April 2020 - Molen & Associates
The High Price of a 401(k) Withdrawal

The High Price of a 401(k) Withdrawal

Life has a way of throwing curve balls at us. And they’re great at draining us of our money—especially if we’re not prepared. You’ve heard of Murphy’s Law, right? Anything that can go wrong will go wrong. Murphy is rude. He doesn’t even knock when he shows up—he just...
Employee Retention Credit

Employee Retention Credit

Employee Retention Credit Calculator To help your small business, Congress created a lot of new tax-saving provisions due to the COVID-19 pandemic. Many of our clients own and operate S corporations and it is valuable to understand how these credits impact your...
Bookkeeping Pros & Cons

Bookkeeping Pros & Cons

Hi, I’m Clark Boyd with Molen & Associates where we unravel tax headaches and build financial vision. Here I will share my two-minute tax tip on why you should or should not hire a bookkeeper. Let’s start with the PROS: Keeping an accurate financial record...
COVID-19 IRA Information

COVID-19 IRA Information

In this article, we explain how you may be able to take money from your IRA and other retirement accounts, avoid early withdrawal penalties, and have generous options on repayment (or not). We also explain when you don’t have to take the required minimum distribution...
CARES Act for Self-Employed

CARES Act for Self-Employed

While there is a lot of information being interpreted and published for everyone – our aim here is to target the information for those who are self-employed. We don’t expect there to be anything contained here that is new – merely limiting the information to sole...

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