by SEO | Feb 4, 2024 | IRS, Tax Planning
Essential Documents for Individual 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...
by SEO | 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 SEO | Nov 26, 2023 | Income, IRS, Small Business, Tax Planning
Maximizing Tax Benefits for Your Home Office 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...
by SEO | Oct 29, 2023 | Filing, IRS, Small Business
Common Mistakes with the 199A Deduction 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...
by SEO | Oct 1, 2023 | Filing, IRS, Small Business, Tax Planning, Uncategorized
Cruise Write-Offs: A Smart Financial Move 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,...
by SEO | Jul 20, 2020 | blog, IRS
Choosing Between 401K and IRA for Your Future Most Americans will not be able to retire by the traditional retirement age of 65 even with an employer 401k plan or an IRA. Some plan on surviving solely off social security, but this was never meant to be a sustainable...
