lawyers for warriors

WFY Title Sponsors Veterans Legal Institute’s Lawyers for Warriors Event

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Wright Ford Young & Co. had the privilege of serving as the title sponsor to the Veterans Legal Institute’s annual Lawyers for Warriors event on Monday, September 23rd.  Senior audit partner Jeff Myers spoke on Wright Ford Young’s behalf to honor our ongoing partnership with the Veterans Legal Institute.

Lawyers for Warriors is an event that started four years ago where over 250 business leaders who represent legal, medical, financial, military, and other professional industries can network, enjoy wine and appetizers, and recognize those legal community leaders who have graciously offered their services to our veteran heroes.  All the proceeds of this event go to Veterans Legal Institute to continue their mission to ensure veterans can receive free legal services.

We want to congratulate the following people for their awards at this event: Stephens Friedland, LLP for Law Firm of the Year, Volunteers of America Los Angeles for Community Partner of the Year, Judge Lon F. Hurwitz for Veteran Advocate of the Year, and David Price, Esq. for Attorney of the Year.

If you’d like to learn more about Veterans Legal Institute or the Lawyers for Warriors event, please go to https://www.vetslegal.com/

 

meet the firms

WFY Attends Meet the Firms at CSUF and NAU

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On Thursday, September 26th, a group of our Wright Ford Young & Co. employees attended California State University, Fullerton’s Meet the Firms event as well as Northern Arizona University’s Career & Graduate School Expo.

These type of meet and greet events are a way for students and professionals in the accounting community to network with a wide range of firms from boutique to the Big Four.  We attend these events to educate students about WFY and what we do, and encourage them to get a hands-on learning experience with our firm.

Wright Ford Young & Co. thanks California State University, Fullerton and Northern Arizona University for another great Meet the Firms recruiting event on Thursday, September 26th.  We are very fortunate to have a long standing relationship with the accounting schools and hardworking students in which many of our employees are alumni.

 

wfy new hire

WFY Welcomes New Hire to Estate & Trust Practice

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Wright Ford Young welcomes a new hire to our practice: Angela Tang. WFY is pleased to welcome her to our Team.

Angela Tang

Angela Tang started with the Estate & Trust practice in September as a Supervisor. She graduated from UCLA and has been working in public accounting for 20 years. In 2006, Angela started focusing on Estates, Trusts and Gifts taxation. In her spare time, she enjoys traveling and spending time with family and friends.

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

new hires

WFY Grows Tax Department With New Hires

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Wright Ford Young welcomes four new hires to our Firm: Shirley Lin, Tony Maldonado, Erin Kim, and Sunil Doddiah. Shirley, Tony, Erin, and Sunil are joining our Tax Department in all different positions. WFY is pleased to welcome these new hires to our team.

Shirley Lin

Shirley started with WFY in August as a Tax Supervisor in our Tax Department.  She received her Master’s degree in Accounting from California State University, Fullerton, and has been in public accounting for over 12 years.  In her spare time, she loves to travel with family.

Tony Maldonado

In July, Tony joined WFY as a Tax Senior in our Tax Department. He attended Cal State Long Beach and received his Bachelor’s degree in Accounting. Outside of the office, Tony likes to travel and work out.

Erin Kim

Erin joined our WFY Tax Department in August as a Tax Senior. Before joing WFY, Erin attended UCLA as a Mathematics Economics major as well as working at multiple CPA firms in the Los Angeles area. Erin enjoys baking, hiking, and reading books in her spare time.

Sunil Doddiah

Lastly, Sunil started with WFY in August as a Tax Staff. He graduated from University of California, Riverside, with a Bachelor of Business Administration, Accounting.  In his spare time, Sunil likes to work out, travel, and hang out with friends.

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.

 

angels game

WFY Attends Anaheim Angels Game

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On Saturday, August 17th, Wright Ford Young & Co. attended the Anaheim Angels vs. Chicago White Sox game at the Angel Stadium in Anaheim.

Our audit, tax, and all other departments came together to celebrate one of our core values: we have fun!  About 150 friends, family, and employees of WFY attended the exciting game during a perfect day for baseball. Everyone enjoyed the game with popcorn, hot dogs, nachos, and other delicious baseball game treats.

The game started off slow with a tied game by the end of the 2nd inning, but the White Sox took a 4-1 lead by the end of the 3rd inning. The 7th inning came and the Angels scored three runs to get them to a 6-5 lead.  At the top of the 9th inning, the White Sox couldn’t lock down any more runs which ended with an Anaheim Angels victory.

A special thanks to our Partners Kahni Bizub and Jeff Myers for putting this special event together for WFY.

If you’d like to check out upcoming Anaheim Angels games, you can check them out here.

legacy luncheon

E&T Partner Marisa Alvarado Panels OCCF’s 2019 Legacy Luncheon

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On June 12th, our Estates & Trusts Senior Tax Partner, Marisa Alvarado, and some of WFY’s other Estates & Trusts staff attended Orange County Community Foundation’s 2019 Legacy Luncheon at the Pacific Club with many other philanthropists and professional advisors.

