For many business owners, years of hard work have gone into building a successful company. Yet one of the most important business decisions is often delayed until it’s too late: succession planning. Whether you plan to retire, sell your business, transition leadership to family members, or prepare for an unexpected event, a well-designed succession plan helps protect your company’s value, minimize tax exposure, and ensure business continuity. The best time to start isn’t when you’re ready to leave—it’s years before. Why Succession Planning Matters Without a succession plan, business owners may face unnecessary risks that can reduce business value and
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Posts by Chanelle Bosert
Wright Ford Young Recognized as a OneOC Civic 50 Honoree for 2026
Wright Ford Young (WFY) has been recognized as a OneOC Civic 50 Honoree for 2026, an honor that celebrates organizations demonstrating an exceptional commitment to community engagement, corporate citizenship, and social impact. OneOC’s Civic 50 program, in partnership with Points of Light, highlights businesses that use their time, talent, and resources to make a meaningful difference in the communities they serve. The recognition reflects WFY’s longstanding dedication to philanthropy and community service. WFY has earned Civic 50 Honoree distinctions in multiple years, underscoring its continued focus on giving back to Orange County through charitable contributions, volunteerism, and nonprofit support. At
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WFY Welcomes a New Addition to Our Audit Department
WFY is excited to welcome Brandon Mitchell to our audit department. Brandon brings a unique background, a passion for learning, and a client-focused mindset that will make him a valuable addition to our firm. Brandon Mitchell Brandon Mithcell joined WFY this month as our newest Audit Staff. Brandon earned his Bachelor of Arts in Economics from the University of California, Irvine before deciding to further his education by returning to school in 2025. He recently completed a Master of Accounting with a concentration in Data and Analytics from the University of Southern California, combining strong analytical skills with a deep
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WFY Recognized Among IPA’s Top 300 Firms and Fastest-Growing Firms of 2026
Wright Ford Young is proud to announce its recognition by Inside Public Accounting (IPA) as one of the Top 300 Firms in the Nation and one of the Fastest-Growing Accounting Firms of 2026. These prestigious recognitions reflect our firm’s continued commitment to delivering exceptional client service, fostering meaningful relationships, and helping businesses and individuals achieve their financial goals. Being named among the nation’s leading accounting firms is a testament to the trust our clients place in us and the dedication our team brings to every engagement. Our inclusion on the IPA Top 300 Firms list highlights WFY’s position among the
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Director of Business Developement Byron Culp Recognized as a WISEPlace Leader of Change
WFY is excited to share that Byron Culp, Director of Business Development, has been recognized by WISEPlace in the Orange County Business Journal article,“WISEPlace Recognizes Leaders of Change.” The feature highlights members of the WISEPlace Board of Directors who have demonstrated exceptional leadership and commitment to advancing the organization’s mission of ending homelessness for unaccompanied women in Orange County. As the county’s only nonprofit dedicated exclusively to serving this population, WISEPlace continues to transform lives through housing, support services, and advocacy. Byron has served on the WISEPlace Board since May 2022 and has been recognized for his unwavering dedication to
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WFY Welcomes New Professionals to Tax and Estate & Trust Teams
We are excited to welcome several talented new team members who bring strong academic backgrounds, early-career experience, and plenty of enthusiasm to our firm. Peter Chen Peter Chen joined our estate and trust department as an Estate & Trust Tax Supervisor. He is a graduate of Cal State University, Fullerton, where he earned his degree in Business Administration with a concentration in Accounting. Since graduating, Peter has built experience in accounting work and continues to grow his skills in the field. Outside of work, he enjoys traveling and exploring new places. Brandon Lua-Gudino Brandon Lua-Gudino joined WFY in June as
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Trump Accounts: New IRS Guidance Removes a Major Gift Tax Concern
Nancy Van Lanen, CTFA, EA Estate and Trust Tax Partner Valeria Barinova, Esq. Estate and Trust Tax Manager Trump Accounts continue to generate significant interest among families looking to save for a child’s future. Recent IRS guidance provides welcome clarity and removes one of the biggest concerns advisors had raised since the program’s creation: potential gift tax reporting requirements on account contributions. How Trump Accounts Work Trump Accounts are a new tax-favored savings vehicle created for children under age 18. Eligible children may receive a one-time $1,000 federal contribution, and parents, grandparents, employers, charitable organizations, and certain government entities
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WFY Managing Partner Jeff Myers Nominated for LA Times Studios’ 2026 OC Executive Forum & Leadership Awards
Wright Ford Young & Co. is proud to announce that Managing Partner Jeff Myers has been nominated for LA Times Studios’ 2026 Orange County Executive Forum & Leadership Awards, recognizing exceptional business leaders who are driving innovation, growth, and positive change throughout Orange County. The awards celebrate executives who have demonstrated outstanding leadership, professional achievement, and meaningful contributions to their organizations and communities. As Managing Partner at WFY, Jeff has helped lead the firm’s continued growth while fostering a culture centered on collaboration, integrity, and exceptional client service. His leadership has strengthened WFY’s reputation as one of Southern California’s premier
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Ask a CPA: 10 Tax, Accounting & Audit Questions Every Business Owner and High-Net-Worth Individual Should Ask in 2026
Successful businesses don’t wait until tax season to ask important financial questions. Throughout the year, business owners face decisions that can impact taxes, cash flow, growth, and long-term success. To help, we’ve asked our CPAs to answer 10 of the most common tax, accounting, and audit questions business owners are asking in 2026. Whether you’re planning ahead or looking for practical guidance, these insights can help you make more informed financial decisions. 1. The tax law changed in 2026. What should I be doing differently before year-end? “Proactive tax planning based on your unique circumstances is especially important this year.
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WFY Welcomes Three New Additions to Audit Department
WFY would like to welcome three new additions to our audit department this month. We are thrilled to welcome this group of people to our team! John Tran This month, John Tran recently joined Wright Ford Young & Co. as an Audit Staff member and is beginning his career in public accounting. He graduated from California State University, Long Beach with a Bachelor’s degree in Accounting and is excited to gain hands-on experience in the profession. John plans to pursue his CPA license as soon as possible and is looking forward to continuing his professional development. Outside of work, he
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