Woodson Accounting and Financial Services - WAFS

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06/12/2026

The entity structure your business is set up under right now could be costing you more than you realize.

LLC, S-Corp, C-Corp, sole proprietorship. Each one is taxed differently, protects you differently, and scales differently.

An LLC taxed as a sole prop pays self-employment tax on everything. That same LLC taxed as an S-Corp splits income into salary and distribution, and only the salary gets hit.

A C-Corp gives you access to benefits and deductions the others do not, but comes with double taxation if you are not structured correctly.

The point is not which one is best. The point is which one is best for where your business is right now, and where it is headed in the next two to three years.

The wrong structure at the wrong stage is a mistake that compounds every single year.

📅 Book a free consultation.
🔗 woodsonaccounting.com
📞 573-355-9035

You earn six figures but your tax bill still feels the same. The problem is not how much you make. It is where you put i...
06/12/2026

You earn six figures but your tax bill still feels the same. The problem is not how much you make. It is where you put it.

High-income earners who build real wealth do one thing differently: they spread their money across three buckets, each one taxed in a completely different way.

Tax-deferred: 401(k), Traditional IRA, SEP IRA. Grows without being taxed now, taxed when you withdraw. Best for high-earning years when your bracket is at its peak.

Tax-free: Roth IRA, Roth 401(k), HSA, municipal bonds. Grows tax-free and comes out tax-free. Best for years when your income is lower or you expect it to rise.

Taxable: Brokerage accounts, savings, real estate. Full flexibility, no contribution limits, but no tax shelter either.

The right mix depends on your income, your age, and where you want to be in ten years. If all your money is sitting in one bucket, you are leaving protection and growth on the table.

📅 Book a free consultation.
🔗 woodsonaccounting.com
📞 573-355-9035

⚠️ Payroll & ComplianceYou saved money paying them as a 1099. The IRS calls that something else.If you control when they...
06/11/2026

⚠️ Payroll & Compliance

You saved money paying them as a 1099. The IRS calls that something else.

If you control when they work, provide their tools, and they only work for you, that is not a contractor. That is an employee. And the IRS knows the difference.

Misclassification triggers back taxes, penalties and interest all at once. It is one of the most common audit flags for small businesses, and one of the easiest to prevent.

Three questions to ask yourself right now: Do you control their schedule? Do you provide their tools? Do they work only for you?

If you answered yes to any of those, it is time to reclassify before the IRS does it for you.

📅 Book a free consultation.
🔗 woodsonaccounting.com
📞 573-355-9035

You are leaving the easiest deduction in the tax code on the table.Retirement contributions. Most business owners do not...
06/09/2026

You are leaving the easiest deduction in the tax code on the table.

Retirement contributions. Most business owners do not use them. The ones who do save thousands every single year.

A SEP IRA lets you contribute up to 25% of your net self-employment income. A Solo 401(k) goes up to $69,000 per year. A SIMPLE IRA offers up to $16,500 plus an employer match.

Every dollar you contribute is a dollar off your taxable income, this year.

One decision in June changes three things: your tax bill drops in April, your retirement grows tax-deferred, and your business keeps more of what it earns.

If this has not been part of your strategy, now is the time to start.

📅 Book a free consultation.
🔗 woodsonaccounting.com
📞 573-355-9035

06/06/2026

Most business owners do not lose money on bad deals. They lose it in places no one is watching.

Subscriptions you forgot to cancel. Software you are paying for twice. Payroll errors that run for months before someone catches them. Bank fees, late payment charges, recurring charges for tools your team stopped using last year.

None of these are big numbers on their own. But add them up over twelve months and you are looking at thousands that just disappeared.

The fix: once a quarter, sit down with your bank statements and your subscription list.

Thirty minutes. Cancel what you do not use, flag what looks wrong. That is it.

The money your business is leaking is not hiding. You are just not looking.

📅 Book a consultation
🔗 woodsonaccounting.com
📞 573-355-9035

06/03/2026

📅 Tax Tip Tuesday

Q2 estimated taxes are due June 15. If you own a business in Missouri, this deadline applies to you directly.

Missing it does not just mean a late payment. It means penalties and interest that start building immediately, even if you settle everything in full afterward. The IRS does not wait.

If you are self-employed, run an LLC, or operate any kind of business and expect to owe more than $1,000 this year, quarterly payments are part of your financial responsibility.
This Tuesday tip is your reminder to get ahead of it before June 15 arrives.

Book a consultation. We will walk you through exactly what you owe and how to plan around it.

🔗 woodsonaccounting.com
📞 (573) 355-9035
✉️ [email protected]

05/30/2026

💡 Tax Education

If you are self-employed or own a business and you are only thinking about taxes in April, you are already behind.

The IRS collects quarterly. Q1 was April 15. Q2 is June 15. Q3 is September 15. Q4 is January 15. Missing any of these triggers a penalty, even if you pay everything in full at year end.

Freelancers, contractors, LLC owners and investors who expect to owe more than $1,000 this year are all subject to estimated payments. Not knowing does not exempt you.

Book a free consultation with Woodson Accounting. We will walk you through exactly what applies to you.

🔗 woodsonaccounting.com
📞 (573) 355-9035
✉️ [email protected]

05/27/2026

📅 Tax Tip Tuesday

Your tax bill is not just determined by how much you earn. It is determined by how well you track it.

When your books are disorganized, deductions disappear. Your accountant spends time cleaning up instead of building strategy. Expenses go uncategorized. Receipts get lost. And at tax time, all of that translates directly into money left on the table.

Clean, monthly bookkeeping is one of the most underrated tax strategies available to any business owner. It costs far less than the deductions it protects.

Follow Woodson Accounting every Tuesday for tips that actually move the needle.

🔗 woodsonaccounting.com
📞 (573) 355-9035
✉️ [email protected]

✅ Post-Tax ChecklistTax season is over. That is not a reason to stop thinking about taxes.The business owners who pay th...
05/23/2026

✅ Post-Tax Checklist

Tax season is over. That is not a reason to stop thinking about taxes.

The business owners who pay the least every year are not the ones who scramble in April. They are the ones who use May to set up the rest of the year.

Three moves that matter right now. Review whether your entity structure still matches your revenue level. Max out retirement contributions before the 2025 window closes. Talk to your accountant before any major purchase, hire or expansion this year.

One conversation now can save you significantly more than it costs.

Book with Woodson Accounting today.

🔗 woodsonaccounting.com
📞 (573) 355-9035
✉️ [email protected]

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500 E Walnut Street
Columbia, MO
65201

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