The luncheon consisted of learning about other women in philanthropy and acquiring tips to make the most of their charitable planning.  More than 100 people gathered for the event to listen to a panel discussion about charitable planning which Marisa Alvarado was a panelist.

OCCF is a foundation that works with individuals, families and businesses to match charitable interests to community needs and provide grants and resources to nonprofits and monitor local issues. The foundation has also granted more than $560 million to dreamers and doers motivated by their passion for a wide range of causes and issues.

To learn more about the Legacy Luncheon and OCCF, go to OCFF’s website.

 

law

CA Governor Signed Law to Conform to Federal Tax Law Changes

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The California governor signed law AB 91, also known as the “Loophole Closure and Small Business and Working Families Tax Relief Act of 2019” which partially conforms to certain provisions of the Federal Tax Cuts and Jobs Act, some of the significant items are as follows:

  • Small business accounting method reform and simplification
    • Allow businesses with average gross receipts less than $25 million to adopt the cash method of accounting
  • Net operating losses
    • Only allow net operating loss carryforwards

The new California law does not conform to:

  • Opportunity zone gain deferrals and capital gain exclusions
  • Fringe benefit federal deduction limitations
    • Convenience of employer meals
    • Entertainment
    • Parking and transportation

Although the law goes into effect for many of the provisions starting in 2019, certain provisions can be elected to apply to 2018.

To discuss how best to apply these changes to your situation, please contact a WFY tax expert at (949) 910-2727 or info@cpa-wfy.com.

© Copyright 2019. All rights reserved.

calcpa

Cyndi LeBerthon Appointed Chair of CalCPA Peer Review Committee

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Wright Ford Young & Co.’s Audit Partner, Cyndi LeBerthon, has been appointed Chair of the CalCPA Peer Review Committee for the term 2019 through 2021.

This committee of 20 members is responsible for overseeing all peer reviews of CPA firms in California, Arizona and Alaska administered by CalCPA. The peer review committee evaluates the results of the peer reviews, determines the need for follow up remedial or corrective actions, and oversees the performance of AICPA qualified peer reviewers in California, Arizona and Alaska. These measures taken ensure compliance with the AICPA Peer Review Program. Cyndi has served on the peer review committee since 2015 and is honored to be able to give back to the accounting profession through this volunteer, invitation-only role.

Congratulations, Cyndi!

If you’d like to learn more about WFY’s Audit Partner, Cyndi LeBerthon, click here.

WFY Tax Department is Hiring

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Wright Ford Young & Co. is seeking qualified candidates to join our tax department team! We are looking for hard-working, dedicated people who are willing to learn and flourish in their careers.  Full-time positions are available for the following departments:

Tax Department

  • Tax Professional (at least 3 years of experience)

If you are interested and qualified for the position above, please email your resumes careers@cpa-wfy.com or go to our Careers page.

tax season CPA discussion

The Problems Faced Between You and Your Current CPA This Past Tax Season

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Once the corporate, individual and foundation tax reporting season is complete, there’s always an opportunity to evaluate and reassess the taxpayer’s level of satisfaction with their CPA relationship. Lack of communication, unwanted tax return extensions, incorrectly prepared Schedule K-1’s, and inability to accurately apply the qualified TCJA reform benefits  are just a few of the many frustrations that may have been experienced this past tax season.

Situations can arise in a taxpayer-CPA relationship which makes a taxpayer to question whether or not their current accounting firm is the right fit for them.  Small to mid sized closely held companies and family business owners may feel as though they have outgrown their small practice CPA or might feel under served by their larger accounting firm.  Some of the common situations where Wright Ford Young is referred into a new client relationship have been:

  • Delayed responses from their current CPA or lack of follow up communication that caused their tax returns to be unnecessarily extended.
  • Excessive turnover of accounting firm staff that caused the need for re-training and more work to be completed by company employees.
  • Need for new growth capital, loan or line of credit that requires a company’s financial statements to be audited, reviewed or compiled for the first time.
  • When a company’s employee benefit plan exceeds 100 participants for the first time, thus requiring a qualified ERISA auditor to audit the plan (i.e. 401(k)).
  • When a business owner considers a liquidity event, yet doesn’t want to fully exit the business, the consideration of structuring a tax-friendly ESOP is warranted.
  • The need for a family business owner to take advantage of the new tax strategies relating to personal estate and trust planning.
  • Anytime a company financial leader or family business owner no longer sees a true correlation between the accounting fee they pay and the value of service they receive.

If you are a small to mid-sized company or family business owner who is dissatisfied with your current accounting firm, please contact Wright Ford Young to schedule a no-obligation conversation with one of our audit, tax, or estates and trusts planning specialists.

Spend some time getting to know us and you’ll see how you can achieve compliance without feeling like a number in a “check the box” environment.

Learn how a proactive year-round tax strategy can serve as a valuable improvement vehicle to your profitability, not just a tax time expense.

Understand why estate planning is critical to maximizing your wealth preservation while you are still able to fully enjoy life with your family, not after.

See how our partners and staff are hands-on and better equipped to respond to individual requests from all our clients and not shielded with layers of staff, and realize a true correlation between the fee you pay and the value of service you actually receive.