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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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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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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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Finding Your Xero Accountant Advisor vs Xero Bookkeeper

 

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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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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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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