Tax & Accounting for Self Employed Contractors

As a self-employed contractor, you have a lot of responsibility when it comes to taxes and accounting. Not only do you have to keep track of your expenses and income, but you also have to make sure that you are paying your taxes on time and in the correct amount. Molen & Associates can help take some of the burden off of your shoulders by providing dependable and accurate tax and accounting services tailored specifically for self-employed contractors.

Who We Are

Molen & Associates is a team of professionals with over 40 years of experience helping self-employed contractors with their taxes and accounting. We understand the unique challenges that you face as a sole proprietor, and we are here to help you stay compliant with all tax laws and regulations.

What We Do

We offer a variety of services to self-employed contractors, including:

  • Preparing and filing quarterly estimated tax payments
  • Preparing and filing annual federal and state income tax returns
  • Keeping track of expenses for business use of your home, vehicle, office equipment, etc.
  • Advising on which expenses are tax deductible
  • Assisting with record keeping and bookkeeping
  • Determining which business structure is right for you (e.g., sole proprietorship, LLC, S-Corp)

If you are a self-employed contractor in need of reliable tax and accounting services, look no further than Molen & Associates. We have over 40 years of experience helping sole proprietors with their taxes, and we are here to help you stay compliant with all state and federal tax laws. Contact us today to learn more about how we can help you!

PAssionately Engaged

We aren't your average tax firm. We specialize in helping you maximize your tax situation and live more comfortably.

Education Focused

We guarantee you will learn something new. If you are looking for an average experience, we probably aren't the firm for you.

Feels Likely FamiLY

We started business 40 years ago out of the Molen's home and to this day, we still treat our clients like family.

 

Latest News

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Schedule a Discovery Meeting

One Hour Discovery meeting for business owners looking for an advisor to help them with accounting and tax preparation to see if we are a good fit.

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Latest News

Real Estate Investor Tax Deductions: What to Claim

Real Estate Investor Tax Deductions: What to Claim Investing in real estate can be a lucrative way to build wealth, and the U.S. tax code provides numerous deductions to help investors maximize their profits. However, navigating the rules can be complex, and claiming...

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Breaking Down the One Big Beautiful Bill (OBBB): What the 2025 Tax Reform Means for You

On July 1, 2025, the U.S. Senate passed one of the most significant tax reform bills in recent history: the One Big Beautiful Bill (OBBB). With the House expected to approve the final version shortly and a presidential signature likely to follow, this sweeping...

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How Major Life Changes Affect Your Taxes (Hint: You’re Going to Like It) Major life changes and taxes—like getting married, moving, or having a baby—are exciting milestones that often come with significant financial adjustments. But here’s some good news: these events...

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Got IRS Penalties? Know the Rules, Pay Nothing If you’ve received a penalty notice from the IRS, don’t rush to pay it. There are ways to reduce or even eliminate IRS penalties if you know how to approach the situation. Whether you’re facing late filing, late payment,...

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Three Ways to Deduct Your Dog, Cat, or Other Animal Expenses Owning a pet is often an expensive yet rewarding experience, with annual costs for dogs ranging from $1,270 to $2,800. While the love and companionship pets provide are invaluable, the IRS views their...

Claim $1600 Stimulus Check – IRS 2025 Rebate & Eligibility

 UPDATE 4/15/25 - THE $1600 STIMULUS PAYMENTS HAVE NOW EXPIRED. THE RETURN NEEDED TO BE FILED BY 4/15/25 TO CLAIM. If you want to learn more about the One Big Beautiful Bill and any incentives associated to this, please save your seat at one of our complimentary...

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Bookkeeper vs. Accountant: What's the Difference? Managing your business’s finances is essential for long-term success, but understanding the roles of a bookkeeper and an accountant can be confusing. In the debate of Bookkeeper vs. Accountant: What's the Difference?,...

How to Set Up Your IRS Online Account with ID.me

ID.me and the IRS Login System ID.me is a third-party identity verification service that the IRS uses to provide secure access to certain online tools and services. If you need to access your IRS account online, such as to view your tax records, get your transcripts,...

Looking for an Accountant?

Schedule a Discovery Meeting

One Hour Discovery meeting for business owners looking for an advisor to help them with accounting and tax preparation to see if we are a good fit.

Subscribe Now

The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

Real Estate Investor Tax Deductions: What to Claim

Real Estate Investor Tax Deductions: What to Claim Investing in real estate can be a lucrative way to build wealth, and the U.S. tax code provides numerous deductions to help investors maximize their profits. However, navigating the rules can be complex, and claiming...

Can I Deduct Medical Expenses? What Counts and What Doesn’t

Can I Deduct Medical Expenses? What Counts and What Doesn’t Medical expenses can add up quickly, especially for individuals and families facing significant health challenges. The good news is that the IRS allows you to deduct certain medical expenses on your tax...

Divorce and Taxes: Filing Status, Alimony, and Dependents

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Breaking Down the One Big Beautiful Bill (OBBB): What the 2025 Tax Reform Means for You

On July 1, 2025, the U.S. Senate passed one of the most significant tax reform bills in recent history: the One Big Beautiful Bill (OBBB). With the House expected to approve the final version shortly and a presidential signature likely to follow, this sweeping...

Major life changes and taxes

How Major Life Changes Affect Your Taxes (Hint: You’re Going to Like It) Major life changes and taxes—like getting married, moving, or having a baby—are exciting milestones that often come with significant financial adjustments. But here’s some good news: these events...

What happens if you don’t file on time

Got IRS Penalties? Know the Rules, Pay Nothing If you’ve received a penalty notice from the IRS, don’t rush to pay it. There are ways to reduce or even eliminate IRS penalties if you know how to approach the situation. Whether you’re facing late filing, late payment,...

Want to deduct your dog? Here’s how?

Three Ways to Deduct Your Dog, Cat, or Other Animal Expenses Owning a pet is often an expensive yet rewarding experience, with annual costs for dogs ranging from $1,270 to $2,800. While the love and companionship pets provide are invaluable, the IRS views their...

Claim $1600 Stimulus Check – IRS 2025 Rebate & Eligibility

 UPDATE 4/15/25 - THE $1600 STIMULUS PAYMENTS HAVE NOW EXPIRED. THE RETURN NEEDED TO BE FILED BY 4/15/25 TO CLAIM. If you want to learn more about the One Big Beautiful Bill and any incentives associated to this, please save your seat at one of our complimentary...

Bookkeeper vs. Accountant: What’s the Difference?

Bookkeeper vs. Accountant: What's the Difference? Managing your business’s finances is essential for long-term success, but understanding the roles of a bookkeeper and an accountant can be confusing. In the debate of Bookkeeper vs. Accountant: What's the Difference?,...

How to Set Up Your IRS Online Account with ID.me

ID.me and the IRS Login System ID.me is a third-party identity verification service that the IRS uses to provide secure access to certain online tools and services. If you need to access your IRS account online, such as to view your tax records, get your transcripts,...

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