This blog was originally published on January 25th, 2022 but has been updated on January 18th, 2023. Tax season is upon us, which means it’s time to start preparations for your 2022 tax return. Whether this is your first or your fiftieth year filing taxes, preparing for tax season can be stressful and often frustrating.
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 between success and failure. And we’re proud to say that Wood CPA has proven itself to be very much a success! In.
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 a list of 10 quick tips to help you keep your income where it belongs: out of the government’s coffers, and in.
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.
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.
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.