Aug 6, 2018 | Education, Personal Tax, Tax Planning
The tax laws have changed. Take Kiplinger’s Personal Finance Quiz to find out if you know what IS and what IS NOT taxable. If your results show you need more help with determining what is taxable, please feel free to give our office a call. Your accountant will be...
May 23, 2018 | Personal Tax, Tax Planning
For parents or grandparents, 529 plans can be a smart way to save for schooling. Here are recent legislative changes: Saving– Annual contribution limits double in 2018 from $2,000 to $4,000 per beneficiary. Paying for expenses– Beginning in 2018, 529...
Feb 19, 2018 | IRS, Personal Tax
Have you received a notice from the IRS, stating you owe money and/or have had penalties and interest applied? The IRS sends thousands of these letters to taxpayers every year. At Nichols & Company, we always recommend you send a copy of your notice to us and let...
Feb 5, 2018 | Personal Tax
Good news! If your move was job-related, you could be looking at some tax deductions. Here are some helpful tips to determine what is relevant: -The move must be within a year of your start date at the new job. -Your new job must be at least 50 miles farther from your...
May 2, 2017 | Personal Tax
Employees these days have a number of factors to consider when going into a new job and negotiating compensation. Is it better to have a higher salary and fewer stock options? Or a lower salary and more stock options? According to an informal survey conducted by...
