Posts

CA Lawmakers Reach COVID Relief Deal Including Partial PPP Conformity
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…

The Most Common Anti-Fraud Control
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…

New Tax Senior Joins WFY’s Tax Department
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…

WFY Welcomes New Audit Senior
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…

Six New Hires Join WFY
Wright Ford Young & Co. would like to welcome six new hires to our firm. We have Jerry Owens and Andrew Campos joining our Audit Department; Shannon Zhu, David Pak, and Renee Qiu joining our Tax Department; and Kirsten Capps joining our…

2021 Payroll Tax and Standard Auto Mileage Rate Changes
By Bonnie Thompson
Beginning January 1, 2021, 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 has increased…

New COVID Relief Bill Signed Into Law
Richard A. Huffman, CPA, MST
Tax Partner
The House and Senate passed the Consolidated Appropriations Act, 2021 (CAA, 2021) which is expected to be signed into law by the President.
The CAA, 2021 bill includes…

New California Sales Tax Relief Announced for Small Businesses
Ryan Working, CPA, MST
Tax Director
Back in April 2020, the Governor allowed taxpayers to apply for sales tax penalty and interest relief for 90 days for any taxpayer reporting less than $1 million in sales on their sales tax return.
The…

Applying and Qualifying for CA Small Business Hiring Tax Credit
Cameron Lee
Tax Staff
Applications have recently opened on December 1st, 2020 to apply for California's small business hiring tax credit. This past September, Governor Gavin Newsom signed SB 1447 allowing qualifying small business…

CA Proposition 19 and the Qualified Personal Residence Trust
Nancy Van Lanen
Estate & Trust Director
The recently passed Proposition 19 in California provides expanded property tax benefits by allowing homeowners who are disabled, over 55 years of age, or whose homes were damaged in wildfire…