Yearly Archives 2019

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,
Read More

Categories: Company News and Newsletter and Updates.

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.
Read More

Categories: Company News and Newsletter and Updates.

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
Read More

Categories: Company News and Newsletter and Updates.

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
Read More

Categories: Company News and Newsletter and Updates.

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
Read More

Categories: Industry News and Newsletter and Updates.

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
Read More

Categories: Industry News and Newsletter and Updates.

WFY Tax Department is Hiring

Wright Ford Young & Co. is seeking qualified candidates to join our tax department team! We are looking for 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 Tax Professional (at least 3 years of experience) If you are interested and qualified for the position above, please email your resumes careers@cpa-wfy.com or go to our Careers page.
Read More

Categories: Job Postings and Newsletter and Updates.

Problems Faced Between You and Your Current CPA This Past Tax Season

Once the corporate, individual and foundation tax reporting season is complete, there’s always an opportunity to evaluate and reassess the taxpayer’s level of satisfaction with their CPA relationship. Lack of communication, unwanted tax return extensions, incorrectly prepared Schedule K-1’s, and inability to accurately apply the qualified TCJA reform benefits  are just a few of the many frustrations that may have been experienced this past tax season. Situations can arise in a taxpayer-CPA relationship which makes a taxpayer to question whether or not their current accounting firm is the right fit for them.  Small to mid sized closely held companies and
Read More

Categories: Newsletter and Updates.

WFY Hosts MGI North America West Coast Area Meeting

On January 4th, Wright Ford Young & Co. hosted the MGI North America West Coast Area Meeting at our offices in Irvine, CA. Joe Tarasco, Regional Director, and Nancy Damato, Director of Marketing, starting the meeting off by talking about key points such as MGI North America new member recruiting initiatives and activities, marketing assessment calls/web meetings with MGI North America members, a guide about foreign companies doing business in United States, and upcoming conferences. The meeting continued with discussions concentrating on MGI firm collaboration and practice management updates along with topics including business development, technical and niche areas, succession
Read More

Categories: Industry News and Newsletter and Updates.

When Does a Resident Become a Nonresident?

According to a recent SFGate poll, 53% of Bay Area residents interviewed want to leave California.(1) We have been hearing similar comments from seminar attendees across the state, and we know many of you have clients who are attempting to “move out of California.” Keep in mind, one of the FTB’s longest running, and most active, audit programs is the residency audit program. The FTB looks closely at a taxpayer who moves from California, and often they are high income taxpayers who have large amounts of income after they change their residency to another state. However, lower income taxpayers can
Read More

Categories: Newsletter and Updates.