Nichols & Company, CPAs

𝗢𝗵𝗶𝗼 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝟮𝟬𝟮𝟰 𝗦𝗮𝗹𝗲𝘀 𝗧𝗮𝘅 𝗛𝗼𝗹𝗶𝗱𝗮𝘆
Governor Mike DeWine announced the 2024 expanded Sales Tax Holiday will take place from 12:00 a.m. Tuesday, July 30 until 11:59 p.m. Thursday, August 8.

In conjunction with the Ohio General Assembly, 𝗚𝗼𝘃𝗲𝗿𝗻𝗼𝗿 𝗗𝗲𝗪𝗶𝗻𝗲 𝗲𝘅𝗽𝗮𝗻𝗱𝗲𝗱 𝘁𝗵𝗲 𝗹𝗲𝗻𝗴𝘁𝗵 𝗼𝗳 𝗢𝗵𝗶𝗼’𝘀 𝗦𝗮𝗹𝗲𝘀 𝗧𝗮𝘅 𝗵𝗼𝗹𝗶𝗱𝗮𝘆 𝘁𝗼 𝟭𝟬 𝗱𝗮𝘆𝘀 𝗮𝗻𝗱 𝘄𝗶𝗹𝗹 𝗮𝗹𝗹𝗼𝘄 𝘁𝗮𝘅-𝗳𝗿𝗲𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀 𝗺𝗮𝗱𝗲 𝗶𝗻-𝗽𝗲𝗿𝘀𝗼𝗻 𝗼𝗿 𝗼𝗻𝗹𝗶𝗻𝗲 𝗼𝗻 𝗮𝗹𝗹 𝗲𝗹𝗶𝗴𝗶𝗯𝗹𝗲 𝗶𝘁𝗲𝗺𝘀 𝗼𝗳 𝘂𝗽 𝘁𝗼 $𝟱𝟬𝟬.

“Ohio’s sales tax holiday, historically, has been meant to help families buy clothing and school supplies for the upcoming school year,” said Governor DeWine. “This expanded sales tax break will help Ohio’s families with back-to-school necessities as well as other substantial purchases during a time when so many household budgets are being strained.”

Previous sales tax holidays ran three days, included only school-related items, and offered much lower purchase price limits ($75 maximum on an item of clothing; $20 or less per item of instructional material and/or school supplies).

Ohio's sales tax holiday allows tax-free purchases made in-person or online. It does not include an exemption from sales tax for services or any purchase of watercraft, outboard motors, motor vehicles, alcoholic beverages, to***co, v***r products, or any item that contains ma*****na.

If you’d like more information about the 2024 sales tax holiday, please visit the Ohio Department of Taxation website, Frequently Asked Questions (FAQs), pertaining to the Sales Tax Holiday.

𝘚𝘰𝘶𝘳𝘤𝘦: 𝘛𝘩𝘦 𝘖𝘩𝘪𝘰 𝘚𝘰𝘤𝘪𝘦𝘵𝘺 𝘰𝘧 𝘊𝘗𝘈𝘴

Another tax season is in the books! Thank you to our clients for trusting us with your taxes once again.

After we closed the office Thursday, we held our annual end-of-season party and were so grateful the weather cooperated so we could enjoy our new outdoor space at 507. The evening was filled with games, laughter, and our very own Red Carpet Awards ceremony! Sure, some of the titles were a tad “unconventional,” but we love a good laugh. From Joe, the seasoned tax veteran of 47 years, to Mary bidding farewell after nine incredible seasons, every single attendee got their moment in the spotlight.

Here's to the memories made and the incredible team that demonstrates daily that We Love Tax Season!

N&Co is delighted to help support Bridgeway - Academy & Therapy Center's AmazeAbility Al Fresco event!

AmazeAbility Al Fresco 2024 could not be made possible without the collaboration of our very generous sponsors!🥳

Our Presenting Sponsor: Wright-Patt Credit Union
Our Event Sponsors: Huntington National Bank & Philipps & Graham, LLC
Our Food & Beverage Sponsors: Wine Trends & Zink Foodservice
Our Activity Sponsors: EY , White Castle , Lauterbach & Eilber, Inc. Bell Tree Productions, NorthStar Golf Club, Evolved Lighting & Energy, Elford Realty, and OPOC.us
Our Table Sponsors: Pepsi In The 614, Adena Corporation, Merrill Lynch , Schneider Downs, PNC, Precision New Media, Cottrill Surveying, Inc , Grove City Smiles, The Grove Pediatric Dentistry, Air Force One Headquarters, The Freetage Family, The Christensen Family, & The Nealy Family
Our Virtual Sponsors: Dwell Construction, Perez Morris, PRC-Saltillo, & Nichols & Company, CPAs

Thanks to you, every dollar made at AmazeAbility will go back to our organization!🤩

While we didn't close for the day, we did take a short break from preparing taxes to enjoy today's once-in-a-lifetime solar eclipse.

All we can say is "WOW!"

THANK YOU to FUSIAN Westerville for an amazing lunch buffet with sushi last Saturday! It was such a fun and delicious change of pace for us.

