September/October 2023

IN THIS ISSUE:
How Ignoring Organizational Culture and Employee Wellness Can Cost Your Business
Corporate Transparency Act: Are You Prepared?
Pragmatic CPA’s Guide to ESG Reporting
CPE Article: Share Repurchase Programs
TXCPA's Annual Meeting of Members
2022-2023 Outstanding Chapter Awards
SEC Rules Requiring Extraction Companies to Report Payments to Governmental Entities
Featured Article
Attracting and Retaining Talent: How Ignoring Organizational Culture and Employee Wellness Can Cost Your Business

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Substantial control
Corporate Transparency Act: Are You Prepared?
Congress enacted a new, significant and pervasive compliance program: the Corporate Transparency Act (CTA). The CTA requires reports of beneficial ownership information (BOI) and is estimated to affect more than 32 million existing entities (even after exemptions). Initial reporting for existing entities will commence January 1, 2024, and must be completed before January 1, 2025.Read More Download Issue -
Pragmatic CPA’s Guide to ESG Reporting
Companies must decide for themselves if the benefits of voluntary Environmental, Social and Governance (ESG) reporting exceed the costs. CPAs differ widely about the wisdom of placing significant reliance on ESG measurements. Most, however, agree on a simple fact: the sector has grown to a size that can no longer be ignored.Read More Download IssueSDG standard
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Tender Offer (TO) Programs
CPE Article: Share Repurchase Programs
Share repurchases have become commonplace in the modern economy. This article does not deliberate on merits or pitfalls of share repurchase programs, but rather focuses on the accounting issues that companies may deal with in their share repurchase programs. It also covers two recent developments in share repurchase accounting: the Inflation Reduction Act of 2022 and the Securities and Exchange Commission (SEC) disclosure requirements effective on October 1, 2023.Read More Download Issue -
TXCPA’s Annual Meeting of Members
TXCPA members and their guests traveled to Fort Worth for the 2023 Annual Meeting of Members in June. It was an opportunity for members to connect and network with each other and with TXCPA leaders, while also learning about key issues in the profession and having some fun.Read More Download IssueTXCPA Annual Meeting
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2022-2023 Outstanding Chapter Awards
To inspire chapters in their continuing work to elevate member service, TXCPA bestows Outstanding Chapter Awards to the small and medium-sized chapters. TXCPA San Angelo and TXCPA Permian Basin received the awards in 2023.Read More Download Issue -
Accounting and Auditing: SEC Finally Issues Long Overdue Rules Requiring Extraction Companies to Report Payments to Governmental Entities for Resource Development
After two previously unsuccessful attempts to promulgate reporting requirements for extraction companies laid out in Dodd-Frank, the SEC has issued rules that require disclosure of payments made to commercially develop oil, natural gas or other minerals. The requirement in the Dodd-Frank Act was enacted to address perceived corruption in the extractive industries.Read More Download Issuesubnational governmental jurisdiction
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TXCPA resources
Help Wanted
We hear from members across the state that staffing continues to be their top challenge. Here is a summary of the programs and resources we have to support you in meeting your staffing challenges today and in the years to come.Read More Download Issue
CHAIR
Tim Pike, CPA
PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM
CHIEF OPERATING OFFICER
Melinda Bentley, CAE
EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA
Staff
MANAGER, MARKETING AND COMMUNICATIONS
Jarrod Fitch, MBA, CTSM
COLUMN EDITOR
Don Carpenter, MSAcc/CPA
WEB EDITOR
Wayne Hardin
CLASSIFIEDS
DeLynn Deakins
Texas Society of CPAs
14131 Midway Rd.
Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa
Editorial Board
Arthur Agulnek, CPA-Dallas;
Shivam Arora, CPA-Dallas;
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Melissa Frazier, CPA-Houston;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Joseph Krupka, CPA-Dallas;
Lucas LaChance, CPA-Dallas, CIA;
Nicholas Larson, CPA-Fort Worth;
Anne-Marie Lelkes, CPA-Corpus Christi;
Bryan Morgan, Jr, CPA-Austin;
Stephanie Morgan, CPA-East Texas;
Kamala Raghavan, CPA-Houston;
Amber Louise Rourke, CPA-Brazos Valley;
Barbara Scofield, CPA-Permian Basin;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPAHouston.
Design/Production/Advertising
Media By Design, LLC
mediabydesign@gmail.com
CONTRIBUTORS
Melinda Bentley; Holly McCauley; Craig Nauta; Kari Owen; Rori Shaw; April Twaddle