by Innov8ive Marketing | Nov 17, 2024 | IRS, Small Business, Tax Planning
In today’s evolving healthcare landscape, businesses of all sizes are searching for cost-effective ways to provide health benefits to their employees. One increasingly popular solution is the HRA 105 Reimbursement Plan. This plan offers flexibility, tax...
by Clark Boyd | Feb 4, 2024 | IRS, Tax Planning
How to Request Penalty Abatement Penalty abatement is a great way to help reduce your client’s tax debt. Here’s how you can request apenalty abatement from the IRS. Let’s say you’ve determined that your client is eligible for a penalty abatement to help...
by Innov8ive Marketing | Dec 24, 2023 | Filing, Income, IRS, Small Business
How to Get Organized and Sail Smoothly with a Family Tax Firm? Tax season—an annual event that can trigger a range of emotions, from anticipation to anxiety. For small business owners, the prospect of tackling complex forms, deciphering intricate regulations, and...
by Innov8ive Marketing | Nov 26, 2023 | Income, IRS, Small Business, Tax Planning
How to maximize your tax benefits for your home office? For over four decades, Molen & Associates, a trusted tax and accounting firm established in 1980, has been aiding small-business proprietors and entrepreneurs in optimizing their tax advantages through the...
by Clark Boyd | Oct 29, 2023 | Filing, IRS, Small Business
How to master the 199A Deduction? Tax season often resembles a maze, with twists, turns, and seemingly endless complexities. But fear not, fellow entrepreneurs, for we’re about to shed light on a powerful tool that can guide you through this intricate...
by Innov8ive Marketing | Oct 1, 2023 | Filing, IRS, Small Business, Tax Planning, Uncategorized
How to cruise a write off? First things first, let’s remember our general rules that before we can deduct a business expense it must be ORDINARY and NECESSARY, meaning “An ordinary expense means it’s typical in your business, both [in terms of] amount [as well as in]...
