January-February 2024
In this issue:
- Portability - Take a Closer Look with the 2025 Sunset on the Horizon
- Handling an Estate with S Corporation Stock
- Artificial Intelligence Offers Turbo-Charged Solutions
- Looking Ahead to 2024
- CPE Article: Recent Developments in Foreign Bank Account Reporting
- CPA Pipeline Issues Front and Center as TXCPA's Advocacy Efforts Continue
- What’s Happening Around Texas: Month of Service and Career Awareness
- For TXCPA Member Arturo Machado, the CPA License Unlocks Trust and Credibility
- The Fundamentals of Value Pricing
-
Portability - Take a Closer Look with the 2025 Sunset on the Horizon
When a client’s spouse dies, the client is likely overwhelmed. And although no federal estate tax return is required by the tax laws to be filed for a deceased spouse, it does not necessarily mean that one should not be filed anyway. In some cases, it is appropriate to file a federal estate tax return to transfer the deceased spouse’s unused federal estate tax exclusion to the surviving spouse.View Article -
Handling an Estate with S Corporation Stock
It is prudent to revisit the Code and Regulations whenever working on an estate where the decedent owned S corporation stock at death so as not to inadvertently terminate the corporation’s S status. This article provides a high-level overview and reference tool covering the practical, procedural and timing matters applicable to estates and testamentary trusts that typically arise during an estate administration.View Article
-
Artificial Intelligence Offers Turbo-Charged Solutions
The business world in general and the accounting profession specifically is front and center when it comes to seeking ways to harnessing the artificial intelligence. AI is increasingly being employed to automate business processes.View Article -
Looking Ahead to 2024
We hope you had a healthy and prosperous 2023, and we look forward to helping you reach your goals in 2024! TXCPA is committed to bringing you resources, information, and connections to help you position your business and your clients for great success this year.View Article
-
CPE Article: Recent Developments in Foreign Bank Account Reporting
When a client shares that they have foreign activity, the immediate reaction of CPAs can be one of anxiety about adding more reporting requirements to domestic filing obligations. In this article, one particular reporting requirement is explained to assist in remediating some of the unknowns surrounding foreign reporting, specifically the Report of Foreign Bank and Financial Accounts (FBAR).View Article -
CPA Pipeline Issues Front and Center as TXCPA's Advocacy Efforts Continue
The 2023 session of the Texas Legislature was a success for TXCPA and our efforts to address CPA pipeline issues. From allowing students to begin to take the CPA Exam after completing 120 semester hours to helping pass legislation to expand the Texas State Board of Public Accountancy scholarship program, TXCPA’s advocacy will have a beneficial effect on the CPA pipeline.View Article
-
What’s Happening Around Texas: Month of Service and Career Awareness
In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in the TXCPA chapters. TXCPA's Accounting Opportunities Month, held in conjunction this year with our annual Month of Service, showcased the remarkable dedication of members in making a meaningful impact in your communities.View Article -
For TXCPA Member Arturo Machado, the CPA License Unlocks Trust and Credibility
TXCPA member Arturo Machado is a shareholder at Sol Schwartz & Associates. His commitment to professional development and community engagement is shown by his service on the TXCPA Leadership Council, and active involvement in leadership roles and chapter activities within TXCPA San Antonio.View Article
-
The Fundamentals of Value Pricing
Pricing for profit is critical to the health and success of your business. When you set your prices correctly, you gain a significant edge over your competitors. So, how do you set your prices correctly in today's economic environment?View Article
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;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPA-Houston.
CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Holly McCauley; Shicoyia Morgan; Craig Nauta; Kari Owen; John Ross; Lani Shepherd; April Twaddle; Patty Wyatt