by Molen & Associates | Aug 23, 2026 | Tax Planning
Most S-Corp owners think about their salary once — when they set it up — and rarely revisit it. That’s a mistake in both directions. Undercompensating yourself creates IRS audit risk. Overcompensating costs you unnecessarily in payroll taxes. The right number...
by Molen & Associates | Jul 26, 2026 | Small Business
Paying your children to work in your business is a legitimate tax strategy — not a loophole, not a gray area. The IRS explicitly allows it, and when done correctly, it shifts money from a high tax bracket to a low one (or eliminates tax on it entirely), while teaching...
by SEO | Sep 15, 2024 | Tax Planning
The Impact of 2024 FLSA Changes on Workplaces Explained 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...
by SEO | Sep 8, 2023 | Uncategorized
How Is the IRS Cracking Down on S-Corp Salaries? The IRS is turning its attention to S-Corporations (S-Corps) and the salaries paid to shareholder-employees. Ensuring that you are paying yourself a “reasonable compensation” is crucial to staying compliant...
by SEO | Nov 24, 2022 | Uncategorized
Benefits of Converting Contractors to Employees Independent contractors are a vital part of the American workforce. They work for themselves, usually providing services to other businesses. While this setup offers many advantages to both the contractor and the hiring...
