SEMBCO, INC.

SEMBCO, INC.SEMBCO, INC.SEMBCO, INC.

SEMBCO, INC.

SEMBCO, INC.SEMBCO, INC.SEMBCO, INC.
More

Providing Professional Accounting & Tax Preparation Services

Providing Professional Accounting & Tax Preparation ServicesProviding Professional Accounting & Tax Preparation ServicesProviding Professional Accounting & Tax Preparation Services

Helping keep your business in order!

Access iFirm Portal

(910) 230-5696

Providing Professional Accounting & Tax Preparation Services

Providing Professional Accounting & Tax Preparation ServicesProviding Professional Accounting & Tax Preparation ServicesProviding Professional Accounting & Tax Preparation Services

Helping keep your business in order!

Access iFirm Portal

(910) 230-5696

WE ARE LOCATED IN THE LIVE OAK CENTER at Silver Hill -

 Give us a call to schedule your appointment! 

PLEASE SEND ALL MAIL TO: 

           SEMBCO, INC.

           2011 ELK RD, SW UNIT 2

           SUPPLY, NC  28462


SUMMER IS HERE!

We're taking a much needed break and closing the office June 19th through July 6th!  Payroll will continue and we will be checking email and voice mail for any urgent matters that arise.  We'll be back in the office July 7th .  The office phone is not equipped for texting.

IMPORTANT INFORMATION

IMPORTANT DEADLINES

Individuals, Trusts, Estates and C-Corporation Return or extension

APRIL 15th

Forms 1040, 1041, and 1120.

ANNUAL REPORTS DUE TO SECRETARY OF STATE

Varies by State

Please check your state or contact our office for assistance.

The Federal Emergency Management Agency issued a disaster declaration for Alabama, Florida, GA NC, SC and parts of TN and VA.  This means the IRS has automatically granted disaster relief to businesses and individuals in these areas. You can check the IRS website or contact us for information on how this might benefit you.

Important Reminders for S Corporations

Payments to shareholder-employees for services rendered

You must determine a reasonable salary when a shareholder-employee of an S corporation provides services to the corporation.


Payments to a shareholder-employee for services provided to an S corporation are wages and are subject to employment taxes.


The IRS may re-characterize distributions paid to a shareholder as salary if the distribution was paid in lieu of reasonable compensation. (Revenue Ruling 74-44).


We will be happy to assist you in establishing a reasonable salary and in compliance with the reasonable compensation requirement.  


Stock and Debt Basis

All shareholders need to track their stock and debt basis in the corporation.  A shareholder is responsible for calculating their stock and debt basis in the corporation.  It is important for shareholders to know their stock and debt basis when the S corporation:


  • allocates a loss and/or deduction item to the shareholder

              - In order for a shareholder to claim this loss or deduction, they need to demonstrate that                          

                they have adequate stock and/or debt basis.

  • makes a non-dividend distribution to the shareholder.

              - In order for a shareholder to determine if the distribution is non-taxable, they need to

               demonstrate that they have adequate stock basis.

  • repays a reduced basis loan to the shareholder.

             - In order for a shareholder to determine if there is a gain on loan repayments,

               the shareholder must know their debt basis.

        OR

  • When the shareholder disposes of their S corporation stock.

              - A shareholder must know their stock basis in order to determine the gain or loss 

               upon disposition of their stock.


We can assist you in determining and tracking your stock and debt basis.

Payroll Services

 If you have a corporation, you need payroll services.  These services can be provided by a 3rd party, such as SEMBCO, Inc., or you can use any of the various apps or software options available.  We will gladly help you choose the best option for you and your corporation.

About Us

SEMBCO, INC.

PLATINUM LEVEL QUICKBOOKS PROADVISOR

PLATINUM LEVEL QUICKBOOKS PROADVISOR

Approved IRS E-File Provider 

Annual Filing Season Program Participant


Specializing in the needs of self-employed or small business clients. 


QuickBooks Proadvisor 

Certified in QuickBooks Online and

Desktop



PLATINUM LEVEL QUICKBOOKS PROADVISOR

PLATINUM LEVEL QUICKBOOKS PROADVISOR

PLATINUM LEVEL QUICKBOOKS PROADVISOR


Do you need assistance getting control of your bookkeeping?  Do you need assistance or training working with QuickBooks?  We can help you with that!  Gives us a call today to schedule an appointment!

How to Contact Us

Deborah Ballas, President, CEO

info@sembcoinc.com

sembco@gmail.com  



Main Phone:  910-230-5696 Ext. 1001

Fax:  910-502-6994

About Us

Accounting & Bookkeeping

Accounting & Bookkeeping

Accounting & Bookkeeping

We can replace your back office with accounting, payroll, and bookkeeping support. We also provide training and support to your back office staff.  We customize our service to your needs.

Your Taxes, Simplified

Accounting & Bookkeeping

Accounting & Bookkeeping

We’re dedicated to our clients. We are an approved IRS e-file provider and Annual Filing Season Program Participant.  We keep current on tax law with continuing education through IRS approved providers. Strategic planning is important to minimize your tax liability.

Your Business is Ours

Accounting & Bookkeeping

Your Business is Ours

We develop strategies for both business and individual clients. We are a small family business, established in 2007.  We strive to identify and fill the specific needs of each client. We serve clients across the US as well as abroad.  Our job is to take care of the paperwork so you can focus on generating revenue!  We are here to guide you throughout the year.

About Us

Access iFirm Portal

Access iFirm Portal

Access iFirm Portal

https://sembcoinc.cchifirm.us/2/login/

QuickBooks

Access iFirm Portal

Access iFirm Portal

Would you like to have QuickBooks Desktop functionality but the convenience of cloudbased software?  Would you like to have QuickBooks accessible from your smartphone? Contact us to discuss the options.

Payroll Services

Access iFirm Portal

Payroll Services

We offer payroll services including direct deposit.  We can also provide direct deposit options for your subcontractors.

Subscribe

Sign up to hear from us.

My Blog

Contact Us

Get in Touch

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SEMBCO, INC.

PHYSICAL ADDRESS: 2011 Elk Rd. SW Ste 2, North Carolina 28462, United States

Main Phone: (910) 230-5696 Ext. 1001

Hours

Monday - Friday: 10am - 6pm

Evenings: By appointment

Saturday: By appointment

Sunday:   By appointment

Downloads

Annual Report Filing Authorization (docx)

Download

BOI Brochure (pdf)

Download

BOI Frequently Asked Questions (pdf)

Download

BOI Reference Guide (pdf)

Download

Copyright © 2018 SEMBCO, INC. - All Rights Reserved.

Powered by