Rhodes Holdings LLC Blog

Texas Online Franchise Tax Calculator

Robert Rhodes — Tue, 03 Nov 2009 19:15:26 +0000

This came straight from Susan Combs, Texas Comptroller of Public Accounts - they are great about communicating with Texas corporations:

The new Online Franchise Tax Calculator (PDF, 263KB) is now available on Window on State Government. This tool allows you to estimate your potential franchise tax liability for report years 2008, 2009 and 2010. Your actual tax liability may differ from the estimate because of special provisions in the legislation.

You may also wish to visit our Franchise Tax Web page for answers to your other franchise tax reporting questions.

SOX deadline moved once again…

Robert Rhodes — Tue, 06 Oct 2009 15:36:11 +0000

On October 2, 2009, the Securities and Exchange Commission (“SEC”) issued a press release giving nonaccelerated filers (those public companies with a public float, as measured at the end of their second fiscal quarter, of less than $75 million) additional time to comply with the requirements of Section 404(b) of the Sarbanes-Oxley Act. Section 404(b) will now apply to the annual reports of nonaccelerated filers for fiscal years ending on or after June 15, 2010. As a refresher, Section 404(b) established the requirement for a company’s audit firm to issue an audit opinion on the effectiveness of a company’s internal control over financial reporting (“SOX Opinion”). The requirement for a separate SOX Opinion was in addition to management’s report on internal control over financial reporting (“Management’s Report”).

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GBH CPA’s September 2009 Newsletter

Robert Rhodes — Thu, 17 Sep 2009 21:48:47 +0000

GBH CPAs discuss the recent FASB Accounting Standards codification - hopefully making our research and references in public company filings much easier to understand:

GBH September 2009 Newsletter

Highlights of Healthcare bill

Robert Rhodes — Wed, 29 Jul 2009 02:55:08 +0000

Ken Stephenson is at the very center of the healthcare storm as a consultant to doctors’ and hospital groups. This came from him and is important enough for us all to be involved and know what is really going on. Give me some feedback as to how this will effect you and your businesses…
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Republicans vs. Democrats…

Robert Rhodes — Fri, 01 May 2009 20:03:05 +0000

My Father just recently came over to the “Dark Side” from a lifetime in the Democratic party. He gave me this tidbit… Too bad both the major parties are so similar that there is little to differentiate them…

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GBH announces registration with Canadian Public Accountability Board

Robert Rhodes — Thu, 29 Jan 2009 00:08:46 +0000

HOUSTON, TEXAS, January 26, 2009 — GBH CPAs, PC announced today that the firm has registered with the Canadian Public Accountability Board (“CPAB”) and our firm has been added to CPAB’s list of participating audit firms on their website, www.cpab-ccrc.ca. The CPAB was established in 2003 to inspect accounting firms that audit public companies in Canada. (more…)

Crisis Management for dummies…

Robert Rhodes — Thu, 09 Oct 2008 20:15:01 +0000

Business Wire Regional Manager Judy Swartz presented another very informative discussion on how to deal with crisis - BusinessWire Crisis Seminar. A quick recap includes:

Get a plan and an internal notification sysem
Don’t put the lawyers in charge
Bring the news media in
Use experienced professionals

Oil and Wall Street

Robert Rhodes — Wed, 01 Oct 2008 14:40:00 +0000

I recieved this from my friend Hank McKim - an interesting article, one that makes you think. A little conspiracy theorist, but hey, we the best stories are all true in some form. Take a read…

http://longislandpress.com/main.asp?SectionID=2&SubSectionID=2&ArticleID=16636&TM=67059.85

All that glitters - GOLD

Robert Rhodes — Tue, 19 Aug 2008 14:47:11 +0000

With the recent runup in oil, it is very interesting to look at oil versus GOLD, the ultimate hedge against inflation, deflation and just about anything that ails you. Listen to what some of our friends say about GOLD right now… (more…)

How Wholesalers/Distributors can increase cash flow & reduce taxes

Robert Rhodes — Fri, 08 Aug 2008 06:44:51 +0000

If you are a wholesaler, distributor or a company that has substantial inventory, you can improve cash flow by reducing the cost of your Closing inventory value.

Taken from our friends at GLO CPA’s Newsletter for August 2008

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