Required Minimum Distributions (RMDs): What Are They and Why Are They Required? As retirement approaches, understanding the rules around Required Minimum Distributions (RMDs) becomes crucial for anyone with a retirement account. RMDs are mandatory withdrawals that...
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...
Receiving payments in cash might seem like a simple and hassle-free way to manage your finances, especially if you’re a freelancer, small business owner, or even just doing a few side gigs. However, while cash payments are convenient, they come with...
Bonus depreciation is a powerful tax incentive that allows businesses to accelerate the depreciation of qualified property, thereby reducing taxable income and enhancing cash flow. This article delves into the intricacies of bonus depreciation, its eligibility...
In today’s digital age, choosing the right accounting software is crucial for businesses of all sizes. With numerous options available, it can be challenging to determine which software best suits your needs. This article will explore some of the most popular...
The capital gains exclusion for the sale of a primary residence is a significant tax benefit available to homeowners in the United States. This exclusion allows taxpayers to exclude a substantial portion of the gain realized from the sale of their primary residence...
🎄Holiday Cheer Alert! Molen & Associates Out of Office🎄
Hello and Happy Holidays!
Our Molen & Associates team is officially dashing through the holidays starting on December 20, 2024 and will return to office on January 2, 2025. We’ll be sipping cocoa, decking the halls, and recharging our calculators so we can start the new year fresh and ready to tackle all things tax & accounting!
In the meantime, feel free to drop us an email at info@molentax.com, and we’ll get back to you as soon as we are able.
Wishing you a joyous season filled with peace, laughter, and plenty of holiday treats. See you in the new year!
