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
Smart Strategies for RMDs, Roth Conversions, and Inherited IRAs As the year winds down, it’s the perfect time to review your retirement accounts and make a few smart moves that can lower taxes and set you up for success in 2026. Whether you’re retired, planning ahead, or managing an inherited account, recent IRS updates and SECURE Act 2.0 changes could
Navigating the Transition: Key Tax Considerations for Large Corporations As a business grows, crossing the threshold from a “small business” taxpayer to a “large” corporation brings significant changes to its tax and accounting obligations. Understanding these new requirements is essential for maintaining compliance and making informed financial decisions. This article outlines the key tax rules and accounting method changes that
Save More. Pay Less Tax. If you’re self-employed, planning for retirement might feel overwhelming but it doesn’t have to be. The right plan can help you lower your tax bill, grow your savings, and build long-term financial security. Below is a simple guide to the most common retirement plan options for self-employed taxpayers. These are popular choices, but other plans
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