six new hires

Six New Hires Join WFY Team

Wright Ford Young & Co. is proud to announce we are adding six new hires to our team. We have Cheryl Shelton joining our estates & trusts department, and Brody Alcanter, Marzeh Khanjari, Rajbir Singh, Linh Trinh and Diane Waxler-Milne joining our tax department. WFY is pleased to welcome these new hires to our team.

Cheryl Shelton

In January, Cheryl Shelton started with WFY as an Estates & Trusts Supervisor in our estates & trusts department. She graduated from Cal State Fullerton and continued her education at Western State Law School. Cheryl has worked in accounting for over 15 years. In her spare time, she volunteers with a local dog resue doing adoption events and fostering dogs.

Brody Alcanter

Brody Alcanter joined WFY in January as a Tax Senior. He graduated from Northwood University with a Bachelor’s degree for Business Administration, Accounting, and moved to Orange County shortly after graduating. In his spare time, he enjoys playing golf.

Marzeh Khanjari

In January, Marzeh Khanjari started with WFY as a Tax Senior.  She received her degree in Business Administration with emphasis in Accounting, and has been working as a tax professional for almost 15 years. While she’s away from the office, she likes to travel, watch movies, and play ping pong.

Rajbir Singh

Rajbir Singh joined WFY as a Tax Staff in January.  He graduated from University of California, Riverside, with a degree in Business Administration and Psychology. Rajbir’s hobbies are working out and traveling with his family.

Linh Trinh

Joining us again at WFY as a tax intern is Linh Trin.  She is graduating from Cal State Fullerton this Spring and will become a full-time Tax Staff at WFY after she graduates.  During her free time, she likes to play the piano.

Diane Waxler-Milne

Diane Waxler-Milne joins WFY for this upcoming tax season as a tax intern.  She is currently attending Cal State Fullerton as a senior and will graduate with a Bachelor’s degree in Accounting and Finance. When she’s out of the office and away from school, Diane enjoys time with her husband and three daughters.

 

Interested in joining WFY in one of our departments? f you are interested and qualified for the position above, please email your resumes careers@cpa-wfy.com or go to our Careers page.

 

charitable contributions

WFY’s 2019 Charitable Contributions

For over 12 years, Wright Ford Young & Co. has made it a priority to contribute to many non-profits locally and nationally.

Since 2007, WFY has been helping to give back by donating 1% of our gross revenues each year to charities as a way to help improve the lives of those around us and those less fortunate. We have donated over $1,253,000 since the program’s formation.  In 2019, WFY made donations to over 20 non-profit organizations – our biggest number of charities to date.

We would like to thank all the organizations for everything they do and how much they give to those in need.

Here is the list of organizations WFY contributed to in 2019:

IN STEPPS Academy

Women Helping Women

Big Brothers Big Sisters of OC

Blind Children’s Learning Center

Wetlands & Wildlife Care Center

Veterans Legal Institute

44 Women for Orangewood

The Autism Community in Action

Unplugged Camp

ProSearch – Under the Big Top

Marconi Foundation for Children

OC Community Foundation

Maxloveproject.org

Free Wheel Chair Mission

Stand Up for Kids

Project ALS

Thomas House

Open Medicine Foundation

Olive Crest

Samaritan’s Purse

Family Promises of OC

 

To learn more about our charitable contributions, click here.

payroll tax

Changes with 2020 Payroll Tax and Standard Auto Mileage Rate

by WFY Accountant, Bonnie Thompson

Beginning January 1, 2020, the following changes go into effect for the withholding of payroll taxes and reimbursement of auto mileage:

SOCIAL SECURITY

The wage base for withholding social security tax has increased to $137,700 The social security tax rate will be 6.2% for both employers and employees for a maximum expense of $8537.40 For Medicare, the rate is still 1.45% each for employers and employees with no limit this year. Continuing in 2020 employees earning in excess of $200,000 will be subject to a mandatory additional 0.9% Medicare tax withholding regardless of their individual tax filing status. This withholding does not require the employer match.

STATE DISABILITY INSURANCE (SDI)

The taxable wage limit has increased to $122,909. The tax rate will remain at 1%. Maximum to withhold is $1229.09

FEDERAL AND STATE UNEMPLOYMENT INSURANCE

Both the Federal and State of California taxable wage bases remain the same for 2020 at $7,000. You will receive notification of your state tax rate. The FUTA tax rate is .06 all year.

STANDARD AUTO MILEAGE RATE

At this time the standard auto mileage rate for reimbursement of deductible costs of operating an auto for business will be 57.5 cents per mile.

For those clients for whom we prepare quarterly tax returns and annual information returns, please submit the necessary information as soon as possible to assist us in preparing your forms on a timely basis. Please be sure that you have given us the most current information on names and addresses of W-2 and 1099 recipients.

We are available to answer any questions you may have regarding the proper reporting and withholding of payroll. Please feel free to contact our office should you need assistance.