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	<title>Vista Professional Services, Inc. &#187; corporations</title>
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		<title>The Devil is in the Details</title>
		<link>http://www.vistaprofessionalservices.com/2010/08/the-devil-is-in-the-details/</link>
		<comments>http://www.vistaprofessionalservices.com/2010/08/the-devil-is-in-the-details/#comments</comments>
		<pubDate>Fri, 20 Aug 2010 00:13:14 +0000</pubDate>
		<dc:creator>Linda Silva</dc:creator>
				<category><![CDATA[Bookkeeping Tips & Tricks]]></category>
		<category><![CDATA[Small Business Finances]]></category>
		<category><![CDATA[Small Business Tips & Tricks]]></category>
		<category><![CDATA[Tax Articles]]></category>
		<category><![CDATA[business owner]]></category>
		<category><![CDATA[common mistakes]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[financial records]]></category>
		<category><![CDATA[financial reporting]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://www.vistaprofessionalservices.com/?p=308</guid>
		<description><![CDATA[Do you hate paperwork? Almost everyone does, but when it come to dealing with the Internal Revenue Service, you need to have all the proper paperwork and have all the i's dotted and the t's crossed.

When you operate as a corporation, the corporation is a separate legal entity from you, so you should have a corporate paper trail that clearly reflects intent and action. One area that can really be a minefield is accounting for monies paid to corporate officers, other than payroll.
Related posts:<ol>
<li><a href='http://www.vistaprofessionalservices.com/2011/11/receive-an-irs-wage-levy-for-an-employee/' rel='bookmark' title='Receive an IRS Wage Levy for an Employee?'>Receive an IRS Wage Levy for an Employee?</a> <small>It is important not to disregard a wage levy from...</small></li>
<li><a href='http://www.vistaprofessionalservices.com/2010/03/employee-or-independent-contractor/' rel='bookmark' title='Employee or Independent Contractor?'>Employee or Independent Contractor?</a> <small>More and more individuals are working as freelancers and independent...</small></li>
<li><a href='http://www.vistaprofessionalservices.com/2011/04/irs-will-stop-mailing-tax-forms-instructions/' rel='bookmark' title='Changes in 941 and W-2 Forms'>Changes in 941 and W-2 Forms</a> <small>To reflect changes in the employee rate for social security...</small></li>
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		<title>New 1099 Requirements  Coming</title>
		<link>http://www.vistaprofessionalservices.com/2010/02/170/</link>
		<comments>http://www.vistaprofessionalservices.com/2010/02/170/#comments</comments>
		<pubDate>Thu, 04 Feb 2010 21:12:37 +0000</pubDate>
		<dc:creator>Chuck Silva</dc:creator>
				<category><![CDATA[Small Business Finances]]></category>
		<category><![CDATA[Tax Articles]]></category>
		<category><![CDATA[1099s]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[independent contractors]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[withholding]]></category>

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		<description><![CDATA[To narrow the federal deficit, the IRS plans to add new 1099 reporting requirements, according to a report from the American Institute of Professional Bookkeepers.
Related posts:<ol>
<li><a href='http://www.vistaprofessionalservices.com/2011/04/president-expected-to-sign-bill-repealing-expanded-1099-requirements/' rel='bookmark' title='President Expected to Sign Bill Repealing Expanded 1099 Requirements'>President Expected to Sign Bill Repealing Expanded 1099 Requirements</a> <small>On April 5, the Senate approved H.R. 4 by a...</small></li>
<li><a href='http://www.vistaprofessionalservices.com/2012/01/form-1099-misc-or-1099k/' rel='bookmark' title='Form 1099-Misc or 1099K?'>Form 1099-Misc or 1099K?</a> <small>Be sure to review payments subject to be reported on...</small></li>
<li><a href='http://www.vistaprofessionalservices.com/2010/03/the-federal-hire-act-economic-stimulus-updates-and-healthcare-reform/' rel='bookmark' title='The Federal HIRE Act, Economic Stimulus Updates, and Healthcare Reform'>The Federal HIRE Act, Economic Stimulus Updates, and Healthcare Reform</a> <small>Recent federal legislation can mean tax savings for employers and...</small></li>
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