The Leading Edge - Spring 2010 - PKF - 2

sPring volume 10 issue 3 2010

The Leading Edge

Dear Friends and Colleagues:
Welcome to The Leading Edge, our flagship publication designed to inform, educate and inspire you on the latest issues affecting the greater-Houston business community. This issue brings you two articles that focus on compliance, one on an international scale and one within your company. First, pKF Texas’ Alison Muecke teamed up with Houston attorney Jack Townsend to author, “Tax consequences of FBAr filings: Understand the rules, process and penalties.” Taxpayers are required to report and pay income, and estate and gift tax, on worldwide income and assets. As a result, the IrS is concerned with anyone who may not correctly file a report of Foreign Bank and Financial Account or FBAr, especially when the accounts are in tax haven jurisdictions where the IrS’ ability to gather information is limited. Allison and Jack have done a good job in describing the outcomes. next up is compliance of a different sort—an article on document retention and recovery policies written by Annabella green and Byron Hebert. Every company, no matter its size, needs a document retention policy and must know how long to maintain documents, whether print or online. Annabella and Byron offer guidance on this very important topic. This issue marks the debut of articles authored by Mark Scimemi, J.D., a senior manager in our State and Local Tax practice. Although, Mark is new to our firm, he brings many years of valuable, hands-on experience to advise clients on sales tax issues. I am sure you’ll benefit from his article, “How companies can benefit from sales tax incentives.” This issue’s Cubester Chat by Dawn Hodges and Jeff Koenig focuses on career development with guidance from veteran pKF Texas voices, Del Walker and raissa Evans. When is a job just a job, and when does a Cubester realize what it takes to have a substantial career? These and other questions are answered in this very thoughtful article.
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pkF Texas menu of services
Audit and Accounting • Audits • Internal Audit • Transaction services • Evaluation and implementation of internal control systems • Employee benefit plan audits • Systems consulting • Mergers and acquisitions • Special agreed upon procedures • Operational audits • SOX 404 planning & compliance • Forensic accounting / Fraud investigations Business Process Consulting • eCommerce strategy consulting and implementation • Entrepreneurial planning and business plan development • Business process measurement entrepreneurial solutions • profit Enhancement plus • reviews & compilations • Turnaround management • Strategic planning • Healthy Start Package® for business start-ups • Outsourced controller & CFO • Cash flow management • Accounting software support information Technology Consulting • Application software selection assistance • Business system design and implementation • Hardware selection and implementation • network infrastructure evaluation and implementation • Microsoft gold Certified partner litigation and insolvency • Bankruptcy and insolvency consulting • Insurance claims • Accounting malpractice • Tax controversies Tax • Federal, state and local planning and compliance • research and development tax planning • Cost segment analysis and accounting for buildings and manufacturing facilities • Tax controversy management and resolution • Estate, gift and tax trust planning • Business succession planning international Tax • global tax minimization planning and implementation • Tax advantages for exporters • Transfer pricing studies and planning • Withholding tax compliance and planning for cross-border payments • Income and estate planning and compliance for resident and non-resident aliens • Financial accounting for income taxes (FAS 109)

By now, I hope you are familiar with our new Web site, pKFTexas.com. Although the address is the same, the emphasis is on client service and information, with the added bonus of being “mobile ready.” You can now access pKFTexas.com on your BlackBerry, iphone and other smart devices, anytime, anywhere. As always, our doors are open for your feedback and comments. Tell us how we’re doing … and how we can improve our relationships with you and your organizations.

Kenneth J. guidry, CpA President LEA Magazine is now available in a new online, electronic reader called “nxtbook.” Visit our publications page at pKFTexas.com, and click on the most current issue.

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VOLUME 10 • ISSUE 3 • SprIng 2010
The Leading Edge - Spring 2010 - PKF

Table of Contents for the Digital Edition of The Leading Edge - Spring 2010 - PKF
