The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: business

Key Q4 2018 Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. October 15 If a calendar-year C corporation that filed an automatic six-month extension: File a 2017 income tax… Continue Reading

What is the Right Accounting Method for Your Tax Purposes?

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more businesses. Now the IRS has provided procedures a small business taxpayer can use to obtain automatic consent to change its method of… Continue Reading

A Closer Look at the New QBI Deduction Wage Limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S corporations and, typically, limited liability companies (LLCs). It can equal as much as 20% of… Continue Reading

TCJA Rule Change Affects Deducting Pass-Through Business Losses

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can currently deduct… Continue Reading

How Revenue Recognition and Lease Standards Can Affect Your Balance Sheet

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, this week’s host, and I’m here today with Danielle Supkis Cheek, a Director on our Entrepreneurial Advisory Services team. Welcome back to the Playbook, Danielle. Danielle: Thanks. Thanks for having me again. Jen: So, we’ve done a series of accounting pronouncements from several of… Continue Reading

What Businesses Need to Know About Fraud

Jen:  This is the PKF Texas’ Entrepreneur’s Playbook.  I’m Jen Lemanski, this week’s guest host, and I’m here today with Danielle Supkis Cheek, a director and one of our certified fraud examiners.  Danielle, welcome to the Playbook. Danielle:  Thanks, Jen. Jen:  I know the Association of Certified Fraud Examiners just recently released their 2018 report… Continue Reading

Perspectives from Ambassador Suk-Bum Park at Coffee with the Conuls – South Korea:

Russ: This is PKF Texas’ Entrepreneur’s Playbook. We’re at Coffee with the Consuls, focused on South Korea, and I’m here with Ambassador Suk-bum Park, who heads up the Consul General’s Office here in Houston. Ambassador Park, welcome to the Playbook. Ambassador Park: Thank you very much for inviting me to this Playbook. I’m very much honored… Continue Reading

Aggie 100 Champions of Entrepreneurship!

Well today is the first day of the festivities surrounding the Aggie 100 here at College Station. Those of you who follow our blog know that PKF Texas are the “Official Accountants of the Aggie 100 Program”. We take great pride in our association with Texas A&M and our team of Aggies are excited about… Continue Reading

PKF Texas: The Entrepreneur’s Playbook® – International Taxes

  Greg: This is PKF Texas, the Entrepreneur’s Playbook. I’m Greg Price, Director of Consulting Solutions and I’m here with Frank Landreneau, a director in our international tax practice. Frank, welcome to the Playbook. Frank: Thank you Greg for having me. It’s a pleasure to be here. Greg: So Frank, I understand from what we’ve… Continue Reading

The Potential Impact of Fraud on Your Business

Note: Running weekly in FromGregsHead.com, PKF Texas – Entrepreneur’s Playbook® is a continuing series of tips brought to you by Greg Price. These run Sunday evenings during the BusinessMakers Radio Show on KPRC 950AM. PKF Texas: The Entrepreneur’s Playbook® – Fraud from The Businessmakers on Vimeo.   Greg: This is PKF Texas and another chapter… Continue Reading