September-October 2025

In this issue:

Take Note

Insurance Benefits Tailored for TXCPA Members

As a TXCPA member, you have exclusive access to a suite of insurance benefits designed to help you protect what matters most – your family, your livelihood and your peace of mind. Backed by trusted, top-rated providers, the TXCPA Member Insurance Program delivers valuable, reliable coverage at competitive member-only rates.

Here’s what’s available:

Professional Liability Insurance
Cyber Liability Insurance
Life Insurance
Disaster Insurance
ID Responder+
Disability Income Insurance
Dental Insurance
Health Insurance
Long-Term Care Insurance
Pet Insurance

TXCPA Member Insurance plans are carefully curated to serve professionals like you, with coverage tailored to your lifestyle, dependable support and exclusive pricing from trusted carriers.

Peace of mind starts here. Learn more about your TXCPA insurance options and take a smart step toward protecting your future.

Enhancing Your Social Wellness

Positive social habits can help you build support systems and stay healthier mentally and physically. Check out this social wellness toolkit from the National Institutes of Health for six strategies to improve your social health.

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 www.tx.cpa/resources/acan.

Stand Out as a Leader with the CGMA® Designation

The Chartered Global Management Accountant (CGMA®) designation is recognized worldwide as the leading credential for management accountants. It’s earned by professionals who demonstrate expertise in finance, strategy, operations, and leadership.

Ready to elevate your career and gain a competitive edge? Visit www.cgma.org to explore the benefits and learn more about becoming a respected leader in management accounting.

Connect with Top Talent or Your Next Career Move at TXCPA’s Career Center

Whether you're hiring or job hunting, TXCPA’s Career Center is your go-to resource. Employers enjoy exclusive member discounts on job postings and internship listings are always free. Job seekers can search openings, apply online and set up a free Job Seeker Profile to get noticed.

Get started today. Log in with your TXCPA credentials at https://careers.tx.cpa.

Your Next Learning Opportunity: TXCPA's Upcoming CPE Programs

TXCPA offers a wide range of CPE programs designed to keep you current, compliant and competitive in today’s evolving environment. Whether you're looking to sharpen technical skills, explore emerging trends or meet your annual CPE requirements, you'll find flexible learning options tailored to your needs.

View all upcoming CPE offerings here.

2025 Accounting Education Conference

September 19-20 | Live/In Person | Webcast/Webinar

2025 Single Audits and Governmental Accounting and Auditing Conference

October 9-10 | Live/In Person | Webcast/Webinar

CPE Expo Conference

November 13 - 14 | DFW

November 17 - 18, 2025 | San Antonio

December 4 - 5, 2025 | Houston

The Texas Society of CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

2025-2026 Free CPE Webcasts for Members

Click here for more information and to register for the following upcoming free programs.

Texas Taxes: Quarterly Updates
October 16, January 15

Professional Issues Update
November 5
November 20 (Replay from November 5)
February 11
February 26 (Replay from February 11)
May 6
May 21 (Replay from May 6)

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 Biz Brokers

Accounting Practice 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.
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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.
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.
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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.
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
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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