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WFY Attends TACA’s Ante Up for Autism Dinner and Auction

September 30, 2021 | by | Comments Off on WFY Attends TACA’s Ante Up for Autism Dinner and Auction

The Autism Community in Action (TACA) hosted their 16th annual Ante Up for Autism event on Saturday, September 25. The night involved not only fantastic dining and good company, but it also involved a live auction and silent auction. Besides raising money with auction items, TACA reached above and beyond their donation goal of $300,000 the night of the event. All of the proceeds from Ante Up for Autism went to TACA. Along with other generous sponsors, Wright Ford Young & Co. was proud to be a Royal Flush sponsor for this amazing event. Some of Wright Ford Young &
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Categories: Company News and Newsletter and Updates.
Tags: 2021, accountant, accountants, accounting, accounting firm, ante up for autism, autism, business, ca, california, certified public accountants, charity, cpa, cpa firm, donate, firm, irvine, newsletter, nonprofit, oc, orange county, so cal, southern california, sponsor, taca, tax, tax firm, taxation, taxes, the autism community in action, wfy, wright ford young, and wright ford young & co.

New Law Tax Workaround for CA Pass-Through Business Owners

July 27, 2021 | by | Comments Off on New Law Tax Workaround for CA Pass-Through Business Owners

Richard A. Huffman, CPA, MST Tax Partner   The 2017 Tax Cut and Jobs Act limits individuals state and local tax deduction to $10,000 a year through 2025. California passed into law a workaround for tax years 2021- 2025. Qualifying pass-through business owners can separately elect to pay a 9.3% entity level tax on the owner’s share of the company’s qualified taxable income which will be allowed as a federal tax deduction on the entity return. Owners who participate will receive a credit on their California individual tax return equal to the 9.3% tax paid at the entity level.  The
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Categories: Industry News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, business, business owner, ca, california, certified public accountants, cpa, cpa firm, deduction, firm, irvine, law, newsletter, oc, orange county, passthrough entity, small business, so cal, southern california, tax, tax firm, tax workaround, taxation, taxes, wfy, wright ford young, and wright ford young & co.

Seven New Hires Join WFY

July 22, 2021 | by | Comments Off on Seven New Hires Join WFY

Wright Ford Young & Co. is pleased to welcome seven new hires to our firm in June and July. Andrew Abeyta, Robert Lee, Caleb Short, Xiaoli Shu, Daniel Sur, and Esther Wood joined our tax department. Cora Hultgren joined our audit department. We are thrilled to have these new hires join our WFY team. Andrew Abeyta In July, Andrew Abeyta rejoined our firm as a Tax Senior. He graduated from CSUF and is currently in the process of studying for his CPA license. While out of the office, Andrew loves teaching at church and surfing at the Huntington Beach pier.
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, audit staff, business, ca, california, careers, certified public accountants, cpa, cpa firm, firm, irvine, jobs, new hires, newsletter, oc, orange county, so cal, southern california, tax, tax firm, tax intern, tax senior, tax staff, taxation, taxes, wfy, wright ford young, and wright ford young & co.

WFY Introduces New Director of Marketing

May 13, 2021 | by | Comments Off on WFY Introduces New Director of Marketing

This month, Wright Ford Young & Co. promoted Chanelle Bossert to Director of Marketing.  Congratulations, Chanelle! Chanelle Bossert Before receiving the Director of Marketing position, Chanelle was previously a Marketing & Tax Assistant for over three years at WFY. In 2017, she graduated from Pennsylvania State University with a Bachelor’s degree in Public Relations/Advertising in Strategic Communication.  She specializes in content creation, marketing strategies, social media management, and other marketing skills. In her spare time, Chanelle enjoys learning new skills, trying new food, and spending time with her family and her dog Harley.   Interested in joining WFY in one
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, cpa, cpa firm, director, firm, irvine, jobs, marketing, new hires, newsletter, oc, orange county, promotion, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

