Pannell Kerr Forster of Texas PC

Pannell Kerr Forster of Texas, P.C. (PKF Texas) is a Houston-based firm of CPAs and professional advisors focused on delivering solutions to clients at every stage of business.

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The Securities and Exchange Commission (SEC) announced on June 29, 2020 that the EDGAR system was upgraded to Release 20.2 and no longer supports the following taxonomies: 2018 US GAAP Financial Reporting Taxonomy, 2018 SEC Reporting Taxonomy, 2012 and 2013 Investment Schedule (INVEST), 2016 Countries (COUNTRY), 2017 Currencies (Currency), and 2018 Exchanges (EXCH).…
After careful planning and collaboration with the Employee Benefit Plan Audit and Consulting niche team, PKF Texas hosted its first virtual Zoom webinar during the COVID-19 pandemic, “Retirement Plans: Navigating Recent Law Changes & Using Them to Your Advantage,” on June 25, 2020. The webinar featured Kristin Ryan, CPA, PKF Texas; Carl Gillette, Aon; and Brian Giovannini, Haynes and Boone, LLP, where they discussed: Key provisions of the CARES Act, SECURE Act and other regulatory…
As trusted business advisors, we enjoy working with you to co-create ideas and co-develop innovative solutions for your business. Even amidst the COVID-19 pandemic, we still want to continue providing valuable information, including upcoming Houston events that we support, and think may be of interest to you. TXCPA Houston K Carpenter Associates Inc. (KCA) Turnaround Management Association – Evening Networking Turnaround Management Association – Morning Networking Houston Business Journal If you have questions about any…
We are pleased to announce one of PKF Texas’ Founding Shareholders and recently retired Directors, Kenneth Guidry, is the recipient of an inaugural award from the Houston Business Journal. At their Most Admired CEOs virtual event on August 20, 2020, they will award Kenneth with the Lifetime Achievement Award, commemorating his career and impact on the Houston community. Guidry officially retired from PKF Texas in January 2020 but assumed the new role as a…
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIP) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic threats caused by COVID-19. The U.S. Government Accountability Office (GAO) reports that $269.3 billion of EIPs have already been sent through a combination of electronic transfers to bank accounts, paper checks and prepaid debit cards. Eligible…
There are many ways for a not-for-profit organization to lose its tax-exempt status — including participating in lobbying and campaign activities, receiving excessive unrelated business income and allowing board members to financially benefit from their positions. But the most common reason not-for-profits lose their status is failure to file an annual Form 990 or 990-N for three consecutive years. If your organization has landed on the IRS’s revocation list for this reason, don’t panic.…
This week marks the launch of PKF Advisory, a joint venture company offering valuation and transaction advisory services to serve private equity firms and other businesses in need of Mergers & Acquisitions services. The company comprises six PKF International affiliate firms under one name: PKF Texas PKF O’Connor Davies JLK Rosenberger PKF Mueller Berkowitz Pollack Brant PKF Boston PKF Texas’ Chief Growth Officer, Byron Hebert, will lead the venture as a Managing Partner and…
The 2020 presidential election is fast approaching and your not-for-profit has a stake in its outcome. But that doesn’t mean your organization is free to participate in campaign activities. In general, Section 501(c)(3)s risk losing their tax-exempt status if they participate in campaigning. However, there’s more nuance in the rules than you might suspect.…
Many taxpayers don’t make the grade when it comes to recordkeeping. If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully record your expenses in order to claim the full amount of the tax deductions to which you’re entitled. And you want to make sure you can defend the amounts reported on your tax returns…