Many thanks to for naming Nichols & Company, CPAs their "Business of the Week" and treating us to a delicious lunch! We are so grateful!

"Hooray for the Bled, White and Blue!" A smaller version of this painting by art humorist Jeff Leedy Fine Art has always graced the N&Co offices.

When we moved to our new location, it was the perfect opportunity to commission a larger version to give our clients a big chuckle. If you visit us in the office, you can't miss this gem hanging behind the front desk!

Thank you to Mozart's for treating us to an assortment of goodies, both delicious and beautiful!

Today, on Employee Appreciation Day, we extend our sincerest gratitude to the exceptional members of our N&Co team.

In the midst of tax season's demands, our employees stand out for their dedication, resilience, and tireless efforts. Their unwavering commitment to excellence and willingness to go above and beyond never ceases to inspire.

Despite the challenges and long hours, they embody our core values each and every day. Their astuteness, collaborative spirit, innovative thinking, and relentless pursuit of improvement are the driving forces behind our success.

What truly sets our team apart, though, is their genuine passion and love for what we do, even during tax season's busiest moments. Their love of tax season is what makes our workplace truly special.

To our incredible N&Co team, thank you for your hard work, your dedication, and your unwavering commitment to excellence. We are immensely grateful to have such a talented and driven team by our side. Here's to celebrating you today and every day!

When you only work about 15 Fridays per year, you like to make them special. Today was our Chili Cook-Off! We had a variety of chilis, including original, white chicken and vegetarian. Congratulations to our winners: Rosie (1st Place), Cindy (2nd Place) and Chris (3rd Place)!

Today Shea and I’sha attended the Westerville Area Chamber of Commerce’s Women In Business luncheon. NBC4’s Anchor Jennifer Bullock spoke on the topic of 𝘉𝘢𝘭𝘢𝘯𝘤𝘪𝘯𝘨 𝘓𝘪𝘧𝘦, 𝘓𝘰𝘷𝘦, 𝘔𝘰𝘵𝘩𝘦𝘳𝘩𝘰𝘰𝘥 𝘢𝘯𝘥 𝘊𝘢𝘳𝘦𝘦𝘳 𝘸𝘪𝘵𝘩 𝘈𝘯𝘤𝘩𝘰𝘳𝘦𝘥 𝘙𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦. N&Co is proud to serve as a sponsor of the WIB luncheons, and Shea serves on their planning committee.

Last week we celebrated our colleague, Joe Schaefer. Joe and Schaefer & Associates joined N&Co in January 2020, just before covid changed the trajectory of tax season and delayed our welcome celebration for his team and clients.

Joe and his team have become an integral part of N&Co, and our new space was perfect for hosting this well deserved celebration.

Thank you to everyone who joined us!

We at Nichols & Company, CPAs would like to thank everyone who came out last Friday to celebrate and tour our new office space, and participate in our ribbon cutting. We were overwhelmed by your outpouring of support and encouragement. Such a warm response from community members and clients further confirms our decision to remain in Westerville. We are so grateful for your support and kindness.

If you weren’t able to attend our Open House, please feel free to come visit us in person sometime soon!

This weekend, we have been working hard to get moved into our new office, so that we are ready to serve you again on Monday.

We hope to be relatively settled by the time you join us Friday for our Office-Warming Party (starting at noon) and Ribbon Cutting (beginning at 1:30p). Please RSVP by Wednesday if you are able to join us. We hope to see you there!

It was 20 years ago this week that we moved to 115 Commerce Park Drive, and as luck would have it, this weekend we are moving again--to our new location at 𝟱𝟬𝟳 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗖𝗮𝗺𝗽𝘂𝘀 𝗗𝗿𝗶𝘃𝗲 𝗶𝗻 𝗪𝗲𝘀𝘁𝗲𝗿𝘃𝗶𝗹𝗹𝗲.

If you're in town, we hope you will consider joining us for an Office-Warming Party at Noon, followed by our Ribbon Cutting at 1:30pm. We would love to show you the new office and have you celebrate this new beginning with us.

𝗜𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗮𝗯𝗹𝗲 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗶𝘁, 𝗽𝗹𝗲𝗮𝘀𝗲 𝗥𝗦𝗩𝗣 𝗯𝘆 𝗝𝗮𝗻. 𝟭𝟬 𝘁𝗼 𝗮𝗹𝗶𝘀𝗼𝗻@𝗻𝗶𝗰𝗵𝗼𝗹𝘀-𝗰𝗽𝗮𝘀.𝗰𝗼𝗺.

N&Co was pleased to once again support the Westerville Sunrise Rotary Foundation's annual poinsettia fundraiser. We thought we would take advantage of all the beautiful flowers to wish our clients a very Happy Holidays! We are so grateful for you and look forward to working with you during the upcoming tax season.

Now is a great time for end-of-year tax planning though, so feel free to reach out if you want to discuss strategies.

𝗔𝗻 𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁!

𝗪𝗲 𝗵𝗮𝘃𝗲 𝗲𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗻𝗲𝘄𝘀 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲: N&Co's office building is now on the market! https://my.flexmls.com/rickrano/search/email_links/20230928202119467858000000/listings/20230927162805571877000000 As we prepare to move to a new Westerville location this winter, we're looking for the perfect business to take over and make 115 Commerce Park Drive their new home.

