On June 17th and 19th, the Rice Business Plan Competition is going virtual for the first time in history! PKF Texas is proud to again serve as the official accountants for the competition. The previously scheduled in-person competition was canceled in early March in response to the COVID-19 pandemic.
For the June 17 virtual session,
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020. The Act provides support to both individuals and businesses amidst the COVID-19 pandemic, including changes to retirement plans.
With this in mind, we want to share with you a special FAQ regarding questions you may have:
Although most not-for-profits have been hurt by the coronavirus (COVID-19) pandemic, your organization’s specific challenges probably depend on your mission, constituency and other factors. For example, social distancing rules have forced most arts organization to temporarily shut down and furlough employees. Many social services charities, on the other hand, have remained open and are struggling to meet surging demand for services.
What unites the not-for-profit sector right now is financial insecurity. Without reserves and a resilient revenue model, you may be unable to continue operations. Here’s how your leadership needs to act to keep your organization afloat.
Continue Reading COVID-19 and Your Not-for-Profit’s Action Plan
As we all try to keep ourselves, our loved ones and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes which were part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27, 2020. The CARES Act contains a variety of relief, notably the “economic impact payments,” which will be made to people under a certain income threshold.
But the law also makes some changes to retirement plan rules and provides a new tax break for some people who contribute to charity.
Continue Reading How CARES Act Changes Retirement Plan and Charitable Contribution Rules
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your not-for-profit organization? It depends on your group’s size, financial condition and other factors. But most nonprofits affected by the coronavirus (COVID-19) outbreak are eligible for some relief
On Friday, March 27th, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act provides support to both individuals and businesses, including changes to tax policy.
With this in mind, we want to share with you a special tax briefing which summarizes the following:
As the COVID-19 situation continues to evolve, the priority at PKF Texas remains on doing our part to ensure the health and well-being of our staff, our clients and our community.
Following Harris County Judge Lina Hidalgo’s March 24th Stay Home-Work Safe order, PKF Texas is doing just that.
While our physical office is now
On Friday, March 20th, the IRS issued Notice 2020-18, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. This provides individual and corporate taxpayers an extension for the tax return filing and payment deadline to July 15, 2020.
Notice 2020-18 expands upon and supersedes Notice 2020-17.
With this in mind, we want
We know you rely on PKF Texas to provide you with information to assist you when evaluating and making critical business decisions. With this in mind, we want to share with you a special tax briefing which summarizes the following:
On Wednesday, March 18th, the IRS issued Notice 2020-17, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. This provides individual and corporate taxpayers an extension of time for the payment of income tax amounts due at April 15, 2020. This is an automatic extension of time to pay for 90 days, until