Dec 18, 2025 | Tax Planning
Good news for taxpayers! The One Big Beautiful Bill Act (OBBBA) has introduced significant improvements to Health Savings Account (HSA) eligibility and adoption tax benefits. These changes allow more people to qualify for HSA contributions and make adoption more...
Nov 17, 2025 | Tax Planning
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.401(k) Contribution Limits...
Nov 5, 2025 | Tax Planning
With the current government shutdown affecting IRS operations, many taxpayers are wondering how this impacts their interactions with the agency. Rest assured, our team at Nichols & Company continues to serve clients without interruption and is here to help you through...
Nov 5, 2025 | Tax Planning
If you've been thinking about buying a new car, truck, or motorcycle, there's some good news on the tax front. The One Big Beautiful Bill Act (OBBBA) created a brand-new deduction that could save you money on your taxes—but only for a limited time.This temporary...
Oct 13, 2025 | Tax Planning
The One Big Beautiful Bill Act (OBBBA) passed earlier this year brought significant changes to the tax landscape, and the IRS just released the 2026 inflation adjustments that build on these reforms.While you shouldn't have to wade through complex tax bulletins and...
Oct 8, 2025 | Tax Planning
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...
