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6 Ways to Pocket Tax-Free Income in 2024
PKF Texas - 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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Essential Year-End Tax Moves to Maximize Savings in 2024
PKF Texas - 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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The SECURE 2.0 Act: A Game Changer for IRA Qualified Charitable Distributions
PKF Texas - 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 - 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 - 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 - 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 - 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 - 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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PKF Texas - 2024-09-04

The Critical Role of Sponsorships in Nonprofit Fundraising

Key Points: There are many ways to evaluate the success of a not-for-profit event. But for most nonprofit leaders, financial success — how much did we raise? — is the metric that […]

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