Let’s Build a Stronger Financial Future Together.
Contact us to schedule a consultation and discover how our customized solutions can transform your business. Let’s achieve your goals, one financial milestone at a time.
With a focus on personalized solutions, our services are designed to simplify your financial journey, enhance decision-making, and empower you to achieve your goals.
Creating both short-term and long-term plans to reduce tax liability through smart structuring, deductions, and credits—without compromising compliance.
A business owner planning to sell a company in five years looks for ways to minimize capital gains taxes. Useful for owners aiming to safeguard profits and reinvest in future growth.
Selecting the best legal form for your business—such as a corporation, partnership, or limited liability company—so you can minimize taxes, protect assets, and set a solid foundation for growth.
A tech start-up deciding between an LLC, Corporation, or S-corp to reduce personal liability and optimize taxes. Ideal for founders and entrepreneurs looking to organize their new business efficiently or restructure an existing one.
Estimating your future tax responsibilities based on growth projections, expenses, and changing regulations—so you can plan ahead, avoid surprises, and keep your cash flow stable.
A retailer expanding into new locations wants to budget for additional income, franchise, and sales taxes. This service is valuable for any business owner aiming to maintain predictable finances and avoid sudden or unforeseen tax bills.
Expert guidance on navigating different tax rules across various states and municipalities, ensuring you don’t overpay or miss key obligations when operating beyond your home base.
A company selling products or operating in multiple states needs help keeping track of varying tax rates and their reporting requirements. Ideal for businesses with multi-state or local operations looking for streamlined compliance and potential cost savings.
Identifying and claiming eligible credits, like research and development (R&D) credits or job creation incentives, to reduce your overall tax bill.
A software company developing a new app might qualify for R&D tax credits, lowering their taxable income. Helpful for companies in innovative industries or those making significant investments in new products or processes.
Transitioning your accounting method (e.g., from cash-based to accrual) to improve financial reporting, align with tax requirements, or better reflect business performance.
A construction company looking for a way to defer tax on work in process is able to change its method revenue recognition from percentage of completion to completed contract. Suited for growing businesses outgrowing simpler methods or aligning with new legal thresholds.
Capital gain deferment allows you to delay paying taxes on profits earned from selling assets, such as real estate or stocks. By reinvesting these gains in certain approved investments or special accounts, you can keep more money working for you now.
If you sell your rental property and reinvest the proceeds into a qualified “Opportunity Zone,” you can postpone immediate taxes. Ideal for investors or business owners looking to manage cash flow and optimize long-term tax obligations.
This service helps you maximize tax deductions when you donate cash, assets, or property to qualified charities. You support causes you care about while potentially reducing your overall tax bill.
A business owner donates a portion of their company’s profits to a local non-profit. Both individuals who regularly give to charitable organizations and businesses wanting to integrate philanthropy into their strategy can benefit from these deductions.
Sell-side tax planning focuses on minimizing taxes when you’re selling a business or major asset. By structuring the deal effectively, you may reduce capital gains, preserve more of your proceeds, and ensure a smoother transaction process.
An entrepreneur selling their tech start-up can use advanced strategies to lower taxes on the sale. Business owners anticipating a major exit or looking to retire from their company gain the most from this planning.
Buy-side tax planning helps individuals or businesses optimize their tax situation when purchasing a company or significant asset. This includes conducting thorough due diligence and structuring the deal to capture any available tax benefits.
A small manufacturing firm looking to acquire a competitor might negotiate the purchase terms to claim certain tax write-offs or incentives. Investors and expanding business owners who want to manage acquisition costs and tax liabilities will find this service especially valuable.
Handling all necessary paperwork, filings, and deadlines to keep you in good standing with both federal and state tax authorities—so you avoid penalties and interest.
A family-owned restaurant that needs to file quarterly, monthly, or annual filings for federal and state reporting. Perfect for any enterprise seeking peace of mind and timely, accurate compliance.
Calculating the estimated tax expense, deferred tax assets and liabilities, and liabilities for inclusion in financial statements—giving stakeholders a clear and accurate picture of their effective tax rate and variance components of their tax positions.
A mid-size to large company preparing financial statements for potential investors. Recommended for businesses preparing to raise capital or those subject to external audits.
Evaluating cash flow, short-term assets, and liabilities to keep day-to-day operations running smoothly and ensure you always have enough funds on hand, which is essential when aligning the right strategy with each strategy’s capital requirements.
An e-commerce shop with fluctuating seasonal sales that wants to manage inventory and pay bills on time. Ideal for companies seeking to avoid cash crunches or improve operational efficiency.
Beyond taxes and accounting, this service provides insight into improving processes, boosting profitability, and guiding strategic decisions for sustainable growth.
A healthcare practice needing advice on budgeting, staffing, and operational efficiencies. Beneficial for business owners who want holistic support on day-to-day management and future planning.
Our commitment to excellence, transparency, and innovation ensures that you receive the highest level of service, no matter the size or scope of your needs. From day-to-day management to long-term planning, Honeycutt Financial Solutions LLC is your trusted partner for financial success.
Every client faces unique opportunities to save. Our expert tax strategy and planning services go beyond standard compliance; identifying hidden savings, reducing liabilities, and optimizing your structure to protect and grow your wealth year after year.
With HFS, you gain more than a tax preparer, you gain a strategic tax advisory partner. Our deep expertise helps you uncover hidden opportunities, reduce liabilities, and position both you and your business to maximize every advantage the tax code allows.
At HFS, our clients' success is our success. We grow by helping you grow, because the results we deliver and the trust we earn are the true currency of our firm. Our clients' satisfaction drives everything we do, and their recommendations are the reason business owners continue to turn to HFS for strategic tax guidance.
Contact us to schedule a consultation and discover how our customized solutions can transform your business. Let’s achieve your goals, one financial milestone at a time.