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Aprio Cloud Blog

Bruce A. Phillips, CPA

Bruce A. Phillips, CPA
Bruce Phillips is the Partner in Charge of Aprio Cloud, an early adopter of cloud technology for accounting and other businesses. More recently he has been featured by Xero, Expensify, Gusto, Receipt Bank, Jirav, Veem, Bill.com, and Hubdoc, all of whom he has close relationships with.
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Recent Posts

Aprio launches COVID-19 Website Hub

By Bruce A. Phillips, CPA • March 24, 2020 at 4:05 PM • COVID-19 Updates

Business Resources for
COVID-19

Our colleagues at Aprio have created a site dedicated to helping businesses navigate the #Coronavirus impacts. From cash flow ideas to tax implications to successfully implementing a remote workforce, the information here is invaluable. 

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Treasury & IRS Issue Guidance on Tax Payment Deferment to July 15

By Bruce A. Phillips, CPA • March 19, 2020 at 3:29 PM • Tax and Compliance, COVID-19 Updates

Information regarding federal tax day changes

UPDATE 3/20/2020

Today, Treasury Secretary Steven Mnuchin has said (via twitter) that President Trump has directed him to move Tax Day from April 15th to July 15th.

His follow-up tweet encouraged taxpayers, if eligible for refunds, to go ahead and file early to get their money. 

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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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5 Reasons Outsourced Accounting Is Better Than Bookkeeping

By Bruce A. Phillips, CPA • March 6, 2018 at 1:08 PM • Outsourced Accounting

If you’re like many entrepreneurs, you thought you’d be able to handle every facet of your new business. You’d create the product, hire the staff, manage your advertising campaigns, make your own mini muffin platters for those early morning meetings, and, let’s not forget, handle the finances, too.

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Doing Business in the US: What You Need to Know About Immigration

By Bruce A. Phillips, CPA • February 6, 2018 at 12:47 PM • Doing Business in the United States

If you’re thinking of expanding your business to the United States, there are immigration requirements you need to consider. Here, I’ll break down what you need to know about immigration including visas, green cards and if you need a tax ID number.

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5 Things to Pay Attention to if you are an International Founder and want to bring your business to the US

By Bruce A. Phillips, CPA • August 24, 2017 at 12:06 PM • Doing Business in the United States


Having seen and helped many international companies 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 A. Phillips, CPA • August 21, 2017 at 4:04 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

If you are establishing a business, or expanding to the US, you need to know the paperwork required to complete the formation of your business entity.  Learn more about US requirements below.  And reach out to Aprio Cloud if you'd like help from the experts in setting up your business correctly right from the start.

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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When to Hire an Online Accountant vs. Online Bookkeeper

By Bruce A. Phillips, CPA • April 26, 2016 at 1:00 PM • Outsourced Accounting

Starting and growing a business takes a lot of patience and persistence. It also takes an incredible amount of focus, which is why many startups decide to hand over their financials to a professional who will make sure all of the numbers add up. It might not seem like it due to the upfront costs, but outsourced accounting can also save you money in the long run.

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How Cloud Accounting Technology Is Helping Small Business Go Global

Just 10 years ago, doing business abroad was a huge undertaking for a small business owner. Now, the digital revolution has made the whole world accessible. In just about every industry, there’s been an increasing worldwide reliance on cross-border trading. Even the smallest service or product can now expand on a global scale.

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