The CPA Desk

A Thought Leader Production by PKFTexas

The opportunity zone tax incentive program received a new set of proposed regulations from the U.S. Department of the Treasury. PKF Texas Tax Director, Martin Euson, published another article on the Houston Business Journal website, expanding on previously published articles on the topic. In his article, Euson states the much-needed guidance was issued in April 2019. The goal is to help investors, fund managers, developers and sponsors take advantage of the tax incentives offered by…
Many not-for-profit organizations use fundraising methods which cross boundaries of different states. If your not-for-profit is one of them, it may need registration in multiple jurisdictions. But keep in mind that registration requirements vary — sometimes dramatically — from state to state. So be sure to determine your obligations before you invest time and money in registering.…
We all know the cost for higher education is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at public four-year universities — and $35,830 for students at private not-for-profit four-year institutions. These amounts don’t include room and board, books, supplies, transportation and other expenses a student may incur.…
The fall Houston Energy Breakfast from KCA is on Friday, September 20, 2019 at the Norris Conference Center. PKF Texas is once again proud to be the Networking Sponsor of this event.   Continuing the conversations in “Evolving in the Energy Sector Means…”, the speakers of the September edition are: T. Dukes, Research Director, Wood Mackenzie Allen Gilmer, Founder, Drillinginfo, Inc. – now Enverus Steve Barrett, Senior Vice President Business Development, Oceaneering Keith Barnett,…
Following our July 16th employee benefit plan seminar, PKF Texas hosted “Employee Health & Wellness: Using Data Analytics to Improve Employee Engagement, Productivity and Reduce Costs.” Audit Senior Manager, Kristin Ryan, CPA, moderated the panel, which included: Rabih Suki, Founder, CEO and CSO, DHS Group, and Lara Bunn, National Population Health Management Operations Leader, USI…
Here are some of the key tax deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. October 15 If a calendar-year C corporation that filed an automatic six-month extension: File a 2018 income tax return (Form 1120) and pay any tax, interest and penalties due. Make contributions for 2018 to certain employer-sponsored retirement plans.…
The SEC issued two final rules affecting broker-dealers and investment advisors in an open public meeting on June 5, 2019, which are effective September 10, 2019. These new rules are designed to increase investor protections and require broker-dealers to adhere to a new standard of conduct, which goes beyond the basic suitability standards currently in place. Although this is still not equivalent to the fiduciary standard required by investment advisors, this new rule will result…
It’s never easy to say “no” to a generous donor. But a gift acceptance policy can make the decision and process easier. When you receive a personal gift from a friend or family member — even if it’s not something you particularly want — you accept the gift and thank the person. The same isn’t always true of gifts given to your not-for-profit. Why? There are many reasons, from space limitations to unsuitability to your…
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The third 2019 estimated tax payment deadline for individuals is Monday, September 16. Even if you do have some withholding from paychecks or payments you receive, you may still have to make estimated payments if you receive other types of income, such as Social Security, prizes,…