We get a lot of questions about the best ways to take money out of a business and how this money is taxed. Essentially, for S-Corporation owners, there are two main ways to do this: Owner’s Draw or W2 Wages. However, there is a deeper, and possibly more important...
What do I do with the Stimulus Check Letter for 2021? Hey folks, I’m Kevin Molen with Molen & Associates. I wanted to give you a quick update on stimulus checks, as many of you would have seen based on the third round of stimulus that was passed and paid in 2021....
Am I Going To Owe More On My Taxes Due To the Advanced Child Tax Credit Advanced Payments? Hey folks, Kevin Molen with Molen & Associates here. I wanted to give you a quick update on the advanced child tax credit payments. Now, if you don’t know what I mean...
Early American colonists adopted what is commonly considered their first slogan of “No taxation without representation”. While this slogan specifically regarded their requirement to pay taxes to Britain without having any political influence, it is still valuable,...
Common Mistake With Children Filing Their Own Tax Return Hey folks, Kevin Molen with Molen & Associates here. I want to give you a quick update one of the things we’re seeing a lot. It is dependent children who got their first summer job or maybe...