The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: strategic planning

Thinking Like an Auditor for Your Not-For-Profit Revenue

Auditors examining a not-for-profit’s financial statements spend considerable time on the revenue figures. They look at the accounting methods used to record revenues and perform a detailed income analysis. You can use the same techniques to increase your understanding of your organization’s revenue profile. In particular, consider: Individual Contributions Compare the donation dollars raised to… Continue Reading

What Can Be Deductible When Volunteering

Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not the case. Donations of time or services aren’t deductible. It doesn’t matter if it’s simple… Continue Reading

Understanding Fraud in International Business

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Danielle Supkis Cheek, a Director at PKF Texas and one of our Certified Fraud Examiners. Danielle, welcome back to the Playbook. Danielle: Thanks for having me. Jen: So, Houston’s an international city—we’ve had Frank Landreneau, one of our international… Continue Reading

How Data Analytics Can Help Solve Your Not-For-Profit’s Challenges

If your not-for-profit wants to improve its budgeting, forecasting, fundraising or other functions but is having a hard time identifying both problems and solutions, data analytics can help. This form of business intelligence is already considered invaluable in the for-profit world. But it can be just as useful to not-for-profits. Informed Decision Making Data analytics… Continue Reading

How “Going Green” Can Save You Taxes

“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in addition to your energy bill, all while helping the environment, too. The catch is that, to reap all three benefits, you need to buy and install certain types of renewable energy equipment in the… Continue Reading

GILTI Tax – Who it Impacts and Restructure Planning

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski and I’m back again with Frank Landreneau, one of our International Tax Directors. Frank, welcome back to the Playbook. Frank: Thanks, Jen. It’s great to be back. Jen: Last time we talked about the GILTI tax. Remind our viewers, if they didn’t watch last time, what does it stand for? Frank: What GILTI stands for – it’s… Continue Reading

Get Ahead in the Cloud

“Darn. I need that document, but I’m not at the office.” That’s a phrase that is slowly phasing out. Over the years, the cloud has been on the rise with many people, as well as companies, making the transition to store physical content digitally. In addition to efforts of going paperless, the main appeal of… Continue Reading

Tips for Recruiting Volunteers for Your Not-For-Profit

Most charitable not-for-profits have a never-ending need for volunteers. But finding new ones can be time-consuming — and volunteer searches aren’t always successful. Here are recruitment ideas that can help your not-for-profit. Look Nearby Is your not-for-profit familiar to businesses, residents and schools in the surrounding community? People often are drawn to volunteer because they… Continue Reading

Nonprofits: Harness the power of the personal appeal

You’ve probably heard it before: People don’t give to causes — they give to those asking on behalf of a cause. That’s why a personal appeal continues to be such a powerful not-for-profit fundraising tool. In fact, requests from friends or family members typically drive most charitable donations. By appealing to their networks, board members… Continue Reading

When does your nonprofit owe UBIT on investment income?

In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI). Dividends, interest, rents, annuities and other investment income generally are excluded when calculating unrelated business income tax (UBIT). However, there are two exceptions where such income is taxable. 1. Debt-financed property When your nonprofit incurs debt to acquire an income-producing… Continue Reading

Strategic Planning Using Sustainable Competitive Advantage

Does your company have a sustainable competitive advantage? It should! Byron Hebert, director of Entrepreneurial Advisory Services at PKF Texas, offers another Tool Time Update. Hi, my name is Byron Hebert, and this is another quick Tool Time update by PKF Entrepreneur Playbook. What I want to talk to you today about is the sustainable… Continue Reading

Enterprise Risk Management – Taking a Global Look at Your Business

Karen: Hello. This is PKF Texas Entrepreneur’s Playbook. I’m Karen Love, host and co-founder. Today I’m here with Scott Soles, an audit director at PKF Texas. And I’d like to welcome you to the Playbook, Scott. Scott: Thanks for having me here. Karen: Well, you know, I’m really excited that we’re talking to you today,… Continue Reading

How to get fiscally fit in 2014 – Guestblog: Lori Siegel, CFP

Each year, Americans start off January making resolutions, and many individuals focus on financial issues. This may including household budgeting, planning to review their investment portfolio or, more broadly, a making pledge to align and monitor their investments on a consistent basis to ensure that they align with their life goals. This holistic wealth management… Continue Reading

Strategic Planning Using Your Sustainable Competitive Advantage

Hi, my name is Byron Hebert, and this is another quick Tool Time update by PKF Texas’ Entrepreneur Playbook. What I want to talk to you today about is the sustainable competitive advantage and strategic planning. A lot of people talk about strategic planning but they really don’t know where to start. Where you start… Continue Reading