Blog - Page 9 of 24 - Payne Nickles & Company - Ohio Accounting Firm, Business CPAs & Advisors

Do you need to make estimated tax payments?

By law, everyone must pay tax as they earn income. Generally taxpayers must pay at least 90 percent of their taxes throughout the year through withholding, estimated or additional tax payments or a combination of the two. If they don’t, they may owe an estimated tax penalty when they file. Some taxpayers earn income not …

2022-2023 Scholarship Recipients

Payne Nickles & Company, CPAs is proud to announce the scholarship winners for the 2022-2023 academic years! The annual scholarships are funded through an account established by Payne Nickles & Company, CPAs within the Huron County Community Foundation, and are available to any second, third, fourth- or fifth-year accounting major in Erie, Huron or the …

Implementing the new lease accounting standards for private businesses and non-profit organizations

During the uncertainty of the pandemic in 2020, the Financial Accounting Standards Board (FASB) granted a temporary reprieve for private companies, delaying their deadline for implementing new lease accounting practices. If your businesses or non-profit organizations have not yet adjusted how you report leases on your financial reporting documents, keep reading for more information to …

Client Spotlight: G.W. Samaha Antiques, An Era Sunsets with Retirement

For more than 60 years, G.W. Samaha Antiques has been a prominent part of the community in Norwalk and surrounding towns. Milan, Ohio became an important antiques destination after G.W. Samaha, Sr. began hosting antiques shows in the Milan Town Hall ballroom several times a year. The business was eventually handed down to G.W. …

IRS Increases Mileage Rates Reimbursements for Second Half of 2022

The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide. The new rates to calculate the deductible costs of operating an automobile for business and certain other purposes become effective July 1, 2022, and will remain in place …

The 7th Annual Community Shred Day

Our 7th Annual Community Shred Day is coming up: Save the Date! In partnership with Firelands Local (formerly CLI), Payne Nickles & Company is offering drop-off of documents for secure shredding at both offices in Norwalk and Sandusky on September 22, 2022, from 10 a.m. until 3 p.m. local time. View the full flyer below! …

Are You Up to Date on Travel Deductions as Business Travel Returns?

Business travel is back. COVID restrictions have eased, and in-person conferences are back on the calendar. And as more people return to offices, companies are warming to sending their employees on work trips. For many businesses, it’s been a minute since they’ve had to account for employee travel expenses. So it might be time for …

Don’t Overlook Cyber Insurance to Protect Cloud-Based Accounting

Technology has long made accounting easier, from the first adding machines to electronic spreadsheets to today’s cloud computing ecosystem. While recent advancements have allowed business owners and their accountants to collaborate efficiently from any location, they also created a growing cybersecurity risk that cyber insurance can help manage. Manage the Risk with Cyber Insurance Cyber …

Norwalk Rotary Pizza & More Event 2022

Payne Nickles & Company recently sponsored and volunteered at the Norwalk Rotary Club’s Pizza & More Event. This annual event helps the club provide donations for community projects like Stuff the Bus, Backpack drives, and local scholarships.

Save the Date: Free Confidential Document Shredding

Our 7th Annual Community Shred Day took place on September 22, 2022! Check out the results for this year below, and put a reminder to start collecting documents for our next Shred Event happening Fall of 2023.