Latest Updates and Insights from Greenwood Ohlund

Best Places to Work

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

Smart Estate Planning in Washington: Tips to Protect Your Legacy

Big changes in 2025 bring new opportunities and some risks for Washington families. If your estate is over $3 million, now’s the time to plan. This guide breaks down what’s new, what it means for you, and how to protect your wealth and your loved ones. Quick Tax Snapshot Features Federal Washington Exemption Amount $13.99 million (2025), $15 million* (2026)

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Government Shutdown: IRS Operations and Impact to Taxpayers  

As the federal government shutdown drags on, many taxpayers are asking the big questions: “Does this mean I don’t have to file my tax return?” and “When will my refund show up?”   If only it were that simple.  1. Tax Deadlines Remain Unchanged  The lights may be off, but the deadlines are still on. If you filed for an extension

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IRS is Ending Paper Refund Checks: What You Need to Know

IRS Zero Paper Initiative: The End of Paper Checks The IRS has officially confirmed that paper tax refund checks for individual taxpayers will begin to be phased out as of September 30, 2025, in compliance with Executive Order 14247. Here’s a breakdown of what the IRS is saying and what you should do now to stay ahead of the changes.

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Resources

financial statement audit

How To Prepare For Audited Financial Statements Without The Stress

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

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business profitability analysis

How To Measure True Business Profitability (And Make It Last)

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.

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CPA and bookkeeping services

Is Your Bookkeeping Holding You Back? 5 Signs You Need CPA Bookkeeping Services

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

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