Accounting for Life
Our goal is to help you achieve financial success.
Less taxing: Thought Leadership from N&Co
Client Newsletter
This issue of Insights & Updates has something for everyone: tips on what volunteers can actually deduct at tax time, a reminder about your secure client portal, a big congratulations to a valued team member, and a heads-up on Ohio’s Back-to-School Sales Tax Holiday coming up August 7-9. There’s a lot inside! Keep reading to make life a little #LessTaxing.
Hiring family members in your small business: tax advantages and mistakes to avoid
Hiring family members can create real tax advantages for small business owners, but the rules depend on entity type, relationship, age, reasonable compensation, and payroll compliance. Here’s what to know before putting relatives on payroll.
Your HSA Isn’t A Debit Card: Building A Tax Efficient Healthcare Reserve
Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA can serve as a powerful long-term healthcare reserve. Read on to learn how to make the most of it.
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.