Accounting for Life
Our goal is to help you achieve financial success.
Less taxing: Thought Leadership from N&Co
2025 Year-End Tax Planning for Individuals
With the passing of the One Big Beautiful Bill Act (OBBBA), the Federal Reserve cutting interest rates, and inflation showing signs of moderating, tax planning remains as important as ever for taxpayers seeking to manage cash flows and reduce their tax liabilities over time.
2026 Retirement Contribution Limits: What You Need to Know
The IRS has announced the annual cost-of-living adjustments to retirement contribution limits for 2026. While these increases are modest, they provide additional opportunities for retirement savers to set aside funds for their future.
New Auto Loan Interest Deduction Plus Other Major OBBBA Tax Changes
If you’ve been thinking about buying a new car or live in a high-tax state, there’s major tax relief coming your way through the One Big Beautiful Bill Act. This comprehensive law creates new deductions for auto loan interest, increases standard deduction amounts, and temporarily raises the SALT deduction cap from $10,000 to $40,000—but these benefits won’t last forever.
About Nichols & Company CPAs
Our firm, based in Westerville, Ohio, has been providing vital accounting and tax services to individuals and small businesses for more than 30 years.
Cultivated through our tradition of service, technical expertise, and innovative thinking, our BizForward program has been developed to assist small and medium-sized business owners in both strengthening and growing their businesses, from inception through retirement.