The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: accounting

When does your nonprofit owe UBIT on investment income?

In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI). Dividends, interest, rents, annuities and other investment income generally are excluded when calculating unrelated business income tax (UBIT). However, there are two exceptions where such income is taxable. 1. Debt-financed property When your nonprofit incurs debt to acquire an income-producing… Continue Reading

Five Accounting Mistakes Not-for-Profits Should Avoid

To err is human, but your not-for-profit’s supporters, not to mention the IRS, may be less than forgiving if errors affect your financial books. Fortunately, if you attend to details, you can avoid these common accounting mistakes:  1. Failing to follow accounting procedures. Even the smallest nonprofit should set formal, documented and detailed procedures for… Continue Reading

Accounting Update on Employee Benefit Plans

In February 2017, the Financial Accounting Standards Board issued Accounting Standards Update No. 2017-06. The new standard clarifies the presentation requirement for master trust and requires more detailed disclosures of the Plan’s interest in the master trust. The update is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted and is… Continue Reading

Houston CPA Society Energy Conference Chair, Brian Baumler & Vice Chair, David Butler Discuss The 13th Annual Conference

Russ: Hi, I’m Russ Capper with The BusinessMakers Show and I’m here to talk about the 13th annual Houston CPA Society Energy Conference, and I’m joined by Brian Baumler, Audit Director and head of the energy practice at PKF Texas, and Chair of the conference; Brian, good to see you. Brian: Good to see you… Continue Reading

Brian Baumler Discusses 13th Annual Houston CPA Society Energy Conference

Russ: Hi, I’m Russ Capper with The BusinessMakers Show and we’re here to talk about the 13th Annual Houston CPA Society Energy Conference and I’m here with Brian Baumler, Audit Director and head of the Energy Practice at PKF Texas and also Chairman of the conference; Brian, welcome. Brian: Thank you Russ, appreciate it very… Continue Reading

Learning More About Joint Venture Strategic Advisors (JVSA) Part II

  Russ: This is the PKF Texas Entrepreneur’s Handbook. I’m Russ Capper, this week’s guest host. I’m here once again with Kenneth Guidry, President of PKF Texas; welcome back to the Playbook Kenneth. Kenneth: Always good to be here Russ. Russ: You bet. So last time I was here I heard stories about this a… Continue Reading

Joint Venture Strategic Advisors (JVSA) Launched by PKF Texas and Catalyst

Russ: This is the PKF Texas Entrepreneur’s Playbook. I’m Russ Capper, this week’s guest host, and I’m here with Kenneth Guidry, President of PKF Texas. Kenneth, welcome to your playbook. Kenneth: Good to be here Russ. Russ: You bet. So I recently had the opportunity to interview you for The BusinessMakers Show and we talked… Continue Reading

You may be able to save more for retirement in 2015

Many retirement plan contribution limits increase slightly in 2015; thus, you may have opportunities to increase your retirement savings: Type of limitation 2014 limit 2015 limit Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans $17,500 $18,000 Annual benefit for defined benefit plans $210,000 $210,000 Contributions to defined contribution plans $52,000 $53,000 Contributions to SIMPLEs… Continue Reading

Growing Your International Business – Strategies at the 2nd Annual International Business Forum

Russ: This is PKF Texas Entrepreneur’s Playbook. I’m Russ Capper, this week’s guest host. And today I’m here with Frank Landreneau, International Tax Director at PKF Texas. Frank, it’s good to have you back on the Playbook. Frank: Thank you, Russ. Good to be here. Russ: You bet. Well, I’m always impressed with the amount… Continue Reading

New Additions to PKF Texas Director Group – Ryan Istre, Samir Jabiyev and Chris Hatten

At PKF Texas, one of our taglines is “PKF – People the Key to our Future.” With this in mind, we’re pleased to announce Ryan Istre, CPA, Samir Jabiyev, CPA and Chris Hatten, CPA have been promoted to Audit Director. “I am pleased to welcome Ryan, Samir, and Chris into the firm’s Director group,” said… Continue Reading

Best of The PKF Texas Entrepreneur’s Playbook – Kenneth Guidry, CPA

Karen: This is the PKF Texas Entrepreneur’s Playbook. I’m Karen Love, Director of Practice Growth, and I’m here with Kenneth Guidry President of PKF Texas. Welcome back to the Playbook, Kenneth. Kenneth: Thank you Karen. Karen: Well I’d like to get your perspective now on the fact that you are a leader of your accounting… Continue Reading

Business Tax Items to Finalize Before Year End

Russ: This is PKF Texas Entrepreneur’s Playbook. I’m Russ Capper, guest host today, and my guest, once again, is Matt Powalski, a Tax Associate at PKF Texas. Matt, great to have you back on the Playbook. Matt: Thanks again, Russ. Russ: Okay, so let’s look at year-end tax planning once again. But let’s think about… Continue Reading

New Year, Old Job? Turning Career Apathy into Career Opportunities

In honor of the coming New Year, the Cubesters surveyed professionals over the causes of career apathy and solutions to make your old job feel new again. Look for more blog posts in the coming weeks and for the Cubester Chat article appearing in the January 2014 edition of the Leading Edge magazine. “Look for… Continue Reading