WFY grows their firm with eight new hires: Michael Montgomery, Jennifer Nguyen, Karla Young, Alice Wang, Jeff Hwang, Linh Trinh, and Farheen Kolsy. All these new hires are joining WFY’s tax department as tax staff or tax interns. WFY is pleased to welcome these new hires to the WFY team. Michael Montgomery Joining the WFY tax staff is Michael Montgomery. Michael graduated from CSU Fullerton in 2015 and has a Bachelor’s degree in Business Administration, with a concentration on Accounting. With his experience in accounting, he has mainly worked in offices that specialize in small businesses and individuals. During the
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New IRS Partnership Audit Rules Prompt New Look at Operating Agreement
The IRS introduced a new set of partnership auditing rules which take effect in the financial year 2018 and are meant to make it easier for the agency to uncover and collect underpaid taxes from partnership entities. The previous audit system was challenging for the IRS because it was difficult to pin down who owed the tax under a complex partnership structure. Small partnerships with less than 100 members can opt out if no partner is a pass-through entity. The IRS will begin reviewing tax filings in line with the new procedure in 2019, so audits could start as soon
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WFY Sponsors Veterans Legal Institute’s American Patriots Ball
On Saturday, September 22nd, some of Wright Ford Young & Co.’s Partners attended Veterans Legal Institute’s The American Patriots Ball, an event honoring and celebrating veteran empowerment. Veterans Legal Institute is an organization that provides pro bono legal assistance to homeless, at risk, disabled and low income current and former service members. The Ball included hundreds of community and business leaders that gathered on Saturday which featured dancing, dining, and a live auction. Not only did WFY sponsor the event, they also commended the following honorees and organizations: Philip V. Brozenick for Veteran of the Year, Rochelle Karr for Veteran
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Are you Taking Advantage of the New Tax Law Benefits?
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accountant, accounting, act, benefits, ca, california, certified public accountants, cpa, cpa firm, distributors, law, manufacturers, new tax law, oc, orange county, orange county cpa, southern california, tax, tax changes, tax cut, tax firm, tax law, taxation, taxes, the act, wfy, and wright ford young.