Posts

AI in Auditing
By Carissa DeLuca, CPA, CFE
Audit Manager
For several years now we’ve been hearing about how Artificial Intelligence (AI) is the future of seemingly just about every industry. Industries from healthcare to banking have…

Employers with Over 50 Employees Must Register with CalSavers by June 30
By June 30, 2021, nonexempt employers with more than 50 California W-2 employees must register with the CalSavers program.
For exempt employers, if you've already offered a retirement plan, you do not have to participate in the program,…

Significant Tax Provisions from Biden’s American Rescue Plan Act
Richard A. Huffman, CPA, MST
Tax Partner
The American Rescue Plan Act signed into law by President Biden includes the following significant tax provisions:
Business tax provisions:
Family and sick leave credits –…

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…

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…