Latest Updates and Insights from Greenwood Ohlund

GO News

AdaptX

Client Spotlight Q&A: AdaptX®

AdaptX Partnership & Growth How did AdaptX first begin working with Greenwood Ohlund, and how has the relationship evolved over time? Greenwood Ohlund came to us through a strong recommendation, and from the very first conversation, it was clear why. Brian Vinciguerra put us immediately at ease. He has a deep command of finance and tax, but more importantly, he

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University Child Development School

Client Spotlight Q&A: University Child Development School

When did GO start working with UCDS, and how has this partnership evolved over the years?
 GO has proudly partnered with UCDS since 2022 to support the school’s financial stewardship and long-term sustainability. Over time, that partnership has evolved alongside the school’s growth and continued focus on innovative education, strong governance, and mission-driven planning. In what ways does the GO

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Ballard Food Bank

Client Spotlight Q&A: Ballard Food Bank

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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PSBJ Washington’s Best Workplaces Award 2025

Greenwood Ohlund was thrilled to be recognized in the Puget Sound Business Journal’s list of Washington’s Best Workplaces in the small company category for 2025. Thank you to our GO team for all you do to make this a special place to work! “At Greenwood Ohlund, we believe what makes us a Best Workplace is our commitment to supporting our

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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

IRS Form 990 transparency changes affecting nonprofit fiscal sponsorship reporting

The Form 990 Rarely Changes – So Why Is Everyone Talking About Fiscal Sponsorships?

Key Takeaway: While no new Form 990 reporting requirements have been proposed, recent statements from the U.S. Department of the Treasury suggest the IRS is taking a closer look at how nonprofits receive and manage funding. Now is a good time to review your gift acceptance procedures—particularly for fiscal sponsorships—to ensure your organization is well positioned if future reporting or

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IRS Automatic Penalty Relief (AEP) illustration explaining penalty relief eligibility and First Time Abate for taxpayers in 2026.

IRS Automatic Penalty Relief (AEP): What Taxpayers Need to Know for 2026

Automatic Penalty Relief is a new IRS initiative designed to reward taxpayers with a strong compliance history. Rather than requiring eligible taxpayers to request penalty relief after receiving a notice, the IRS intends to apply qualifying relief automatically for certain penalties. The program is expected to reduce reliance on the long-standing First Time Abate (FTA) process for many taxpayers. The

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Jimothy the famous Ballard raccoon walking through a Seattle neighborhood, inspiring lessons about sudden business growth and financial planning.

Jimothy Goes Viral: What Seattle’s Favorite Raccoon Can Teach Small Businesses About Sudden Fame

Jimothy may not have a business plan, a bookkeeper, or even a permanent address, but his sudden rise to fame offers several surprisingly useful lessons for small and medium-sized businesses. The unusually shaped raccoon became a Seattle celebrity after videos of him wandering through Ballard attracted millions of views. Within days, Jimothy inspired social media accounts, artwork, merchandise, tattoos, a

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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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