Sep 25, 2025 | Tax Planning
When it comes to filing your taxes, electronic is faster, safer, and—very soon—the norm. Under a federal modernization directive, the government is phasing out most paper checks for federal disbursements effective September 30, 2025. That means whether...
Sep 18, 2025 | Tax Planning
The IRS recently announced a mid-year change to the mailing addresses for individual estimated tax payments (Form 1040-ES). This update applies to payments being made in 2025—including the fourth-quarter estimated tax payment due January 15, 2026.Because the...
Aug 28, 2025 | Tax Planning
Here's a breakdown of the recent tax law updates, focusing on what's new for individuals, particularly those who itemize deductions. These changes affect your tax planning starting with the 2025 tax year.Key Changes to Itemized DeductionsNew Overall Limit on...
Aug 25, 2025 | Tax Planning
Starting a business is exciting, but choosing the right entity structure can feel overwhelming. The decision you make can impact your tax obligations for years to come, so let's break down the tax pros and cons of each option to help you make an informed choice.Before...
Jul 24, 2025 | Tax Planning
Signed into law on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ushers in a sweeping extension of many tax breaks first introduced by the 2017 Tax Cuts and Jobs Act (TCJA). Alongside those extensions, the bill introduces a host of new tax deductions, credits,...
Jul 22, 2025 | Tax Planning
When it comes to tax planning, most people think about deductions and credits during filing season. But some of the most powerful tax-saving opportunities happen long before you file—right in your employee benefits package.At Nichols & Company CPAs, we believe that...
