This month WFY will be sponsoring the event Stepping Through Spring Fundraising Walk created by Orange County Teen Challenge (OCTC). The free outdoor event will take place at Orange County First Assembly on April 24th at 9:00am. This will be the first in-person fundraiser of 2021 for the nonprofit. For the event, there will be […]
By Carissa DeLuca, CPA, CFE Audit Manager For several years now we’ve been hearing about how Artificial Intelligence (AI) is the future of seemingly just about every industry. Industries from healthcare to banking have started to uncover the benefits of using AI. The accounting profession is no different and is starting to adapt AI […]
By June 30, 2021, nonexempt employers with more than 50 California W-2 employees must register with the CalSavers program. For exempt employers, if you’ve already offered a retirement plan, you do not have to participate in the program, but you still must register as “exempt” on the CalSavers website. Nonprofit organizations must register with CalSavers […]
Richard A. Huffman, CPA, MST Tax Partner The American Rescue Plan Act signed into law by President Biden includes the following significant tax provisions: Business tax provisions: Family and sick leave credits – Extends tax credits through 9/30/21. Employee retention credit – Extended through 12/31/21, program criteria as follows: To qualify experienced a full […]
Join our friends at the Restaurant Finance Monitor for a complimentary live webinar. Watch three software providers demonstrate how technology can help you run your multi-unit restaurant business more efficiently. Time: Wednesday, March 10th from 8-10am PT Who should attend: This event is designed for technology focused restaurant owners, CFOs and controllers. Register at: […]
After many years of being a part of our team, our first member of the firm, Bonnie Thompson, is retiring after 50 great years at Wright Ford Young & Co. Bonnie started working with WFY from the very beginning. She was a non-bookkeeper at first, but has advanced to our firm’s top bookkeeper. Not only […]
Richard A. Huffman, CPA, MST Tax Partner The long awaited recently announced California pandemic relief package includes the following benefit highlights for businesses and individuals: California partial conformity to federal tax treatment of Paycheck Protection Plan loans allowing companies to deduct up to $150,000 in expenses covered by the PPP loan (including Economic Injury Disaster […]
By Carissa DeLuca, CPA, CFE Audit Manager In the Association of Certified Fraud Examiners, Inc. (ACFE)’s Report to the Nations 2020 Global Study on Occupational Fraud and Abuse, they noted external audits of financial statements were the number one most common anti-fraud control in the small and large businesses they studied. However, the auditor’s responsibility […]
Our newest hire joining our Tax Department at Wright Ford Young & Co. is Queenie Qin. We are excited to have Queenie join WFY. Welcome to the team! Queenie Qin In January, Queenie Qin joined WFY as a Tax Senior. She graduated Pepperdine University with her Bachelor’s degree in Accounting in 2017, and she graduated […]
We are pleased to announce a new Audit Senior who is joining our Audit Department: Robert Caicedo. Welcome to the WFY team! Robert Caicedo Robert Caicedo joined WFY in mid-January as an Audit Senior. In 2013, Robert graduated from UCSD with a Bachelor’s degree in Management Science and Economics. He continued going to school at […]
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