November-December 2024

Flipbook

In this issue:

November 01, 2024

Take Note

Join TXCPA's Key Persons Program and Advocate for the Profession

Are you interested in helping TXCPA grow the CPA pipeline, protect the CPA license, and/or engage in politics and government affairs? If so, the TXCPA Key Persons Program is for you! This program connects members with legislators to promote the CPA profession and support TXCPA’s legislative priorities. Key Persons engage with lawmakers to communicate the importance of the profession and protect the CPA license.

With the 2025 legislative session fast approaching, TXCPA is looking for more members to bolster the program, build relationships with legislators and support our efforts in Austin. No experience is needed – just a willingness to get involved. Contact Kenneth Besserman at kbesserman@tx.cpa or Patty Wyatt at pwyatt@tx.cpa for more information, or submit a volunteer interest form at bit.ly/4dknbOa. We look forward to working with you in the coming year and in Austin during TXCPA’s Advocacy Day in January 2025.

Protect What Matters Most with TXCPA Member Insurance

Safeguard your family, property and career with TXCPA Member Insurance. Our association-endorsed insurance offers value and reliability you can trust.

Why choose the TXCPA Member Insurance Program?

  • Coverage designed for professionals and their families.
  • Exclusive member rates from top-rated carriers.
  • Your participation supports the mission of the Texas Society of CPAs.

Learn more at txcpainsure.org or call us at 800-428-0272.

November is Accounting Opportunities Month and TXCPA Month of Service!

This November, TXCPA is hosting Accounting Opportunities Month in conjunction with our annual Month of Service to raise awareness of accounting career opportunities. Your participation can create a meaningful difference! Consider volunteering for classroom visits or utilizing the hashtag #CPAMonth to share your unique career story, words of wisdom or message of gratitude on social media.

Help extend our reach by sharing this opportunity with educators in your network! They can visit this link to request a classroom or virtual visit during the month of November.  Together, we can inspire the next generation of CPAs!  

November is also TXCPA's annual Month of Service, where members, firms and companies come together to make a difference. From food drives and financial literacy workshops to holiday toy collections with a money-smart twist, there are countless ways to give back. If you’re looking for ways to participate in Month of Service, please contact the membership team by email at membership@tx.cpa or give us a call at 800-428-0272.

Save the Date: TXCPA’s Advocacy Day and Midyear Leadership Council Meeting is January 28-29, 2025

TXCPA’s 2025 Advocacy Day and Midyear Leadership Council Meeting will be held on Tuesday and Wednesday, January 28-29, 2025, in Austin. Attendees will hear legislative updates during the Advocacy Day program and are encouraged to visit legislators and legislative staff at the Texas Capitol to discuss critical business issues.

Go to the Leadership Meetings area of TXCPA's website at www.tx.cpa for more details about the meeting.

Accountants Confidential Assistance Network (ACAN)

If you’re struggling with addiction, substance abuse or mental health issues, TXCPA Peer Assistance is here to help. Join a weekly support group, send a confidential message and find more resources at tx.cpa/resources/acan.

Call ACAN at 866-766-ACAN or send a text to 214-566-2854. There’s no risk!

Find Career Opportunities and Top Talent with TXCPA's Career Center

Looking to hire or searching for a job in accounting and finance? Visit TXCPA’s Career Center! Employers get deep discounts on job postings and internships are always free. Job seekers can browse listings, apply online and create a free Job Seeker Profile. Start today by logging in with your TXCPA credentials at https://careers.tx.cpa.

 

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:

Accounting Practice Sales

Capstan

Condley and Company

CPA Charge

Goodman Financial

Poe Group Advisors

Professional Accounting Sales


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