Interim statements are financial reports produced by firms covering a period of less than one year. The goal is to keep shareholders and analysts more up-to-date and in regular communication with corporate management, and to alert the public to material changes to the company in a timely fashion.
Trust a team that gets it done.

In addition to the federal government, 43 states and many local municipalities require their residents to pay a personal income tax. SFM has deep industry expertise in financial services. Independent insights & firsthand experience. Proven solutions & expert consultants.
Trust a team that gets it done.

CORPORATE, LLC & PARTNERSHIP RETURNS (1120, 1120 & 1065)

For all things: Business tax returns are either done on the IRS Form 1065 (for Partnerships and LLC), IRS Form 1120S (for S Corporations and LLC-S), or Form 1120 (for C Corporations), 1065 and 1120S are business tax returns are for Partnerships and LLCs. We have your back on how to navigate the documents and paths to stay secure and up to date.

Choosing type: "s" corporation, sole proprietor, limited liability, etc.
Evaluating the pros and cons of each entity type to help determine the most advantageous form of business for your company

The national landscape of today’s Sales and Use / Operational Tax environment is rapidly changing. Jurisdictions are leveraging transaction tax increases to patch revenue gaps in their current budgets through policy changes and an increase in audit activities. SFM helps with compliance, audits and recommendations for better services.

The Online PA-100 may be used to register a new business entity, add additional taxes or services, or to register a new business entity that is acquiring all or part of an existing business entity.
Taxes included online: Employer Withholding Tax, Promoter License, Public Transportation Assistance Taxes and Fees, Sales, Use, & Hotel Occupancy Tax, Tobacco Products License, Transient Vendor Certificate, Unemployment Compensation, Use Tax, Vehicle Rental Tax, Workers' Compensation Coverage &  Wholesaler Certificate.

A Commercial Activity License is required for all businesses operating in Philadelphia. This includes businesses that are located outside the city limits but do some or all of their business activity in the City. We'll show you how to get one and maintain it legally.

Annual reports inform all interested parties about the financial success
(or failure) of a public entity, private corporation, non-profit organization,
or other business formation.
An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses.
It includes their financial performance and activities over the prior fiscal year.

There are 27 types of organizations that can file for 501(c) status according to the IRS. The most common of all exempt entities is the 501(3) grouping "Public Charities and Private Foundations." To fall into this category, your company must serve an exempt purpose and have a mission that serves the public good, this includes: religious, educational, health, scientific, foundation, and other charitable types of operations.

Almost all charitable nonprofits that are recognized as tax-exempt by the IRS are required to file an annual report with the IRS, known as the “Form 990.”
The IRS Form 990 is a public document that is available on GuideStar,
and also from the charitable nonprofit, upon request, in accordance with IRS “public disclosure” regulations.
Most states require nonprofit corporations to file one or more reports or registrations every year. In general there are four different kinds of filing requirements: Corporate filings; financial reports; fundraising registrations, and state tax-exemption filings.

A general ledger represents the record-keeping system for a company's financial data with debit and credit account records validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company. We teach you how to review, manage and create entries that can be assessed and prepared later.

A P&L is arguably the most important financial sheet your small business has. It shows the company's net income over a period of time, which can be monthly, quarterly, or yearly. It's up to you, as the business owner, to determine how often you want to create a P&L.

Procurement is the act of obtaining goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale. SFM understands this process and is here to help you think through how to implement a smart process for your business.

A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.

PREPARING INTERIM /
ANNUAL FINANCIAL STATEMENTS

Interim statements are financial reports produced by firms covering a period of less than one year. The goal is to keep shareholders and analysts more up-to-date and in regular communication with corporate management, and to alert the public to material changes to the company in a timely fashion.
Trust a team that gets it done.

Life insurance can provide security for those who matter most while protecting and shaping your financial future. Life insurance guarantees the payment of a sum of money upon the death of the insured. With a life insurance policy, your assets are dispersed in a manner that you decide, ensuring that the people you leave behind are cared for after your passing.

Financial planning is the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals. As a result, financial planning often delves into multiple areas of finance, including investing, taxes, savings, retirement, your estate, insurance and more.