Angie Wood, CPA

6 Professionals Every Small Business Should Work With To Thrive

Running a successful business requires taking on a multitude of responsibilities. But with all your other high-level tasks you have to handle as a business owner, you can’t be expected to do it all on your own.  Many businesses choose to outsource certain responsibilities to both lift the burden off of themselves and to make.

The Importance of Professional Bookkeeping for Small Businesses

For small businesses, bookkeeping is an essential part of the tax planning process. Bookkeeping involves keeping track of your company’s financial transactions on a regular basis. With an organized log of all business expenses, you’ll be able to make accurate financial decisions and tax preparations. Key Takeaways:  Bookkeeping and accounting are technically two separate services–but.

Need a CPA? You Probably Also Need Business Advisory Services

Many people who seek out CPAs simply want their tax return filed. But there are plenty of online tax preparation services that can help you file your taxes. You don’t necessarily need to enlist the services of a Certified Public Accountant for that.  So when do you need the services of a CPA? Well, most.

Tax Planning 101: Tips for Individuals and Businesses To Maximize Tax Breaks

There’s no escaping it: everyone has to deal with taxes. At best, it’s a mildly stressful experience. At worst, it can be overwhelming. But what if we told you it doesn’t have to be? What if, with the right amount of tax planning and support, tax season could actually be an organized, straightforward, even easy.

What Does Your CPA Do When it’s NOT Tax Season?

For many folks, the only time they see their certified public accountant is during the weeks leading up to April 15th–also known as Tax Day. But what exactly do they get up to after that?  Much like we used to assume our school teachers lived in their classrooms and evaporated into thin air once summer.

Inheritance Taxes in Minnesota: What You Need To Know

There are several different ways an inheritance can be taxed in the North Star State. Whether you’re preparing your own estate or have found yourself the beneficiary of one, it’s important that you understand all the tax implications (including any potential tax breaks) so you can plan accordingly. At Wood CPA, we make sure our.

Your 1099 Form Questions Answered: What They Are, Who Should Get Them, and More

If you are a business who utilizes the services of independent contractors, freelancers, or other non-employees, 1099 forms are likely already on your radar. The same is true if you are one of those independent contractors or freelance workers. But, as with many tax forms, 1099s can be confusing. Read on for answers to the.