mback@inovautus.com, Author at Payne Nickles & Company - Ohio Accounting Firm, Business CPAs & Advisors

4 Tax Planning Opportunities You Might Be Overlooking – Direct Indexing

At Payne Nickles & Company, we believe effective accounting goes far beyond compliance; it should be a strategic advantage for your business. Our approach focuses on more than just preparing tax returns and reviewing statements. We help our clients make proactive decisions all year long. This four-part series highlights practical—but often overlooked—strategies that can significantly …

Key points Business owners have retirement plan options beyond standard IRAs. Solo 401(k)s, SEP IRAs, SIMPLE IRAs, and cash balance plans can unlock powerful tax savings. The One Big Beautiful Bill (OBBB) introduces new deductions and planning opportunities. What Makes Retirement Planning Different for Business Owners? Running your own business comes with freedom and …

Key Points You can’t eliminate economic uncertainty but can prepare by setting clear goals and building flexible financial plans. Strong cash flow, diversified revenue, and adaptable operations create resilience. Policy changes like the One Big Beautiful Bill Act (OBBBA) show why regularly revisiting your plan is essential. How Do You Navigate a Shifting Landscape? …

Key Points: The SALT deduction cap will temporarily increase to $40,000 starting in 2025, creating short-term tax planning opportunities for high earners in high-tax states. Taxpayers with income between $500,000 and $600,000 may see reduced or no benefit due to phaseouts, making proactive income and deduction strategies essential. Business owners can bypass the SALT cap …

At Payne Nickles & Company, we believe effective accounting goes far beyond compliance; it should be a strategic advantage for your business. Our approach focuses on more than just preparing tax returns and reviewing statements. We can help our clients make proactive decisions all year long. This four-part series highlights practical—but often overlooked—strategies that can …

Key Points: Operating budgets manage short-term expenses like payroll and rent, guiding day-to-day business decisions and supporting cash flow. Capital budgets focus on long-term investments like equipment or software, which impact the balance sheet and require depreciation over time. Separating capital and operating budgets improves accounting accuracy, supports better tax planning, and aligns with 2025 …

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBB) into law, enacting one of the most comprehensive tax packages since the Tax Cuts and Jobs Act of 2017. The legislation introduces permanent structural reforms to individual income taxation, provides enhanced deductions and credits for businesses, and redefines the international and …

A significant change is coming to the way taxpayers interact with the IRS, and it’s important to be aware of the update. Starting September 30, 2025, an Executive Order will require that all payments to and from the federal government be made electronically. This means the IRS will no longer accept paper checks for tax …

At Payne Nickles & Company, we believe effective accounting goes far beyond compliance; it should be a strategic advantage for your business. Our approach focuses on more than just preparing tax returns and reviewing statements. We can help our clients make proactive decisions all year long. This four-part series highlights practical—but often overlooked—strategies that can …

Sandusky, Ohio — July 24, 2025 – Payne Nickles & Company, CPAs is proud to announce the promotion of two professionals to Senior Accountant, effective July 1: Jackie Maike and Adam Rogers. Jackie Maike joined Payne Nickles & Company in October 2023 as a Staff Accountant. Her work primarily focuses on bookkeeping, as well as …