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!
We aren't your average tax firm. We specialize in helping you maximize your tax situation and live more comfortably.
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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Dates to Remember
Free One Hour Consultation for any new business owner looking for an advisor to help them with their taxes or financials.