November/December 2023
IN THIS ISSUE:
A New and Improved Today’s CPA Experience
Cannabis Business: Risks and Mitigating Actions for CPAs
Unleashing Partners' Full Potential Through Specialized Roles
CPE: What CPAs Need to Know about Fair Value Measurements
TXCPA Advocacy Successes Continue
Special-purpose Acquisition Companies Growing More Popular but Present Unique Accounting Issues
Featured Article
TXCPA’s 2023 Rising Stars
TXCPA 2023 Rising Stars
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Intangible Asset Value
What CPAs Need to Know About Fair Value Measurements
CPA valuation analysts are often asked to develop and report on a fair value measurement (FVM) for financial accounting purposes. This article identifies the typical errors and omissions that CPAs should look for in any consideration of an FVM.Read More Download Issue -
Special Report: Accounting Firms - Unleashing Partners’ Full Potential Through Specialized Roles Will Also Increase Revenues
Accounting firms are increasingly asked to provide new expertise to their clients in response to phenomena like global crises, volatile economic markets and new working norms. No single individual can contribute in all areas at a high level, but if the partner role were redesigned to allow for some degree of focus for each, the highest and best use for each partner can be unlocked.Read More Download Issue
Public practice
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Section 280E
Cannabis Business: Risks and Mitigating Actions for CPAs
The U.S. cannabinoid market is projected to grow to $42.2 billion by 2026, which represents an 11% growth rate. Even with an impressive outlook for the industry, not many CPAs provide services to it. This article discusses the risks practitioners may face and what actions can be taken as they explore this industry.Read More Download Issue -
What’s Happening Around Texas: TXCPA Permian Basin’s 36th Annual Shrimp Boil
In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in the TXCPA chapters. On September 28, more than 120 local CPAs, students and guests attended TXCPA Permian Basin's 36th Annual Shrimp Boil.Read More Download Issue
TXCPA Permian Basin
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Texas State Board of Public Accountancy
TXCPA Advocacy Successes Continue
During the 2023 legislative session, TXCPA successfully advocated for issues that were important in addressing the CPA pipeline. Our advocacy work was instrumental in helping students and candidates be in a good position to become licensed CPAs.Read More Download Issue -
Special-Purpose Acquisition Companies Growing More Popular But Present Unique Accounting Issues
The use of special-purpose acquisition companies (SPACs) has increased exponentially over the past few years. They allow investors to take companies public without the costs and delays associated with traditional IPOs. Since 2020, more than half of U.S. IPOs have utilized the SPAC structure.Read More Download Issue
Warrant Accounting
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Today's CPA
A New and Improved Today’s CPA Experience
Welcome to the November/December issue of Today’s CPA! Our Rising Stars on the cover aren’t the only thing that makes this issue shine. In this issue and those to come, you’ll find new features highlighting those in our community, like Happenings From Around Texas, as well as updates to our traditional content that highlight key details in articles and provide options to find more online.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; Kenneth Besserman; Holly McCauley; Kari Owen; Rori Shaw; April Twaddle