Stay Ahead of Tax Law Changes: Learn about the One Big Beautiful Bill

Payroll Tax Problems

How we can help you

At Molen & Associates, we understand that dealing with the IRS can be a nightmare. That’s why we’re here to help you sort out your payroll tax problems so you can get back to business. With over 40 years of experience, we’re the experts you need on your side.

What are Payroll Taxes?

In general, payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the employee’s wages. In the United States, payroll taxes are assessed by both the federal government and most state governments.

There are two types of payroll taxes: deductions from an employee’s wages, and employer taxes. Employer taxes consist of Social Security and Medicare taxes, while employee deductions include income taxes and Social Security and Medicare taxes.

Why Do I Need to Pay Them?

Payroll taxes are necessary to fund vital programs like Social Security and Medicare. Without these programs, millions of Americans would be left without a safety net.

How Much Do I Have to Pay? 

The amount of payroll tax you owe depends on a number of factors, including your income, your filing status, and the number of allowances you claim on your W-4 form. You can use the IRS’s withholding calculator to estimate how much should be withheld from your paycheck for federal taxes.

Can I Deduct Them From My Taxes? 

Yes! The amount you pay in payroll taxes can be deducted from your income taxes. This is beneficial because it lowers your taxable income, which means you’ll owe less in taxes overall. 

If you’re looking for help with payroll tax problems in Houston, TX, look no further than Molen & Associates. With over 40 years of experience, we’re the experts you need on your side. Give us a call today!

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

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

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

 

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The One Big Beautiful Bill (OBBB) delivers tax relief across many income levels, but for higher earners, some benefits phase out as income climbs. These phaseouts gradually reduce or eliminate valuable deductions and credits once your adjusted gross income (AGI)...

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Qualified Opportunity Zones (QOZ) – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

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One Big Beautiful Bill: Frequently Asked Questions (FAQ)

The One Big Beautiful Bill (OBBB) is one of the most sweeping tax updates since the Tax Cuts and Jobs Act of 2017. With so many provisions affecting individuals, families, and business owners, it’s normal to have questions. At Molen & Associates, we’ve compiled...

Top 10 Tax Planning Tips Before Year-End Under the One Big Beautiful Bill

The One Big Beautiful Bill (OBBB) has reshaped the tax landscape for individuals, families, and business owners. While many changes take effect in 2025, there are key moves you can make before year-end to set yourself up for maximum tax savings next year. At Molen...

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Latest News

One Big Beautiful Bill: High-Income Phaseouts You Need to Know

The One Big Beautiful Bill (OBBB) delivers tax relief across many income levels, but for higher earners, some benefits phase out as income climbs. These phaseouts gradually reduce or eliminate valuable deductions and credits once your adjusted gross income (AGI)...

One Big Beautiful Bill: Clean Energy and “Green” Tax Credits You Can Use

The One Big Beautiful Bill (OBBB) didn’t just change income tax brackets and deductions—it also continued and expanded several clean energy and environmentally focused tax incentives. These credits reward taxpayers who make energy-efficient upgrades, invest in...

How the OBBB Tax Bill Could Save a Texas Family Thousands in 2025

(A Before & After Story) When the One Big Beautiful Bill (OBBB) passed, many families wondered what it might mean for their taxes in real life. Let’s walk through a fictional example that might sound a lot like someone you know — maybe even you. Meet Jake and...

How to Correctly Pay Yourself and Take Cash from Your Business

As a small business owner, one of the most common questions you might have is: “How should I pay myself?” The answer isn’t always straightforward because it depends heavily on your business structure and tax situation. Whether you're aiming to maximize tax deductions,...

Estate & Gift Planning – What’s Changing Under the One Big Beautiful Bill (OBBB)

The One Big Beautiful Bill (OBBB) brings several important changes for individuals and families looking to transfer wealth, reduce estate taxes, and protect assets for future generations. Whether you’re planning modest gifts to family or multi-million-dollar legacy...

Qualified Small Business Stock (QSBS) – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

Thinking of investing in—a high-growth small business, the Qualified Small Business Stock (QSBS) exclusion can be one of the most powerful tax strategies available. The One Big Beautiful Bill (OBBB) makes important adjustments that keep QSBS attractive for...

