You might think keeping financial information under your hat is best for your business, but learning to share could help you and your employees achieve your business goals. AUGUST 04, 2014 Some years ago, I hired an attorney to represent me on a small matter. He was young and very successful, expanding quickly and running [...]
About Nichols Accounting
PartnersWe understand that you need a partner to deliver innovative services and ensure access to timely information that will enable you to make critical business decisions. A partner that takes the time to get to know you, and expects you to spend the time to keep them informed. Partners that can help you automate everyday processes, and maximize efficiency and productivity. Someone who acts like an extension of your own staff and is accessible, accountable, and available as needed.
ExecutionOur promise is a year-round forward focus that achieves specific outcomes by design, not by chance. Results oriented, quality financial assistance is an investment where returns are measured in preparedness, tax savings, and consultation that positions you to meet your financial objectives.
News Articles - News Feed
The very name “internal control” poses a problem for companies when they deal with outsourced providers. This internal responsibility for external functions has become one of the biggest challenges for companies in the 2013 update of the widely used internal control framework created by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). COSO [...]
An anonymous couple in California’s “gold country”—named after the 1849 Gold Rush—found $10 million in rare gold coins buried in cans on their property. Why stay anonymous? They don’t want people digging on their property. After all, this is the biggest and best coin discovery in U.S. history. So said Davis Hall of Professional Coin [...]
Latest Blog Feed
Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the Internal Revenue Service announced today. Farmers and ranchers who due [...]
Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a vehicle used in business, it’s not unusual for its tax basis to be higher than its value. If you trade a [...]