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HPC Blog

The Difference between an Independent Contractor and an Employee

By Tina Duncan • June 5, 2017 at 9:00 AM • Payroll / HR, Tax and Compliance


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

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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Avoiding Tax Surprises With HPC, Xero, and PayPal

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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"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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HRAs Allow Small Companies To Reimburse Employees For Health Benefits

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

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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New 2016 Due Dates & Extensions For Tax Returns

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


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

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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FBAR Filing Requirements and Upcoming Changes

By Laura Ring • July 11, 2016 at 3:00 PM • Tax and Compliance

Foreign filing requirements, and in particular, the FBAR, is one of the most important tax filings to have filed on time and correctly in the U.S. 

The filing penalties for the FBAR start at a nominal fee of $10,000 for late filings, and it is a lot different when $10,000 accrues interest vs what a smaller income or local delinquent filing might add up to. There is a rigorous abatement process that in our experience has allowed us to relieve many individuals of these steep penalties. However, that process costs money and time to work through too with a risk of still having to pay the tax liability. This being said, the best way to avoid penalties is to file these returns on time and correctly the first time. Here are some details to help you determine if and when you need to file the FBAR.

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