January-February 2025

Flipbook

In this issue:

January 15, 2025

Take Note

TXCPA’s Advocacy Day and Midyear Leadership Council Meeting

January 28-29, 2025, Austin, TX

Make your plans now to attend the 2025 Advocacy Day and Midyear Leadership Council Meeting on January 28-29 in Austin! Hear legislative updates from knowledgeable and popular speakers on Tuesday morning, then head to the Capitol to engage directly with lawmakers and staff about TXCPA’s key legislative agenda items. This dynamic event is open to all TXCPA members – don’t miss your chance to make an impact!

Downright Austin, a Renaissance Hotel, Previously the Sheraton Austin Hotel at the Capitol, 701 East 11th St., Austin, TX 78701, 512-478-1111

Rate: $249 single or double + 15% occupancy tax; Parking: Self-parking discounted to $20/day; Cutoff Date: January 12, 2025

Click here for more details.

TXCPA's 2025 CPE Programs

Mark your calendar now for these conferences in spring and summer 2025!

View the upcoming schedule in the Education area of our website.

Free CPE Webcasts for Members

TXCPA Passport – CPE on Your Schedule

Newly updated courses are now available. Click here to see the current list and subscribe.

Clarification for Today's CPA Article on Mitigating Medicare Mistakes

The article, "Mitigating Medicare Mistakes: The CPA's Role in Navigating IRMAA Challenges," in the November/December 2024 Today’s CPA issue discussed strategies CPAs could recommend to help smooth out or reduce Modified Adjusted Gross Income (MAGI). It suggested tax-efficient investments, such as municipal bonds or life insurance policies, which might not count toward MAGI.

However, clarification is necessary: MAGI starts with Adjusted Gross Income (AGI) but requires adding back certain nontaxable items to arrive at MAGI. While tax exempt interest (such as interest on some municipal bonds) is excluded from AGI, it must be added back in computing MAGI for purposes of IRMAA. This add-back is required for determining Part B and Part D Medicare premiums under Title 42, Sections 1395r(i)(4) and 1395w-113(a)(7)(C) of the U.S. Code.

Boost Your Well-Being: Printable Physical Wellness Checklist

Positive physical health habits can help decrease your stress, lower your risk of disease and increase your energy. Check out this printable physical wellness checklist from the National Institutes of Health for some tips on improving your physical health.

If you're facing challenges related to addiction, substance abuse or mental health, TXCPA Peer Assistance is available to provide support. Go to tx.cpa/resources/acan.

Secure Your Future with TXCPA Member Insurance

Protect what matters most – your family, your home and your career – with the TXCPA Member Insurance Program. Designed exclusively for CPAs, our trusted, association endorsed insurance provides exceptional value and peace of mind.

Why choose TXCPA Member Insurance?

  • Tailored Protection: Coverage crafted specifically for professionals and their families.
  • Exclusive Savings: Enjoy special member rates from top-rated insurance carriers.
  • Meaningful Impact: Your participation helps advance the mission of the Texas Society of CPAs.

Learn more today! Visit txcpainsure.org or call 800-428-0272 and explore your options.

Now Hiring? Turn to the TXCPA Career Center

Post your open positions for new and experienced accounting staff on the TXCPA Career Center! Members receive exclusive discounts and internship postings are always free. Highlight your organization’s culture, benefits and growth opportunities to attract top talent. Visit careers.tx.cpa to get started and find your next superstar!

Management Accountants - Stand Out With the CGMA® Designation

The Chartered Global Management Accountant (CGMA®) designation is a globally recognized professional credential for management accountants. It was established through a joint venture between the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).

The CGMA designation signifies expertise in management accounting and is highly regarded by employers for leadership, strategic thinking, and financial analysis skills. Key features include:

  • Global Recognition - It is one of the most recognized management accounting designations globally.
  • Focus on Strategy and Leadership - It emphasizes strategic financial management and leadership skills.
  • Ethics and Professionalism - CGMAs adhere to a code of ethics and demonstrate professionalism.

To learn more, visit the CGMA website.

 

Thanks to the Sponsors of Today's CPA Magazine

This content was made possible by the sponsors of this issue of Today's CPA Magazine:

Accounting Biz Brokers

Accounting Practice Sales

Capstan

CPA Charge

efile4Biz

Goodman Financial

Poe Group Advisors

 


 

March-April 2026

Flipbook

In This Issue

  • Large Language Models

    AI in Accounting 2026: From Practical Automation to Strategic Advantage

    AI in 2026 is integrated into accounting workflows, moving from simple assistance to agentic systems that automate document intake, data extraction, exception management and review-ready outputs. CPAs spend less time on manual tasks and more on judgment, oversight and communication. Organizations that adopt AI deliberately gain efficiency and quality while those with weak processes see their gaps exposed.
    View Article

  • CPE: AI-Powered Tax Compliance, Part 2

    Machine learning is becoming central to sales and use tax operations, improving taxability classification, reducing manual review and strengthening auditability through NLP, dual‑threshold controls and human‑in‑the‑loop review. Case studies show ML reducing false negatives, cutting coding hours and accelerating reconciliation with anomaly detection. With strong governance and expert oversight, ML enhances accuracy, efficiency and compliance while allowing tax professionals to focus on higher‑value advisory work.
    View Article
    LLMs
  • LLMs

