Tax returns and tax return preparation is the report card of sound planning. At Nichols Accounting we work with you throughout the year and before year-end to access your objectives and create strategies that will deliver results. Do you want to save taxes? Do you have bank financing ratios that need to be maintained in the next year? What do you need to consider regarding your estate and trust? What retirement investment strategies could be utilized to help reduce tax liabilities and allow you to keep more of what you earn? We’ll answer these questions and more with proactive tax planning.
How We Deliver
At Nichols Accounting, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing, as well as recently altered tax laws.
You can expect to meet with us on an annual or quarterly basis depending upon the complexity of your tax planning needs to discuss, monitor and plan for desired outcomes.
How You’ll Benefit
- Ability to plan and manage outcomes instead of being the victim of surprise
- Proactive strategies that will help you achieve your goals
- Save taxes
- Increase wealth
- Manage risk
Whether you’re a sole proprietor, or a W-2 employee, at The Nichols Accounting Group, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing, as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws.
Click here for recommendations on how to calculate your W-4 withholdings.
How to Adjust your W-4?
To make changes to your W-4, see your company’s benefits department, or download a W-4 form from the IRS. You can also allow for deductions you take every year – such as mortgage interest, property taxes, and charitable giving – if you itemize. Increasing allowances will leave more in your paycheck, while decreasing allowances will withhold more.
When Should You Adjust Your W-4 Withholdings?
There is no limit on how often you can adjust your withholding, so complete a new W-4 if your life changes in a way that will affect your income taxes, such as:
- Starting a new job
- Having a baby
- Getting married or divorced
- Buying a new home
