Big News for Our Firm

Big News for Our Firm

Nichols & Company, CPAs is pleased to announce that an established Worthington, Ohio CPA firm will be joining our office.

Joseph Schafer, CPA and Deborah Kohman, CPA, of Schaefer and Associates, CPAs, will continue to provide tax & accounting support to their current clients.

“Joe and I have similar approaches to helping people,” said Gwen Nichols, CPA and firm president. “We are pleased that our firm was chosen as the new home for Joe and his valued clients and employees.”

“We welcome this merger with Nichols & Company,” said Joe. “Their staff is well-positioned to allow us to provide a greater level of […] Read more

IRS Releases Mileage Rates for 2020

IRS Releases Mileage Rates for 2020

The IRS recently released the mileage rates for 2020. Beginning Jan. 1, the business mileage rate decreased one-half of a cent for business travel driven and three cents for medical and certain moving expenses as compared to the rates for 2019. The charitable rate is set by statute and remains unchanged.

 

2020 mileage rates:

 

57.5 cents per mile driven for business travel

17 cents per mile driven for medical travel

14 cents per mile driven in service of charitable organizations

 

More details can be found here.

[…] Read more