Latest Updates and Insights from Greenwood Ohlund

GO News

Ballard Food Bank

Client Spotlight Q&A

Ballard Food Bank When did GO start working with Ballard Food Bank, and how has this partnership evolved over the years? GO has proudly partnered with Ballard Food Bank since 2010, beginning with onsite monthly accounting support. In 2020, our relationship evolved to providing their annual audit and Form 990 preparation. In what ways does the GO Team support the

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Business of the Year Award 2023:

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

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Insights

A New Tax Playbook: Washington’s Millionaires Tax and the Athlete Effect 

Washington State is on the verge of a major tax shift. Beginning in 2028, a new “millionaires tax” will apply to the state’s highest earners—marking a significant change for a state long known for having no income tax.  But one of the clearest ways to understand how this tax works isn’t through traditional taxpayers—it’s through professional athletes.  Because athletes deal with taxes across multiple states every season,

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May 1st Extended Deadline

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

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The One Big Beautiful Bill

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

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Resources

As a CPA in Seattle_ Heres How the Pacific Northwest Economy is Changing Financial Strategy

As a CPA in Seattle, Here’s How the Pacific Northwest Economy is Changing Financial Strategy

If you are running a business in Seattle, you are operating in one of the most dynamic and complex regional economies in the country. The Pacific Northwest has always had distinct characteristics, but in recent years, shifts in industry concentration, labor costs, regulation, and capital availability have started to reshape how you approach financial strategy. What worked even a few

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Through CAS Accounting Experience_ 5 Financial Systems That Stop Small Leaks from Becoming Large Losses

Through CAS Accounting Experience, 5 Financial Systems That Stop Small Leaks from Becoming Large Losses

As your business grows, financial complexity tends to increase quietly. What worked in the early stages often continues by default. Your reporting stays the same. Forecasting remains informal. Decisions are still made based on partial visibility. On the surface, everything appears stable, but over time, small gaps begin to form. These gaps are rarely obvious. You may notice them as

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Why Small Businesses Need an AI Strategy Before They Need a Loan

Why Small Businesses Need an AI Strategy Before They Need a Loan

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

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