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HPC Blog

Entity Formation Documents

By Bruce Phillips • July 24, 2017 at 10:00 AM • Professional Services Solutions

 

There are various documents associated with entity formation, depending on the type of entity you are forming. We will address the three main types of entities: Corporation, Limited Liability Company, and Partnership, the differences between them, what formation documents are, and which document are associated with which type of entity.  

Source: Corpnet Article

 

 

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Introducing Daniel Massop, Implementation Project Manager and Krystal Pino, Data and Financial Analyst

By Alison Medhurst • July 19, 2017 at 10:00 AM • Meet HPC

 

We’re pleased to welcome Daniel and Krystal to the HPC team!

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Client Featured Case Study: Expanding E-Commerce Businesses By Scaling Back Office Systems and Focusing on What Matters Most

By Matt Nyman • June 19, 2017 at 8:00 AM • E-Commerce, Client Feature

 

“Hiring HPC over 4 years ago was one of the best decisions I’ve ever made, and has allowed me to grow my company. ” - Brennan Zelener, Owner of Newaya Recycling

 


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The Difference between an Independent Contractor and an Employee

By Tina Duncan • June 5, 2017 at 9:00 AM • IRS, Payroll, Tax

 

One of the most basic questions about the employment relationship is whether a worker is an employee or an independent contractor. As with so many employment law issues, the answer is, "It depends”.

Employee status triggers employer obligations under various federal and state laws that do not apply to independent contractors, and the responsibility for classifying a worker is the responsibility of the employer. When determining if a worker should be classified as an Employee or an Independent Contractor there are many variables. HPC can offer a wide variety of information to help clients make the right classification if necessary.

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Automation of Documentation

By Matt Nyman • May 22, 2017 at 10:25 AM • Professional Services Solutions

 

The best way to prevent future compliance risk is to have detailed documentation. However, there’s nothing worse than having to sort through paper or prohibiting productivity by constantly hounding your staff for receipts or time sheets. Adopting tools and standardized best practices can automate these pesky tasks, and can actually help promote efficiency in terms of invoicing customers faster, paying bills from your mobile phone, and paying and tracking your people.

Last month at our HPC retreat, we had four of our valued partners join us and share the latest best practices for automating documentation and back office tasks for the entire firm.

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The Basics of Sales Tax for eCommerce Sellers (TaxJar Jennifer Dunn Guest Post)

By Jennifer Dunn • May 1, 2017 at 10:50 AM • TaxJar, E-Commerce, Sales Tax, Tax

The Basics of Sales Tax for eCommerce Sellers

Collecting and filing sales tax are some of those administrative hassles that every product seller has to put up with. Fortunately, sales tax isn’t too difficult once you learn the basics. This blog post will walk you through what you need to know to successfully file your business’s sales tax returns!

It helps to understand that forty-five U.S. state and D.C. all have a sales tax requirements. When you sell taxable products, whether online or in a brick and mortar store, you’re required to collect sales tax on the items you sell. That is, if you have sales tax nexus in that state.

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HPC Client Featured Case Study: ‘Global Tech Companies Need A Global Hi-Tech Hi-Touch Growth Solution’

 

 How Did This Self Funded Aussie Tech Startup Find It’s Way Into The U.S.?

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HPC Welcomes Our Payroll and HR Specialist

By Matt Nyman • March 28, 2017 at 9:30 AM • Payroll, Professional Services Solutions

 

Here at HPC we continuously invest in technology and people so that our customers receive  the best in class service and support to focus on what matters. One of the biggest growth challenges small business owners face is payroll, HR, and other state and local compliance issues. We are happy to announce we have brought on an experienced in-house Payroll and HR Specialist to help our clients pro-actively plan for and overcome these challenges!

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Avoiding Tax Surprises With HPC, Xero, and PayPal

By Matt Nyman • March 8, 2017 at 9:01 AM • Xero, Tax, Professional Services Solutions

At HPC, tax compliance is not a year end to-do. Instead, we leverage tools like Xero, PayPal, and many others to keep our client reports accurate, timely, and meaningful. Together, these help our clients run their business and aid us in providing pro-active tax advice with seamless filing.


With all the right tools, best practices, and ongoing support, our clients know in advance what their bottom line looks like and how they’re doing on a daily/weekly basis. Our in-house tax team has everything they need to provide answers and advice throughout the year, not after year end when it’s too late. Below is how we do this, as well as a video and link to a case study PayPal put together featuring Xero and our CEO.

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IRS Receipt Requirements

By Laura Ring • March 7, 2017 at 10:00 AM • Xero, Tax, Professional Services Solutions

 

In order to deduct certain expenses when filing your taxes each year, you will need to keep written records such as receipts, timely-kept records, and statements of the purpose for those expenses. Filing receipts and reasons for purchases can be time-consuming for a business owner!

Luckily, there are a few documentary exceptions that the IRS allows for certain conditions and some tools you can use to keep track of all your receipts.

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