Happy Holidays! We are quickly approaching our favorite time of the year—Tax Season—and have some very important updates to share with you:
- There is still time for 2023 year-end tax planning, and planning is more important than ever. The IRS interest rate on underpayments has risen significantly, from 3% in 2020-2022 to 8% in the 4th quarter of 2023. This rate applies to any balance due for which you are not ‘penalty-proof’. Find our year-end tax planning guide on our blog.
- You asked for it: the pdf-fillable Tax Organizer is here! For those of you who prefer to print and fill out the organizer by hand, please be assured that printing the organizer is still possible.
As always your Tax Organizer serves as a guide to help you collect your documents with the option this year to submit your documents and your completed Tax Organizer electronically. This year your Tax Organizer will be emailed to you through SafeSend Organizers, which means it will come from Nichols & Company CPAs <noreply@safesendreturns.com>. The Tax Organizer and more details will be sent in early January, so watch your email.
We aim for 100% organizer participation this year, and have streamlined the form and the process in order to make your life #LessTaxing. If you’d like to preview the new Tax Organizer process, please visit the SafeSend page of our website and watch the SafeSend Organizer video tutorial. - Effective January 8th, we will be in our new office building at 507 Executive Campus Drive in Westerville, less than two miles from our current office. Near the end of the month, we will be mailing to each client a postcard with a map.
We recognize that the holidays can be expensive, so we plan to round out the year by sharing a few tax savings tips over the next few weeks. Watch for updates on:
- Qualified Charitable Donations
- Contributing to Scholarship-Granting Organizations
- Electric Vehicle Purchases
We are so grateful for the opportunity to work with you and make your life #LessTaxing! We also love to hear from our clients, so please reach out if we can assist you with anything: 614-891-5423.