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
Social media is full of quick tax tips, but many of them leave out important rules. Following incorrect advice can lead to penalties, back taxes, or audits. Here are 10 common social media tax claims and the truths behind the ideas. 1. “Write Off Everything If You Have an LLC” Truth: Having an LLC can open the door to valuable
Why This Matters As a U.S. taxpayer whether you’re a U.S. citizen, a permanent resident (green card holder), or someone who meets the substantial presence test, you may have international reporting obligations. These apply even if you’re living abroad, planning a move overseas, or holding foreign accounts or investments. Here’s the key point: these rules still apply even if you
As the calendar year comes to a close, many finance and leadership teams face the same annual challenge: closing the books accurately, on time, and with confidence. But when your internal accounting staff is already stretched thin or behind on monthly reconciliations, the year end accounting process can quickly become overwhelming. If you’re already behind now, year-end won’t fix itself
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