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
We’ve seen it time and time again: a nonprofit suddenly learns their biggest funder now requires audited financial statements—and they have just six weeks to deliver. The panic is real. ‘Our books are a mess,’ they admit. ‘We don’t even know where to start, and we’re terrified of what the auditors will find.’ Sound familiar? The truth is, being audit-ready
I’ll let you in on a secret that took me years to learn: measuring if your business is truly profitable isn’t just about counting the money in your bank account at month’s end. Real profitability analysis goes much deeper than that surface-level check. Here’s what I see happen all the time. Business owners get excited because they’re bringing in revenue.
Your bookkeeping system should be the backbone that supports your organization’s growth, not the bottleneck that prevents it. Yet too many nonprofits and small businesses find themselves wrestling with financial chaos instead of focusing on their core mission. We’ve seen firsthand how poor bookkeeping practices can silently sabotage even the most well-intentioned organizations. The good news? These problems are entirely