Blog
Lean Six Sigma at Your Firm: Extra/Over-Processing
According to Debbie Foster, a partner with Affinity Consulting Group in Tampa, businesses need to implement a policy of Continuous Improvement. This means periodically re-evaluating processes to ensure that they are not extraneous or outdated. Foster says value is...
First-Time Abatement: An IRS Hidden Treasure
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...
I moved — Are any of my expenses tax deductible?
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...
The Best way to Learn Something is to do it
Today’s FFA is reaching across urban and suburban borders, but it is still teaching the fundamentals of “Learning to Do, Doing to Learn, Earning to Live, Living to Serve.” Read the full article at ofbf.org
Forbes: Resilience and action define powerful women
“Bias for action” is what sets today’s successful leaders apart from the crowd. Leaders also need the ability to move quickly, adapt and learn and grow from experience. Read the full article at http://www.columbusceo.com
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...
Are you really in business? Racing enthusiast lacked profit motive for racing business, finds Tax Court
Your hobby or your for-profit business venture? Sometimes it’s hard to differentiate how the government classifies what you are doing. Roger Russell at Accounting Today spells out the nine specific criteria used by the government to evaluate whether your business is...
Entrepreneurs– Commit Yourself to the Turn
Much like downhill skiing, changing direction in business requires “committing yourself to the turn.” If you stick with the turn and work through it, you’ll find yourself heading the right direction. However, if you waiver, you might find yourself facing a steep...
New Business? Which Entity Type is Right for me?
When establishing a business, it is important to consider what type of entity your business will be. Aren’t they all the same, you ask? Why no, they are not. Your accountant can be very helpful in determining what type of entity your business should be, as well as...