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ACT NOW: ENSURE YOUR BUSINESS IS COMPLIANT WITH NEW HAWAI‘I TAX RULES!

Thanks to Governor Green and the Hawai‘i State Legislature, Hawai‘i’s largest income tax cut in history is now in effect, bringing more take-home pay for employees statewide. Employers must take immediate action to comply with updated state withholding requirements to ensure employees receive the correct tax adjustments.

It’s a unique situation—and timely, as all employers should have adjusted their employees’ tax withholdings beginning January 1, 2025. Employees do not need to take action—employers are responsible for implementing these changes.

Join us for an exclusive Lunch & Learn featuring Seth Colby from the Hawai‘i Department of Taxation (DoTax) and Abel Soares III, CPA & CFP®, to ensure your business is prepared and compliant.

🙋‍♂️ WHO IS THIS FOR?

✅ Business Owners & Employers – Ensure compliance with the new tax withholding requirements.
✅ HR & Payroll Professionals – Learn how to accurately adjust employee tax withholdings.
✅ Finance & Accounting Teams – Gain expert insights to optimize payroll and avoid penalties.
✅ Small & Medium-Sized Business Leaders – Get clarity on how these tax changes impact your business.

📈 WHAT YOU’LL GAIN

✅ Expert Guidance from DoTax – Get clarity on the new tax withholding tables and employer responsibilities
✅ Financial & Business Strategies – Insights from Abel Soares III, CPA & CFP®, on managing payroll and financial planning
✅ Compliance Made Simple – Learn step-by-step actions to avoid penalties and maximize benefits
✅ Networking & Support – Connect with fellow business leaders and gain access to valuable resources

🎤 ABOUT THE SPEAKERS

📌 Seth Colby – Tax Research & Planning Officer, Hawai‘i Department of Taxation, and UH Economics Instructor
📌 Abel Soares III, CPA, CFP® – Founder of Hui Malama Advisors LLC, specializing in financial planning and business strategy for local businesses

See entire bio below.

📍 EVENT DETAILS

📆 Date: March 4, 2025
🕛 Time: 11:00 AM – 1:30 PM
📍 Location: AC Hotel, 1111 Bishop St, Honolulu, HI 96813

✅ Enjoy Lunch While You Learn – Enjoy a complimentary lunch during this informative session.
✅ Free Valet Parking – Convenient, hassle-free parking is included with your registration.

💲 PRICING

✅ Free for NHCC Members
💲 $15 for Non-Members

⏳ REGISTER TODAY! LIMITED SEATING – ONLY 25 SPOTS AVAILABLE!

Don’t wait—reserve your spot now to stay ahead of these tax changes and protect your business!

FULL SPEAKER BIOS

Seth Colby

Seth Colby is the Tax Research & Planning Officer for the Hawai‘i Department of Taxation, where he manages the Tax Research & Planning (TRP) office. His team produces revenue forecasts, revenue impact estimates of proposed legislation, public policy analysis, and statistical reports. He also teaches Economics at the University of Hawai‘i’s Shidler College of Business.

Before joining DoTax, Seth focused on economic and social development in Latin America, the Caribbean, and Africa, working with the Inter-American Development Bank, the World Bank, and Johns Hopkins University. He is fluent in Portuguese and Spanish and holds a PhD in Political Economy from Johns Hopkins University.

Abel Soares III

Abel Soares III is a Certified Public Accountant (CPA) and holds Certified Financial Planner (CFP) and Personal Financial Specialist credentials. He is among the only 1% of CPAs nationwide who hold the CFP designation.

After working with regional and international CPA and consulting firms, Abel founded his own company, Hui Malama Advisors LLC, to help clients improve their financial well-being. Recognizing that mindset is a key factor in effective financial management, Abel partnered with his wife, Sadé, a licensed clinical psychologist, to offer both financial and life coaching.

As a Native Hawaiian, Abel is dedicated to building a legacy for his family, community, and clients and has supported and invested in several Native Hawaiian-owned and local small businesses. He is also a devoted husband and father of two young boys.