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HPC Blog

Opening a Bank Account in the United States

 

If you are a business owner in a country like Australia, New Zealand, United Kingdom, or Hong Kong and are looking to expand to the United States (U.S.), you may be wondering how you will be able to open a U.S. business bank account to run your U.S. operations. Banks in the U.S. have very strict policies and require certain forms of documentation when an entity that has foreign ownership opens a bank account. 

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How to Prepare for the New Sales Tax and Nexus Requirements

How does the June 21, 2018 Supreme Court ruling of Wayfair v South Dakota impact sales tax nexus for e-commerce business owners?

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Justworks: Preferred PEO Partner

By Matt Nyman • July 9, 2018 at 11:00 AM • Payroll / HR, Doing Business in the United States

HPC is proud to partner with an emerging leader like Justworks to help our clients take the busyness out of running and growing a business. Justworks is a professional employer organization (PEO) that seamlessly combines payroll, benefits, HR, and compliance in one simple platform.

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Do you need a receipt for all deductions?

By Timothy Cofrin • July 6, 2018 at 8:34 AM • Tax and Compliance

In addition to proof of payment, the IRS generally requires that you keep documentary evidence, such as receipts, canceled checks, or bills, to support your expenses. That's a lot of paper! Fortunately, there are some exceptions.

For travel, entertainment, gifts, or transportation expenses, the IRS guidelines state that documentary evidence is not needed if either of the following conditions apply:

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Expanding E-Commerce Businesses By Scaling Back Office Systems and Focusing on What Matters Most

By Matt Nyman • June 16, 2018 at 9:13 AM • Professional Services Solutions

 

Featuring

 

 

 

Brennan info and HeadShot

 

Our E-Commerce Client

 

Newaya LLC is an online company that pays money for used cell phones. Their mission is to become the best platform for distributing used cell phones in the US with a focus on wholesale distribution and awesome web software.

 

The company started over 6 years ago doing just tens of thousands of dollars in gross revenue, and now is doing well over $1,000,000 per year. Like many expanding e-commerce based businesses, focusing on new channels, marketing opportunities, and accompanying operation and growth complexities were where the owner, Brennan, knew he should be spending his time. That is when he found HPC.

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3 Reasons to Open a Bank Account in the US

By Matt Nyman • June 7, 2018 at 10:00 AM • Doing Business in the United States
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How to Obtain Benefits for Your US Employees

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HPC at Xerocon Atlanta 2018

By Bruce Phillips • June 4, 2018 at 9:10 AM •

Xerocon isn't in your average accounting conference. But, then again, HPC isn't your average accounting firm. Both HPC's Management and Implementation teams will be attending the conference this year to ensure we are at the forefront of the industry's best practices. It's also a great opportunity to reconnect with our partners and to search for new apps and partners who can streamline both our clients' current and future needs.

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Meet Our New SaaS Accountant

By Matt Nyman • May 1, 2018 at 12:00 PM • Meet HPC

At HPC, we have been striving towards verticalizing our staff with the idea that a dedicated resource who works with the same types of clients who have similar challenges and use cases can be more effective at helping those type of clients grow.

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Meet the Latest Additions to Our Tax Team

By Bruce Phillips • April 24, 2018 at 9:00 AM • Meet HPC

Providing tax advice and answers to staff and client questions throughout the year is an instrumental part of the value we provide. This is why we are always looking for our next tech savvy tax expert and enthusiast to support our growing customers and team.

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