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
The CPA Desk
A Thought Leader Production by PKFTexas
The CPA Desk, published by Pannell Kerr Forster of Texas PC, focuses on accounting and financial topics relevant to businesses and not-for-profits. It covers guidance on accounting standards, tax planning strategies including retirement plans like 401(k)s, regulatory compliance issues such as those related to broker-dealers and FINRA audits, and payroll tax responsibilities and penalties for small businesses. The blog also highlights community and networking events relevant to professionals in the accounting and business services fields. Its content is aimed at helping organizations navigate financial reporting, tax obligations, and regulatory requirements.
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Your Not-for-Profit’s Annual Report Could Engage Support
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,…
How to Avoid the Wash Sale Rule when Selling Securities
By Jim Streets
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…
Common Deficiencies in 401(k) Compliance – What to Know
By PKF Texas
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…
Under FASB Vote, Effective Dates for Three Major Standards are Delayed
By PKF Texas
In response to the American Institute of Certified Public Accountants Private Companies Practice Section’s Technical Issues Committee (TIC) request letter from May 13, 2019, the Financial Accounting Standards Board (FASB) has voted to delay effective dates for three major…
Summer 2019 Leading Edge Magazine is Now Live
By PKF Texas
In our continuing effort to help you co-create your business future, we offer the following ideas, insights and perspectives. These thought leadership pieces in the latest Leading Edge Digital Magazine for Summer 2019 are ready to be accessed any time,…
Issuers can “Test-the-Waters” According to Newly Adopted SEC Rule
According to a Sept. 26, 2019 press release, the Securities and Exchange Commission recently voted to adopt a new rule, which allows all issuers to engage in “test the waters” communications with potential investors. According to the SEC, the…
How Buying and Leasing can Benefit Not-for-Profits
By Nicole Riley
If your not-for-profit owns its own facility, it likely will have more control of work space than if you’re leasing. However, ownership carries risks — and leasing can provide several advantages.
If you’re trying to make a buy-or-lease decision, be…
Use a Coverdell ESA to Help Pay for School Costs
There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for contributions made to an ESA, the earnings on the contributions…
When You Find Errors in Your Employee Benefit Plan…
By PKF Texas
Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m here with Kristin Ryan, audit senior manager and one of the faces of PKF Texas’ Employee Benefit Plan team. Kristin, welcome to the playbook.
Kristin:…