Posts

New COVID Relief Bill Expanded Employee Retention Credit Benefits
Richard A. Huffman, CPA, MST
Tax Partner
The recently enacted stimulus law expands and clarifies the CARES Act Employee Retention Credit (ERTC), key details are as follows:
Beginning on January 1, 2021 and through June…

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…

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…