by Clark Boyd | Mar 24, 2022 | Uncategorized
Okay, folks, it is Kevin Molen once again with Molen and Associates. But today, today, we are talking about a crucially important topic. We’re talking about common business deductions. Now, I don’t want this video to be an hour long, so I’m going to...
by Clark Boyd | Mar 21, 2022 | Uncategorized
How are PPP & EIDL Accounted for on my Bookkeeping & Tax Preparation Hey, folks. Kevin Molen with Molen and Associates here wanted to give you a quick update on how we are treating the payroll protection program, loans and grants and the economic injury...
by Clark Boyd | Feb 25, 2022 | Uncategorized
What Has Recently Changed with Education Credits? Here are a few changes due to recent legislation for education tax credits. There used to be 3 education tax credits, now there are 2. The American Opportunity Credit (Spend $4k and get $2.5k in credit) and the...
by Clark Boyd | Feb 14, 2022 | Uncategorized
We get a lot of questions about the best ways to take money out of a business and how this money is taxed. Essentially, for S-Corporation owners, there are two main ways to do this: Owner’s Draw or W2 Wages. However, there is a deeper, and possibly more important...
by Clark Boyd | Feb 11, 2022 | Uncategorized
What do I do with the Stimulus Check Letter for 2021? Hey folks, I’m Kevin Molen with Molen & Associates. I wanted to give you a quick update on stimulus checks, as many of you would have seen based on the third round of stimulus that was passed and paid in 2021....
by Clark Boyd | Jan 24, 2022 | Uncategorized
Am I Going To Owe More On My Taxes Due To the Advanced Child Tax Credit Advanced Payments? Hey folks, Kevin Molen with Molen & Associates here. I wanted to give you a quick update on the advanced child tax credit payments. Now, if you don’t know what I mean...
