The CPA Desk

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Category Archives: Observations

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Exports Fuel Houston’s Economy

The U.S. Department of Commerce estimates that for every $1 billion in U.S. manufacturing exports, 5,210 jobs are supported and for every $1 billion in U.S. service exports, 7,033 jobs are supported. As the top exporting metropolitan region in the U.S. ($131.5 billion in 2014), Houston’s exports to the global marketplace play a significant role in… Continue Reading

IRS creates “Healthcare Law Online Resources” site and Publication

IRS creates “Healthcare Law Online Resources” site and Publication The IRS has posted Publication 5093, Healthcare Law Online Resources, on its website. The page has a section for employers as well as individuals that has links to employer resources for information on health insurance, tax/legal responsibilities, and small business resources. The link to health insurance… Continue Reading

An Emotional Day

So, what is hope? What does hope mean to you and your family? Close your eyes and think about that in your life, your family. Right now, what does hope mean to you.  Now think about the people and families of New Orleans who were impacted by Hurricane Katrina….. Yes, that was almost 8 years… Continue Reading

Empathy in Business – We Can Do More

Below is a guest blog from Doug Dillard, a Senior Consultant on our Consulting Solutions team here at PKF Texas. He has written a great entry about the use of empathy in business and what it means to clients. Many options exist when selecting consultants or solution partners out in the marketplace.  Most advertise experience… Continue Reading

Thoughts on Women Entrepreneurs from Richard Branson

Last week at the Fast Tech 50 Luncheon, I mentioned that Houston is the #2 city in the US for Women Entrepreneurs.  Building upon that momentum for our female entrepreneurs, I came across this blog post from Richard Branson, CEO of Virgin Atlantic. He cites a Credit Suisse report, “[It] suggested that businesses with at… Continue Reading

Manufacturing a Driver of Texas’ Economic Growth

I read a great article this morning on the HBJ website about the drivers of Texas’ economic growth. Texas’ manufacturing sector is showing its strength as a major player in the state’s growth. Reporter Olivia Pulsinelli cites an economic report recently released by SigmaBleyzer Investment Group. The report states Texas’ fast job recovery is in part… Continue Reading

Using Sports to Teach Key Values

As we start the new year I came across this article, “Glass Balls and Core Values,” from Scott Morrill that was part of the Boomer Bulletin in December 2011. I have been reflecting upon a message of this type to start the year.  Scott’s article is pretty good and hope it challenges you, as it did… Continue Reading

Guest Spotlight – Craig Abbott – Where were you when…? (A Tribute to Steve Jobs)

It seems everyone in my father’s generation can tell you where they were when John F. Kennedy (JFK) was assassinated.   Regardless of political opinions, it is no surprise that JFK would have this level of impact on that generation.  On October 5th I was in Starbucks working on a personal project, killing time before I… Continue Reading

Traits of Successful CEOs

I read a fantastic article by Justin Menkes in the Harvard Business Review last week.  He talks about the research he did for his book, Better Under Pressure, and the three traits of successful CEOs.  He cites a fascinating statistic, "More than half the companies that were industry leaders in 1955 were still leaders in… Continue Reading

Great Service from a Great Company

On my recent trip to Amsterdam I had the pleasure of flying Continental Airlines and was impressed by the in-flight selection of entertainment that was offered to me in the Economy Class. Having a wide variety of movies, TV shows, music, it made my trip even more enjoyable than before.  It certainly helped pass the time…. Continue Reading

Execs Switching Roles Within Companies

One of my fellow HTC Advisory Board members, Ravi Kathuria, president of Cohegic, was quoted in a recent Wall Street Journal article about corporate executives who change roles within their company, usually to an unfamiliar area.  Cohegic, a management consulting firm, conducted the poll referenced in the article.  It’s an interesting concept.  The execs in… Continue Reading

Optimism about the Economy in 2011

AccoutingWEB recently completed a survey of their readers, asking "What will the U.S. economy do in 2011."  Most of the readers had a positive outlook on the economy.  Only 8% of the respondents had a negative outlook on the economy.  This mirrors what I’m seeing and hearing in my interactions in the Houston business community.  People… Continue Reading

Information on the 2010 Tax Relief Act

As a friend of our firm, we are committed to providing you with information on tax legislation that may have an impact on you and your business.  Maybe this wasn’t first on your Holiday Wish List, but the December 17th signing of this tax legislation by President Obama could put some extra "jingle" in your… Continue Reading

Vector USA Featured on the BusinessMakers Radio Show

Well we have found another one take Jake in our world of PKF Texas.  Our client, Vector USA was recently featured on the BusinessBakers Radio Show. Malcolm Gore, CEO of Vector USA was interviewed by Russ Capper.  You did great Malcolm, you have a career in radio/TV if you ever want to change.  Thank you… Continue Reading

Impact of Social Media

I recently attended a Social Media luncheon hosted by Content Active (one of my favorite web consultants) and I was updated on the increasing, growing spider web of Social Media.  There is no way you will NOT be impacted by Social Media in the next 5 years.  The question is, “Do you have a strategy… Continue Reading

CPA Executive Outlook on Economy Optimistic

I was able to catch up on some reading on the plane to and from Copenhagen. AccountingWeb had a great piece on the CPA executive’s outlook on today’s business environment. They are optimistic about the economy for the first time in two years. The AICPA partnered with the University of North Carolina’s Kenan-Flagler Business School… Continue Reading

The Spring 2010 Issue of the Leading Edge Magazine is Now Online

The Spring 2010 issue of The Leading Edge magazine has hit mailboxes and is available electronically.   Of interest highlights: Cover:Changing work ‘faces’: Capture knowledge before it walks out the door Tax consequences of FBAR filings: Understand the rules, process and penalties Cubester® Chat: A Cubester’s journey to career development How companies benefit from sales tax incentives Lemonade Lessons:… Continue Reading

Rice Business Plan Competition Wrap-up

As you are aware, over the weekend  the Rice Business Plan Competition awarded $1 million in prizes.  The Houston Chronicle ran a story about the competition on the front page of the Saturday’s Business section.  Thanks to Reporter David Kaplan, for quoting me, Brad Burke, and the team from Purdue University, Microfluidic. It was a good… Continue Reading