Being self-employed or working as an independent contractor is a great way to have more flexibility and gain control over your career. But when tax season comes around, it can be a nightmare trying to figure out how to file everything correctly—especially if you’ve never done it before. That’s where we come in.

Self-Employed and 1099 Worker Tax Preparation

If you are self-employed or do contract work of any kind, we know that your taxes can be especially complicated. Here are a few examples of types of people we have helped:

• Law Enforcement
• Truckers
• Realtors
• Fitness Trainers
• Online Sellers
• Etsy Sellers
• Freelancers
• Uber/Lyft Drivers
• Many more!

We are here to help make sure that you get all of the deductions and credits you are entitled to so that you don’t end up overpaying on your taxes.

Services We Offer

In addition to individual tax preparation, we also offer a variety of other services to help you with your finances. We can help with bookkeeping, payroll set up, business consulting, and more. Contact us today to learn more about how we can help you achieve your financial goals.

How To Minimize Self Employment Taxes

At Molen & Associates, we have experience dealing with self-employment taxes for our clients in Houston, TX. We know the ins and outs of the process, and we can help make sure that you get the maximum refund (or the smallest tax bill) possible. In this article, we’re going to discuss some of the benefits of having us handle your self-employment taxes. Keep reading to learn more!

1. We Can Help You Maximize Your Deductions

When you’re self-employed, you’re eligible for a number of deductions that you wouldn’t be able to take if you were working for someone else. For example, you can deduct the cost of your business’s equipment and supplies, as well as any expenses related to marketing and advertising. And those are just a few of the deductions you may be eligible for—there are many more.

The problem is, sifting through all of the different deduction options can be time-consuming and confusing. That’s where we come in. We can help you identify which deductions you’re eligible for and make sure that you take advantage of them so that you get the maximum refund (or pay the minimum amount in taxes). In addition to just filing your taxes, we can help with monthly bookkeeping to keep your numbers on track so tax time is a breeze.

2. We Can Help You Avoid Common mistakes

Filing your taxes can be complicated, especially if you’ve never done it before. And when you’re self-employed, there are a few additional challenges that can trip people up. For example, did you know that if you don’t pay your estimated taxes on time, you could be subject to a penalty? Or that there are specific deadlines for filing your return if you’re self-employed? These are just a couple of the potential pitfalls that self-employed taxpayers face. But don’t worry—we can help guide you through the process and make sure that you avoid any common mistakes.

3. We Can Help You Get Your Taxes Done Quickly And Efficiently

No one likes dealing with their taxes, but when you’re self-employed, it’s important to get it done as quickly and efficiently as possible so that you can get back to running your business. Trying to do your taxes on your own can be time-consuming and frustrating—especially if you run into any complications along the way. But when you work with us, we’ll take care of everything for you so that all you have to do is sit back and relax while we handle everything. Plus, we’ll make sure that your taxes are filed on time so that you don’t have to worry about any penalties or fees. 

4. We Can Help with Self Employment and Federal Taxes

On top of paying a lower amount in Federal taxes, it is just as important to minimize your Self Employment taxes. Read more here about a strategy that may help.

As a self-employed individual or small business owner in Houston, TX, it’s important to have a firm understanding of how to file your taxes correctly—especially since there are a number of unique challenges that come along with being self-employed. At Molen & Associates, we understand these challenges and we’re here to help!If you have any questions or would like to learn more about our services, contact us today! We look forward to hearing from you soon!