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In the meantime, feel free to check out some of our most recent blog entries:
Taxes: 25 Fun Facts
Discover 25 Fun Facts That Make Taxes Interesting Now that tax season has officially begun, we thought it would be fun to start out the season with some fun tax facts. Enjoy! Did you know that in the U.K, everyone under the age of 75 years old must pay a tv license...
How will getting married change my tax situation?
The Financial Impact of Marriage on Your Taxes Getting married brings a lot of change for many people. Moving, changing names, beneficiaries, emergency contacts, insurance, bank accounts, and the list goes on. Your yearly tax return is one of those items on that list....
5 New Changes With the 2018 Law
Understanding the 2018 Law Revisions There is a lot of information out there with the new tax law changes, from various sources both from those in the tax business and those not in the tax business. Please be careful what you read from those not in the regular...
Why Do We Owe Taxes?
Know the Reasons Behind Our Tax Obligations Taxes have been around nearly as long as civilization itself. Historians have found tax records that go back to 6,000 B.C. in what is now Iraq. The ancient Greek, Egyptian and Chinese cultures all had their own versions as...
Why You Shouldn’t Set New Years Resolutions
Do you set New Years resolutions? Do you set a goal to lose the 10 pounds you gained over the holidays every year? Have you been working towards a promotion for years on end? Have you told yourself you are going to take a vacation for 3 years in a row but still...
5 Tax Tips for Small Business Owners
Tax Efficiency Tips for Small Business Success 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...
What Should I Do If I Get a Call From Someone Claiming to be With the IRS?
Understanding IRS Calls: What You Need to Know If you receive a phone call and the person claims to be with the IRS, the first thing you should do is ask for their name and badge number. Do not provide them with any answers to any of their questions or provide any...
How the new tax bill is changing the way you claim your children and other dependents
The New Tax Bill: What It Means for Your Dependents Taxpayers who claim dependents on their tax returns will be seeing some changes for the 2018 filing season. The passing of the Tax Cuts & Jobs Act (TCJA) included the removal of the personal exemption deduction...
Why Real Estate Professionals Absolutely Must Have Their 2018 Tax Return Professionally Prepared
A Guide to Professional Tax Preparation for Realtors With the passing of the Tax Cuts and Jobs Act (TCJA), 2018 is shaping up to be a good tax year for most self-employed individuals, including realtors. While in previous years you may have felt like you could make do...
I have a simple tax question, why is it so hard to answer?
The Frustration of Tax Questions: A Deep Dive Year round we get calls and emails from clients and perspective clients alike, many times with what is intended to be a simple tax question. “If I do this thing, can I write it off” is a very common one. Trouble is, there...
Small Business of the Year Award
Your Path to Recognition: Small Business Award Guide The Lone Star College SBDC has selected Molen & Associates as one of three finalists for the Small Business of the Year Award for 2018. With over 200 nominees participants, we greatly value being recognized as...
Tax Withholding Issues for Multiple Employers
Tax Withholding Solutions for Those with Multiple Employers Working for more than one employer, such as having a side job, can change your tax return more than you might expect. Filling out a W4 and determining your withholdings may not be as easy as you thought....
Accountant vs. Tax Preparer
Work Effectively with Your Accountant or Tax Preparer 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,...
Should I Pay Off My Home?
What Happens If I Pay Off My Home Early? 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...
The Most Important thing to Know Before Starting Your Own Business
Essential Factors to Consider Before Starting a Business You have a killer idea, or you’re really good at something, and you want to start a business. Did you know that according to the Small Business Administration (SBA), approximately 543,000 businesses are started...