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July-August 2023

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In this issue:

July 28, 2023

Every Member Counts

By TXCPA Chair Tim Pike, CPA-Dallas, CFE

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By TXCPA Chair Tim Pike, CPA-Dallas, CFE

Welcome to the first Today’s CPA of the 2023-2024 year. We started the new TXCPA year off with celebrations and thoughtful collaboration at the Annual Meeting of Members in Fort Worth. I always enjoy coming together as a community to work on the issues that are facing our profession and our organization.

Part of the work done at the Annual Meeting was focused on launching our strategic planning process. TXCPA’s Strategic Plan provides a road map for three years of connecting, protecting and advancing you, our members. To be sure, we have a plan that is reflective of what our membership needs and wants; we strive to gather input, data and feedback from across the state. Every member counts.

I encourage you to add your voice to the process this year. Here are just three of the ways you can chime into what we’re doing at TXCPA: 

  • Participate in member surveys. Member research is done throughout the year with surveys landing in members’ inboxes each month. When your survey arrives, please take just a few short minutes to tell us about your experience.
  • Join a committee. With committee opportunities at TXCPA and in the local chapters, there are many ways you can be a part of the conversations that guide the work being done on behalf of the profession. Check out the opportunities in the Get Involved section of www.tx.cpa or contact the TXCPA team for personal assistance.
  • Send us feedback. We stand ready to assist members with any questions they have or to collect any feedback and insights they want to share. If you have an idea, concern or wish, let us know. You can send an email to membership@tx.cpa, call 800-428-0272 or send me an email at chair@tx.cpa. We would love to hear from you.

 Your active engagement – whether it’s through survey replies, service in your chapter, involvement on a state-level committee or a variety of other areas – can make an impact on the future of our profession and the future of TXCPA.

 I look forward to serving alongside you in 2023-2024 as we continue to move our profession and organization forward!

 

 

 

July-August 2026

In This Issue

  • women in leadership

    Grounded in Faith, Guided by Purpose: The Journey of Angela Ragan

    TXCPA’s incoming Chair Angela Ragan has built a career rooted in faith, service and leadership. Inspired by an early interest in accounting, she now helps clients navigate complex tax, business and estate planning matters. Beyond her professional success, Ragan is deeply involved in TXCPA, community service and church leadership. Her story reflects a lifelong commitment to integrity, compassion and serving others.
    View Article

  • CPE: Cryptocurrency Tax Rules and Challenges Explained

    As cryptocurrency continues to become more integrated into everyday financial activity, tax compliance for digital assets remains a growing focus for practitioners. This article offers practical guidance on cryptocurrency taxation, emphasizing the importance of continuing education, monitoring regulatory developments, and maintaining records to support accurate and compliant tax reporting.
    View Article
    Tax Technology
  • Students

    What’s Happening Around Texas - July-August 2026

    TXCPA chapters across Texas hosted a variety of events. Highlights included the Brazos Valley Annual Meeting featuring career insights and advocacy updates, and outreach connecting accounting professionals with aspiring CPAs. Houston members celebrated VITA volunteers and strengthened community ties. TXCPA Panhandle raised scholarship funds through its first golf tournament, while South Plains members closed the year with a meeting focused on connections and member recognition.
    View Article

  • Texas Sales Tax Audits: Why Recordkeeping Determines Who Wins … and Who Pays Sales Tax

    Texas sales tax audits are becoming more data-driven, making accurate recordkeeping critical to avoiding costly assessments. When businesses lack complete documentation, auditors must estimate liability, often leading to inflated taxes, penalties and interest. Strong internal controls, organized records and experienced audit support are essential to achieving successful audit outcomes.
    View Article
    Texas Sales Tax
  • volunteer advocacy

    Celebrating a New TXCPA Year

    TXCPA's incoming Chair Angela Ragan welcomes the new year, highlighting members’ role in strengthening the profession through mentorship, innovation and engagement. Looking ahead, TXCPA will focus on navigating continued change, supporting members with education and advocacy, and protecting the value of the CPA license.
    View Article

  • What Private Equity and Family Offices Look for in Acquisition Targets

    Private equity firms and family offices prioritize acquisition targets with reliable cash flow, strong leadership and clear growth potential. Key factors include clean financials, a capable management team, and a defensible market position supported by loyal customers or exclusive relationships. Overall, businesses that prepare well in advance and strengthen these areas tend to achieve better outcomes in a sale or recapitalization.
    View Article
    succession planning
  • risk management

    Beyond the 5% Rule: Transforming Audit Materiality with Blockchain and Explainable AI

    Traditional materiality benchmarks like the 5% rule are no longer sufficient given modern risks such as ESG issues, financial volatility and cybersecurity. The Adaptive Materiality Framework allows auditors to reassess materiality dynamically when risk events occur. The framework improves consistency, transparency and audit quality while still relying on professional judgment.
    View Article

  • TXCPA Advocacy – A Preview of 2027

    Following key victories that expanded CPA licensure pathways and modernized practice mobility, TXCPA is preparing for the 2027 legislative session. We are monitoring potential deregulation efforts across the country that could weaken licensing standards and public protection. As we develop the 2027 legislative agenda, member involvement is key to help advocate for policies that support the profession’s long-term strength.
    View Article
    volunteer advocacy
  • Texas Sales Tax

    Take Note

    In this edition of Take Note: Leadership Nominations; Accountants Confidential Assistance Network (ACAN); TXCPA's Mentor Match Program; Word Game - Texas Sales Tax Audits; Accounting Excellence Award Recipients
    View Article

  • Classifieds

    The Classifieds section of Today's CPA provides a one-stop destination to find practices for sale, connect with buyers, and access services that support growth, transition and market expansion.
    View Article
    succession planning

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