Archives for small business

Partner Andy Bautista Featured in Podcast Discussing COVID-19 Topics

October 1, 2020 | by | Comments Off on 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 are facing throughout the pandemic. In this episode of The Business Talks Podcast, Andy begins his discussion on the important tax impacts this year at the 8 minute mark of the podcast. He touches base on topics such as tax planning for 2020, PPP loans, higher potential tax rates with an administration change, and more.  Andy joined other local business specialists Michael Krengel,
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, business, ca, california, certified public accountants, coronavirus, covid, covid19, cpa, cpa firm, irvine, newsletter, oc, orange county, pandemic, small business, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

Why Gifting During an Economic Downturn May Be Right for You

May 14, 2020 | by | Comments Off on Why Gifting During an Economic Downturn May Be Right for You

Janelle Tokunaga, CPA, MST Tax Supervisor   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 economic downturn.  With the extra time you have at  sheltering in place, it may be a good time to revisit your current estate and gift plan. To recap: the 2020 Federal lifetime exemption is $11.58 million per person, including inflation, and the 2020 annual Federal gift exclusion is $15,000 per donee and donor.  The current economic market is showing decreased values
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Categories: Newsletter and Updates.
Tags: accountant, accountants, accounting, ca, california, certified public accountants, coronavirus, covid19, cpa, cpa firm, estate, estates, firm, gift plan, gifting, irvine, oc, orange county, plan, small business, southern california, tax, tax firm, tax planning, taxation, taxes, trusts, wfy, wright ford young, and wright ford young & co.

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

May 1, 2019 | by | Comments Off on Problems Faced Between You and Your Current CPA This Past Tax Season

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
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Categories: Newsletter and Updates.
Tags: accountant, accountants, accounting, audit, business, california, certified public accountants, company, cpa, erisa, estates, estates and trusts, irvine, issues, orange county, plan, problems, small business, southern california, tax, tax season, taxation, TCJA, trusts, and wfy.

How to Create an Effective Small Business Website

April 29, 2016 | by | Comments Off on How to Create an Effective Small Business Website

National Small Business Week runs from May 1 through May 8. More than half of Americans either own or work for a small business, and these entities create about two out of every three jobs in the United States each year, according to the U.S. Small Business Administration. Most of today’s small businesses couldn’t survive without a website. An effective site can significantly broaden your geographic reach and showcase what differentiates you. Here are some tips for improving the effectiveness of your small business website to maximize its full potential — without breaking the bank. Freshen It Up When’s the
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Categories: Newsletter and Updates.
Tags: redesign, small business, and website.