2022 payroll tax
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2022 Payroll Tax & Auto Mileage Rate Changes

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…
three new hires
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Three New Hires Join WFY in December

Wright Ford Young & Co. is excited to announce we are welcoming three new hires to our WFY team. Kyle Le and Ben Vallotton-Crellin joining our tax department as Tax Senior and Tax Staff, and Hayley Thomas is joining our audit department…
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WFY Title Sponsors Events for The Priority Center and VLI

On Monday, November 8th, Wright Ford Young & Co. was the title sponsor for two events presented by two amazing nonprofit organizations. The Priority Center hosted their 20th Annual Golf Tournament and Veterans Legal Institute hosted…
sponsors
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WFY Sponsors Events for HOPE Int. and In STEPPS Academy

In the beginning of October, WFY sponsored two events: HOPE International's Living in Dreams and In STEPPS Academy's Golf Classic. WFY was a Pathway Sponsor at HOPE International's Living in Dreams Dinner and Auction on Thursday, October…
ante up
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WFY Attends TACA’s Ante Up for Autism Dinner and Auction

The Autism Community in Action (TACA) hosted their 16th annual Ante Up for Autism event on Saturday, September 25. The night involved not only fantastic dining and good company, but it also involved a live auction and silent auction.…
family-owned
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WFY Sponsors OCBJ’s Family-Owned Business Awards

On Thursday, August 26th, Wright Ford Young & Co. was a platinum sponsor at the Family-Owned Business Awards by Orange County Business Journal (OCBJ). The luncheon honored all the nominees and winners to celebrate and recognize family-owned…
angels 5k
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WFY Attends Angels 5K and Angels Game on August 14th

On Saturday, August 14th, Wright Ford Young & Co. attended two exciting events: The Angels 5K and the Los Angeles Angels v. Houston Astros game. For the Angels 5K, around 15 of WFY's employees, families, and friends gathered to complete…
tax workaround
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New Law Tax Workaround for CA Pass-Through Business Owners

Richard A. Huffman, CPA, MST Tax Partner   The 2017 Tax Cut and Jobs Act limits individuals state and local tax deduction to $10,000 a year through 2025. California passed into law a workaround for tax years 2021- 2025. Qualifying…
seven new hires
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Seven New Hires Join WFY

Wright Ford Young & Co. is pleased to welcome seven new hires to our firm in June and July. Andrew Abeyta, Robert Lee, Caleb Short, Xiaoli Shu, Daniel Sur, and Esther Wood joined our tax department. Cora Hultgren joined our audit department.…
deductible
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Tax Update on Business Meals Being 100% Deductible in 2021

Angela Tang, CPA Estate & Trust Supervisor   The cost of business meals were considered a deductible expense since 1986, the problem is only 50% of such costs were allowed as a deduction until now.  The latest 2020 stimulus…
new hires
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Two New Hires Join Audit Department

This week, Wright Ford Young & Co. welcomed two new hires to our firm. Joy Uba and Lele Kyles will be joining our audit department. We are pleased to have these new hires join our WFY team. Joy Uba Joy Uba joined us in beginning…
wfy partners
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WFY Partners Jeff Myers & Cyndi LeBerthon Host Upcoming Webinar

Our WFY Partners Jeff Myers, CPA, and Cyndi LeBerthon, CPA, will be presenting at MGI's Efficiently Conducting Employee Benefit Plan Audits on June 23, 2021. If you're looking to learn what's new and what peer reviewers are looking for…