Since 2019 is coming to a close now is the time to take action to proactively reduce your tax liability before the new year. Included are a few strategies that may help with your tax situation: Harvest stock losses while substantially preserving one’s investment position. This can be accomplished by selling the shares and buying other shares in the same company or another company in the same industry to replace them, or by selling the original shares then buying back the same securities at least 31 days later.2. Apply a bunching strategy to deductible contributions and/or payments of medical expenses.
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Archives for Newsletter and Updates
WFY Sponsors TACA’s 13th Annual Ante Up for Autism Benefit Gala
WFY was proud to be a Full House Sponsor of TACA’s 13th Annual “Ante Up for Autism” benefit gala. The Autism Community in Action’s (TACA) Orange County chapter held its 13th annual “Ante Up for Autism” fundraising gala on Saturday October 26, 2019 at the Waterfront Beach Resort in Huntington Beach. Wright Ford Young & Co. was proud to continue its long standing support of TACA through a program sponsorship of the very successful event. TACA is a national nonprofit 501(c)(3) organization founded in 2000 by Glen and Lisa Ackerman with the mission to provide education, support and hope to
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Company News and Newsletter and Updates.
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WFY Partner Kahni Bizub as Panelist at 2019 Business Owner Summit
On November 8th, WFY Senior Tax Partner, Kahni Bizub, will be one of the panelists for WealthWise Financial Services’s 2019 Business Owner Summit. The 2019 Business Owner Summit is a day-long event which includes discussing topics such as scaling your business, income tax strategies, retirement plans strategies, and more. The keynote speakers are Jacob M. Gerber, an equity & multi-asset investment director, and E. Luke Farrell, a fixed income investment director. Kahni Bizub’s specialty is tax planning and compliance services for closely-held and family-owned businesses and their key executives in the service, manufacturing, and distribution industries. She has served some
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Company News and Newsletter and Updates.
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WFY Title Sponsors Veterans Legal Institute’s Lawyers for Warriors Event
Wright Ford Young & Co. had the privilege of serving as the title sponsor to the Veterans Legal Institute’s annual Lawyers for Warriors event on Monday, September 23rd. Senior audit partner Jeff Myers spoke on Wright Ford Young’s behalf to honor our ongoing partnership with the Veterans Legal Institute. Lawyers for Warriors is an event that started four years ago where over 250 business leaders who represent legal, medical, financial, military, and other professional industries can network, enjoy wine and appetizers, and recognize those legal community leaders who have graciously offered their services to our veteran heroes. All the proceeds
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WFY Attends Meet the Firms at CSUF and NAU
On Thursday, September 26th, a group of our Wright Ford Young & Co. employees attended California State University, Fullerton’s Meet the Firms event as well as Northern Arizona University’s Career & Graduate School Expo. These type of meet and greet events are a way for students and professionals in the accounting community to network with a wide range of firms from boutique to the Big Four. We attend these events to educate students about WFY and what we do, and encourage them to get a hands-on learning experience with our firm. Wright Ford Young & Co. thanks California State University,
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Company News and Newsletter and Updates.
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WFY Welcomes New Hire to Estate & Trust Practice
Wright Ford Young welcomes a new hire to our practice: Angela Tang. WFY is pleased to welcome her to our Team. Angela Tang Angela Tang started with the Estate & Trust practice in September as a Supervisor. She graduated from UCLA and has been working in public accounting for 20 years. In 2006, Angela started focusing on Estates, Trusts and Gifts taxation. In her spare time, she enjoys traveling and spending time with family and friends. Interested in joining WFY in one of our departments? If you are interested and qualified, please email your resumes careers@cpa-wfy.com or go to our Careers page.
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WFY Grows Tax Department With New Hires
Wright Ford Young welcomes four new hires to our Firm: Shirley Lin, Tony Maldonado, Erin Kim, and Sunil Doddiah. Shirley, Tony, Erin, and Sunil are joining our Tax Department in all different positions. WFY is pleased to welcome these new hires to our team. Shirley Lin Shirley started with WFY in August as a Tax Supervisor in our Tax Department. She received her Master’s degree in Accounting from California State University, Fullerton, and has been in public accounting for over 12 years. In her spare time, she loves to travel with family. Tony Maldonado In July, Tony joined WFY as
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WFY Attends Anaheim Angels Game
On Saturday, August 17th, Wright Ford Young & Co. attended the Anaheim Angels vs. Chicago White Sox game at the Angel Stadium in Anaheim. Our audit, tax, and all other departments came together to celebrate one of our core values: we have fun! About 150 friends, family, and employees of WFY attended the exciting game during a perfect day for baseball. Everyone enjoyed the game with popcorn, hot dogs, nachos, and other delicious baseball game treats. The game started off slow with a tied game by the end of the 2nd inning, but the White Sox took a 4-1 lead
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CA Governor Signed Law to Conform to Federal Tax Law Changes
The California governor signed law AB 91, also known as the “Loophole Closure and Small Business and Working Families Tax Relief Act of 2019” which partially conforms to certain provisions of the Federal Tax Cuts and Jobs Act, some of the significant items are as follows: Small business accounting method reform and simplification Allow businesses with average gross receipts less than $25 million to adopt the cash method of accounting Net operating losses Only allow net operating loss carryforwards The new California law does not conform to: Opportunity zone gain deferrals and capital gain exclusions Fringe benefit federal deduction limitations
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Industry News and Newsletter and Updates.
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Cyndi LeBerthon Appointed Chair of CalCPA Peer Review Committee
Wright Ford Young & Co.’s Audit Partner, Cyndi LeBerthon, has been appointed Chair of the CalCPA Peer Review Committee for the term 2019 through 2021. This committee of 20 members is responsible for overseeing all peer reviews of CPA firms in California, Arizona and Alaska administered by CalCPA. The peer review committee evaluates the results of the peer reviews, determines the need for follow up remedial or corrective actions, and oversees the performance of AICPA qualified peer reviewers in California, Arizona and Alaska. These measures taken ensure compliance with the AICPA Peer Review Program. Cyndi has served on the peer review committee since
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