Thinking about S-corp status? Learn when it makes financial sense, the pros and cons, and requirements — plus how you can use a CPA to help you decide.
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Thinking about becoming an independent contractor? One of your first considerations is probably taxes. And rightly so; the process of filing and paying taxes as an independent contractor is both different and moreRead More
Learn why accurate financial statements are crucial for small businesses. Understand P&L, Balance Sheet, and Cash Flow to make informed decisions and grow your company.
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As a business owner in the post-COVID era, you’ve probably wondered if you should hire an independent contractor instead of an employee. After all, there are lots of independent contractors and freelance workersRead More
When people invest in a CPA, they often want to know how to get the most value from the CPA’s services. What should they ask? What information should they provide? How involved shouldRead More
Many people are thinking about opening a franchise these days, and it’s easy to see why. Franchises are a smart business model that allows you to open your own business and be yourRead More
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 informedRead More
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 taxRead More
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 differenceRead More
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 togetherRead More
