Blog | Nichols Accounting, Inc

Sep 1, 20222 min read

HOW LONG SHALL I KEEP MY RECORDS?

Federal law requires you to maintain copies of your tax returns and supporting documents for three years. The three years begin at the...

Aug 1, 20224 min read

All tax due dates assume that date falls on a business day. If the due date falls on a holiday or weekend, the due date will be the next...

Jul 1, 20221 min read

Updated February 2023 Business: 65.5 cents per mile Medical/moving: 22 cents per mile Charity: 14 cents per mile Taxpayers always have...

Jun 1, 20222 min read

Here's a handy list of tax deductible business expenses to get you started tracking. Scroll down if you're a trucker... there's a bonus...

May 1, 20223 min read

If you’re a homeowner, Uncle Sam has thrown you a tax shelter that’s beyond compare. You may deduct the mortgage interest paid on your...

Apr 1, 20222 min read

You’ve decided to start a small business working out of your home. Life is great and you can’t beat the commute. Now, how will this...