<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1673774909537995&amp;ev=PageView&amp;noscript=1">

HPC Blog

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?

Read More

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:

Read More

How to Obtain Benefits for Your US Employees

Read More

Veem Enables HPC Accounting & Tax Clients' International Payments

HPC's partnership with Veem makes life easier for our global tax and accounting clients who send and receive money internationally. Veem allows for firms to send and receive payments to over sixty countries—and counting! Through multi-rail payment technology, Veem provides a convenience and a seamless global payment solution that eliminates the middleman. This equates to faster transfers, better tracking, and lower costs.

Read More

The Difference between an Independent Contractor and an Employee

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

 

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.

Read More

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.

Read More

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.

Read More

"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. 

Read More

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. 

Read More

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.

Read More