Thinking ahead to tax season: Do you know what’s taxable?
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...
529 Plans: 2018 Tax Law Changes
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...
Estate Planning: Does it make sense to hire Cut-Rate Counsel?
One of the best gifts you can give your loved ones is the peace of mind that comes with a will and estate planning. In fact, at Nichols & Company, we encourage all of our clients to, at the very least, have a last will and testament. These days there are a...