Your not-for-profit has likely grown and evolved since it was founded. Have your bylaws kept pace? Bylaws are the rules and principles that define your organization — and, if you haven’t revisited them recently, they may not be as effective
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.
Latest from The CPA Desk - Page 8
How Section 179 Depreciation Deduction Affects Businesses
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And it…
Know the Pitfalls of Preparing Your Business for a Sale
By PKF Texas
Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Matt Goldston, an Entrepreneurial Advisory Services Director and one of the faces of PKF Texas’ Transaction Advisory Services Team. Matt, welcome back…
Top SEC Comment Letter Issues in 2018 – an Analysis
Based on the number of SEC comment letters publicly published, the overall volume has been steadily decreasing for the last nine years. We looked at the most common issues raised in an SEC comment letter; the table below shows 10…
Is There Occupational Fraud in Your Not-for-Profit?
By Nicole Riley
Not-for-profit organizations don’t lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified Fraud Examiners’ (ACFE’s) 2018 Report to the Nations, not-for-profits lost a median amount of $75,000 during the 21-month study period,…
Does Volunteering for Charity Get You a Tax Break?
If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth.
Because…
How to Maximize Opportunity with FDII
By PKF Texas
Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski and I’m back again with Frank Landreneau, one of our International Tax Directors. Frank, welcome back to The Playbook.
Frank: Thanks, Jen. It’s great to be back.…
Why Cause Marketing is Good for Not-for-Profits
By Jen Lemanski & Siri Svay
Not-for-profits with multiple sources of support are generally less likely to have budget shortfalls and are better able to grow and expand their services. If you’re looking for new funding sources, consider cause marketing.
Made possible via a partnership with…
New 2019 Compliance Supplement Available
By Nicole Riley
According to a July 1, 2019 Notice from the Office of Federal Financial Management, the 2019 Office of Management and Budget Compliance Supplement (2019 Compliance Supplement) is now available. It will replace the 2018 and 2017 Supplements and will apply…
Social Security Benefits May Require Paying Tax
By Becky Leong
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may…