As we approach the end of 2025, Wright Ford Young & Co CPAs is committed to helping our clients make informed decisions that minimize tax liability and maximize financial opportunities. Year-end tax planning is especially critical this year, given recent legislative changes and evolving strategies for high-net-worth individuals and business owners. Here are key moves to consider before December 31.

The Qualified Opportunity Zone (QOZ) program offers tax breaks to investors willing to make long-term investments in low-income communities. The program was previously scheduled to expire after 2026, but it's been revived and enhanced under the One Big Beautiful Bill Act. This article explains the basics, what's changing under the new law and recent IRS guidance.

Many businesses engage in transactions with related parties, such as the directors, executives, subsidiaries and even family members. This article explains how auditors evaluate related-party risks and how they modify their procedures to minimize the risk of material misstatement and ensure transparent reporting.

In November, WFY welcomed a new addition to our audit department: Freddy De Haro. Click her to learn more about our new hire.