We can reduce your tax liability and provide tax refunds
HBS offers no cost validation of your current tax status
In a mature tax industry, dominated by the Big Four accounting firms, HBS has found a unique niche. Our professional staff is comprised of former state auditors and tax directors. Do not wait for a call from the state! We can help you be pro-active.
There is a 50% chance you are overpaying payroll taxes.
Who is holding these federal and state agencies accountable?
US Department of Labor statistics state that after a merger, acquisition or restructuring, overpayments in multiple areas of payroll taxes may occur. State Unemployment, State Disability and Social Security are the most prominent areas of overpayment.
Many payroll taxes paid up to a specific dollar limit often carry reserves. Statistics indicate up to 50% of the time information is not recorded properly. As a result, rates are incorrectly assigned to the new company. In so doing, the new corporation pays taxes even though they have already met their maximum tax limits. HBS offers a no cost validation of your current tax status.
How Can HBS Help You
We identify areas of exposure, provide defense against sales tax audit assessments and train your employees to ensure future savings. Join our list of satisfied clients that have reduced their tax liability and increased corporate profits.
Sales Tax
Many firms are overpaying their share of sales tax. We can show you how to reduce your sales tax liability and provide tax refunds.
In a mature tax industry, dominated by the Big Four accounting firms, HBS has found a unique niche. Our professional staff is comprised of former state auditors and tax directors. Do not wait for a call from the state! We can help you be pro-active.
Payroll Tax
Many payroll taxes paid up to a specific dollar limit often carry reserves. Statistics indicate up to 50% of the time information is not recorded properly. As a result, rates are incorrectly assigned to the new company. In so doing, the new corporation pays taxes even though they have already met their maximum tax limits. HBS offers a no cost validation of your current tax status. You might even qualify for a refund!
Unemployment Tax
This is the U.S. Government’s second highest employer-mandated tax. Are you paying the correct claim amount? In the State of New Jersey, 11% of employers are paying the incorrect amount. Is your company paying unnecessary claims? Is your company liable for all or only part of the unemployment claim? HBS has a team of professionals that can answer all these questions and validate that each claim is registered and paid the correct amount.
Property Tax
Minimizing your real and personal property tax is our only business. We are property tax experts. We created the “Proactive Property Tax Solution” to help you minimize real and personal property taxes by resolving issues early, quietly and favorably before they become problems.
ERTC
ERTC was created in the CARES Act along with the PPP Loans. There are no repayment or restrictions for use tax credit for business owners. Under the ERTC, a start-up business who began operations after February 15, 2020 can take a credit of up to $50,000 in both the third and fourth quarters of 2021 for a Maximum credit of $100,000.
“I have worked with HBS for over 10 years on communications, energy and unemployment taxes which resulted in substantial savings for our company over the years. I highly recommend them to other companies.”
Robert Poznek
CFO, Archway Programs