Take Note
Navigating BOI Reporting: Get the Latest Updates
The Corporate Transparency Act (CTA) is legislation that mandates the reporting of beneficial ownership information (BOI). The CTA has sparked widespread debate and a surge of activity surrounding the BOI reporting deadline.
With the landscape continuing to rapidly evolve, TXCPA is dedicated to keeping members informed about the latest developments and implications of BOI reporting. Stay ahead of the curve – watch your TXCPA member communications and click here to explore the key issues and what they mean for you.
Safeguard What Matters Most with TXCPA Member Insurance
Your family, your home, your career – these are the things that matter most. With the TXCPA Member Insurance Program, you can protect them with confidence. Specifically designed for CPAs, this trusted, association-endorsed insurance offers comprehensive coverage that gives you peace of mind.
Visit txcpainsure.org or call 800-428-0272 today to explore your options and take the first step toward peace of mind.
Accountants Confidential Assistance Network (ACAN)
If you're facing challenges related to addiction, substance abuse or mental health, TXCPA Peer Assistance is available to provide support. Access our weekly support groups, send a confidential message and explore additional resources at tx.cpa/resources/acan.
TXCPA’s 2025 Advocacy Day and Midyear Leadership Council Meeting
Austin was buzzing with energy as over 200 passionate leaders from the accounting profession gathered for TXCPA’s highly anticipated 2025 Advocacy Day and Midyear Leadership Council Meeting, held on January 28-29. These two days were packed with powerful conversations, bold ideas and a shared commitment to advancing the profession.
Tuesday kicked off with the Advocacy Day program, offering attendees critical legislative updates and a call to action. Armed with details about recently filed pathways and mobility bills, participants headed to the Texas Capitol to engage directly with legislators and staff. Their mission? To advocate in support of legislation promoting alternative pathways to CPA licensure (SB 262/HB 1757) and bills that enhance and modernize CPA mobility (SB 522/HB 1764). For a deep dive into the topics covered, don’t miss the cover story in this Today’s CPA issue.
The TXCPA Leadership Council Meeting on Wednesday was nothing short of dynamic. Led by TXCPA Chair Mohan Kuruvilla, Ph.D., CPA-Houston, the gathering included strategic discussions and updates on bold new initiatives shaping the future of TXCPA.
Treasurer’s Report. The financial report set the stage with insights from TXCPA Treasurer Christi Mondrik, J.D., CPA-Austin; Accounting Education Foundation Treasurer Lucas LaChance, CPA-Dallas, CIA; Investments Committee Chair Chris Lucas, CPA-Fort Worth, ABV; and TXCPA’s Chief Financial Officer, Jacob Briggs, CPA-Fort Worth.
Membership trends were then discussed. While TXCPA boasts an impressive CPA member retention rate of 85%, the challenge lies in replenishing new CPA members as others transition into retirement. To address this, the Leadership Council voted on a nominal dues increase – a strategic move to maintain financial stability and long-term success.
New Leadership and a Bold Rebrand. There was excitement as the 2025-2026 TXCPA leadership team was introduced. Chair-elect Angela Ragan, CPA-Central Texas, delivered an inspiring message about her journey to leadership and commitment to service.
Gary McIntosh, CPA-Austin, CFF, unveiled a new name and brand for the TXCPA Accounting Education Foundation. Stay tuned this spring as we share the news with members and the public!
Strategic Growth and Structural Evolution. TXCPA’s President and CEO Jodi Ann Ray delivered key updates and timelines related to TXCPA’s Strategic Plan. The Membership Task Force is reviewing an updated membership model study to ensure TXCPA adapts to shifting demographics, enhances recruitment and retention, and provides greater flexibility and value to members.
Additionally, TXCPA’s Organizational Structure Task Force is discussing opportunities to streamline operations, leverage technology and improve localized service delivery.
The initial framework for value proposition messaging was also shared with the Leadership Council. Specialized toolkits for leaders and our chapters will be developed and shared soon to help us focus on communicating our value to members at every stage of their careers.
Looking Ahead. The momentum continues at the Annual Meeting of Members and Leadership Council Meeting on June 26-27, 2025, in Galveston. Don’t miss your chance to be part of these transformative discussions.
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:
