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K Carpenter Associates Inc. (KCA) is hosting its first Houston Energy Breakfast of the year on Friday, March 29, 2019 – “Evolving in the Energy Sector Means…” Once again, PKF Texas is a proud sponsor of this “can’t miss” networking event. Attendees will hear from a lineup of speakers who offer their insight on sectors in oil, natural gas, power and renewable industries. The March edition speakers include: Trent Lee, Managing Director, Gulf Coast Region,…
A celebrity — whether they’re Hollywood stars, hometown sports heroes or local TV news anchors — can provide a big boost to the not-for-profits they publicly support. The flip side is that stars can also harm an organization by association. Accusations connected with the #MeToo movement and other crises have recently brought down many famous people and, in some cases, caused major headaches for the charities they’ve supported.…
If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not eligible for the child tax credit. But there’s a dependent tax credit that may be available to you. It’s not as valuable as the child tax credit, but when you’re saving for college or paying tuition, every dollar counts!…
https://youtu.be/_Uklb1CpSC4 Russ: This is PKF Texas – The Entrepreneur’s Playbook. I’m Russ Capper, this week’s guest host, and I’m coming to you from the Gulf Coast Regional Family Forum. I’m here with Scott Clemons, Partner and Chief Investment Strategist of Brown Brothers Harriman. Scott, welcome to The Playbook. Scott: Good morning, Russ. Thank you for having me. Russ: You bet. Tell us about your firm. Scott: Brown Brothers Harriman & Company is a…
What’s in a name? The PKF Texas Cubester® group has noticed a trend among young professionals – an emphasis of job titles and chasing them in order to advance careers and life. Of course, other factors influence these young professionals to move jobs – benefits, “perks,” life changes and more – but recently there seems to be an added emphasis on an elevated title. It’s a topic which has inspired in depth discussions driven by…
If you think that, once your not-for-profit receives its official tax-exempt status from the IRS, you don’t have to revisit it, think again. Whether your organization is a Section 501(c)(3), Sec. 501(c)(7) or other type, be careful. The activities you conduct, the ways you generate revenue and how you use that revenue could potentially threaten your exempt status. It’s worth reviewing the IRS’s exempt-status rules to make sure your organization is operating within them.…
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. Filing Requirements Generally, you must file a gift tax return for 2018 if, during the tax year, you made gifts:…
https://youtu.be/Uy01tQE-yUg Russ: This is PKF Texas – Entrepreneur’s Playbook. I’m Russ Capper, this week’s guest host, and I’m coming to you from the Gulf Coast Regional Family Forum. I’m with Del Walker, Tax Practice Leader at PKF Texas, and founding organizer of the forum. Del, great to have you. Del: Russ, it’s always a pleasure, my friend. Always a pleasure. Russ: We’ve completed now, your fourth, and this is my fourth interview with you after…
In our continuing effort to help co-create solutions for business’ future, we offer the following ideas, insights and perspectives in the latest edition of the Leading Edge Digital Magazine. These thought leadership pieces are ready to be accessed any time, anywhere at LeadingEdgeMag.com/PKFTexas. If you have topics you would like us to cover, contact us. As always, we enjoy receiving comments and feedback from our clients and the friends of our firm.…
In recent years watchdog groups, the media and others have increased their scrutiny of how much not-for-profits spend on programs vs. administration and fundraising. Your organization likely feels pressure to prove that it dedicates most of its resources to programming. However, accounting rules require that you record the full cost of any activity with a fundraising component as a fundraising expense. How then can you maintain an appealing fundraising ratio? That’s where allocating joint costs…