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HPC Blog

Bruce Phillips

Bruce Phillips
Bruce Phillips is Founder & CEO of HPC.
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Recent Posts

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

 

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

By Bruce Phillips • October 11, 2016 at 2:51 PM • Sales Tax, Tax, 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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TSheets and Xero - Automate Billing, Payroll, and More

 

We have welcomed TSheets into the HPC firm process and as another great solution for our clients. Their new Xero integration presents new opportunities for many professional service firms and any business that needs to track time, bill time to customers, and pay their people for time worked.

At HPC, we spotlight one of our Xero EcoSystem partners on our site each quarter. For a variety of reasons, we have chosen TSheets as this quarter’s focus.

Time tracked billing solutions that sync with Xero have been around for a while, but TSheets has great additional features that set it apart. Additionally, there are new compliance factors given FLSA requirements that will impact a majority of employers by the end of this year. Below are more insights on the key features, how HPC is using TSheets, and a little more information on why time tracking, even for salaried employees, may actually be a requirement in upcoming months.

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Where is the Accounting Industry Headed? A Xerocon Insider's Edition

By Bruce Phillips • September 19, 2016 at 10:30 AM • Xero, Doing Business in the United States

Attending the Xerocon in San Francisco and Brisbane really gave me a first hand hand look into the future of the accounting industry and how the cloud really fits into that future. There was great forward thinking perspective shared at these conferences and now I want to share my observations with you.

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Webinar Video: "Expanding to the United States and Collaborating with Foreign Advisors" for Global Businesses

By Bruce Phillips • September 13, 2016 at 12:45 PM • Doing Business in the United States

Businesses want to do expand to the US and internationally for multiple reasons, but will find out early on that it is fairly complicated. They will need advice and resources, and their local advisor isn't going to have all the answers, but what they can have is a resource.

For some helpful tips, check out this recent webinar on primary reasons clients are expanding to the US, some things they'll need to consider in doing so, and benefits of working with foreign advisors.

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