability company) and assist in registering the business with Federal and State tax agencies.
- Structuring Purchase of Real Estate Interests
Assess alternative structures for purchasing real estate interests.
- Structuring Disposition of Real Estate Interests
Provide tax projection and advice on the disposition of real estate interests including guidance on the withholding and reporting requirements under the “Foreign Investment in Real Property Tax Act” (FIRPTA) and “Hawaii Real Property Tax Act” (HARPTA).
- Expatriate Tax Services
Provide tax planning and compliance services to U.S. citizens living abroad.
- Inpatriate Tax Services
Provide tax planning and compliance services to foreign employees working in the U.S. and their companies.
- Accounting & Financial Statement Preparation Services
Manage daily accounting needs including check-writing, maintenance of accounting records, bank reconciliation and financial statement preparation services.
- Hawaii General Excise Tax & Transient Accommodations Tax Filings
Provide tax advice and preparation services on interim and annual Hawaii GET and TAT filings.
- Payroll Services
Compute payroll and payroll taxes, maintain payroll records, handle the electronic payment of payroll taxes and file the required Federal and State payroll tax returns.
- Withholding Tax Returns on Payments to Foreign Persons
Provide tax projection and advice on withholding requirements of U.S. payments to foreign persons such as for interest and dividends, handle the electronic payment of withholding taxes and file the required Federal tax returns (Forms 1042 and 1042-S).
- Income Tax Returns & Related Foreign Forms
Provide tax projection, advice, compliance and preparation services for U.S. entities and individuals, foreign entities and individuals, and prepare the necessary U.S. international tax forms (e.g., Forms 1118, 3520. 5471, 5472, 8865, 8858).
- Gift and Estate Tax Returns
Provide tax projection, advice, compliance and preparation services for nonresident alien gift and estate tax filings.
- Foreign Bank Account Reporting (FBAR) & Financial Account Reporting
Provide compliance and preparation services for FBAR and financial account reporting which may carry significant noncompliance penalties beginning at $10,000.
Assist with foreign translation of business and tax documents to and from English for certain languages including Japanese, Mandarin, Cantonese and Korean.