wood cpa recession proof

Recession-Proof your Business with these Tips

The current COVID-19 pandemic has brought a lot of uncertainty to our economy, with many businesses temporarily shuttered and millions of people facing unemployment. If you are a business owner, now is the time to prepare for recession. Read on to learn our best tips for recession-proofing your business so you can weather any economic.

Wood CPA Budgeting

Budgeting Strategies for Small Business Owners

An effective budget is a vital part of success for any small business. A good budget gives you a snapshot of the financial health of your business, provides structure for day-to-day decisions, and helps you plan for the future. To ensure that your budget is as effective as it can be, consider implementing the following.


The CARES Act and What it Means for You

In response to the COVID-19 pandemic, Congress recently passed an economic stimulus package called the CARES Act (Coronavirus Aid, Relief, and Economic Security). This bill includes stimulus payments, expanded unemployment benefits, changes to retirement accounts and charitable giving, and more. Let’s take a look at the different elements of the CARES Act and how they.

A Home Based Business Owners Guide to Accounting

A Home-Based Business Owner’s Guide to Accounting

As the owner of a home-based business, you likely take care of every aspect of your company, from big-picture planning to the day-to-day details. Accounting is one part of running a business that can often feel overwhelming, especially with everything else you have to do. We’ve created this guide with you in mind. Depending on.