Greenwood Ohlund, PS (GO), aims to change the field of accounting by providing traditional CPA services in innovative ways. This five-partner firm, situated just north of downtown Seattle, boasts a team of approximately 35 professionals who operate from remote home offices across the country. Established in 1971 by Dick Greenwood, the firm has remained relevant for 52 years by adapting
May 1st Extended Deadline Many individuals and businesses across Washington State have been affected by the severe storms, flooding and related disasters that began on December 9, 2025. If you or your family have been affected, we hope you are safe and have the support you need during this difficult time. To help reduce some of the resulting administrative and
BUSINESS SUMMARY 100% Bonus Depreciation Starting with assets purchased after January 19, 2025, businesses can once again fully deduct the cost of qualifying equipment, software, vehicles, furniture, and land improvements in the first year. This 100% bonus depreciation is now a permanent feature of the tax code. While this immediate expensing can significantly reduce your 2025 taxable income, it’s important
No Tax on Tips From 2025 to 2028, employees and self-employed individuals in certain occupations may deduct qualified tips on their personal 1040s, even without itemizing. Maximum annual deduction is $25,000, or for self-employed individuals, limited to net income from the business where the tips were earned. Married couples must file jointly to claim the deduction. No Tax on Overtime
For many small businesses, artificial intelligence still feels like something that belongs in the future or in larger, more technology-driven organizations. But that perception is changing quickly. Increasingly, lenders are not just evaluating historical financial performance — they are also looking at whether a business is prepared for the operational and competitive changes that AI may bring. That shift reflects
Running a business means making decisions every day that affect your future. Some choices are simple, but others depend heavily on the quality of your financial information. That is where consulting services in accounting become an essential support system for organizations that want steady growth, fewer surprises, and a clearer direction. If you have ever looked at your reports and
Here’s a question we hear constantly: “Do you think AI will replace accountants?” It’s showing up in our inbox. In consultation calls. In conversations with nonprofit leaders and business owners who are trying to figure out their next move. They’re reading about AI accountant tools that promise to automate bookkeeping, generate reports instantly, and flag financial anomalies before they become