Archives for wright ford young & co

WFY Sponsors TACA’s 13th Annual Ante Up for Autism Benefit Gala

November 8, 2019 | by | Comments Off on WFY Sponsors TACA’s 13th Annual Ante Up for Autism Benefit Gala

WFY was proud to be a Full House Sponsor of TACA’s 13th Annual “Ante Up for Autism” benefit gala. The Autism Community in Action’s (TACA) Orange County chapter held its 13th annual “Ante Up for Autism” fundraising gala on Saturday October 26, 2019 at the Waterfront Beach Resort in Huntington Beach. Wright Ford Young & Co. was proud to continue its long standing support of TACA through a program sponsorship of the very successful event. TACA is a national nonprofit 501(c)(3) organization founded in 2000 by Glen and Lisa Ackerman with the mission to provide education, support and hope to
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, ante up for autism, autism, benefit gala, ca, california, certified public accountants, cpa, cpa firm, oc, orange county, southern california, sponsor, taca, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

WFY Partner Kahni Bizub as Panelist at 2019 Business Owner Summit

November 8, 2019 | by | Comments Off on WFY Partner Kahni Bizub as Panelist at 2019 Business Owner Summit

On November 8th, WFY Senior Tax Partner, Kahni Bizub, will be one of the panelists for WealthWise Financial Services’s 2019 Business Owner Summit. The 2019 Business Owner Summit is a day-long event which includes discussing topics such as scaling your business, income tax strategies, retirement plans strategies, and more. The keynote speakers are Jacob M. Gerber, an equity & multi-asset investment director, and E. Luke Farrell, a fixed income investment director. Kahni Bizub’s specialty is tax planning and compliance services for closely-held and family-owned businesses and their key executives in the service, manufacturing, and distribution industries. She has served some
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, business owner summit, ca, california, certified public accountants, cpa, cpa firm, newsletter, oc, orange county, southern california, tax, tax firm, taxation, taxes, wealthwise, wfy, wright ford young, and wright ford young & co.

WFY Title Sponsors Veterans Legal Institute’s Lawyers for Warriors Event

October 3, 2019 | by | Comments Off on WFY Title Sponsors Veterans Legal Institute’s Lawyers for Warriors Event

Wright Ford Young & Co. had the privilege of serving as the title sponsor to the Veterans Legal Institute’s annual Lawyers for Warriors event on Monday, September 23rd.  Senior audit partner Jeff Myers spoke on Wright Ford Young’s behalf to honor our ongoing partnership with the Veterans Legal Institute. Lawyers for Warriors is an event that started four years ago where over 250 business leaders who represent legal, medical, financial, military, and other professional industries can network, enjoy wine and appetizers, and recognize those legal community leaders who have graciously offered their services to our veteran heroes.  All the proceeds
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, california, certified public accountants, cpa, cpa firm, lawyers for warriors, orange county, sponsor, tax, tax firm, taxation, taxes, veterans legal institute, vli, wfy, wright ford young, and wright ford young & co.

WFY Attends Meet the Firms at CSUF and NAU

October 3, 2019 | by | Comments Off on WFY Attends Meet the Firms at CSUF and NAU

On Thursday, September 26th, a group of our Wright Ford Young & Co. employees attended California State University, Fullerton’s Meet the Firms event as well as Northern Arizona University’s Career & Graduate School Expo. These type of meet and greet events are a way for students and professionals in the accounting community to network with a wide range of firms from boutique to the Big Four.  We attend these events to educate students about WFY and what we do, and encourage them to get a hands-on learning experience with our firm. Wright Ford Young & Co. thanks California State University,
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Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, california, california state university fullerton, certified public accountants, cpa, cpa firm, csuf, firm, meet the firms, nau, norther arizona university, orange county, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

WFY Attends Anaheim Angels Game

August 21, 2019 | by | Comments Off on WFY Attends Anaheim Angels Game

On Saturday, August 17th, Wright Ford Young & Co. attended the Anaheim Angels vs. Chicago White Sox game at the Angel Stadium in Anaheim. Our audit, tax, and all other departments came together to celebrate one of our core values: we have fun!  About 150 friends, family, and employees of WFY attended the exciting game during a perfect day for baseball. Everyone enjoyed the game with popcorn, hot dogs, nachos, and other delicious baseball game treats. The game started off slow with a tied game by the end of the 2nd inning, but the White Sox took a 4-1 lead
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Categories: Company News and Newsletter and Updates.
Tags: accounting, accounting firm, anaheim, anaheim angels, angels, audit, baseball, certified public accountants, cpa, cpa firm, departments, estates, fun, los angeles, mlb, tax, tax firm, taxation, trusts, wfy, and wright ford young & co.

