How to Avoid or Minimize Social Security and Medicare Taxes – Decreasing SS & Medicare Taxes Social Security and Medicare taxes are mandatory for most U.S. workers, providing essential funding for these critical social programs. However, for those looking to...
The Tax Benefits of Long-Term Care Insurance: What You Need to Know? – How to deduct long term care insurance? Long-term care insurance (LTCI) is designed to cover the costs associated with long-term care services, such as nursing home care, assisted living, and...
2024-2025 Tax Updates: Key Changes, Strategies, and What You Need to Know As we approach the end of 2024, it’s essential to stay informed about the tax changes that will impact your upcoming filings. The Internal Revenue Service (IRS) has announced several...
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...
How To Pay Your Children From Your Business Paying your children through your business can be a strategic way to manage your business’s taxable income, while also providing your children with income and potentially teaching them about the value of work. While...
Unlocking Financial Freedom: The Strategic Power of Revoke-S Elections As a small business owner, you understand that time, money, and peace of mind are precious commodities. The world of taxes can often feel like a labyrinth of complexities, with ever-changing rules...
🎄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!
