Blog
Gen Z May Change How You Manage Employees
Is your workplace ready for Generation Z? Lately, many demographers and generation-focused marketing experts have been vocal about what they observe in Gen Z, the newest additions to the job applicant pool. With every new generation, there's an element of...
When is a Service Business Income Eligible for the New QBI Deduction?
The IRS has issued much-anticipated regulations addressing the new deduction of up to 20% of qualified business income (QBI) from pass-through entities. The QBI deduction was a major piece of the Tax Cuts and Jobs Act that was signed into law in December 2017. The...
2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting...
Tax Reform Seminar – Join Us!
Stay up to date with the latest developments in tax reform by attending the Nichols Accounting Group Tax Cuts and Jobs Act (TCJA) Tax Reform Update, on August 29th. Learn about what's happening in Washington that may impact you at both the Federal and State level...
Highlights of the New Tax Reform Law
The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers. Below are highlights of some of the most significant changes affecting individual and...
401(k) Retirement Plan Contribution Limit Increases for 2018
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who’re already maxing out their contributions is that the 401(k) limit has gone...
Accountants….Dancing???
Annually, The Nichols Accounting Group creates a holiday video to wish you, your families, and your employees, a very, Merry Christmas. This year, the holiday spirit has us overjoyed and yes, we're dancing. We're sorry. During this time, in lieu of gifts, the...
Accelerate Your Retirement Savings With a Cash Balance Plan
Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper...
Summer is a Good Time to Start Your 2017 Tax Planning and Organize Your Tax Records
You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you may avoid an unpleasant tax surprise when you file next year. Summer is also a good time to set up a...