Businesses - Molen Tax & Associates - Tax Services - Accounting

Stay Ahead of Law Changes & Protect Yourself Against Being Audited: Corporate Transparency Act and Reasonable Compensation

BUSINESSES

How we can help you

Molen & Associates uses a holistic and coordinated approach to complex tax issues. Over the last 40 years, we have developed and refined a proven processes to help our business clients succeed not only financially but in all matters of their business.

Most small business owners waste valuable time attempting to manage their finances and records. This time could be far better spent focusing on the service or the clients your business specialize in. The more you can focus on your most profitable actions, the more profitable your business will be.

Leave the tedious, time-consuming jobs of bookkeeping,  accounting, tax preparation and financial forecasting to the professionals! With a team of professionals at Molen & Associates, we won’t only save your time, but your records will be more accurate and you will probably save you money as well. By integrating your bookkeeping and tax preparation, there are deductions that we may uncover throughout the year that will save you money on your taxes.

What We Provide

Bank Reconciliation

  • identify lost checks, lost deposits, or unauthorized wire transfers.
  • detect and prevent embezzlement of funds from within your business.
  • track your business growth and manage your cash effectively.
  • protect yourself from bank errors, fraudulent checks, and other financial crimes directed toward your business

Income Statements

  • we can provide you with regular profit / loss statements that will help you track the operating costs of your business.
  • understand what areas of your business are over / under budget and identify the specific areas that need attention to keep your business profiting.
  • track increases in product sales or returns as a percentage of your sales.
  • determine your current tax liability.

Balance Sheets

  • gives you a snapshot of the financial health of your business at any given point of time.
  • identify and analyze trends in receiving and payables and take prompt action to keep those trends going in a direction beneficial to your company.
  • balance sheets, along with income statements, are the single most important elements for reporting to potential lenders and investors.
  • general ledger management that can help you set up a general ledger system, or identify problems with your current ledger system, that will allow you to eliminate discrepancies and maintain accurate records for your business.

And of course… Tax Planning & Preparation

In Summary

  • Rest easy knowing you have a team of experts to watch over the financial aspects of your business.
  • Know your records are accurate and compliant with laws & regulations.
  • Have more time to focus on the growth of your business.
  • Have a team of advisors that you can consult with when making important decisions for your business.
  • Receive help with enhanced budgeting & cash management.
  • Plan in advance with specific tax tips & strategies.
  • Receive consultation for both short and long-term goals.

Don’t Waste Your Valuable Time on Bookkeeping and Finances… Give Yourself Time to Do What You Do Best!

PAssionately Engaged

We aren't your average tax firm. We specialize in helping you maximize your tax situation and live more comfortably.

Education Focused

We guarantee you will learn something new. If you are looking for an average experience, we probably aren't the firm for you.

Feels Likely FamiLY

We started business 40 years ago out of the Molen's home and to this day, we still treat our clients like family.

 

Other Services

Z

Business Mastery

Z

Accounting

Z

Bookkeeping

Z

Analysis

Z

Forecasting

Z

Payroll

Z

Tax Preparation

Z

Tax Planning

Latest News

Dates to Remember

Subscribe Now

Compensation and K-1 Reporting for Partnership Owners

As a business owner of a partnership, understanding how your compensation and earnings are reported and taxed is crucial for managing your finances and staying compliant with IRS regulations. Unlike S-Corporations (S-Corps), partnerships cannot pay their owners a W-2...

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners As an S-Corporation (S-Corp) owner, understanding the distinctions between W-2 wages, distributions, and K-1 profits is essential for managing your tax obligations and business finances. In this article, we will...

Non-Compete Law Changes in 2024: What Employers and Workers Need to Know

Non-compete agreements have long been a standard tool for employers seeking to protect sensitive business information and retain talent, but their future is now uncertain. In 2024, sweeping changes to non-compete agreements are expected, driven by the Federal Trade...

FLSA Changes in 2024: What Employers and Employees Need to Know

The Fair Labor Standards Act (FLSA) governs minimum wage, overtime pay, and working hours, ensuring that employees across the U.S. are treated fairly. In 2024, significant changes to the FLSA overtime rules will take effect, directly impacting both employers and...

What Tax Documents Should I Save, and How Long Should I Save Them?

What Tax Documents Should I Save, and How Long Should I Save Them? Maintaining proper tax records is crucial for both individuals and businesses. Not only does it ensure compliance with tax laws, but it also provides a safeguard in case of audits or disputes. This...

Underpayment Penalties and How to Avoid Them

Underpayment Penalties and How to Avoid Them Underpayment penalties can be a significant concern for taxpayers, both individuals and corporations. These penalties are imposed when taxpayers fail to pay enough tax throughout the year, either through withholding or...

Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide

Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide When it comes to filing your taxes, one of the most crucial decisions you'll make is selecting the appropriate filing status. Your filing status affects your filing requirements, standard...

Why Corporations and S-Corporations Cannot Deduct Shareholder Expenses Directly on the Corporate Return

Why Corporations and S-Corporations Cannot Deduct Shareholder Expenses Directly on the Corporate Return   When it comes to managing business expenses, corporations and S-corporations face specific rules and limitations, particularly concerning the expenses...

Understanding Storm-Related Tax Implications for Texas Tax Filers: Hurricane Beryl and the May Derecho

  As Texans, we know all too well the impact that severe weather can have on our lives and communities. This year, we've faced two significant challenges: Hurricane Beryl and the May derecho that swept through the Houston area. In the wake of these natural...

Roth vs Traditional IRA: A Comprehensive Guide

When planning for retirement, choosing the right Individual Retirement Account (IRA) can significantly impact your financial future. The two most popular types of IRAs are the Roth IRA and the Traditional IRA. Each has its unique benefits and drawbacks, and...

Needs Analysis

Free One Hour Discovery meeting for business owners looking for an advisor to help them with their taxes or accounting.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - May 17th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - May 17th, 2021

Monthly Newsletter

We strive to be education focused in all we do. Sign up for our monthly newsletter to learn from the experts and improve your taxes and finances!

Latest News

Compensation and K-1 Reporting for Partnership Owners

As a business owner of a partnership, understanding how your compensation and earnings are reported and taxed is crucial for managing your finances and staying compliant with IRS regulations. Unlike S-Corporations (S-Corps), partnerships cannot pay their owners a W-2...

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners As an S-Corporation (S-Corp) owner, understanding the distinctions between W-2 wages, distributions, and K-1 profits is essential for managing your tax obligations and business finances. In this article, we will...

Non-Compete Law Changes in 2024: What Employers and Workers Need to Know

Non-compete agreements have long been a standard tool for employers seeking to protect sensitive business information and retain talent, but their future is now uncertain. In 2024, sweeping changes to non-compete agreements are expected, driven by the Federal Trade...

FLSA Changes in 2024: What Employers and Employees Need to Know

The Fair Labor Standards Act (FLSA) governs minimum wage, overtime pay, and working hours, ensuring that employees across the U.S. are treated fairly. In 2024, significant changes to the FLSA overtime rules will take effect, directly impacting both employers and...

What Tax Documents Should I Save, and How Long Should I Save Them?

What Tax Documents Should I Save, and How Long Should I Save Them? Maintaining proper tax records is crucial for both individuals and businesses. Not only does it ensure compliance with tax laws, but it also provides a safeguard in case of audits or disputes. This...

Underpayment Penalties and How to Avoid Them

Underpayment Penalties and How to Avoid Them Underpayment penalties can be a significant concern for taxpayers, both individuals and corporations. These penalties are imposed when taxpayers fail to pay enough tax throughout the year, either through withholding or...

Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide

Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide When it comes to filing your taxes, one of the most crucial decisions you'll make is selecting the appropriate filing status. Your filing status affects your filing requirements, standard...

Why Corporations and S-Corporations Cannot Deduct Shareholder Expenses Directly on the Corporate Return

Why Corporations and S-Corporations Cannot Deduct Shareholder Expenses Directly on the Corporate Return   When it comes to managing business expenses, corporations and S-corporations face specific rules and limitations, particularly concerning the expenses...

Understanding Storm-Related Tax Implications for Texas Tax Filers: Hurricane Beryl and the May Derecho

  As Texans, we know all too well the impact that severe weather can have on our lives and communities. This year, we've faced two significant challenges: Hurricane Beryl and the May derecho that swept through the Houston area. In the wake of these natural...

Roth vs Traditional IRA: A Comprehensive Guide

When planning for retirement, choosing the right Individual Retirement Account (IRA) can significantly impact your financial future. The two most popular types of IRAs are the Roth IRA and the Traditional IRA. Each has its unique benefits and drawbacks, and...

Dates to Remember

Needs Analysis

Free One Hour Consultation for any new business owner looking for an advisor to help them with their taxes or financials.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - March 15th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - April 15th, 2021

Subscribe Now

LOCATION

11555 Champion Forest Dr.
Houston, TX 77066

info@molentax.com

Phone: (281) 440-6279

Fax: (281) 716-6000

 

HOURS

Hours

Mon - 9:00am-5:00pm

Tues - 9:00am-5:00pm

Wed - 9:00am-5:00pm

Thurs - 9:00am-8:00pm

Fri - Sun - Closed

Building Relationships that Last Generations

 

Pin It on Pinterest

Share This