Maximize Your Tax Savings with the 199A Deduction If you used H&R Block or TurboTax for tax preparation and have a pass-through entity (S-corp, Partnership, Schedule C, Schedule E, Trust), you might be missing out on a valuable 20% Qualified Business Income tax deduction. These platforms often fail to include the necessary forms (8995 or 8995-A), leading to significant overpayments. Ensure you're getting the deductions you deserve. Contact Verity CPAs today at [email protected] or 808.546.5026 to review your return and make amendments if needed. Don't let an oversight cost you thousands. #TaxAdvice #Accounting #VerityCPAs #BusinessDeductions
About us
We were formed based on the premise that only seasoned accounting and tax professionals could properly bring the experience and knowledge that companies and organizations need to complete projects in a timely, efficient manner. Therefore, each project is led by a CPA with a minimum of five years' experience, which enables us to leverage our skills, knowledge, and experience to satisfy the accounting and tax needs of our clients.
- Website
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http://www.veritycpas.com/
External link for Verity CPAs
- Industry
- Accounting
- Company size
- 11-50 employees
- Headquarters
- Honolulu, Hawaii
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Audit, Review, Compilations, Attest, Tax, Accounting, Internal Audit, Business Consulting, and CFO Services
Locations
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Primary
Get directions
1164 Bishop Street
Suite 1001
Honolulu, Hawaii 96813, US
Employees at Verity CPAs
Updates
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Celebrating the spirit of freedom and aloha! Verity CPAs will be closed in observance of Independence Day. Enjoy a safe and happy 4th of July! 🌺🇺🇸#IndependenceDay #Aloha #VerityCPAs
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🔍 Tax Fraud Exposed: Trust Scheme Scandal 🔍 A tax preparer recently faced legal action for a trust scheme that resulted in over $60M in sheltered income and a $17M loss to the government. By advising clients to misuse trusts for personal expenses, the preparer now faces up to 6 years in prison. Key Takeaway: Personal expenses are NEVER tax-deductible. Ensure your tax strategies are compliant and legitimate. Trust the experts at Verity CPAs for sound advice and reliable tax services. 📞 Contact us at 808.546.5026 or 📧 [email protected]. #TaxCompliance #TaxAdvice #VerityCPAs #FinancialIntegrity
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Exciting News! We are delighted to share that Dustin T. Verity; MBA, CPA, CGMA, Managing Partner at Verity CPAs, has been recognized on the prestigious 2024 Forbes Top 200 CPAs list! This accolade is a testament to our unwavering commitment to excellence, integrity, and outstanding client service. At Verity CPAs, we strive to provide the highest level of financial expertise to help our clients succeed. Trust your financial success with a firm that stands among the best in the industry. For more information, contact us at [email protected] or 808.546.5026. #VerityCPAs #ForbesTop200 #Accounting #ClientService #FinancialExcellence
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Congress Passes Bill to Simplify IRS Error Explanations The “IRS Math and Taxpayer Help Act of 2024” is set to transform how the IRS communicates errors on tax returns. By requiring clear and specific explanations, this bill aims to reduce taxpayer confusion and enhance compliance. At Verity CPAs, we welcome this change. Clearer IRS communications mean less stress for our clients and a smoother tax process overall. If you need assistance navigating these changes or any tax-related issues, contact us at [email protected] or 808.546.5026. #TaxReform #IRSUpdates #TaxCompliance #VerityCPAs
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Understanding the Civil Fraud Penalty The civil fraud penalty imposes an additional 75% on underpaid taxes due to fraud, often applied for underreporting income or assets rather than overstating deductions. This can lead to paying more in penalties and interest than the tax itself. Ensure all income and assets are accurately reported to avoid these hefty penalties. For expert advice and compliance assistance, contact Verity CPAs at [email protected] or 808.546.5026. We’re here to help you navigate the complexities of tax regulations. #TaxFraud #CivilPenalty #Accounting #VerityCPAs
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The IRS and Your Public Statements: A Cautionary Tale The IRS can and will use your public posts against you. One billionaire’s Facebook posts cost him millions in back taxes. Always be mindful of what you share publicly. For professional tax guidance, contact Verity CPAs at [email protected] or 808.546.5026.
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Thrilled to be recognized as one of the Best Places to Work 2024! 🌟 Thank you! #BestPlacesToWork #VerityCPAs #2024 #HBbestplaces
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Protect Yourself from Tax Credit Scams with Verity CPAs Recently, ads for a "Real Estate Broker Tax Credit" and Sick and Family Leave credits have been circulating, targeting taxpayers with false claims. These credits were valid for 2020-2021 COVID relief, but unscrupulous promoters are encouraging everyone to amend their returns to claim them. The IRS warns that submitting fictitious claims can result in a $5,000 penalty and potential criminal prosecution. Ensure your tax claims are accurate and legitimate. For expert guidance on navigating tax credits, contact Verity CPAs at [email protected] or call 808.546.5026. #TaxScams #IRSWarning #VerityCPAs #TaxAdvice #FinancialSecurity
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