Cyndi LeBerthon Appointed Chair of CalCPA Peer Review Committee

June 12, 2019 | by | Comments Off on Cyndi LeBerthon Appointed Chair of CalCPA Peer Review Committee

Wright Ford Young & Co.’s Audit Partner, Cyndi LeBerthon, has been appointed Chair of the CalCPA Peer Review Committee for the term 2019 through 2021. This committee of 20 members is responsible for overseeing all peer reviews of CPA firms in California, Arizona and Alaska administered by CalCPA. The peer review committee evaluates the results of the peer reviews, determines the need for follow up remedial or corrective actions, and oversees the performance of AICPA qualified peer reviewers in California, Arizona and Alaska. These measures taken ensure compliance with the AICPA Peer Review Program. Cyndi has served on the peer review committee since
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Categories: Industry News and Newsletter and Updates.
Tags: accountants, accounting, audit, ca, calcpa, certified public accountants, cpa, cpa firm, cyndi leberthon, irvine, orange county, peer review committee, tax, tax firm, taxation, wfy, wright ford young, and wright ford young & co.

New Partnership Audit Rules for 2018 Tax Filing Year

February 7, 2019 | by | Comments Off on New Partnership Audit Rules for 2018 Tax Filing Year

For the 2018 tax filing year, there are new Internal Revenue Service (IRS) partnership audit rules [also adopted by the California Franchise Tax Board (FTB)] in which the partnership, not its members, will now be responsible for tax adjustments under audit. There is a very narrowly defined opt-out provision that many partnerships do not qualify for.  Please consider amending the partnership operating agreement to designate a “partnership representative” to represent the company in disputes with the IRS or the FTB.  Also, you should consider including language regarding the responsibility of tax audit adjustments pursuant to the three allowable methods: “amend”,
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Categories: Newsletter and Updates.
Tags: 2018, accountants, accounting, amend, audit, certified public accountants, cpa, ftb, IRS, irvine, method, new rules, partnership audit rules, partnerships, pull in, pull out, tax, taxation, taxes, wfy, wright ford young, and wright ford young & co.

Estate & Trust Department Welcomes Three New Hires

February 7, 2019 | by | Comments Off on Estate & Trust Department Welcomes Three New Hires

As tax season starts, WFY welcomes three new hires to our Estate & Trust department: Lisa Marking, Heena Shah, and Ann Doan.  We are pleased to welcome these new hires to the WFY team. Lisa Marking Lisa Marking joined Wright Ford Young & Co.’s Estate & Trust department as an Estate & Trust manager.  She went to Pepperdine University to receive her undergraduate degree as well as her law degree.  Lisa also attended University of Southern California to receive her Master’s degree in Taxation.  During her free time, Lisa likes to travel and attending music concerts. Heena Shah This month,
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Categories: Newsletter and Updates.
Tags: accountants, accounting, careers, certified public accountants, cpa, estates, estates & trusts, estates and trusts, manager, new hires, staff, supervisor, tax, taxation, trusts, wfy, wright ford young, and wright ford young & co.

Rental Real Estate Owners-Guidance Related to the 20% Pass-through Deduction

February 4, 2019 | by | Comments Off on Rental Real Estate Owners-Guidance Related to the 20% Pass-through Deduction

On January 18, 2019, the IRS issued a notice providing “safe harbor” conditions under which rental real estate activities will be treated as a trade or business for purposes of the IRC Section 199A deduction. To qualify for the safe harbor: Separate Books and records must be maintained for each rental real estate enterprise. At least 250 hours of rental services must be performed by the taxpayer and/or workers for the taxpayer during the tax year for each rental real estate enterprise.  To clarify, a real estate enterprise may be one rental or multiple rentals.  Commercial and residential rentals cannot
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Categories: Industry News and Newsletter and Updates.
Tags: 1099, 199a, accountants, accounting, certified public accountants, cpa, irc, IRS, irvine, real estate, rentals, safe harbor, section 199a, tax, tax firm, taxation, taxes, taxpayer, wfy, wright ford young, and wright ford young & co.

WFY Grows Tax Department Before 2018 Tax Season

January 10, 2019 | by | Comments Off on WFY Grows Tax Department Before 2018 Tax Season

WFY grows their firm with eight new hires: Michael Montgomery, Jennifer Nguyen, Karla Young, Alice Wang, Jeff Hwang, Linh Trinh, and Farheen Kolsy.  All these new hires are joining WFY’s tax department as tax staff or tax interns.  WFY is pleased to welcome these new hires to the WFY team. Michael Montgomery Joining the WFY tax staff is Michael Montgomery. Michael graduated from CSU Fullerton in 2015 and has a Bachelor’s degree in Business Administration, with a concentration on Accounting.  With his experience in accounting, he has mainly worked in offices that specialize in small businesses and individuals.  During the
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Categories: Newsletter and Updates.
Tags: accountants, accounting, california, certified public accountants, cpa, hired, irvine, jobs, new, new hires, oc, orange county, southern california, tax, tax department, taxation, taxes, wfy, wright ford young, and wright ford young & co.