Ohana Tax & Financial Services

08/13/2023

To help kākoʻo (support) Maui ohanas affected by the devastating wildfires, we are donating to Maui Strong Fund and urge you to help, too!

The Hawaiʻi Community Foundation has activated the Maui Strong Fund to provide flexible resources to support Maui residents.

Funding will address evolving needs, including shelter, food, financial assistance, and other services as they are identified by on-the-ground partners doing critical work on Maui. HCF will not collect a fee for donations to the Maui Strong Fund; 100 percent of the funds will be distributed for community needs.

You can make a donation to the Maui Strong Fund by visiting
www.hawaiicommunityfoundation.org/maui-strong

For questions related to giving, please contact HCF Donor Services at (808) 566-5560 [email protected]

04/18/2023

If you haven't filed your tax return or need to file an extension, you have until April 18 (tomorrow) to file unless you are in an area that has been extended.

Areas that have been extended include most of California and parts of Alabama, Georgia, Mississippi, and New York. Throughout the 2023 tax season, we've been updating you on changes that affect your tax filing deadlines.

We want to do our best to help you stay informed. If you need help with your tax filings, extensions, or tax planning, book an appointment at www.ohana.tax/appt

03/28/2023

Tax Season Update: The IRS has extended the filing deadlines for and residents in designated counties.

New York Residents will have until May 15, 2023, to file (see pic 1 for counties).
Mississippi Residents will have until July 31, 2023, to file (see pic 2 for counties).

We hope those affected by the severe storms and tornados are safe. 🙏

03/16/2023

Our clients are the best! We love these cute Stitch wood drawings a client gifted us. They were handmade. ✏️🔨

Look for them the next time you visit our office. Thanks Don & Angela. 👏🏼🤙🏼

03/05/2023

This tax season we've seen a lot of updates come from the IRS and now the Franchise Tax Board (FTB).

On March 2 FTB announced they will extended the filing deadline until October. Following the IRS.

See the notice:

FTB extends filing deadline for taxpayers impacted by 2022-23 winter storms to Oct. 16, 2023

02/25/2023

📣 The Tax Filing has been extended again!

The IRS has postponed the filing deadline for most of California and parts of Alabama and Georgia that were declared federal disaster areas.

📆 The new filing deadline is October 16, 2023.

Individuals and businesses whose returns are normally due on March 15, April 18, and May 18, will also have until October 16, 2023 to file their returns. The extended due date also applies to IRA and HSA contributions and fourth quarter estimated tax payments for the 2022 tax year. 

Follow us for more updates!

02/11/2023

Aloha! Quick update!

Good news! If you received the Middle Class Tax Refund or other state tax rebate, the IRS has determined that they can be excluded from income.

See the full details here: https://www.irs.gov/newsroom/irs-issues-guidance-on-state-tax-payments-to-help-taxpayers

Have a great weekend!

IR-2023-23, Feb. 10, 2023 — The IRS provided details today clarifying the federal tax status involving special payments made by 21 states in 2022.

02/08/2023

⚠️ READ THIS before you file your tax return ⚠️

No clickbait. The IRS announced last week it will make a decision regarding "special tax refunds and payments made by states in 2022" This includes payments for the Middle-Class Tax Refund (California), Act 115 Refund (Hawaii), Delaware Relief Rebate Program, and others.

So what does that mean for taxpayers?

Until the IRS clarifies the taxability of these state payments, waiting to file your tax return might be your best option.

Already filed your return?

You don't need to amend until the IRS gives more guidance on the issue later this week (2/11).

02/07/2023

Are you Team Do it Yourself or Team Done for You?

We get it. Doing payroll yourself makes you want to say $&%! sometimes! Let's get real for a minute. We understand you've got a business to run and take on many different roles, but Payroll Manager doesn't have to be one of them.

Join our Ohana, and let us take the stress out of doing payroll. We have your back. Book a discovery call today: www.ohana.tax/appt

02/04/2023

We get this question a lot! 🙌
No matter what state you live in, we can help.

Book a free consultation today! www.ohana.tax/appt

01/28/2023

We've had rough seasons many, many times. Don't forget to show your tax professional some love this .

Here are 5 things you can do to show your tax professionals some love this season:

1. Book Early: Schedule your appointment as early as you can. Don't wait until April 1st or Tax Day. 🙏

2. Get Organized: Fill out your organizer (if you have one). Be sure you have all your documents, if possible, before dropping them off or before your scheduled appointment. We can get your return done faster if we have everything we need ahead of time.

3. Be Responsive: We want to do our best for you and love it when you get respond promptly to requests or questions that we may have.

4. Leave a Positive Review: It's a great way to show your tax pro some love and lets other people know how great you think they are.

5. Say Thanks & Refer: Sending a thank you card, a referral, or both are great ways to show your appreciation for your tax pro and lets them know you value their service.

Follow us for more posts like this. Tag a friend who needs a tax expert, we love referrals!

01/23/2023

The IRS has officially opened e-filing!

Taxpayers who've submitted their returns should start receiving acknowledgments from the IRS today and expect refunds within 21 days.

If you've filed your return, have a dependent, and received the Earned Income Tax Credit or Additional Child Tax Credit, you can expect your refund by February 28. No sooner.

Got questions? Please feel free to DM or call us. We're happy to help.