After many years of being a part of our team, our first member of the firm, Bonnie Thompson, is retiring after 50 great years at Wright Ford Young & Co. Bonnie started working with WFY from the very beginning. She was a non-bookkeeper at first, but has advanced to our firm’s top bookkeeper. Not only was she the first WFY employee, she was the first receptionist, first bookkeeper, first audit assistant, first tax preparer, and so-on. Founder Bob Wright said “Bonnie is anyone’s dream employee. Bonnie advanced the firm to new heights from being a hard-working, dedicated team member and
Read More
Monthly Archives February 2021
CA Lawmakers Reach COVID Relief Deal Including Partial PPP Conformity
Richard A. Huffman, CPA, MST Tax Partner The long awaited recently announced California pandemic relief package includes the following benefit highlights for businesses and individuals: California partial conformity to federal tax treatment of Paycheck Protection Plan loans allowing companies to deduct up to $150,000 in expenses covered by the PPP loan (including Economic Injury Disaster Loan grants). Increase the funds available for the small business and nonprofit grant program (2018 or 2019 gross revenues less than $2.5M) from $500 million to more then $2 billion. Information regarding this grant program can be found at the following link: https://www.grants.ca.gov/grants/california-small-business-covid-19-relief-grant-program/. Two
Read More
Industry News and Newsletter and Updates.
accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, coronavirus, covid, covid relief, covid19, cpa, cpa firm, firm, irvine, newsletter, oc, orange county, pandemic, pandemic relief package, ppp, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.
accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, coronavirus, covid, covid relief, covid19, cpa, cpa firm, firm, irvine, newsletter, oc, orange county, pandemic, pandemic relief package, ppp, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.
The Most Common Anti-Fraud Control
Carissa DeLuca, CPA, CFE Audit Manager In the Association of Certified Fraud Examiners, Inc. (ACFE)’s Report to the Nations 2020 Global Study on Occupational Fraud and Abuse, they noted external audits of financial statements were the number one most common anti-fraud control in the small and large businesses they studied. However, the auditor’s responsibility regarding fraud is only to provide reasonable assurance that the financial statements do not include material misstatements due to fraud or misappropriation of assets. In fact, it’s management’s responsibility to design, implement and maintain internal controls that prevent and detect fraud. This is even more
Read More
Newsletter and Updates.
accountant, accountants, accounting, accounting firm, anti fraud, anti fraud control, audit, ca, california, certified public accountants, cpa, cpa firm, irvine, oc, orange county, so cal, southern california, tax, tax firm, taxation, wfy, wright ford young, and wright ford young & co.
accountant, accountants, accounting, accounting firm, anti fraud, anti fraud control, audit, ca, california, certified public accountants, cpa, cpa firm, irvine, oc, orange county, so cal, southern california, tax, tax firm, taxation, wfy, wright ford young, and wright ford young & co.
New Tax Senior Joins WFY’s Tax Department
Our new tax senior who will be joining our Tax Department at Wright Ford Young & Co. is Queenie Qin. We are excited to have Queenie join WFY. Welcome to the team! Queenie Qin In January, Queenie Qin joined WFY as a Tax Senior. She graduated Pepperdine University with her Bachelor’s degree in Accounting in 2017, and she graduated from UCI with her Master’s degree in Professional Accountancy in 2018. Her experience in accounting includes interning and working fulltime at another public accounting firm and her CPA license is pending. During her time off, she enjoys traveling and visiting her
Read More
Company News and Newsletter and Updates.
accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, cpa, cpa firm, irvine, new hires, newsletter, oc, orange county, southern california, tax, tax department, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.
accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, cpa, cpa firm, irvine, new hires, newsletter, oc, orange county, southern california, tax, tax department, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.