As we continue through this global COVID-19 pandemic, challenges can arise for businesses that were not visible a few months ago. Our Tax Partner, Andy Bautista, recently contributed to a podcast that discusses common challenges that businesses are facing throughout the pandemic. In this episode of The Business Talks Podcast, Andy begins his discussion on […]
Our team is growing! We would like to welcome Jon Varner to Wright Ford Young & Co.’s Tax Department. WFY is pleased to welcome Jon to our team. Jon Varner started with WFY as a Tax Director in the beginning of September. He received his Bachelor’s degree from CSU Fullerton and then his Master’s in […]
Richard A. Huffman, CPA, MST Wright Ford Young & Co., CPAs The Small Business Administration has released additional Paycheck Protection Program (PPP) guidance and revised the forgiveness application form to align with the Paycheck Protection Program Flexibility Act which was signed into law on June 5, 2020. Highlights of the updates are as follows: 1. […]
Richard A. Huffman, CPA, MST Wright Ford Young & Co., CPAs The Senate just passed the House bill, called the Paycheck Protection Flexibility Act which is expected to be signed into law by the president. The law will extend the Paycheck Protection Program (PPP) loan forgiveness period from eight weeks to twenty four weeks and […]
This month, Wright Ford Young & Co. is pleased to announce we have two new hires joining our team. Mimi Duong will be joining as an Audit Staff and Lauren Gilmour will be joining as an Audit Intern in our audit department. WFY is pleased to welcome these new hires to our team. Mimi Duong […]
By Cheryl Shelton, JD Wright Ford Young & Co., CPAs Roth IRA’s have two big tax advantages: Tax-free withdrawals and exemption from required minimum distributions. But converting a traditional IRA into a Roth IRA is a taxable distribution. While in the midst of the coronavirus, is 2020 the right time to make the conversion? […]
Janelle Tokunaga, CPA, MST Wright Ford Young & Co., CPAs While it may seem like there has been a shortage of good news lately, we wanted to bring your attention to a few bright spots that have come about during our current economic downturn. With the extra time you have at sheltering in place, […]
Janet Kim, CPA, MST Wright Ford Young & Co., CPAs The IRS released Notice 2020-32 on April 30, 2020, which provides guidance on the deductibility of expenses paid with Paycheck Protection Program (PPP) loan proceeds that are forgiven and excluded from the borrower’s income. The IRS has determined otherwise deductible expenses that are paid […]
During the ongoing management of COVID-19 restrictions, we are all trying to determine and assess the short- and long-term damage on businesses, the economy, and the capital markets. While we don’t pretend to have answers better than others, we would like to share our thoughts on the impact of the virus on M&A transactions. First […]
Our WFY Tax Partner, Richard Huffman, has created a 15-minute video presentation to illustrate the benefits your business may qualify for under the CARES Act. Included are the Paycheck Protection Program Loans, Employee Retention Credit and deferral and income tax benefits. Watch the video to learn which benefits apply to you. Please contact your WFY […]
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