Using this link has helped like no other. It's simple and easy to read and has some very helpful tips.
http://digital-photography-school.com/how-to-transfer-prints-to-wood-an-awesome-photography-diy-project
Supplies:
wood
paint brush
sponge
image that you want to use (has to be printed with a laser jet ink)
Gel Medium (I used Liquidex Gel Medium, comes with a red label)
1. Using your brush, apply a thin layer of Gel Medium to the wood surface.
2. Place your photo face down on the positioned wood.
3. Let it sit overnight.
4. Using sponge, peel away at the dried photo.
5. Peel, Peel, Peel!
6. DONE, YAY!!!
TIP: Image will transfer backwards on wood so if you want the photo to be a certain way, you'll have to print it reversed to begin with



