The Folsom Firm

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The Folsom Firm Hey yall! I'm Ellen Folsom, CPA and owner of The Folsom Firm LLC. I specialize in accounting and tax. Conversation is free!

If you're looking for someone to help with your business books or file those dreaded taxes, feel free to reach out.

09/29/2026

Reminder 📢

Florida employers: Minimum wage update!

Effective September 30, 2026, Florida’s minimum wage increases to $15.00 per hour. For eligible tipped employees, the minimum wage will be $11.98 per hour, plus tips.

Make sure you review and update your payroll rates before payday! 💲

08/18/2026

Are you a small business owner who is constantly getting emails telling you that you're late filing your BOI report or warning you to file before you face penalties?

I've got some good news.

It's official — the BOI reporting requirement has been permanently eliminated for U.S. businesses.

On August 11, 2026, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued its final rule permanently removing Beneficial Ownership Information (BOI) reporting requirements for U.S. companies and U.S. persons.

The final rule became effective August 14, 2026. (It was in place but temporary as of May 2025)

So, if you're still receiving those official-looking emails telling you your U.S. business is late filing its BOI report or offering to file it for you for a fee — don't panic and don't pay someone to file a report you are no longer required to file.

📌 Source: U.S. Department of the Treasury / FinCEN

Side note: just because the letter or email LOOKS official, don't fall for it! Always read the small print. They look like they're from state or local government but are just solicitations.

Don't forget, it's Florida's 2026 back-to-school sales tax holiday! Through August 20th no local sales tax will be colle...
08/03/2026

Don't forget, it's Florida's 2026 back-to-school sales tax holiday!
Through August 20th no local sales tax will be collected on clothing, footwear, and certain accessories priced at $100 or less per item; certain school supplies priced at $50 or less per item; learning aids and jigsaw puzzles priced at $30 or less per item; and personal computers and certain computer-related accessories priced at $1,500 or less, when purchased for noncommercial home or personal use. School starts soon, take advantage of these savings while you can!

04/21/2026

As this tax season ends, I just want to take a moment to say thank you. Your trust, support, and referrals mean more than you know, and I’m truly grateful for the opportunity to serve you.

If you haven’t filed yet, it’s not too late—there are still options, and I’m here to help you get back on track without the stress.

And as always, if you or someone you know needs help with bookkeeping, tax planning, or staying organized throughout the year, don’t hesitate to reach out. My goal is to make your financial life easier year-round, not just during tax season.

Thank you again for being a part of this journey. Looking forward to continuing to support you!

03/14/2026

📅 Tax Season Deadlines Are Coming Up!

Here’s a quick reminder of the two big filing deadlines:

March 16
✔️ S-Corporation returns (Form 1120-S)
✔️ Partnership returns (Form 1065)
✔️ Extensions for S-Corps & Partnerships

April 15
✔️ Individual tax returns (Form 1040)
✔️ C-Corporation returns (Form 1120)
✔️ Trust & Estate returns (Form 1041)
✔️ 1st Quarter Estimated Tax Payments
✔️ Individual & C-Corp extensions

Extensions: Filing by the original deadline allows a six-month extension to file, but not to pay taxes owed.

If you still need to file, or request an extension, now is the time! I'm here to help you stay on track this tax season.

02/19/2026

✨️Dreaming of refunds and organized books this season 💸

If your receipts are in a shoebox…

If QuickBooks hasn’t been opened since last spring…

If you’re “waiting on one more form” 😬

It’s time to call The Folsom Firm.

We handle the numbers — you keep building the dream. 💼📈





01/21/2026

Not sure what's needed to file your taxes? Here's a checklist for documents commonly used 📝:

🧾 Personal & Identification

Photo ID for you (and spouse if filing jointly)

Social Security cards/numbers for all taxpayers & dependents

Last year’s federal tax return (if available)

💰 Income Documents

W-2s

1099-NEC / 1099 MISC

1099-INT / 1099-DIV

1099-R

SSA-1099

1099-G

Any other income statements (rental, royalties, etc.)

📈 Business or Self-Employment (if applicable)

Income records / 1099s

Expense receipts (mileage, phone, home office, supplies)

Mileage log (if claiming vehicle use deduction)

📉 Other Deductions & Credits:

Tip income documentation

Overtime pay documentation

Mortgage interest (Form 1098) & property taxes

Childcare provider info & costs

Child Tax Credit documentation

Education expenses (Form 1098-T / 1098-E)

Charitable contributions documentation

Health insurance forms (1095-A if Marketplace)

🏦 Banking & Direct Deposit

Bank routing & account numbers for refund or payment

🧠 Helpful Extras

List of any estimated tax payments made

Any IRS notices received during the year

Address

2540 Melvin Road
Cottondale, FL
32431

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm

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