Wright Ford Young & Co. would like to welcome our newest addition to the firm: Cyndi LeBerthon, CPA. With more than 15 years of public accounting experience, Cyndi has joined WFY as Partner in the Audit Department. Cyndi is responsible for planning and supervising audit and review engagements in a wide range of industries, including distribution, manufacturing, professional service, technology and hospitality. Having extensive experience in Employee Benefit Plan audits and ERISA regulations, she also works with plan sponsors in private and public sectors performing annual DOL required audits of their 401(k), 403(b), ESOP, and Pension and Welfare Benefit Plans.
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Archives for taxation
WFY is Hiring
Wright Ford Young & Co. is seeking qualified candidates to join our growing team! We are hiring hard-working, dedicated people who are willing to learn and flourish in their careers. Full-time positions are available for the following departments: Tax Department Staff Preparer Estates & Trusts Department Senior Supervisor Manager Audit Department Staff If interested in any of the positions above, please go to our Careers page or directly contact the following: Tax Department: Richard Huffman, rhuffman@cpa-wfy.com Estates & Trusts Department: Marisa Alvarado, malvarado@cpa-wfy.com Audit Department: Jeff Myers, jmyers@cpa-wfy.com
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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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Landmark SCOTUS Decision on Sales Tax Collection Requirements
The U.S. Supreme Court recently issued a ruling that could have a dramatic impact on American retailers, and not only those who primarily operate on the Internet. In what has been called the Wayfair sales tax case, the court on June 21, 2 018 said that states can impose sales taxes on businesses even if they do not have a physical presence in the state. The ruling effectively overturns Quill Corp. v. North Dakota, which was a Supreme Court decision handed down in 1992. In that case, the court said that the Commerce Clause in the U.S. Constitution forbids states from imposing sales tax
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California Competes Tax Credit
The California Competes Tax Credit is an income tax credit for businesses wanting to stay and grow in California. The purpose is to attract and retain employers in California industries with high economic multipliers and that provide their employees good wages and benefits. Any business can apply. The credit applies to any type of business expecting to increase headcount and/or make a capital investment in California. Businesses compete for these tax credits by asking for a percentage return on investment. California plans to grant $230 Million in Cal Competes tax credits to California businesses over three separate application rounds in
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WFY Expands Firm with Three New Hires
Wright Ford Young & Co. continues to grow the firm with three new hires: Andrew Abeyta, Cameron Lee, and Jennifer Nguyen. All three are the newest additions to WFY’s Tax Department. WFY is pleased to welcome these new hires to the WFY team. Andrew Abeyta In the beginning of July, Wright Ford Young & Co. welcomed Andrew Abeyta as Tax Staff. He graduated from Cal State Fullerton in 2016 and jumped into public accounting straight after that. Andrew’s previous experience in accounting includes working at another CPA firm after college. In his spare time, he’s passionate about photography and teaches 5th
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IRS To Issue More ACA Penalties
The IRS began issuing Affordable Care Act (ACA) penalty assessments in its Letter 226J tax notice in November 2017. These notices are being sent to employers who the IRS identified through its recently developed Affordable Care Act Compliance Validation System “ACV” System, as having failed to comply with the ACA’s employer mandate. So far, the IRS has issued more than 30,000 of these notices containing employer shared responsibility payments (ESRPs) assessments of more than $4.4 billion. Under the ACA, organizations with 50 or more full-time employees and full-time equivalent employees, are required to offer minimum essential coverage to at least
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WFY Continues to Grow Firm with New Hires
Wright Ford Young continues to grow the firm with four new hires: Marisa Alvarado, Nicholas Valdez, Collin Sidler, and Cameron Bauer. Marisa and Nicholas are the newest additions to WFY’s Estates & Trusts Department while Collin and Cameron are the newest additions to the Audit Department. WFY is pleased to welcome these new hires to the WFY team. Marisa Alvarado Wright For Young & Co. welcomed Marisa Alvarado as its Estates & Trusts Tax Partner in June. Marisa has over 30 years of experience in public accounting with the last 20 years in High Net Worth Advanced Estate Planning. She has worked
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Avoid Scammers: How the IRS Does and Does Not Contact Taxpayers
In order to help taxpayers avoid scams in which criminals impersonate IRS employees, IRS has issued a Fact Sheet in which it sets out the ways that it does and does not contact taxpayers. The IRS has been publishing this sheet for years to help taxpayers protect themselves from scammers and the warning signs. Below are the legitimate ways the IRS employees will contact taxpayers: IRS initiates most contacts with taxpayers through regular mail delivered by the U.S. Postal Service. However, there are special circumstances in which IRS will call or come to a home or business. Even then, taxpayers will
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