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HPC Blog

Bruce Phillips

Bruce Phillips
Bruce Phillips is Founder & CEO of HPC, an early adopter of cloud technology for accounting and other businesses. More recently he has been featured by Xero, Expensify, Gusto, Receipt Bank, and Hubdoc for successfully implementing this technology to firms in numerous industries.
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Recent Posts

Meet Our New Director of Strategic Partnerships

By Bruce Phillips • April 17, 2018 at 11:00 AM • Meet HPC

We have years of experience in the cloud accounting industry, and have a complete solution for tax and compliance, best practices for technology and efficiencies, and outsourced accounting and growth advisory. The value in working with us is not solely our team approach, but also rests with the years of strategic partnerships we have built.

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How to Hire a Virtual CFO

By Bruce Phillips • March 6, 2018 at 10:14 AM • Virtual CFO

The Internet has been a game changer in the way we live and do business. Not only do we have access to a world of information, myriad ecommerce choices, and endless funny cat videos, we also have access to a variety of online resources that can help us achieve our business goals.

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5 Reasons Outsourced Accounting Is Better Than Bookkeeping

By Bruce Phillips • March 6, 2018 at 10:08 AM • Outsourced Accounting

If you’re like many entrepreneurs, you thought you’d be able to handle every facet of your new business. You’d create the product, hire the staff, manage your advertising campaigns, make your own mini muffin platters for those early morning meetings, and, let’s not forget, handle the finances, too.

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Doing Business in the United States: What You Need to Know About Immigration

By Bruce Phillips • February 6, 2018 at 9:47 AM • Doing Business in the United States

If you’re thinking of expanding your business to the United States, there are immigration requirements you need to consider. Here, I’ll break down what you need to know about immigration including visas, green cards and if you need a tax ID number.

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5 Things to Pay Attention to if you are an International Founder and want to bring your business to the US

By Bruce Phillips • August 24, 2017 at 9:06 AM • Doing Business in the United States


Having seen and helped dozens of Founders come to the US, there are certain things that seem to keep coming up as a struggle.  The challenge is a result of the fact that doing business in the US is COMPLICATED. Seemingly much more so than Australia, NZ, EU, UK, Singapore, or Hong Kong.  

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5 Benefits of Incorporating in Delaware

By Bruce Phillips • August 21, 2017 at 1:04 PM • Doing Business in the United States

 

With more than half of all publicly traded companies incorporating in Delaware, you may be wondering why more and more businesses are choosing Delaware over any other state in the U.S. Besides the legal protection and convenience advantages in Delaware, here are five primary reasons why so many businesses incorporate in Delaware.

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Entity Formation Documents

 

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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"1099 Filing Requirement Discussion" Webinar Recording

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

 

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 and Compliance

 

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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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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