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Sherwood Tax and Accounting

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Sherwood Tax and Accounting

We are your hometown bookkeeping and tax firm with a global reach!

03/11/2026

📝 Need a W-9 Form? Go Straight to the Source

If you’re working with vendors or contractors, the W-9 form is how you collect the info you’ll need for 1099s later on. The most reliable version always comes straight from the IRS.

We link out to official IRS forms and resources (including the W-9) on our website so you can grab what you need without hunting all over the internet.

🔗 Find trusted tax resources here:
https://www.sherwoodtax.com/tax-resources

Current clients: not sure when you need a W-9 or how to use it for your business? Reach out to your Client Success Manager and they’ll help you sort it out.

02/16/2026

So many business owners dread taxes—that doesn’t have to be you.

-Doyou feel overwhelmed by taxes and worry about the IRS?
-Do you get a lot of conflicting advice from peers, internet gurus, and strangers?
-Do you want to work with a professional, but worry your books aren’t up to s***f?

The solution? Year-round guidance for your small business, so tax season is just another day in the woods.

Visit us at SherwoodTax.com today to get started

02/14/2026

Happy Valentine’s Day from Sherwood Tax!

02/11/2026

Need to make a federal tax payment? Use IRS Direct Pay — it’s fast and secure.

Find it (and other essential tax resources) on our website: https://www.sherwoodtax.com/tax-resources

02/09/2026

We don’t “file it and forget it.”
At Sherwood Tax & Accounting, we come alongside you in your business—so your taxes and books actually support your goals, not stress you out.

Our tech-forward process makes tax prep simple, and our high-touch approach means you’ve got a full team in your corner. Because we’re a small business too, we get what you’re juggling—and we’re here to help you succeed in business and life.

Ready to breathe a little easier knowing your taxes are in good hands?
👉 Get started today: https://www.sherwoodtax.com/

02/06/2026

As the 2026 tax season gets underway, many taxpayers and preparers alike are exploring how artificial intelligence can help with accuracy and efficiency. But, there’s also a clear need for caution. Experts highlight that while AI tools can streamline certain tasks, they may also introduce privacy and accuracy risks if used without proper oversight and professional guidance.

At Sherwood Tax, we believe in harnessing innovation responsibly. Technology can be a powerful ally in tax planning and compliance, but it must be paired with trusted expertise to protect both data and outcomes.

Read More: https://www.usatoday.com/story/tech/2026/02/02/tax-season-ai-safety/88478556007/

02/04/2026

Protecting your small business from fraud is crucial. It safeguards financial assets, maintains customer trust, and ensures the company's long-term viability.

Here are some tips for protecting your business from financial fraud!

02/02/2026

Avoid These Common Tax Filing Mistakes! 📝

Tax season is stressful enough—don’t let avoidable errors make it worse. Here are some frequent filing mistakes and tips to prevent them:

❌ Missing or Incorrect Information: Double-check your Social Security number, address, and bank details.
❌ Overlooking Deductions or Credits: Research eligible deductions or consult a professional to avoid leaving money on the table.
❌ Filing Late: Mark those deadlines! Filing on time helps you avoid penalties.
❌ Math Errors: Use tax software or a professional to avoid simple miscalculations.

✅ Pro Tip: Double-check all forms and documents before filing to ensure accuracy!

At Sherwood Tax & Accounting, we help you file with confidence and avoid these costly mistakes. Let’s make tax season as smooth as possible! Visit us online at www.sherwoodtax.com

01/30/2026

Time your income and expenses strategically, not just annually.

Many business owners focus on tax planning once a year, but meaningful savings often come from quarter-by-quarter income and expense timing, especially for pass-through entities.

For example, accelerating deductible expenses or delaying invoicing can reduce current-year taxable income, but only when it aligns with cash flow, entity structure, and upcoming tax law changes. In some cases, doing the opposite, recognizing income sooner or deferring deductions, can be smarter if tax rates or business profitability are expected to rise.

This strategy becomes even more powerful when paired with:
-Entity-specific rules (S corp vs. partnership vs. Schedule C)
-Bonus depreciation and phased-out deductions
-Estimated tax planning to avoid penalties and overpayments

The key is that timing decisions should be intentional, modeled in advance, and revisited throughout the year, not made reactively at filing time.

For business owners, proactive tax planning is rarely about one big write-off. It’s about making dozens of smaller, well-timed decisions that compound over time.

If questions come up or circumstances change during the year, your Sherwood Tax team is always available to talk through how those shifts may impact your tax plan.

01/28/2026

Tax accounting often leaves business owners feeling overwhelmed and nervous that they’re “doing it wrong.” We’re here to change that.

We create custom, year-round services to help our clients reach their goals and feel good about their taxes. We prioritize our clients’ success. When you walk into our office, you can relax, knowing you’re taken care of.

Start the conversation today at www.sherwoodtax.com

01/26/2026

The IRS has officially announced that the 2026 tax filing season will open on Monday, January 26, 2026. This year also brings several new tax law provisions from the One, Big, Beautiful Bill, which may affect federal taxes, credits, and deductions for 2025 returns.

Taxpayers have until Wednesday, April 15, 2026, to file their 2025 tax returns and pay any taxes due. The IRS expects to receive approximately 164 million individual returns, with most filings submitted electronically.

As filing season gets underway, now is a great time to ask questions, clarify changes, and make sure you are prepared. Sherwood Tax clients are encouraged to reach out to their Client Success Manager with any questions or concerns so we can help you stay informed, organized, and confident throughout the filing process.

We are here to support you every step of the way this tax season.

www.sherwoodtax.com

01/23/2026

As we move through the 2026 filing season, Sherwood Tax wants to address ongoing misinformation circulating online regarding the deductibility of personal expenses, specifically claims about writing off the cost of a private chef as a business expense.

A popular tax influencer has suggested that hosting frequent business meetings at home, even involving family members who sit on a board, allows the cost of a private chef to be deducted. This guidance is incorrect and has been widely cautioned against by reputable tax professionals across the industry.

Two key sections of the Internal Revenue Code make this clear.

Section 162 allows deductions only for expenses that are both ordinary and necessary to operating a business. Daily meals prepared in a private residence, particularly when involving family members, do not meet this standard and would be difficult to defend under audit.

Section 262 explicitly disallows deductions for personal, living, or family expenses unless the tax code clearly provides an exception. Recharacterizing household food and meal preparation as a business expense is not permitted.

Additionally, tax court precedent reinforces this position. In Fitch v. Commissioner, the court ruled that meals involving only spouses are personal in nature and not deductible, even when business is discussed.

Tax planning should always be based on the law, not viral advice. If you have questions about what is deductible in 2026 or want to ensure your return is compliant and defensible, Sherwood Tax clients are encouraged to reach out to their Client Success Manager for guidance.

Sound tax advice protects your business today and in the years ahead.

Address

22467 SW Ash Street
Sherwood, OR
97140

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm

Website

http://www.sherwoodtax.com/

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