May-June 2026

In this issue:

May 08, 2026

What’s Happening Around Texas - May-June 2026

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

TXCPA Austin’s amazing volunteers spent time serving at the Central Texas Food Bank, helping provide food, stability and hope to their neighbors who need it most. Their commitment made a real impact on the community. TXCPA Austin also hosted its Cruise for a Cause Scholarship Fundraiser, where member generosity and enthusiasm turned the evening into a major success. Their support is opening doors for future accounting students and strengthening the next generation of CPAs.

TXCPA Dallas hosted an impactful Behind the Scenes event at Envision Dallas, where members saw how the organization empowers people who are blind or visually impaired through innovative programs and supportive services. It was an inspiring look at their mission in action. Members also connected at two chapter meetups: a lively Coffee & Connections at La Casita Coffee and an evening gathering at Wildwood Firewheel. Both events offered great conversation, new connections and a warm, welcoming atmosphere.

TXCPA East Texas welcomed more than 100 students and faculty to its Texas CPA2B Bootcamp at UT Tyler, giving attendees a clear look at career paths, the CPA Exam and what firms are looking for in new hires. Presenters shared practical guidance and encouragement with future CPAs. The chapter also hosted a PAC Reception with Senator Bryan Hughes, creating an engaging evening of conversation and advocacy. Members connected around their shared commitment to strengthening the CPA profession in Texas.

TXCPA Houston Student Auxiliary members joined other local students for Spring 2026 Deloitte Academy Day, where they explored accounting and professional services careers and built practical workplace skills. The chapter also hosted a Mix & Mingle at Paul’s Wine Pix in Bellaire, giving members and guests a chance to unwind during busy season. In addition, a Morning Buzz at Dandelion Cafe brought together a strong turnout. These casual gatherings continue to strengthen relationships across the Houston accounting community.

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:

8amCPACharge

Accounting Biz Brokers

Accounting Practice Sales

Goodman Financial

Paychex

TXCPA Member Insurance

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