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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Posts by Chanelle Bosert
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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Cash Flow Management: The Lifeline of a Successful Business
While profitability often receives the most attention, cash flow is what keeps a business operating day to day. A company can report strong revenues and healthy profits on paper, yet still face financial challenges if cash is not available when needed. Effective cash flow management is one of the most important responsibilities of business owners and leadership teams, particularly in today’s evolving economic environment. Understanding Cash Flow Cash flow represents the movement of money into and out of a business. Positive cash flow occurs when incoming cash exceeds outgoing expenses, while negative cash flow occurs when expenses outpace available cash.
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WFY Announces Tim Smith as New Audit Partner
Wright Ford Young & Co. is pleased to welcome Tim Smith as its newest Audit Partner. The firm practices a full spectrum of accounting services for closely held companies and family business owners, including audit, tax, estates and trusts, and business consulting. Tim began his accounting career with a large international firm, where he spent 12 years serving a diverse client base ranging from closely held family-owned companies to large public corporations. Over the course of his career, he has developed extensive industry expertise in manufacturing and distribution, retail, consumer products, professional services, and construction industries. He has significant experienced
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8 Key Strategies to Implement for Your Mid-Year Tax Planning in 2026
By mid-2026, taxpayers have a valuable—yet often underutilized—opportunity to reassess their financial position and make proactive decisions that can materially impact their year-end tax outcome. Waiting until Q4 (or worse, filing season) limits your options. Effective mid-year tax planning is about using real-time data to optimize cash flow, reduce liabilities, and avoid surprises. Below is a structured approach to making the most of your mid-year tax review. Key Areas to Evaluate Income and Tax Bracket Management Start with a projection of total 2026 income: W-2 wages Business or self-employment income Investment and capital gains Rental income Planning opportunities: Accelerate or
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