The CPA Desk

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You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end. Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions sooner rather than later can have a…
https://youtu.be/vqeT4pQekgs Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Nicole Riley, an audit senior manager and one of the faces of the PKF Texas Broker-Dealer team. Nicole, welcome back to the Playbook. Nicole: Great to be back. Jen: So, the last time you were here we discussed FINRA and the SEC in relation to broker-dealers. Are there common issues that FINRA tends to find when they’re…
We are proud to sponsor the next Greater Houston Women’s Chamber of Commerce Energy Corridor luncheon, hosted at Hotel ZaZa Memorial City on November 13, 2019. The keynote speaker for the upcoming luncheon is Dave Ward, Houston’s iconic Eyewitness News anchor. Ward will discuss and share memories from his best-selling book, Good Evening, Friends: A Broadcaster Shares His Life. Following the program, Ward will be signing copies of his book. The PKF Texas team members…
One of the most laborious tasks for small businesses is managing payroll. It’s critical you not only withhold the right amount of taxes from employees’ paychecks, but also that you pay them over to the federal government on time. If you willfully fail to do so, you could personally be hit with the Trust Fund Recovery Penalty, also known as the 100% penalty. The penalty applies to the Social Security and income taxes required to…
On Wednesday, November 6, 2019, the Greater Houston Partnership is hosting its next luncheon event, titled “2019 Manufacturing Industry Forum,” at the Hilton University of Houston. An update on the industry will be presented by Rich Wells, Chair, Greater Houston Partnership’s Manufacturing & Logistics Committee and V.P. of Gulf Coast Operations and Site Director of Texas Operations at the Dow Chemical Company, Freeport. Mike Molnar, Founding Director, Office of Advanced Manufacturing at the National Institute of…
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…