In the beginning of May, Wright Ford Young & Co. welcomed a new hire who joined our Administrative team. We are excited to have this team member join WFY. Adriana Alcala Adriana Alcala joined our Administrative team in the beginning of May. She previously worked in the mortgage industry for six years as a loan […]
by Gregory Lambourne, Esq. Senior Planning Consultant Plato observed that “Nothing ever is, but is always becoming.” We begin dying the day we are born. A bleak sentiment for sure, but useful if you allow it to focus and move you. Life is fragile and life is short; it’s over before we know it. […]
By June 30, 2022, any California business owners with five or more employees are required to have a retirement plan for their employees. California businesses with five or more employees must comply with the statewide mandate and offer a retirement plan to their employees by the deadline. Businesses can either go through a private-market option, […]
In March, Wright Ford Young & Co. had two new hires join our team in our audit and estate and trust departments. Andre Nielsen joined our audit department as Audit Staff and Jason Gonzalez joined our estate and trust department as Diligence Coordinator. We are excited to have these two new team members join WFY. […]
Last month, two new hires joined Wright Ford Young & Co. in our tax and audit departments: Sarahbelle Kabigting and Nicholl Venzon. Sarahbelle was welcomed into our tax department and Nicholl was welcomed into our audit department. We are thrilled to introduce these two new hires to our WFY team. Saraheblle Kabigting In mid-February, […]
On February 26th, Beyond Blindness hosted their 60th Anniversary Gala at the Marconi Automotive Museum in Tustin. Wright Ford Young & Co. was one of the table sponsors at the gala. The special anniversary gala was a dining in the dark experience to the attendees. It also had many other fun elements including immersive exhibits, […]
Hani Sharestan, CPA, MST Tax Partner In amidst of the 2021 tax season, you should expect delays from the IRS in processing paper filed tax returns that require manual processing. Based on a recent published report, the National Taxpayer Advocate said in its annual report to congress the IRS continues to experience unprecedented severe […]
Richard A. Huffman, CPA, MST Tax Partner The California Passthrough Entity Elective Tax Credit (CA PTE) meant for S-corporations and partnerships was initially flawed due to certain entities being excluded and the resulting California credit being limited to the tentative minimum tax base which in most cases prevented S-corporation shareholders, partnership partners, and LLC […]
Wright Ford Young & Co. welcomed Ashley Sieracki to our WFY team in February. She will be working closely with Greg Lambourne, our Senior Planning Consultant, on Estate & Tax. WFY is excited to introduce Ashley to our team. Ashley Sieracki In the beginning of February, Ashley Sieracki joined our WFY team as a Planning […]
In January, Wright Ford Young & Co. welcomed four new hires to our WFY team: Greg Lambourne, Ella Sanchez, Janeth Quinones, and Sam Martinez. Greg Lambourne is mainly working in our estate & trust department. Ella Sanchez, Janeth Quinones, and Sam Martinez will be joining our tax department as Tax Interns. WFY is excited to […]
Thomas S. Kim, CPA Tax Director In California, if you are an officer and sole shareholder of a corporation, you can stop the California State Disability Insurance (SDI) withholding from your wages by making an exclusion election with the CA Employment Development Department (EDD). Depending on your wages, you can save up to $1,601.60 […]
By Bonnie Thompson Beginning January 1, 2022 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 $147,000. The social security tax rate will be 6.2% for both employers and employees for a maximum […]
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