Blog
Employer Alert: Guidance for Employers on Coronavirus
Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe....
Nichols Accounting Announces New Boise Office
The Nichols Accounting group is pleased to announce the expansion of its Idaho presence by partnering with Ivey CPAs & Associates, effective January 1, 2020. The Nichols Accounting Group now has offices in Nampa, Idaho, Ontario Oregon, and Boise,...
Buddy the Intern – 2019 Nichols Christmas Video
The best way to spread Christmas Cheer is by counting loud for all to hear! To our clients, and friends - thank you for an amazing 2019. We wish you a happy holiday season, and look forward to all that 2020 promises. This year we are making a contribution to a...
Take Advantage of the Gift Tax Exclusion Rules
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal gift...
Fun Facts About Bob, to Celebrate His 600 Month Birthday
When Your Fearless Leader is 350 in Dog Years, You Should Throw two office parties for him. Find fun old photos and share them with everyone. Play some fun, harmless pranks. Decorate in black. A lot of black. NOT throw them a public party, as they refuse to...
Update on the New Business Interest Expense Limitation
The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. The IRS recently issued guidance in the form of proposed regulations. The business interest expense limitation is a permanent change for tax years that began in...
Expanding Retirement Plan Options for Small Businesses
A new final rule from the U.S. Department of Labor (DOL) clarifies some of the ins and outs of multiple employer plans (MEPs). These are defined contribution retirement plans — such as 401(k) plans — that are sponsored by an association or employer group on behalf...
Nichols’ Got….Talent!!!
You know we're good at taxes. You know we can get creative with tax planning. You know we can get mean with a balance sheet. But, you probably didn't know we had THIS kind of talent. Well world....we do. To our clients, and friends - thank you for an amazing 2018. ...
7 Year-end Tax Planning Moves for Small Businesses
Business owners still have time to significantly reduce their tax bills for 2018. Here are seven year-end moves to consider, taking into account changes included in the Tax Cuts and Jobs Act (TCJA). 1. Claim 100% Bonus Depreciation for Asset Additions Thanks to the...