Business Details
50+ Years
experience
Trusted Accounting Services in Magnolia, AR
For over 50 years, Wood & Wood has been a trusted partner for businesses and individuals seeking expert accounting and financial solutions. Established in 1961 in Magnolia, Arkansas, our firm has grown to serve clients across South Arkansas, East Texas, and North Louisiana. Our team of certified professionals combines decades of experience with cutting-edge technology to deliver accurate bookkeeping, tax preparation, payroll services, and strategic financial planning. We specialize in serving diverse industries, including non-profits, construction, legal firms, and medical practices, while maintaining a strong commitment to personalized service.As a member of the AICPAs Private Companies Practice Section and the Employee Benefit Plan Audit Quality Center, we uphold rigorous standards of excellence. Our mission is to help clients achieve financial viability today while proactively planning for long-term success through transparent communication and tailored advice. With three generations of CPAs leading our practice, we bring unparalleled continuity and expertise to every client relationship.
Services
Tax Preparation
Bookkeeping Services
Payroll Solutions
Audits & Reviews
Tax Relief Services
Non-Profit Accounting
Estate Tax Planning
IRS Representation
Financial Consulting
Business Accounting
Details
- Year established: 1961
Highlights and features
- We offer 50+ years of combined accounting expertise in South Arkansas
- Our team includes three generations of certified CPAs
- We provide tailored financial solutions for niche industries like non-profits and construction
- We utilize cutting-edge accounting software for real-time financial management
- Our membership in AICPA quality centers ensures rigorous audit standards
Associations and certifications
- Private Companies Practice Section of the AICPA
- Employee Benefit Plan Audit Quality Center
What people say
Experienced team
Personalized service
Long-standing reputation
Industry expertise
Reliable advisors
Services
Tax Preparation
We prepare individual and business tax returns while ensuring compliance with evolving regulations. Our team identifies legitimate deductions to minimize liabilities. Clients receive strategic guidance for future tax planning.
Bookkeeping Services
Our accurate bookkeeping maintains your financial health through organized records and real-time reporting. We use cloud-based software for accessible, secure accounting management tailored to your business needs.
Tax Relief Services
We resolve tax debt issues through payment plans, offers in compromise, and audit defense. Our discreet services help clients eliminate IRS liens, levies, and wage garnishments with professional representation.
Audits & Reviews
We conduct audits, reviews, and compilations with varying assurance levels for stakeholders. Our AICPA-certified services verify financial accuracy while meeting regulatory requirements for businesses and non-profits.
Payroll Solutions
Our comprehensive payroll management handles tax filings, wage reporting, and compliance. We ensure accurate employee payments while maintaining federal and state regulatory adherence for businesses of all sizes.
People
K. Dale Wood
Founder
Established the firm in 1961 after graduating from Southern Arkansas University. Pioneered technological adoption in accounting practices during his tenure.
Walter D. Wood
Managing Shareholder
Joined the firm in 1973, became CPA in 1980, and assumed leadership in 1985. Expanded service areas while maintaining core values of excellence.
William E. Wood
Third Generation CPA
Became the firm's third CPA in 2014, continuing the family legacy of innovative accounting solutions and personalized client service.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll, tax preparation, financial reporting, and strategic planning tailored to small businesses.
Do you specialize in any particular industries?
Yes, we serve non-profits, construction companies, legal firms, medical practices, and real estate businesses.
Can you help with IRS tax problems?
Yes, we offer tax relief services including IRS audit representation, payment plans, and lien/levy resolution.
What areas do you serve?
We primarily serve South Arkansas, East Texas, and North Louisiana from our Magnolia office.
Do you offer free initial consultations?
Yes, we provide complimentary consultations to discuss your accounting and tax needs.
