A New Year of Opportunities

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Chairman’s Message

By TXCPA Chairman Sheila Enriquez, JD, CPA-Houston, CFF, CVA

Sheila200xIt’s a new year at the Texas Society of CPAs! I’m honored and excited to serve as your chairman this year. I hope you’ll take a few minutes to learn more about what we’ll be doing together in the coming year by reading this issue’s cover story on page 16. It is with the support of this dynamic community that we will make an impact and best serve, promote and protect our profession.

Your TXCPA leadership has set new goals for 2022-2023 under our three pillars of success: community and connection, professional excellence, and advocacy. In addition to our ongoing delivery of benefits to members, we’ll be focused on a few new opportunities.

Under Community and Connection, we plan to grow our community, engage next generation CPAs and deliver an exceptional member experience that will be evident in an increased member satisfaction rating.

Our Professional Excellence goals focus on expanding the number of members who experience our TXCPA CPE programs, and providing valuable and timely new resources for our firms that participate in peer review.

Advocacy is one of the greatest benefits for members. We’ll expand the reach of our promotion of the CPA brand, as well as the influence of the CPA-PAC through higher member involvement and support.

YOU are critical to our success as a community, and I encourage you to find your place to get engaged and involved in these and other valuable efforts at the state level and in your local chapter. The TXCPA team stands ready to help you find your fit. We have a place for every member to feel connected and have a voice in how we serve our profession. If you’re not involved yet and want to be, email the TXCPA team at membership@tx.cpa or give them a call at 800-428-0272.

Thank you for your membership and your trust in TXCPA!

I'd love to hear from you!

I’d love to hear your feedback and answer your questions. Drop me a note at chairman@tx.cpa.

 

 

 

  • Take Note

    In this edition of Take Note: TXCPA Connects With 2,800+ Students During Accounting Opportunities Month; Purchase a Listing in TXCPA’s New Employer Guide; TXCPA’s Career Center; Top Meditation Apps; Leadership Nominations; TXCPA Recognizes 2023-2024 Award Recipients
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  • Spotlight on Cyber Insurance

    Cyber insurance is essential for protecting businesses from the increasing frequency and cost of cyberattacks. Standalone cyber insurance policies provide comprehensive coverage, including incident response, business interruption, cybercrime, and privacy liability. This insurance is particularly crucial for accounting firms, which are frequent targets of cyberattacks, helping them mitigate financial and reputational damages.
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  • Will Others Follow BDO’s Lead to Attract and Retain Staff?

    Facing a decline in new entrants and retention issues, BDO USA implemented an Employee Stock Ownership Plan (ESOP), departing from the traditional partnership model. This shift gives BDO's employees ownership stakes, aligning their interests with the firm's long-term success. This move may set a precedent for other large and mid-market firms to follow.
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  • The 2024 Election and the Upcoming 2025 Legislative Session

    The 89th Session of the Texas Legislature starts on January 14, 2025, following a tumultuous 2024 election season where the Texas House saw many incumbents defeated and significant political upheaval. TXCPA invites input on important legislative issues as we prepare for the upcoming session.
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  • Tackling the Talent Shortage

    The July/August issue of Today's CPA features the first message from our new TXCPA Chair. He writes that it's an exciting time for accounting educators, particularly in light of TXCPA's multi-year CPA Pipeline Strategy and involvement with AICPA's National Pipeline Advisory Group, all aimed at addressing the talent shortage in the accounting profession.
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  • 2024-2025 TXCPA Chapter Officers

    See the listing of new TXCPA chapter officers. This dedicated group of volunteers will be leading the chapters in the 2024-2025 year.
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  • What’s Happening Around Texas

    In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in TXCPA and the TXCPA chapters.
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  • Corporate Transparency Act: An Update

    Now that 60 days have passed since the Corporate Transparency Act was implemented, this article provides an update on the latest issues. Even if CPAs are not responsible for BOI filings, they should monitor changes in guidance and relay this information to their clients to keep them aware.
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  • CPE: Distinguishing Debts from Equity - Warrants Issued in Conjunction with Debt Instruments

    Stock warrants give an entity the right to buy or sell a security at a set price before a certain date, deriving value from their underlying asset, similar to stock options. Companies may issue these warrants alongside equity or debt instruments. This article focuses on warrants issued with debt instruments, analyzing their classifications and accounting implications based on ASC guidance.
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  • Introducing Our New Chair, Mohan Kuruvilla

    Mohan Kuruvilla, Ph.D., CPA-Houston, is serving as TXCPA's Chair for 2024-2025. His focus is on modernizing accounting education with data analytics and AI while addressing the talent shortage through experiential learning and stronger academic-employer partnerships. His objectives for the year include promoting continuous learning and attracting students to the accounting profession.
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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

MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa

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
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;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPAHouston.

CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Holly McCauley; Shicoyia Morgan; Craig Nauta; Kari Owen; John Ross; April Twaddle

 

Your TXCPA membership has not been renewed for 2024 -2025. Renew now.