WFY Reserves Title Sponsorship for VLI’s Lawyers for Warriors

May 12, 2021 | by | Comments Off on WFY Reserves Title Sponsorship for VLI’s Lawyers for Warriors

For the third year in a row, Wright Ford Young & Co. is the title sponsor for this year’s Lawyers for Warriors event by Veterans Legal Institute. The annual Lawyers for Warriors event will be held on November 8, 2021 at the Center Club of Orange County.  During the event, there will be a silent auction, unlimited drinks and appetizers, and notable speakers and honorees.  The honorees that help VLI’s mission to provide aid to veterans in need include: Law Firm of the Year – Sheppard Mullin; Community Advocate of the Year – Orange County Community Foundation; Veteran of the
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, cpa, cpa firm, firm, fundraiser, irvine, lawyers for warriors, legal aid, newsletter, nonprofit, oc, orange county, organization, pro bono, so cal, southern california, tax, tax firm, taxation, taxes, veterans, veterans legal institute, vli, wfy, wright ford young, and wright ford young & co.

Is Your Company Eligible for the Employee Retention Tax Credit?

April 23, 2021 | by | Comments Off on Is Your Company Eligible for the Employee Retention Tax Credit?

Richard A. Huffman, CPA, MST Tax Partner By retaining employees during the pandemic, your company may be eligible for a payroll tax credit of up to $5,000 per employee in 2020 and $28,000 per employee in 2021. The employee retention tax credit (ERTC) is a fully refundable payroll tax credit for employers who meet certain requirements that is based on qualified wages paid between March 13, 2020 to December 31, 2021. The qualifications and credit thresholds are segmented into two time frames, March 13, 2020 to December 31, 2020 and January 1, 2021 to December 31, 2021. The two separate
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Categories: Industry News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, coronavirus, covid, covid19, cpa, cpa firm, employee credit, employee retention credit, ertc, firm, irvine, law, newsletter, oc, orange county, pandemic, small business, so cal, southern california, tax, tax firm, tax law, taxation, taxes, wfy, wright ford young, and wright ford young & co.

AI in Auditing

April 1, 2021 | by | Comments Off on AI in Auditing

By Carissa DeLuca, CPA, CFE Audit Manager   For several years now we’ve been hearing about how Artificial Intelligence (AI) is the future of seemingly just about every industry.  Industries from healthcare to banking have started to uncover the benefits of using AI. The accounting profession is no different and is starting to adapt AI in many service areas. The Wright Ford Young & Co. audit team has taken a dive into the use of AI with some of our 2020 audit engagements.  We have a selected a program that will enhance our review of our clients’ general ledgers and
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Categories: Company News, Industry News, and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, ai, artificial intelligence, audit, auditing, business, ca, california, certified public accountants, cpa, cpa firm, firm, irvine, newsletter, oc, orange county, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

CA Lawmakers Reach COVID Relief Deal Including Partial PPP Conformity

February 18, 2021 | by | Comments Off on 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
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Categories: Industry News and Newsletter and Updates.
Tags: 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.

New Tax Senior Joins WFY’s Tax Department

February 3, 2021 | by | Comments Off on 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
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Categories: Company News and Newsletter and Updates.
Tags: 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.

WFY Welcomes New Audit Senior

January 18, 2021 | by | Comments Off on WFY Welcomes New Audit Senior

We are pleased to announce a new Audit Senior who is joining our Audit Department: Robert Caicedo. Welcome to the WFY team! Robert Caicedo Robert Caicedo joined WFY in mid-January as an Audit Senior. In 2013, Robert graduated from UCSD with a Bachelor’s degree in Management Science and Economics.  He continued going to school at night while working in the accounting department of one of his previous jobs to be able to take the CPA exam.  His experience in accounting is mainly ERISA audits, private industry audits, and non-profits. In his free time, Robert likes to mountain bike, play soccer,
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, audit, business, ca, california, certified public accountants, cpa, cpa firm, erisa, firm, irvine, new hires, newsletter, oc, orange county, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.