logo for Rice Business Plan Competition for 2020, designed with blue background and yellow sparksOn 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,

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.

theatre marquee reading "This is just intermission. We'll see you soon." during COVID-19 pandemic

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.

man in a blue button down shirt holds a pen to paper to sign documents; image used for a blog post about the CARES Act affecting retirement plans and charitable donation rules

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