Monthly Archives January 2020

Six New Hires Join WFY Team

January 23, 2020 | by | Comments Off on Six New Hires Join WFY Team

Wright Ford Young & Co. is proud to announce we are adding six new hires to our team. We have Cheryl Shelton joining our estates & trusts department, and Brody Alcanter, Marzeh Khanjari, Rajbir Singh, Linh Trinh and Diane Waxler-Milne joining our tax department. WFY is pleased to welcome these new hires to our team. Cheryl Shelton In January, Cheryl Shelton started with WFY as an Estates & Trusts Supervisor in our estates & trusts department. She graduated from Cal State Fullerton and continued her education at Western State Law School. Cheryl has worked in accounting for over 15 years.
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, business, ca, california, certified public accountants, cpa, cpa firm, estates, firm, irvine, new hires, oc, orange county, tax, tax firm, tax law, tax planning, taxation, taxes, trusts, wfy, wright ford young, and wright ford young & co.

WFY’s 2019 Charitable Contributions

January 9, 2020 | by | Comments Off on WFY’s 2019 Charitable Contributions

For over 12 years, Wright Ford Young & Co. has made it a priority to contribute to many non-profits locally and nationally. Since 2007, WFY has been helping to give back by donating 1% of our gross revenues each year to charities as a way to help improve the lives of those around us and those less fortunate. We have donated over $1,253,000 since the program’s formation.  In 2019, WFY made donations to over 20 non-profit organizations – our biggest number of charities to date. We would like to thank all the organizations for everything they do and how much
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Categories: Company News and Newsletter and Updates.

Changes with 2020 Payroll Tax and Standard Auto Mileage Rate

January 9, 2020 | by | Comments Off on Changes with 2020 Payroll Tax and Standard Auto Mileage Rate

Bonnie Thompson Accountant   Beginning January 1, 2020, the following changes go into effect for the withholding of payroll taxes and reimbursement of auto mileage: SOCIAL SECURITY The wage base for withholding social security tax has increased to $137,700 The social security tax rate will be 6.2% for both employers and employees for a maximum expense of $8537.40 For Medicare, the rate is still 1.45% each for employers and employees with no limit this year. Continuing in 2020 employees earning in excess of $200,000 will be subject to a mandatory additional 0.9% Medicare tax withholding regardless of their individual tax
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Categories: Industry News and Newsletter and Updates.