Wood CPA

S Corp Status

S Corp Status: What it is, How to File, and How it Can Benefit Your Business Whether you just started your business or have been operating for some time as an LLC or

2021 Tax Changes to Look Out For

Adjustments to federal tax brackets, deductions, credits, and more are not new—they happen every year. This year’s changes are small and are largely related to inflation, but regardless it’s important to be informed

Ways to Prepare for Year-End Taxes

Can you believe 2020 is almost over? The end of the year means it’s time to prepare for the upcoming tax season. With economic shifts due to the COVID-19 pandemic and tax changes

2020 School Year Tax-Saving Tips for Parents

School looks a lot different for all of us this year. Whether you are sending your children to public or private school, doing in-class, hybrid, or distance learning, tackling homeschooling, or some combination