Research & Development (R&D) Tax Credit – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

The Research & Development (R&D) Tax Credit has long been a powerful tool for businesses that innovate, design, and improve products or processes. The One Big Beautiful Bill (OBBB) brings important changes that expand eligibility, increase potential savings,...

Qualified Opportunity Zones (QOZ) – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

The Qualified Opportunity Zone (QOZ) program has been one of the most powerful tax incentives for investors and business owners since it was introduced in 2017. The One Big Beautiful Bill (OBBB) makes several adjustments that extend its reach, giving investors more...

One Big Beautiful Bill: Frequently Asked Questions (FAQ)

The One Big Beautiful Bill (OBBB) is one of the most sweeping tax updates since the Tax Cuts and Jobs Act of 2017. With so many provisions affecting individuals, families, and business owners, it’s normal to have questions. At Molen & Associates, we’ve compiled...

Top 10 Tax Planning Tips Before Year-End Under the One Big Beautiful Bill

The One Big Beautiful Bill (OBBB) has reshaped the tax landscape for individuals, families, and business owners. While many changes take effect in 2025, there are key moves you can make before year-end to set yourself up for maximum tax savings next year. At Molen...

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.”

One Big Beautiful Bill: High-Income Phaseouts You Need to Know

The One Big Beautiful Bill (OBBB) delivers tax relief across many income levels, but for higher earners, some benefits phase out as income climbs. These phaseouts gradually reduce or eliminate valuable deductions and credits once your adjusted gross income (AGI)...

One Big Beautiful Bill: Clean Energy and “Green” Tax Credits You Can Use

The One Big Beautiful Bill (OBBB) didn’t just change income tax brackets and deductions—it also continued and expanded several clean energy and environmentally focused tax incentives. These credits reward taxpayers who make energy-efficient upgrades, invest in...

How the OBBB Tax Bill Could Save a Texas Family Thousands in 2025

(A Before & After Story) When the One Big Beautiful Bill (OBBB) passed, many families wondered what it might mean for their taxes in real life. Let’s walk through a fictional example that might sound a lot like someone you know — maybe even you. Meet Jake and...

How to Correctly Pay Yourself and Take Cash from Your Business

As a small business owner, one of the most common questions you might have is: “How should I pay myself?” The answer isn’t always straightforward because it depends heavily on your business structure and tax situation. Whether you're aiming to maximize tax deductions,...

Estate & Gift Planning – What’s Changing Under the One Big Beautiful Bill (OBBB)

The One Big Beautiful Bill (OBBB) brings several important changes for individuals and families looking to transfer wealth, reduce estate taxes, and protect assets for future generations. Whether you’re planning modest gifts to family or multi-million-dollar legacy...

Qualified Small Business Stock (QSBS) – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

Thinking of investing in—a high-growth small business, the Qualified Small Business Stock (QSBS) exclusion can be one of the most powerful tax strategies available. The One Big Beautiful Bill (OBBB) makes important adjustments that keep QSBS attractive for...

Research & Development (R&D) Tax Credit – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

The Research & Development (R&D) Tax Credit has long been a powerful tool for businesses that innovate, design, and improve products or processes. The One Big Beautiful Bill (OBBB) brings important changes that expand eligibility, increase potential savings,...

Qualified Opportunity Zones (QOZ) – Everything You Need to Know Under the One Big Beautiful Bill (OBBB)

The Qualified Opportunity Zone (QOZ) program has been one of the most powerful tax incentives for investors and business owners since it was introduced in 2017. The One Big Beautiful Bill (OBBB) makes several adjustments that extend its reach, giving investors more...

One Big Beautiful Bill: Frequently Asked Questions (FAQ)

The One Big Beautiful Bill (OBBB) is one of the most sweeping tax updates since the Tax Cuts and Jobs Act of 2017. With so many provisions affecting individuals, families, and business owners, it’s normal to have questions. At Molen & Associates, we’ve compiled...

Top 10 Tax Planning Tips Before Year-End Under the One Big Beautiful Bill

The One Big Beautiful Bill (OBBB) has reshaped the tax landscape for individuals, families, and business owners. While many changes take effect in 2025, there are key moves you can make before year-end to set yourself up for maximum tax savings next year. At Molen...

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