Today, I want to show an example of an unusual even that had a very large tax impact. While this specific example is very rare, the principles behind the story apply to most of our clients. Every few decades there is always something really big that comes around that...
It is not an uncommon question to be asked what someone can deduct with their home. With the new tax laws, many answers are still quite similar, while the benefits may change for others. First the easy question, can I still deduct my home on my tax return. The answer...
Track Your Expenses Receipts are like free money when it comes to taxes. Many of the receipts that you acquire over the year are for goods and services that can be deducted on your taxes which offsets taxable income. Of course, it is a hassle to hang on to small...
You wouldn’t use a hammer to tighten a nut, would you? I also hope you don’t use a screwdriver to brush your teeth. For every task there are several different tools that we could use. Some are better than others, but there is usually one that stands out as the best...
As a tax professional, this question is often asked by my clients. With the passing of the Tax Cuts and Jobs Act of 2017 and the first major overhaul to our tax code since 1986, I thought it might be helpful to take a new look at this old question. One of the first...
🎄Holiday Cheer Alert! Molen & Associates Out of Office🎄
Hello and Happy Holidays!
Our Molen & Associates team is officially dashing through the holidays starting on December 20, 2024 and will return to office on January 2, 2025. We’ll be sipping cocoa, decking the halls, and recharging our calculators so we can start the new year fresh and ready to tackle all things tax & accounting!
In the meantime, feel free to drop us an email at info@molentax.com, and we’ll get back to you as soon as we are able.
Wishing you a joyous season filled with peace, laughter, and plenty of holiday treats. See you in the new year!
