Tax & Accounting Services for the Small Business Owner
Professional Service, NationWide
Founded by Zach Nichols, the firm has provided nationwide business consulting and tax preparation from our Greenville office since 2019. Given our unique expertise and the efficiency of virtual relationships, our clients are primarily in North Carolina, Wyoming, and Washington, D.C.
We use secure client portals to safely exchange financial information, giving you access to excellent service and advice, while saving you time and resources. In-person appointments are nice, even better with donuts, but are not required. Yes, hugs and handshakes cannot be replaced, but phone calls, emails and video-conferencing allow great communication without chewing up a bunch of your time.
What We Do
Zach Nichols CPA consults with small business owners and tax clients on riveting topics like these-
- corporate structures for tax efficiency, flexibility and protection
- S corp elections (even late S corp election back to January 1 2019)
- Tax Cuts & Jobs Act of 2017 and pass-thru tax breaks (Section 199A Qualified Business Income Deduction)
- reasonable shareholder salary determinations
- tax advocacy, strategies and planning (bad news in August, OK… surprises in April, bad)
- business coaching to leverage more for you and your family, including lovely yet detached children
- retirement planning (SEP IRA v. 401k, defined benefits and cash balance plans)
- tax representation (wahoo)
Outside of typical business services, consultation and tax preparation, we have focused on three niche competencies for our Greenville based practice.
- Small business administration including S Corp elections and tax planning
- Rental properties, including investing strategies and management consultation
- Small business consulting and profit growth strategy
We protect the fortress by not doing everything, but everything we do, we do very well. We also leave room for the individual tax client who does not own a business but has complex tax issues needing expertise and wealth management. In general our client base is primarily comprised of consultants, engineers, financial advisors, physicians, chiropractors, doctors, surgeons, photographers (the profitable ones), attorneys, online retailers, real estate agents, good old fashioned widget makers, among several others. We also have several medical groups and financial advisor teams operating a tiered entity arrangement where each individual owns an S corporation.
I am not a salesman. I am not putting lipstick on a pig expecting you to love it. My job remains being professionally detached, giving you information and letting you decide.
We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.” Yes, it is fun to brag about how complicated your world is at cocktail parties, but let’s not unnecessarily complicate it for the bragging rights. Let’s be smart about it.
There is only one Earth that we can live on, so we need to take care of it. That is why we are committed to making as little environmental impact as possible. This mission is carried out by conserving paper, maintaining a small footprint, and donating 1% of revenue to an environmentally focused charity. Hopefully, we will soon be a member of 1% for the planet if I can get through their registration process.
Expectations for Our Clients
We select our clients on two important criteria. First, we expect our clients to be open, honest and responsive in communication. Second, we prefer to work with clients who view our partnership as a collaboration, where our challenges and successes are shared. Unlike transactional relationships, we’d rather work with you than for you. Having said that, we understand some people just want a transactional ‘latte’ and don’t want to get too involved with steaming the milk- that is OK too… we make an amazing latte.
Let us work together to develop and implement a proactive yet nimble plan for your future!
Thank you for visiting… Zach Nichols CPA, PLLC