September-October 2025

In this issue:

What’s Happening Around Texas - September-October 2025

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

TXCPA Brazos Valley’s annual meeting and luncheon brought together professionals and students for a vibrant afternoon of networking, insight and opportunity. Local firms hosted recruiting booths and spoke with accounting students from across the region. Attendees heard an update from TXCPA Chair Mohan Kuruvilla, followed by a lively Q&A with a panel of experts from various areas of accounting. The discussion sparked great engagement from both students and professionals. It was a strong showing of community, connection and future-focused momentum.

TXCPA Dallas had the exciting opportunity to go behind the scenes at Methodist Dallas Medical Center, thanks to a special collaboration with the Financial Planning Association. Members were given an exclusive look at the hospital’s innovative vision for the future. The tour featured some of the hospital's most impressive areas, including the helipad, the cutting-edge Center for Simulation and Wellness, and the beautifully renovated Labor and Delivery floor. The eye-opening and informative event left a lasting impression on the members.

TXCPA East Texas members recently gathered at Rusty Axe Brewing Co. in Lufkin for an evening of camaraderie, craft beer and fun. The event offered attendees a chance to unwind, catch up with colleagues and enjoy one of East Texas’s most unique local venues. Guests enjoyed a flavorful lineup of house-made brews and the laid-back, welcoming atmosphere. It was an evening filled with laughter, good food and even better company. A heartfelt thank you to everyone who attended and helped make the event such a success!

TXCPA El Paso kicked off the new fiscal year with energy, ideas and a clear vision for growth. Chapter Board members recently came together to brainstorm and strategize how to build on the chapter’s strong foundation of professional development, student outreach and community engagement. With a commitment to serving CPAs across far West Texas, they’re ready to create meaningful programs and opportunities tailored to the region’s needs. This year’s guiding theme, “Through change, we grow,” reflects their focus on adaptability, innovation and continued excellence in everything they do.

Is Your Chapter Doing Something Awesome? Let Us Know!

Whether you're hosting a professional development event, organizing a community outreach project, have a leadership meeting, or celebrating a big chapter milestone, we want to hear about it! Share your chapter’s activities with us. Send your photos and event details to Managing Editor DeLynn Deakins at ddeakins@tx.cpa and help us showcase the great work your chapter is doing!

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:

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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.
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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