The CPA Desk

A Thought Leader Production by PKFTexas

Latest from The CPA Desk

https://youtu.be/8o-kLavIMao Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Marty Lindle, one of our audit directors and one of the faces of our PKF Texas broker-dealer team. Marty, welcome back to the playbook. Marty: Nice to be here. Jen: So, where we left off last time we spoke was you were going to share some trends that you’re seeing in the broker-dealer space. What do we…
We hosted our third not-for-profit seminar of 2019, “Nonprofit Governance & Risk Management,” on November 6th. It was a compelling topic to close the year! Our speaker was attorney Nicola Fuentes Toubia, whose work is dedicated to legal and tax issues facing nonprofits. In her discussion, Toubia provided tips on better governance best practices and offered insight on various areas where organizations are susceptible to risk.…
https://youtu.be/aWiUmZ1se8I Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m here today with Marty Lindle, a Director in our Audit department and one of the faces of PKF Texas’ Broker-Dealer team. Marty, welcome back to The Playbook. Marty: Thanks, Jen. Thanks for having me. Jen: I know that the PCAOB recently released their eighth annual report on the interim inspection program for auditors. Can you give us an overview of…
As trusted business advisors, we enjoy working with you to co-create ideas and co-develop innovative solutions for your business. To supplement this, we also want to provide valuable information, including upcoming Houston events that we support, and think may be of interest to you. Greater Houston Partnership – Industry Forum Turnaround Management Association Client Exclusive – Not-for-Profit Seminar An Evening with PKF Texas National Association of Corporate Directors Greater Houston Women’s Chamber of Commerce Meet…
To properly fulfill their fiduciary duties, your not-for-profit’s board needs certain information from its board members, and it’s up to the executive director and managers to ensure they have it. This doesn’t mean you have to share every internal email, memo or phone message. Board members are busy and you don’t want to bog them down with superfluous reading material. However, there are several types of information you must share so that they can make…
https://youtu.be/xCEYnBq7dwc Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back once again with Nicole Riley, one of our audit senior managers and one of the faces of PKF Texas’ broker-dealer team. Nicole, welcome back to the Playbook. Nicole: Great to be here. Jen: So, broker-dealer, what is that? Nicole: So, a broker-dealer is a highly regulated company that traditionally buys and sells securities. That’s really where the name comes…
Some of your not-for-profit’s communications are of interest only to a select group of your supporters. But your organization’s annual report is for all stakeholders — donors, grantmakers, clients, volunteers, watchdog groups and the government. Some report elements are nonnegotiable, such as financial statements, but you also have plenty of creative license to make your report engaging and memorable for its wide-ranging audience.…
If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the Rule Works Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the 30-day period before or after the sale date, the loss can’t be claimed for tax purposes. The rule is designed…
https://youtu.be/kGzK6AkZi1o Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Kristin Ryan, an audit senior manager and one of the faces of PKF Texas’ Employee Benefit Plan team. Kristin, welcome back to the playbook. Kristin: Good to be here. Jen: So, we’ve talked about fiduciary responsibilities, but what are some of the main causes of fiduciary noncompliance in 401(k) plans? Kristin: What we do commonly see is…