Wood CPA Celebrates 3 Years!
This month, Wood CPA is celebrating a big milestone: three years in business! Three years might not seem like much, but for a small business, those first three years can be the difference
How Can I Lower My Tax Bill: 10 Tips For Small Businesses
As a small business owner, you might not be aware of all the deductions, credits, and other business income strategies that can help you lower your tax bill. That’s why we put together
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
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
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
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
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
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
What Happens When You Over-Contribute to Your HSA, IRA, or 401(k)?
Setting aside money for retirement or healthcare expenses through an IRA, 401(k), or HSA is a smart thing to do. So contributing as much as possible to these accounts is a great idea,
How To Choose Which Business Structure Is Best for You
When you start your own business, there are seemingly millions of decisions to make. From financial and legal considerations to hiring and training staff, it can feel like a lot. Of all of