In January, Wright Ford Young & Co. welcomed four new hires to our WFY team: Greg Lambourne, Ella Sanchez, Janeth Quinones, and Sam Martinez. Greg Lambourne is mainly working in our estate & trust department. Ella Sanchez, Janeth Quinones, and Sam Martinez will be joining our tax department as Tax Interns. WFY is excited to introduce these new hires to our team. Greg Lambourne In the beginning of January, Greg Lambourne joined our WFY team as a Senior Planning Consultant. He received his Juris Doctor degree from the University of Notre Dame and a degree in Economics with minors in
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Monthly Archives January 2022
Stopping CA SDI Withholding Can Help You Save
Thomas S. Kim, CPA Tax Director In California, if you are an officer and sole shareholder of a corporation, you can stop the California State Disability Insurance (SDI) withholding from your wages by making an exclusion election with the CA Employment Development Department (EDD). Depending on your wages, you can save up to $1,601.60 in 2022. For 2022 CA SDI withholding purposes, the taxable wage limit is $145,600 for each employee at 1.10%. Therefore, the maximum saving would be $1,601.60, if you qualify for this election. You can make the election by filing Form DE 459 (Sole Shareholder/Corporate Officer
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