The 2019 Texas CPA Society (TXCPA) Houston Energy Conference will feature insights from top executives and professionals in the energy sector. This will be Brian Baumler’s – PKF Texas Audit Director – sixth year as Chairman of the conference. Top accounting firms will be represented at this event, along with many other accounting professionals within the industry.

Speakers and panelists will discuss a wide range of topics, such as mergers and acquisitions, technology, E&P and more. Keynote luncheon speaker, Mark McCollum, CEO of Weatherford, will discuss oilfield services outlook and trends. Wrapping up the Energy Conference, Scott McClelland, the President of H-E-B and Chairman of Greater Houston Partnership will speak on economic development initiatives for Houston.

About the conference:

  • When: Wednesday, August 28, 2019 | 7:30 a.m. – 5:30 p.m.
  • Where: Marriott Marquis Houston | 1777 Walker Street, Houston, TX 77010

Attendees will receive up to 10 CPE credits.

What’s on the agenda for the conference? Click here or on the cover to the right to see the conference’s brochure with all the topics and speakers.

To register, visit www.houstoncpa.org.

For more information, contact TXCPA Houston at cpe@houstoncpa.org.

As accountants and trusted business advisors, we enjoy working with you to co-create ideas and co-develop innovative solutions for your business. To supplement this, we also want to provide valuable information, including upcoming Houston events that we support, and think may be of interest to you.

  • Greater Houston Partnership
  • Texas CPA Society – Houston Chapter
  • Client Exclusive – Not-for-Profit Seminar
  • Greater Houston Women’s Chamber of Commerce and National Association of Corporate Directors
  • Turnaround Management Association

If you have questions about any event details or registration information, the organization-specific contacts are below. We hope to see you at any or all of these Houston events!

Continue Reading Mark Your Calendars! Upcoming August 2019 Houston Events…

Is your not-for-profit making the most of its email list? If you send every item to individual donors, corporate supporters, volunteers and the media — regardless of their interests or investment in your organization — you probably aren’t. Email segmentation can help you communicate with everyone more efficiently and effectively.

A man is checking his computer to optimize how he sends emails for his not-for-profit.

Keep Them Tuned In
There are many reasons to think about sending particular emails to only specific slices of your email list. For starters, too many irrelevant emails from your not-for-profit will cause some recipients to tune out or unsubscribe.
Continue Reading How Email Segmentation Can Help Your Not-for-Profit

Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And while the tax caused some families pain in the past, it has gotten worse today. That’s because the Tax Cuts and Jobs Act (TCJA) made changes to the kiddie tax by revising the tax rate structure.

A photo of four children dressed in rain gear to show how families can be affected by the new kiddie tax laws.

History of the Tax
The kiddie tax used to apply only to children under age 14 — which provided families with plenty of opportunity to enjoy significant tax savings from income shifting.
Continue Reading “Kiddie Tax” Rates Can Hurt Your Family – Here’s Why

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Frank Landreneau, a director and one of the faces of our International Tax team. Frank, welcome back to The Playbook.

Frank: Thanks for having me again. It’s a pleasure.

Jen: We’ve covered all sorts of international topics, but one thing we haven’t touched on is tax reform for tax planning strategies for multinational companies coming inbound.

Frank: That’s right. The rules have changed and tax reform, you know, the biggest development is the change in our tax rate for corporations since most inbound companies do business as a corporation and we’ve gone to 21% tax rate. There are revised rules for interest expense deductions and new rules regarding our net operating loss carryforwards.

Jen: Is there any kind of things people should be aware of for a financing strategy for when they’re coming inbound?

Continue Reading Tax Planning Strategies for Foreign Inbound Investment

As in the for-profit world, sometimes not-for-profits need to spend money to make money. This is particularly true when it comes to planning a fundraiser.

An event room full of people contributing to a fundraiser that benefits a particular not-for-profit.

At the same time, you need to resist the temptation to overspend or your special event may not raise the amount you were hoping for. Here’s how to stay on budget.

Continue Reading Plan a Successful Fundraiser for Your Not-for-Profit

Follow the yellow brick road to a city immersed in the arts, culture and commerce. On Saturday, August 24, 2019, the Greater Houston Partnership (GHP) is hosting their annual Soiree: Houston, the Emerald City at Hotel ZaZa. Sonia Freeman, Audit Director and Chief Culture Officer, is the Working Chair, continuing PKF Texas’ long-standing involvement with this event. The Soiree is the GHP’s main fundraiser, supporting initiatives such as education and workforce development, resiliency and a strong economy.

This event features great food, a silent auction and after-party immediately following the soiree. This year, PKF Texas is again serving as the Menu Underwriter. Network the night away as you explore the themed rooms of Hotel ZaZa in search of the Great and Powerful Oz. The 2019 Soiree is sure to be a night like no other.

The menu preview is below:

LONG LIVE THE KING
Sports Concession Menu
Lobster corn dogs with aioli mayo
Jumbo baked pretzels
Chile con queso nachos
Specialty Drink
Houston’s own Karbach beer

MY LITTLE PRETTY 
Menu
Hot dog cart in the park with mini hot dogs
Chocolate chip “dog biscuit” cookies
Specialty Drink
Ice cream cart serving up adult snow cones featuring specialty liquors & alcohol infused cherries

PROFESSOR MARVEL PARTY 
Menu
Gourmet “Oil Can” coffee bar with assorted specialty coffees
Specialty Drinks
Tia Maria, Kahlua, Brandy & Brandy Freezes

“HEART” OF HOUSTON
Menu
Famous Soirée sushi bar featuring
California Ahi tuna and tempura shrimp rolls
Salmon & tuna sashimi
Phai Thai spring rolls
Specialty Drink
Mai Thai

THE “BRAIN” TECHNOLOGY CENTER
Menu
Carving station with St. Arnold’s braised beef short ribs and sliders
Herb seasoned potato wedges
Specialty Drink
Zombies

CORPORATE “COURAGE” HOUSTON PARTY
Menu
Waffle station with fried chicken & waffles
Mini waffle cheeseburgers
Waffle chicken fries
Specialty Drink
Riesling lemonade

EMERALD CITY
Menu
Chilled seafood display featuring:
Thai calamari salad
Bloody Mary cocktail oyster shooters
Saffron poached PEI mussels
Jumbo boiled shrimp
Cracked crab claws
Specialty Drink
Apple martinis and premium open bar

WITCH’S CASTLE AFTER PARTY 
Menu
Assorted mini sliders to include fried chicken and pulled pork on pretzel buns
Specialty Drink
Dry ice “Witches Brew”

For more information and to register, visit https://www.houston.org/soiree.

To stay up to date with more Houston events, make sure to visit our website: www.PKFTexas.com/Calendar.

 

You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper, gardener or other household worker (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations.

A nanny is babysitting two little children. Your household may be eligible for nanny tax because she is a household worker.

If you employ a household worker, you aren’t required to withhold federal income taxes from pay.
Continue Reading How a Household Worker Qualifies for Taxes

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’s Transaction Advisory Services team. Matt, welcome back to The Playbook.

Matt: Thank you, Jen.

Jen: So, we’ve spent a number of segments talking about the process for getting ready for a sale, so how does an owner really capitalize on that call, whether it’s planned or out of the blue, like we’ve discussed?

Continue Reading Get the Best Deal for Selling Your Business

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 as they could be.

A woman is reading the rules or bylaws relating to her not-for-profit.

Rules and procedures
Typically, bylaws cover such topics as the broad charitable purpose of an organization. They also include rules about the size and function of the board; election terms and duties of directors and officers;

Continue Reading Should You Update Your Not-for-Profit’s Bylaws?