    Beyond Compliance – The Ways CPAs and CMAs Can Embrace the AI-Powered Future

    AI is shifting accounting from routine compliance work to higher-value analysis and advisory roles. CPAs and CMAs can use GenAI to automate repetitive tasks, improve risk analysis and forecasting, and streamline onboarding and documentation with custom GPTs and low-code tools. To adopt AI responsibly, professionals must understand its limits, verify outputs and start small - improving one workflow at a time while maintaining strong judgment and ethical oversight.
    View Article

  • Leading Together in an Evolving Profession

    Rapid technological change, especially AI, is reshaping how CPAs serve clients and employers, and this issue of Today’s CPA focuses on helping members lead through that evolution. It features articles on AI in accounting, corporate governance and AI-powered tax compliance, along with statewide chapter updates and a preview of Accounting Opportunities Month. The message emphasizes engagement, lifelong learning and the shared responsibility to strengthen the profession and inspire future CPAs.
    View Article
    TXCPA Accounting Opportunities Month
  • Universal Proxy Card Rules

    Activism Amplified: How Universal Proxy Rules Are Reshaping Corporate Governance

    Universal proxy rules have shifted power dynamics in contested board elections, lowering barriers for activists and increasing pressure on boards to perform, communicate clearly and govern transparently. Companies that fail to proactively engage shareholders, maintain strong internal controls and align strategy with investor expectations face greater risk of disruptive and costly proxy contests - even if activists do not ultimately win board seats.
    View Article

  • Bridging the Skills Gap in ESG - How CPAs Can Prepare for a Growing Service Area

    As ESG reporting becomes mainstream, CPAs are increasingly expected to measure, report and assure nonfinancial data. This article outlines the key competencies needed for ESG roles. By building these capabilities now, CPAs can prepare for one of the fastest-growing areas of the profession.
    View Article
    Sustainability reporting
  • Texas Legislature

    Advocacy Never Stops

    TXCPA is continuing its advocacy momentum after the successful passage of SB 262 and SB 522 in 2025, which created a new CPA licensure pathway and modernized mobility. As rules for the bachelor’s pathway are finalized, TXCPA is actively engaged with TSBPA. The 2026 election is expected to bring major turnover Texas Legislature. The Society is preparing to educate new lawmakers and defend against deregulatory efforts that could weaken licensing standards.
    View Article

  • Momentum and Vision: Key Takeaways from the 2026 Midyear Leadership Council and Members Meeting

    TXCPA’s 2026 Midyear Leadership Council and Members Meeting brought members together in College Station for financial and governance updates, a discussion of proposed Bylaws changes, news on AcctoFi’s launch, and more. The meeting also showcased major advocacy achievements, technology upgrades, continued progress in strengthening the talent pipeline, and long‑term trends shaping the profession. The event closed with a dynamic advocacy panel and an invitation for members to stay involved ahead of the June 2026 Annual Meeting.
    View Article
    TXCPA Bylaws
  • TXCPA Accounting Opportunities Month

    Inspiring the Next Generation - Accounting Opportunities Months

    TXCPA’s Accounting Opportunities Months connect CPA volunteers with Texas students through career talks, financial literacy presentations and community outreach. Volunteers showcase accounting as a dynamic, impactful profession while helping students build essential money management skills and explore diverse career paths. TXCPA is aiming to expand the impact to students statewide, strengthening the future of the CPA profession through education, mentorship and community connection.
    View Article

  • Understanding the Stakeholder Model of Corporate Social Responsibility

    Corporate Social Responsibility continues to evolve amid political, regulatory and resource pressures, yet most business leaders still view it as essential to long-term success. Although balancing diverse stakeholder needs can be challenging, opportunities exist to measure impact, improve engagement and integrate ethical practices into decision-making. Understanding and prioritizing stakeholder expectations remain critical drivers of sustainable organizational growth.
    View Article
    State of Corporate Purpose Report

  • What’s Happening Around Texas

    Chapters across Texas have been actively engaging their communities through service, celebration and connection. Highlights include Austin’s support at the TSBPA Swearing-In Ceremony, Corpus Christi’s successful toy drive, Dallas’ holiday gatherings and service projects, Fort Worth’s large Santaccountant toy collection and scholarship fundraiser, and Houston’s lively Mix and Mingle social. Together, these activities highlight the statewide spirit of service, networking and support within TXCPA.
    View Article

  • Take Note

    In this edition of Take Note: TXCPA’s All New Mentor Match Program; Unlock New Opportunities with the CGMA® Designation; ACAN Delivers Confidential Support When You Need It Most; 2025-2026 AcctoFi Scholarship Recipients
    View Article
    Peer Assisatance

  • Classifieds

    The Classifieds section provides a centralized place to find practices for sale, buyers seeking to acquire firms and specialized services, helping members efficiently connect with opportunities to expand, sell or pursue niche markets.
    View Article

CHAIR
Mohan Kuruvilla, Ph.D., CPA

PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM

CHIEF OPERATING OFFICER
Melinda Bentley, CAE

EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA

MANAGER, MARKETING AND COMMUNICATIONS
Peggy Foley
pfoley@tx.cpa

MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa

COLUMN EDITOR
Don Carpenter, MSAcc/CPA

DIGITAL MARKETING SPECIALIST
Wayne Hardin, CDMP, PCM®

CLASSIFIEDS
DeLynn Deakins

Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa

 

Editorial Board
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, 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;
Shilpa Boggram Sathyamurthy, CPA-Houston, CA
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPA-Houston.

CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Kristie Estrada; Holly McCauley; Craig Nauta; Kari Owen; John Ross; Lani Shepherd; April Twaddle; Patty Wyatt