Stay Ahead of Law Changes & Protect Yourself Against Being Audited: Corporate Transparency Act and Reasonable Compensation

NonProfit Tax Preparation in Houston, TX

As a nonprofit, you are already doing good work for the Houston community. But did you know that you could be doing even more good with the help of a qualified tax preparer?

 

At Molen & Associates, we specialize in helping nonprofits maximize their impact by taking advantage of all the tax benefits and deductions available to them. We know the ins and outs of nonprofit tax law, and we’ll make sure your organization gets every penny it’s entitled to.

 

How We Can Help

At Molen & Associates, we can help your nonprofit:

-Thoroughly examine your organization’s financial records to identify any potential areas of improvement

-Ensure that you are taking advantage of all available tax exemptions and deductions

-Help you develop a long-term financial strategy to ensure your organization’s continued success

-Advise you on how to best use your limited resources to maximized impact

-Provide ongoing support and advice throughout the year, not just during tax season

 

Types of Organizations We Serve

Molen & Associates is proud to serve a wide range of nonprofits in the Houston area, including but not limited to:

-Arts and cultural organizations

-Educational institutions

-Healthcare providers

-Social service agencies

-Religious organizations 

 

Here are some of the services we offer to Non Profits:

-Prepare and file your annual return

-Ensure compliance with IRS regulations

-Monthly bookkeeping

-Prepare annual donor statements

-1099 and W2 preparation

-Payroll set up

-Maximize your deductions

-Minimize your taxes due

-Help you plan for the future

 

If you’re a nonprofit organization in Houston, Texas, then Molen & Associates is the perfect partner for you. We specialize in helping nonprofits take advantage of all the available tax benefits so they can maximize their impact on the community. Why not give us a call today and see how we can help your organization make an even bigger difference?

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.”

Do I Need to Pay Taxes on Payments Received in Cash?

Receiving payments in cash might seem like a simple and hassle-free way to manage your finances, especially if you're a freelancer, small business owner, or even just doing a few side gigs. However, while cash payments are convenient, they come with responsibilities...

Bonus Depreciation: Maximizing Tax Benefits for Businesses

Bonus depreciation is a powerful tax incentive that allows businesses to accelerate the depreciation of qualified property, thereby reducing taxable income and enhancing cash flow. This article delves into the intricacies of bonus depreciation, its eligibility...

Which Accounting Software to Use – QBD, QBO, Excel, NetSuite, Wave, Xero, etc.

In today's digital age, choosing the right accounting software is crucial for businesses of all sizes. With numerous options available, it can be challenging to determine which software best suits your needs. This article will explore some of the most popular...

Personal Property – Primary Residence Capital Gains Exclusion: How Does This Work?

The capital gains exclusion for the sale of a primary residence is a significant tax benefit available to homeowners in the United States. This exclusion allows taxpayers to exclude a substantial portion of the gain realized from the sale of their primary residence...

Personal Property – Primary Residence Capital Gains Exclusion: How Does This Work?

Personal Property – Primary Residence Capital Gains Exclusion: How Does This Work? The capital gains exclusion for the sale of a primary residence is a significant tax benefit available to homeowners in the United States. This exclusion allows taxpayers to exclude a...

Compensation and K-1 Reporting for Partnership Owners

As a business owner of a partnership, understanding how your compensation and earnings are reported and taxed is crucial for managing your finances and staying compliant with IRS regulations. Unlike S-Corporations (S-Corps), partnerships cannot pay their owners a W-2...

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners As an S-Corporation (S-Corp) owner, understanding the distinctions between W-2 wages, distributions, and K-1 profits is essential for managing your tax obligations and business finances. In this article, we will...

Non-Compete Law Changes in 2024: What Employers and Workers Need to Know

Non-compete agreements have long been a standard tool for employers seeking to protect sensitive business information and retain talent, but their future is now uncertain. In 2024, sweeping changes to non-compete agreements are expected, driven by the Federal Trade...

FLSA Changes in 2024: What Employers and Employees Need to Know

The Fair Labor Standards Act (FLSA) governs minimum wage, overtime pay, and working hours, ensuring that employees across the U.S. are treated fairly. In 2024, significant changes to the FLSA overtime rules will take effect, directly impacting both employers and...

What Tax Documents Should I Save, and How Long Should I Save Them?

What Tax Documents Should I Save, and How Long Should I Save Them? Maintaining proper tax records is crucial for both individuals and businesses. Not only does it ensure compliance with tax laws, but it also provides a safeguard in case of audits or disputes. This...

Request an Appointment Today

15 + 13 =

Call us at

Pin It on Pinterest

Share This