Blog
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 funds can be...
Storytelling: Why Some Business Ideas Catch On–And Others Don’t
Sometimes the success of a business idea and gathering support for it is accomplished through great storytelling, says Carmine Gallo, author of The Storyteller's Secret: From TED Speakers to Business Legends, Why Some Ideas Catch On and Others Don't. According to...
Lessons from Horses: Equines Inspire Business Leadership
Neurosurgeon, professor and horseman Allan J. Hamilton elaborates in his new book, Lead With Your Heart: Lessons From a Life with Horses, on the leadership lessons he's learned through his work with horses. Hamilton makes five important points: Agendas hurt...
Debt and taxes (and scams)
Chances are you or someone you know has received a phone call from someone claiming to be with the IRS. If you haven't first received an actual letter in the mail from the IRS, these calls are fraudulent and should be reported. (Taxpayers can register a complaint at...
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 This means periodically re-evaluating processes to ensure that they are not extraneous or outdated.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