Accounting for Life
Our goal is to help you achieve financial success.
Less taxing: Thought Leadership from N&Co
New Auto Loan Interest Deduction: A Temporary Tax Break Worth Knowing About (2025-2028)
If you’ve been thinking about buying a new car, truck, or motorcycle, there’s some good news on the tax front. This temporary provision allows eligible taxpayers to deduct up to $10,000 per year in interest paid on loans for new, personal-use vehicles.
2026 Tax Changes: What You Need to Know About Next Year’s Key Adjustments
The One Big Beautiful Bill Act (OBBBA) passed earlier this year brought significant changes to the tax landscape, and now the IRS has released the 2026 inflation adjustments that build on these reforms. These aren’t just routine inflation adjustments – the OBBBA enhanced several key provisions beyond typical cost-of-living increases, creating new opportunities and considerations for tax planning.
Ohio Business Owners: Negative Funds Report Due November 1
Every year, Ohio businesses are required to file an Unclaimed Funds Report with the Ohio Division of Unclaimed Funds. Even if your business has nothing to report—no uncashed checks, unpaid vendor credits, or dormant customer balances—you still need to file what’s called a Negative Report by November 1, 2025.
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.