Is Your Corporation Staying Compliant?

Compliance Issues You May Not Know About...

corporate compliance Author: Keith Huggett

You may have noticed that I have been writing quite a bit about corporations and compliance lately. There is a reason for it. Many a corporation have fallen under the watchful eye of the IRS for not keeping compliant. You may be unaware of some issues that come under their purvue. So, here we are, letting you know about them.

As a corporation there are many things that you have to decide initially. Which business structure is the right one for you? Having made that choice, have you gathered all of the correct paperwork for your corporation together and formed your Corporate Book? Have you issued your stock? Have you set up your payroll? Did you set it up correctly so that payroll taxes do not become an issue for you later? Payroll is a very large issue that can haunt you in the future. It is wise to consult your tax professional about setting up a payroll service to handle this for you so that your payroll taxes are taken care of.

To answer all of these questions and more, our business specialists have put together an informational white paper, entitled "Staying Compliant in a Corporate World." It will answer questions about payroll, "reasonable compensation," business entities, and much more.

For questions regarding corporations or other business services, please contact The Tax Office, Inc. at (916) 773-7053(916) 773-7053.