jon varner
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Jon Varner Joins WFY as New Tax Director

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…
ppp

SBA Releases PPP Flexibility Act Guidance and Revised Forgiveness Application Form

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…
paycheck protection program

BREAKING NEWS: Significant Taxpayer Friendly Changes to the Paycheck Protection Program.

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…
two new hires
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WFY Welcomes Two New Hires to Audit Department

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…
roth ira

Roth IRA Conversion During Coronavirus – Is Now the Right Time?

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…
Gift and Estate Planning

Why Gifting During an Economic Downturn May Be Right for You

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…
ppp
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Non-Deductibility of PPP Related Expenses to the Extent of Forgiven PPP Funds (IRS Notice 2020-32)

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…
business transition
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Business Transition Preparedness Post COVID-19

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,…
cares act
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Learn the Business Benefits of the CARES Act

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…
economic impact payment
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IRS Launches Economic Impact Payment Direct Deposit Portal

Today, the IRS launched a portal specifically focusing around the Economic Impact Payment. The portal is designed for taxpayers to check the status of their stimulus payment, set up direct deposit, and more.  Click here to visit the Economic…