Tax Planning in Houston, TX

For most people, the word “taxes” is enough to send them into a tailspin of anxiety. However, it doesn’t have to be that way. With a little bit of planning and preparation, you can make tax season a breeze. That’s where we come in.

At Molen & Associates, we specialize in income tax planning and preparation. We work with businesses and individuals to help them save money and be proactive about their taxes. We understand that taxes can be complicated, which is why we’re here to help. Read on to learn more about our services and how we can help you get ahead of the game, not only this tax season, but all year round.

What is income tax planning?

Income tax planning is all about being proactive. It involves taking a close look at your financial situation and making adjustments now so that you can save money when it comes time to file your taxes. At Molen & Associates, we work with our clients to help them minimize their tax liability and keep more of their hard-earned money. 

Our team takes a holistic approach to tax planning. We start by getting to know you and your unique financial situation. From there, we devise a custom plan based on your specific needs. We believe that there is no one-size-fits-all solution when it comes to taxes, which is why we tailor our services to each individual client.

A few of the services we offer include: 
  • Personalized tax planning 
  • Guidance on how to maximize deductions 
  • Review of prior year’s returns 
  • W4 Withholding Review
  • QBI Planning
  • Tax projection services 
  • And more!

Why Work with Us?

When it comes to something as important as your taxes, you need a team you can trust—a team with experience, knowledge, and a commitment to excellence. That’s what you’ll find at Molen & Associates. We’ve been in the business for over 40 years, and in that time, we’ve helped countless individuals and businesses save money on their taxes. 

We understand that everyone’s financial situation is different, which is why we take a personalized approach to each and every one of our clients. We’ll work with you one-on-one to ensure that your needs are met and that you’re getting the best possible service. In addition, we’re always up-to-date on the latest tax laws and changes so that you don’t have to be. When you work with us, you can rest assured knowing that you’re in good hands.

Why Is Tax Planning Important as a Start Up?

Setting up a business is an exciting and challenging time. From choosing the right structure to hiring the first employees, there are a lot of important decisions to make. One decision that is often overlooked is tax planning.

While it may not seem like the most glamorous task, tax planning is an essential part of running a successful business. By taking the time to understand the tax implications of your business decisions, you can save your company a significant amount of money.

At Molen & Associates, we specialize in helping businesses with their tax planning and we can educate you on how to better manage your finances so you stay in control of you business. Our experienced team can help you navigate the complex world of taxes so that you can make the best decisions for your business.

Why Tax Planning is Important for Businesses?

  1. Save Money – Effective tax planning can save your company a significant amount of money. By taking advantage of deductions and credits, you can minimize your company’s tax liability.
  2. Avoid Penalties & Interest – In addition to saving money, tax planning can also help you avoid penalties and interest charges. If you fail to pay your taxes on time, you may be subject to late fees and interest charges. However, if you have a well-organized tax plan in place, you can ensure that your taxes are paid on time and avoid these penalties.
  3. Make Better Business Decisions – Finally, effective tax planning can help you make better financial decisions for your business. When you have a clear understanding of the tax implications of your decisions, you can make informed choices that will help your business grow and be successful.

Tax Planning Services from Molen & Associates 

At Molen & Associates, we offer a full range of tax planning services to help businesses save money and avoid penalties. 

Our services include:  
  • Reviewing your business’s financial statements  
  • Analyzing your business’s current tax situation  
  • Identifying areas where you can save money  
  • Providing recommendations on how to structure your business for maximum savings  
  • Assist with entity selection  
  • Help with choosing the right accounting method  
  • Prepare federal and state income tax returns  
  • Planning for estimated taxes

Tax planning in Houston, TX

While it may not seem like the most exciting task, tax planning is an essential part of running a successful business. By taking the time to understand the tax implications of your business decisions, you can save your company a significant amount of money. At Molen & Associates, our experienced team can help you navigate the complex world of taxes so that you can make the best decisions for your business and personal finances. We understand that every business is different and has unique needs. That’s why we tailor our services to fit each client’s individual situation. To learn more about how we can help you with your business’s taxes, contact us today for a free consultation.

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.”

Should I Open an HSA?

Should I Open An HSA Account? Are you considering a Health Savings Account (HSA)? If so, it is vital to understand what exactly an HSA entails. With this guide, you'll learn all about it: the advantages of an HSA and how it can help you manage your medical expenses....

Personal Finance Tips for Young Adults

As someone who has been working for most of their life, I wish there was someone out there who had shown me the correct way to save money for my future. Now that I am in my 30s, I have been getting better at saving money, but there are some personal finance tips that...

How to Track Expenses

There are many different methodologies, tools, tips, and tricks for tracking expenses, and it ultimately depends on your lifestyle and how actively and accurately you want to track them. This is information I’ve pulled from other sources and compiled into a few...

How To Accurately Record Commuting Mileage and Increase Tax Deductions

Increase Tax Deductions With the Business-Mileage Rule Using the Business Mileage tax deduction can be tricky. There are lots of situations that count while others do not. We don’t like commuting mileage. You should dislike it, too. It’s personal. It’s not deductible....

Bookkeeping 101

As a new business owner, you will certainly have some responsibilities you won’t be able to avoid. One of those non-negotiable part of your business is producing financial statements. It can be overwhelming trying to master a topic such as bookkeeping but don’t worry...

Bankruptcy – Everything You Need to Know

Everything you need to know Filing for bankruptcy protection is considered a statement on your ability to repay your debt to your creditors. Filing for bankruptcy will also put a halt to foreclosure or legal actions against you, and it stops creditors from calling and...

Top Tax Tips for 2023

Tax Refunds May Be Smaller This Year Plan now to learn these 2023 tax tips avoid surprises in the future! If you’re expecting a tax refund in 2023, it may be smaller than last year, according to the IRS. Your annual balance is based on taxable income, calculated by...

What is an EA?

Have you ever seen the title EA next to a tax professional’s name and wonder what it means? Or maybe you’re familiar with the title and you’re curious about the differences between an EA and CPA? Either way, in this blog I will be answering these frequently asked...

Familiarize Yourself With Tax Terminology

Yes, I know, tax terminology feels like a whole new language. For most people all of tax forms can be even more confusing than a foreign language. What’s the difference between itemized deduction and standard deduction? What’s Income tax?  These words and more tax...

History of Federal Income Tax Rates: 1913 – 2021

The United States federal government levies taxes on the income of its citizens and legal residents. The Internal Revenue Service (IRS) is the agency responsible for collecting these taxes.  Federal income tax rates have changed several times since 1913, when the...

Request an Appointment Today

13 + 1 =

Call us at

Pin It on Pinterest

Share This