In February, Wright Ford Young & Co. welcomed Cristina Hargett to our firm. Cristina joined us as a Tax Administrative Assistant in our tax department. We are thrilled to welcome Cristina to the firm. Cristina Hargett Cristina Hargett started with WFY as our newest Tax Administrative Assistant in our tax department. She received her Associate’s degree in Bookkeeping/Accounting at Goldenwest College and started her career as a receptionist for a local CPA firm while also starting a new family. After some time of working as a receptionist, Cristina transitioned into bookkeeping while also doing administrative work. She has worked at
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Monthly Archives February 2023
SDI Wage Base Cap Eliminated Starting in 2024
Manny Trelles, CPA Tax Manager Governor Newsom signed SB 951 on September 30, 2022 repealing the wage ceiling for contributions into California’s State Disability Insurance (SDI) fund beginning January 1, 2024. This means all wages paid will be subject to California’s SDI tax. The purpose is to increase the SDI benefits paid and short-term disability insurance to three categories of employees: Employees on parental leave Employees taking time off to care for injured and ill family members Employees unable to work due to injury or health condition To pay for these increased benefits, SB 951 will eliminate the taxable
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