Accounting for Life
Our goal is to help you achieve financial success.
Less taxing: Thought Leadership from N&Co
Attention: IRS Changes Mailing Address for 2025 Estimated Tax Payments
The IRS recently announced a mid-year change to the mailing addresses for individual estimated tax payments (Form 1040-ES). Because the change came mid-year, the addresses printed on your 2025 Form 1040-ES vouchers are no longer correct.
Client Newsletter
Big tax changes are here, and they could affect what you owe starting in 2025. From new rules on itemized deductions under the OBBBA to guidance on choosing the right business entity structure, expiring clean energy credits, and fast-approaching extension deadlines, there is a lot to navigate before year-end.
Big Changes Ahead: What the OBBBA Means for Your Itemized Deductions
The OBBBA introduces major tax changes, some starting in 2025, including elimination of the Pease limitation, increased SALT deduction caps to $40,000 through 2029, new charitable contribution floors, and temporary deductions for tips, overtime pay, and car loan interest. These complex changes require careful tax planning analysis.
About Nichols & Company CPAs
Our firm, based in Westerville, Ohio, has been providing vital accounting and tax services to individuals and small businesses for more than 30 years.
Our BizForward program—cultivated through our long-standing tradition of service, technical expertise, and forward-thinking solutions—was developed to support small and medium-sized business owners in strengthening and growing their business, from inception through retirement.