Accounting for Life
Our goal is to help you achieve financial success.
Less taxing: Thought Leadership from N&Co
2026 Retirement Contribution Limits: What You Need to Know
The IRS has announced the annual cost-of-living adjustments to retirement contribution limits for 2026. While these increases are modest, they provide additional opportunities for retirement savers to set aside funds for their future.
Client Newsletter
New tax rules, a major shift in how the IRS issues refunds, and an important reminder for S corp shareholders — this issue covers what you need to know right now. From a new auto loan interest deduction to mandatory direct deposit for tax refunds and critical W-2 reporting requirements for health insurance premiums, there’s something here for nearly every taxpayer.
New Auto Loan Interest Deduction Plus Other Major OBBBA Tax Changes
If you’ve been thinking about buying a new car or live in a high-tax state, there’s major tax relief coming your way through the One Big Beautiful Bill Act. This comprehensive law creates new deductions for auto loan interest, increases standard deduction amounts, and temporarily raises the SALT deduction cap from $10,000 to $40,000—but these benefits won’t last forever.
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.