Accounting for Life
Our goal is to help you achieve financial success.
Less taxing: Thought Leadership from N&Co
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.
What the Government Shutdown Means for Your Taxes
With the current government shutdown affecting IRS operations, many taxpayers are wondering how this impacts their interactions with the agency. Here’s a clear breakdown of what’s available and what’s suspended.
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.
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.