Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Danielle Supkis Cheek, a PKF Texas Director and one of our Certified Fraud Examiners. Danielle, welcome back to the Playbook. Danielle: Thanks for having me. Jen: In your fraud and forensics practice, I know you work with a lot… Continue Reading
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
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
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
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
“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
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
Here are some of the key tax deadlines affecting businesses and other employers during the third quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. July 31 • Report income tax withholding and FICA taxes for second quarter 2018 (Form 941), and pay… Continue Reading
Many Americans relocate to another state for their retirement. If you’re thinking about such a move, state and local taxes should factor into your decision. Income, Property and Sales Tax Choosing a state that has no personal income tax may appear to be the best option. But that might not be the case once you… Continue Reading
“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
In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home Sale Gain Exclusion… Continue Reading
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
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
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
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 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 is… Continue Reading
Hi, my name is Byron Hebert and this is another quick tool time update brought to you by the Entrepreneur’s Playbook and your friends at PKF Texas. This time of year a good thing to be doing is getting your budgets together for your organization for the upcoming year, getting a sales forecast in place,… Continue Reading
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
Andy: This is Andy Ray and this is another Tool Time Update brought to you by your friends at PKF Texas and the Entrepreneur’s Playbook. The tool I’m going to talk about today is a tool used to prioritize projects. Most teams don’t deliver the results they intend when they’re working on improvement projects because… Continue Reading
Karen: This is PKF Texas, Entrepreneurs Playbook, and I’m Karen Love host and co-founder. Today I’m here with Andy Ray, a Principal in our Entrepreneurial Advisory Services team. Welcome to the Playbook, Andy. Andy: Thank you for having me. Karen: Well listen, today what I’d love to talk to you about is why do… Continue Reading
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Byron: Hi, my name is Byron Hebert and this is another quick tool time update brought to you by the Entrepreneur’s Playbook and your friends at PKF Texas. This time of year a good thing to be doing is getting your budgets together for your organization for the upcoming year, getting a sales forecast… Continue Reading
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
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
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
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