Wrightbs

06/19/2026

OBBB Update: Charitable Contributions

New tax law updates may affect how charitable donations are deducted starting in 2026. Keep detailed records for every contribution.

06/17/2026

06/17/2026

S-Corp TikTok Advice Is Getting Out of Hand

Not every business needs an S-Corp. Good tax strategy starts with accurate numbers.

06/15/2026

Stop Spending Money Like Your Refund Already Hit

Cash flow matters more than assumptions. Spend based on facts—not future hopes.

06/13/2026

OBBB Update: Business Meal Deductions

Business meal deductions still require proper documentation, including business purpose and attendees.

06/11/2026

Loan Payments Are NOT an Expense

Here’s the truth:
Loan balances belong on the Balance Sheet.
Only the interest portion typically hits the P&L as an expense.

The principal portion reduces the loan liability not your profit.

Pro Tip:
Reconcile your loan accounts monthly using the lender statement so interest and balances stay accurate.

Need help cleaning up your books or fixing loan entries in QuickBooks?
Schedule a consultation:
https://scheduler.zoom.us/wbs9518

06/09/2026

Tax Season Is Not a Group Project

Waiting until the last minute to organize your books creates unnecessary stress, errors, and penalties.

06/07/2026

OBBB Update: Reporting Threshold Changes

Certain tax reporting thresholds have increased under recent legislation. Accurate bookkeeping helps avoid filing mistakes.

06/05/2026

Gas prices. Grocery prices. Insurance premiums.

Sometimes it feels like the villains are winning.

But one thing can never be taken away from you: knowledge.

06/05/2026

Stop Treating Your Business Like a Personal ATM

Healthy businesses require intentional spending and strong financial boundaries.