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HPC Blog

Finding Your Xero Accountant Advisor vs Xero Bookkeeper

By Matt Nyman • February 23, 2017 at 9:00 AM • Xero, Bookkeeping, Accounting

 

There is a huge difference between a Xero Accountant Advisor and a Xero Bookkeeping Advisor company. Most of the business owners I speak with don’t realize there is a difference, and/or understand what a Xero Advisor can do for them as a whole. So let’s break this down.

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"1099 Filing Requirement Discussion" Webinar Recording

By Bruce Phillips • January 24, 2017 at 2:30 PM • Tax

 

How are you preparing for your 1099 filing requirements?

If you run a company that frequently pay vendors for services, then you are most likely required to file 1099 tax forms. 

In this webinar, we discussed the upcoming 1099 deadline, how to file 1099s, and what to look for from a tax standpoint. 

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Upcoming Webinar: "1099 Filing Requirement Discussion"

By Bruce Phillips • January 16, 2017 at 2:04 PM • Tax

 

How are you preparing for the upcoming 1099 filing deadline at the end of January 2017?

If you run a company that frequently pay vendors for services, then you are most likely required to file 1099 tax forms. 

In this webinar, we will discuss the upcoming 1099 deadline, how to file 1099s, and what to look for from a tax standpoint. 

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HRAs Allow Small Companies To Reimburse Employees For Health Benefits

By Laura Ring • January 11, 2017 at 10:30 AM • Tax

Great news for smaller employers that want to help their employees purchase health insurance, but can’t afford a group plan.  On December 13, 2016, the “21st Century Cures Act” was signed into law.  The law, besides speeding up drug and innovative treatments, allows small employers to once again provide health insurance reimbursements to their employees by using a Health Reimbursement Arrangement (HRA) account.

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The Accounting Ecosystem & Integrated Workflow

By Alison Medhurst • December 16, 2016 at 10:00 AM • Professional Services Solutions

 

Does your company have an efficient workflow in place? If so, how are you managing it and what software are you using?

The Accounting Ecosystem 2016 published by AccountexUSA.com provides a great layout of most of the cloud software solutions available to assist you with workflow management.

If your company needs greater insight to your business processes and/or you have a warehouse full of paper files, an updated workflow may not only help with efficiency but can free up your employees’ time to focus on strategic activities.

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Much Anticipated FLSA Regulation Put On Hold

By Alison Medhurst • November 28, 2016 at 10:00 AM • Professional Services Solutions

 

On November 22, 2016, U.S. District Judge Amos Mazzant suspended the much anticipated FLSA Regulation set to raise the standard salary requirements of full time workers to $47,476 on December 1st. 

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New 2016 Due Dates & Extensions For Tax Returns

By Alison Medhurst • October 28, 2016 at 10:25 AM • Tax

 

Are you aware there are new due dates and extensions for 2016 tax returns to be filed in 2017?

Congress recently passed a bill called the “Surface Transportation and Veteran’s Health Care Choice Improvement Act of 2015” which includes tax provisions which affect the due dates on a few filings and required returns.

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Webinar Video: "U.S. Nexus & Sales Tax"

By Bruce Phillips • October 25, 2016 at 9:36 AM • Doing Business in the United States

Knowing when to collect sales tax and how much to collect is a big problem for many business owners in the United States, particularly online sellers, businesses that operate in multiple states and foreign business owners new to the U.S.

In this webinar, we will discuss when to collect sales tax, U.S. Nexus, how much sales tax to collect, and how to stay compliant. 

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Scaling Service Based Companies with Nexus, Multi-State Compliance, and Automation

By Matt Nyman • October 21, 2016 at 10:00 AM • Sales Tax, Professional Services Solutions

Professional service companies have the opportunity to leverage the best talent today and expand their presence and offerings all over the country and world. They can leverage cloud based tools to standardize the way their business works, and allow them to run their business from anywhere. However, what they often don't realize is that while they are expanding their opportunities, they are also expanding their footprint (aka Nexus) in regards to state, local, and in some cases global compliance. Hiring someone in a new state could mean multiple things, including registering as an employer in that new state to obtain proper ID numbers, and tracking revenue in that state for income tax allocation purposes.

Doing this the right way from the beginning makes life a lot easier than attempting to retroactively properly allocate revenue by state or trying to clear things up with the state or local payroll departments. There are also other benefits to tracking these details while trying to grow and scale your service based company.

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Is Your Firm Ready For The 2016 Overtime Fair Labor Standards Act Regulation?

By Alison Medhurst • October 12, 2016 at 10:00 AM • Integrated Solution, HR, Tips & Tricks

 

On May 18, 2016, the Department of Labor (DOL) announced the publication of the final rule updating the overtime regulations, which will raise the minimum salary threshold from $23,660 to $47,476. The implementation date for this new regulation is December 1, 2016 leaving employers with little time to prepare for this change.

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