It’s a great strategy to hire your children as legitimate employees in your business. In fact, the higher the taxes you have to pay, the more you can save when you hire your children. When your children work for you in your business, you can deduct their...
Tax law is constantly changing, and it is almost impossible to keep up with all of it, but thankfully, here at Molen & Associates, we are dedicated to help our clients save on taxes. With each new president or change in congress members they make promises that...
The word “Budget” used to leave a sour taste in my mouth. At first, I thought of how fabulous it would be to form a habit to budget. I even took a class at college to motivate and teach me great budgeting tools. It was the most boring class and I struggled to keep my...
Student Loan Forgiveness & the CARES Act The CARES Act has been a modest help in numerous ways to several people and businesses, and student loans happen to be one of those things. There are some catches, this is true, and the decision on how to best take...
How can I increase my income? Whether you make thousands or millions annually, one desire for almost everyone is that you would like to grow your income. There are an infinite number of ways that you could start making more money. Some money-making methods do not even...
Are you properly tracking and managing your small business’ expenses? These are costs associated with operating your business. Every business owner practices accounting: from solopreneurs collecting payments to startups paying rent on a coworking space. But if a...
