March-April 2024

In this issue:

March 05, 2024

What’s Happening Around Texas

In the What’s Happening Around Texas section of Today's CPA, we give you highlights of events and activities happening around the state in the TXCPA chapters.

TXCPA Austin celebrated the kickoff of their 85th anniversary at the chapter’s Annual Meeting of Members and Election of Officers. They also held a new year networking and PAC Information Session at Austin Beerworks, supporting the TXCPA PAC.

TXCPA Brazos Valley helped serve their community in the KBTX Food for Families Food Drive in December.

TXCPA Dallas members gathered for their Annual Meeting of Members, where they honored outstanding member contributions, graduated their 2023 Leadership Development Academy class and elected their 2024-25 chapter leadership. They also hosted a Young Professionals Group CPE event and attendees learned insightful tips from their speaker, Dana Garnett, on How to Live a Fulfilling Life.

TXCPA East Texas held their 2023 Leadership Day in November at the Texas Broadcast Museum in Kilgore. The program is designed for young and aspiring CPAs working toward a senior level position in public accounting or business/industry/government.

TXCPA Fort Worth members attended the 2024 Midyear Leadership Council and Members Meeting in Corpus Christi. They heard valuable updates on the profession and TXCPA, networked with peers, connected with leaders from across the state, and enjoyed the attractions of the sparkling city by the sea.

TXCPA Houston Young Professionals (YP) attended the annual vision board event. They shared their visions for 2024 and beyond.

TXCPA San Antonio had a fantastic turnout at their chapter meeting and celebrated their 85th anniversary.

TXCPA Has 20 Strong Local Chapters

With 20 strong local chapters, TXCPA members connect in their communities and across the state. Chapter events range from professional development and rewarding community service to social events that create lasting connections.

Active engagement in our chapters can lead to leadership opportunities, and it opens doors to peer-to-peer and mentor-mentee relationships that are valuable at every stage of your career. Reach out to your chapter to learn how you can connect close to home.

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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succession planning