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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…

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…

Partner Andy Bautista Featured in Podcast Discussing COVID-19 Topics
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…

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…

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…

Avoid Phishing in the Time of COVID-19
As the uncertainty of the coronavirus pandemic continues, scammers are using different ways to gather your information and use it for ransom.
Some websites are offering information on COVID-19 relief programs in exchange for signing up through…

Summary Analysis of Coronavirus Enacted Laws
By Richard A. Huffman, CPA, MST
With the recently enacted laws to help companies with the current Coronavirus pandemic, there has been confusion regarding which benefit programs will apply to what companies.
In our efforts to assist you…