Posts by Chanelle Bosert

Summary Analysis of Coronavirus Enacted Laws

April 1, 2020 | by | Comments Off on Summary Analysis of Coronavirus Enacted Laws

Richard A. Huffman, CPA, MST Tax Partner   With the recently enacted laws to help companies with the current Coronavirus pandemic, there has been confusion regarding which benefit programs will apply to what companies. In our efforts to assist you in which benefits can help you and your company, WFY has created a breakdown summary spreadsheet and flowchart below.    
Read More

Categories: Newsletter and Updates.
Tags: accountants, accounting, benefits, california, cares act, certified public accountants, coronavirus, coronavirus help, covid, covid19, cpa, cpa firm, family first corona virus act, irvine, orange county, paycheck protection program, payroll tax credit, payroll tax deferral, ppp, sba loans, tax, tax benefits, tax firm, wfy, and wright ford young.

The Senate and House Passes CARES Act of 2020

March 27, 2020 | by | Comments Off on The Senate and House Passes CARES Act of 2020

Richard A. Huffman, CPA, MST Tax Partner   On March 27th, 2020, the House passed an amended version of the Senate’s Coronavirus Aid, Relief, and Economic Security (CARES) Act sending to the President to sign into law. The Act provides a wide sweeping infusion of cash into the economy helping individuals and businesses during these extraordinary times.  Below is a summarized version of the Act explaining all the key details for individuals and businesses including the various loan programs. Direct financial help to individuals: Rebates of up to $1,200 for individuals and $2,400 for married couples.  People with children can
Read More

Categories: Industry News and Newsletter and Updates.
Tags: cares act, certiified public accountants., coronavirus, cpa, cpa firm, irvine, orange county, tax, tax firm, wfy, and wright ford young & co.

Quarterly Update: CPA Exam Passed by WFY Employees

March 5, 2020 | by | Comments Off on Quarterly Update: CPA Exam Passed by WFY Employees

Wright Ford Young & Co. enjoys recognizing colleagues and clients on their achievements and success. WFY enjoys the same opportunity to also recognize our employees by spotlighting those professionals on the WFY team that have made great strides to accelerate their career. Passing the Certified Public Accountant (CPA) exam is just one of those career enhancing accomplishments. We would like to congratulate the following WFY employees for recently passing all four parts of the CPA exam in the last three months: Manny Trelles – Tax Supervisor The California CPA exam is a rigorous licensing qualification to pass and has many
Read More

Categories: Company News and Newsletter and Updates.

WFY as Title Sponsor for VLI’s 2020 Lawyers for Warriors

February 6, 2020 | by | Comments Off on WFY as Title Sponsor for VLI’s 2020 Lawyers for Warriors

For the second year in a row, Wright Ford Young & Co. will be the Title Sponsor for Veterans Legal Institute’s annual Lawyers for Warriors Event. For years, Veterans Legal Institute has been providing pro bono legal assistance to homeless, at risk, disabled and low income current and former service members to eradicate barriers to housing, healthcare, education, and employment and foster self-sufficiency. Their core values are outreach, compassion, quality, leadership, and empowerment – values that fall in line with WFY’s values.  The Lawyers for Warriors Networking & Fundraising Event is a way to honor hero advocates who have contributed
Read More

Categories: Newsletter and Updates.

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.
Read More

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
Read More

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
Read More

Categories: Industry News and Newsletter and Updates.

WFY Donates Items to Orangewood Foundation’s Holiday Gift Drive

December 23, 2019 | by | Comments Off on WFY Donates Items to Orangewood Foundation’s Holiday Gift Drive

It’s a time for giving and WFY has done just that. This holiday season, WFY collected dozens of gifts to be donated to Orangewood Foundation’s annual Holiday Gift Drive. For every holiday season, the Orangewood Foundation collects items off a wish list they curated to help young adults transition from the foster system into independent adulthood.  Items such as pillows, cooking utensils, portable chargers, etc. are gathered by dozens of people each year.  This gift drive helps prevent the ongoing cycle of homelessness with young adults in the Orange County area which many experience in their lifetime. WFY makes an
Read More

Categories: Company News and Newsletter and Updates.

NYCM Runner Sabrina Reguero Raises Money for Team for Kids

December 12, 2019 | by | Comments Off on NYCM Runner Sabrina Reguero Raises Money for Team for Kids

At Wright Ford Young & Co., we are proud to support our community whether it’s locally or nationally. Sabrina Reguero, the daughter of WFY’s tax director Melodie Reguero, decided to run for a cause at the New York City Marathon on Sunday November 3rd. The marathon course started from Staten Island and went all the way to Central Park in Manhattan. Sabrina ran the 26.2 mile marathon in 5 hours and 7 minutes. She raised approximately $3,000 for the organization Team for Kids on her behalf, almost $400 more than her required minimum. WFY and its employees generously contributed to
Read More

Categories: Newsletter and Updates.

Tax Director Melodie Reguero on Tax Planning at Bruin Professionals

December 11, 2019 | by | Comments Off on Tax Director Melodie Reguero on Tax Planning at Bruin Professionals

On Wednesday, November 20th, our WFY Tax Director Melodie Reguero presented at the Orange County Bruin Professionals meeting. Ms. Melodie Reguero spoke on tips about year-end tax planning along with Cheryl Gee from UBS. Year-end tax planning is especially critical this time of year to proactively reduce a taxpayer’s risk exposure and tax liability before the new year. If you are interested in tips about year-end tax planning, read our article on Year-End Tax Saving Moves for Individuals. Reguero regularly attends Bruin Professionals meetings, which is diverse group of UCLA alumni who are established in business. The group focuses on
Read More

Categories: Company News and Newsletter and Updates.
Tags: accounting, bruin professionals, certified public accountants, cpa, cpa firm, orange county, tax, tax firm, tax planning, taxation, taxes, ucla, wfy, wright ford young, and year end tax planning.