NEWS & RESOURCES

November 30, 2018

Small business owners often use their personal vehicles for business purposes, but they don't always reimburse themselves from their own company for that mileage. Instead, they typically deduct that mileage on their personal return. With the changes made last year for tax reform, that deduction is now gone.... but all hope is not yet lost.

Businesses can still get a deduction for business mileage , and for S corp shareholders, getting a reimbursement from the business for mileage is the best way to still get that deduction since the business's taxable income flows through to the shareholder's personal return. If you are the only shareholder in your...

June 6, 2018

Although the majority of existing tax law remained intact, there were some significant changes made when the tax reform package was passed late in 2017. Most notable are the changes to individual tax returns. Below, we have compiled a summarized list of changes that you can expect to see when you file your individual tax return this year. **Spoiler Alert... the postcard-sized tax return was not included in the final changes.**

  • Tax Rate Modifications: The Act maintains seven tax brackets as in prior law while reducing the highest tax bracket from 39.6% to 37% for Single filers with taxable income over $500,000, but only $600,000 for Ma...

December 21, 2017

As the U.S. is in the midst of the holiday season and preparing for year-end, Congress has just passed a tax reform bill that is to take effect in 2018 (just 10 days away). Overall, about one-third of the proposed changes made by the House and Senate did not make it through the final Committee Agreement, and most changes are set to sunset after 2025. 

When looking at what passed and what didn't, the most notable changes will be to corporations. Below is a full summary of the final outcome, excluding proposed provisions that were not adopted in the final bill, and provisions affecting life insurance companies, property and casualty insurance companies, a...

December 15, 2017

Now is the perfect time to make a change for the upcoming year!

Contact us today to find out how you can get:

  • FREE payroll for the first month

  • FREE monthly, quarterly and annual payroll tax filings

  • FREE W-2's and 1099's

  • FREE direct deposit and online check stubs for employees

  • UNLIMITED payrolls each month

  • PLUS 10% discount from your monthly payroll processing fees

Regular monthly payroll fees start at $39/month + $6/employee/month for the core payroll plan, before our 10% discount mentioned above.

Benefit management and HR services are also available for an additional charge, so just ask!

This is NOT a limited-time offer,...

September 28, 2017

The Trump Administration recently released is Tax Reform plan titled "Unified Framework For Fixing Our Broken Tax Code". It's a 9-page document that touts "More jobs", "Fairer taxes", and "Bigger paychecks". Overall, the plan achieves just one of its goals, and does so by ignoring or going against the other goals...

The plan starts off with a set of goals:

  • Tax relief for middle-class families

  • The simplicity of "postcard" tax filing for the vast majority of Americans

  • Tax relief for businesses, especially small businesses

  • Ending incentives to ship jobs, capital, and tax revenue overseas

  • Broadening the tax base and providing greater...

September 13, 2017

Tax relief includes extended filing deadlines, ability to include property and casualty losses on prior year returns to expedite refunds, ability to obtain loans from 401k plans to pay for repairs, relief from fees to request copies of tax documents from IRS, and relief on certain fuel taxes. Contact us today for help in receiving any of these benefits if you have been impacted by Hurricanes Harvey or Irma.

IR-2017-151, Sept. 12, 2017

WASHINGTON —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families. Thi...

August 23, 2017

 

BizFilings is the online incorporation provider of choice for more than 500,000 small businesses across the United States. BizFilings' expert staff, step-by-step processes, and no hidden fees policy allow small business owners to form a corporation, limited liability company (LLC) or other business structure with confidence.

BizFilings also offers a full range of business filing and compliance products, including Registered Agent services in all 50 states equipped with knowledgeable staff and tools to help businesses remain in compliance with state regulations.

To see how BizFilings can help you with an incorporation or related service call their expe...

August 22, 2017

In an effort to provide the best services and options available to our customers, we have partnered with Unanet, a leader in government accounting software solutions. 

Unanet project management software helps over 900 organizations reliably plan, track and manage people and projects. Unanet's software is highly functional, easy to use, and offers a low Total Cost of Ownership. Additionally, Unanet provides superior implementation, training services, and has unparalleled customer support.

What types of organizations can benefit from Unanet?

  • Any professional services organization needing:

    • Strong processes and infrastructure in place to support &...

June 4, 2017

Paying too much for payroll services? Looking for more online options and services? Check out our partner company, Gusto.

Sign up today and get your first month of payroll free!

Gusto also takes care of all of your quarterly and annual payroll tax filing, and provides employee direct deposit, all for free!

If you need help managing your payroll, contact us directly and we can get you set up and running in no time. If you would prefer to do it yourself, click here for more info: https://gusto.com/r/Q9Fd5

May 16, 2017

Sharing this great offer from Square for any small businesses that need/want to accept credit cards, but don't want to sign up for lengthy contracts and pay monthly fees.

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Finfrock & Co., Inc. has a diverse network of partners to help provide you with the best solutions that fit you and your business. We will always do our best to provide you with the services you need, but if we can't, we are happy to recommend other resources that meet your needs. 

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