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.
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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 […]
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There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2016 contribution by December 31, the opportunity will be lost forever. We’re talking about Coverdell Education Savings Accounts (ESAs). How ESAs work With an ESA, you contribute money now that the […]
Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you give. To ensure your donations will be deductible on your 2016 return, you must make them by year end to qualified charities. When’s […]