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PKF Texas
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2024-12-12
What Nonprofits Might Expect From the Change of Control in Washington
Key Points: The reelection of Donald Trump as President and control of the U.S. Congress by Republicans are anticipated to usher in changes that could financially impact the not-for-profit sector. […]
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PKF Texas
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2024-11-07
6 Ways to Pocket Tax-Free Income in 2024
Key Points: Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current […]
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PKF Texas
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2024-10-29
Essential Year-End Tax Moves to Maximize Savings in 2024
Key Points: 1. Evaluate whether to take the standard deduction or itemize for 2024, considering changes to deduction thresholds. 2. Use bunching strategies to maximize deductions, especially for medical expenses […]
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PKF Texas
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2024-10-17
The SECURE 2.0 Act: A Game Changer for IRA Qualified Charitable Distributions
Key Points: The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your not-for-profit organization — so long as donors know about them. You can […]
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PKF Texas
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2024-10-08
Choosing Between Cash and Accrual Accounting: Which is Best for Your Business Taxes?
Key Points: Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those […]
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PKF Texas
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2024-09-30
Key Players in Your Business Transaction: Don’t Sign Without Them
When selling or buying a business, having the right advisors is crucial. Chris Hatten, CPA, CM&AA, CVA, Director in Transaction Advisory Services at PKF Texas, outlines the three professionals you […]
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PKF Texas
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2024-09-26
Managing Restricted Gifts: Best Practices for Nonprofits to Handle Donor Conditions
Key Points: Brad, the development director of an international environmental charity, was thrilled to learn from a fundraising staffer that one of the charity’s past supporters was promising to make […]
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PKF Texas
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2024-09-18
Qualifying for Innocent Spouse Relief: How to Address Tax Issues from a Spouse’s Errors
Key Points: Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The reason […]
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PKF Texas
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2024-09-11
Do You Owe Estimated Taxes? Key Deadlines and Rules for 2024
Key Points: Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld […]
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