Since 2004, this location has been the heart of our business operations, and we're eager to see another enterprise flourish in this space. Westerville has been a fantastic backdrop for our success, and we believe it offers the same potential for others.

Please help us spread the word within your networks and communities. Let's work together to find the ideal tenant for this remarkable space. Feel free to reach out to us for more information, and thank you for your ongoing support.

115 Commerce Park Drive, A&B Free Standing, Brick Office Condo Building in North Westerville. Treed setting connectivity to Walk/Bike Path & 40+ Acre Hoff Woods Park. Easy access to Uptown, Shopping & Restaurants. 7,000+ Square Feet of Custom Renovated space. Vestibule entrance, Built-in Reception Area. 9' Ceilings, Flexible Fl...

𝗔𝗿𝗲 𝗬𝗼𝘂 𝗦𝘂𝗿𝗲 𝗧𝗵𝗮𝘁 𝗡𝗲𝘄 𝗘𝗩 𝗜𝘀 𝗖𝗿𝗲𝗱𝗶𝘁 𝗘𝗹𝗶𝗴𝗶𝗯𝗹𝗲? 𝗦𝗲𝗲 𝗧𝗵𝗲 𝗡𝗲𝘄 𝗥𝘂𝗹𝗲𝘀 & 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗙𝗼𝗿 𝟮𝟬𝟮𝟯

The Inflation Reduction Act (IRA) made significant changes to the electronic vehicle tax credit. The links below parse out important criteria for you to meet if you are considering the purchase of or recently have purchased a new EV. https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

Of particular note, the seller must provide the following report in order for you to be eligible for the credit: https://www.irs.gov/credits-deductions/clean-vehicle-credit-seller-or-dealer-requirements Please make sure that the seller’s report is provided at the time of vehicle delivery. 𝗜𝗥𝗦 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 𝗿𝗲𝗮𝗱𝘀 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗰𝗿𝗲𝗱𝗶𝘁 𝘄𝗼𝗻’𝘁 𝗯𝗲 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗶𝗳 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗲𝗿’𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 𝘄𝗶𝘁𝗵 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲 𝘃𝗲𝗵𝗶𝗰𝗹𝗲.

If you have additional questions about an EV tax credit, please reach out to your accountant. We want to help make your life !

𝗧𝗵𝗲𝗿𝗲'𝘀 𝗠𝗼𝗻𝗲𝘆 𝗢𝗻 𝗧𝗵𝗲 𝗧𝗮𝗯𝗹𝗲! 𝗜𝘀 𝗔𝗻𝘆 𝗢𝗳 𝗜𝘁 𝗬𝗼𝘂𝗿𝘀?

The State of Ohio recently released its 2023 Unclaimed Funds list. It’s worth taking a minute to search for your name, as well as friends and family members! https://com.ohio.gov/divisions-and-programs/unclaimed-funds/unclaimed-funds

Unclaimed funds are lost or forgotten money that businesses and banks report to the state after accounts become inactive and owners of the funds can no longer be located.

For a more comprehensive list, including all 50 states, you can also search on https://unclaimed.org/.

Wes, Gwen, Nate & Adam had fun supporting Westerville's Sunrise Rotary Club today at its 2023 golf outing, held at the Safari Golf Club. It turns out we're better at taxes than golf!

𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿 𝗙𝗼𝗿 𝗖𝗹𝗶𝗲𝗻𝘁𝘀 𝗢𝗻 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻: 𝗙𝗶𝗹𝗶𝗻𝗴 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 𝗔𝗿𝗲 𝗤𝘂𝗶𝗰𝗸𝗹𝘆 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗶𝗻𝗴

Business and personal income tax clients on extension for the filing of their 2022 taxes need to be aware that the final filing deadlines are quickly approaching. 𝟮𝟬𝟮𝟮 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗮𝗻𝗱 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗮𝗿𝗲 𝗱𝘂𝗲 𝗙𝗿𝗶𝗱𝗮𝘆, 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟭𝟱, 𝗮𝗻𝗱 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗶𝗻𝗰𝗼𝗺𝗲 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗮𝗿𝗲 𝗱𝘂𝗲 𝗠𝗼𝗻𝗱𝗮𝘆, 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟭𝟲. We look forward to the opportunity to help all our extended clients file their returns on time.

𝗜𝗻 𝗼𝗿𝗱𝗲𝗿 𝘁𝗼 𝗱𝗼 𝘁𝗵𝗶𝘀, 𝘄𝗲 𝗻𝗲𝗲𝗱 𝗮𝗹𝗹 𝗼𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝟮𝟬𝟮𝟮 𝘁𝗮𝘅 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 𝗮𝘀 𝘀𝗼𝗼𝗻 𝗮𝘀 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲. Additionally, we are on our summer schedule, so please allow for extra time as our office is closed on Fridays through the end of the year.

If you have any questions related to filing your extended tax return, please call the office at 614-891-5423. We are in the office Monday-Thursday, 8:30a-3:30p.