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July-August 2023

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In this issue:

July 28, 2023

Every Member Counts

By TXCPA Chair Tim Pike, CPA-Dallas, CFE

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By TXCPA Chair Tim Pike, CPA-Dallas, CFE

Welcome to the first Today’s CPA of the 2023-2024 year. We started the new TXCPA year off with celebrations and thoughtful collaboration at the Annual Meeting of Members in Fort Worth. I always enjoy coming together as a community to work on the issues that are facing our profession and our organization.

Part of the work done at the Annual Meeting was focused on launching our strategic planning process. TXCPA’s Strategic Plan provides a road map for three years of connecting, protecting and advancing you, our members. To be sure, we have a plan that is reflective of what our membership needs and wants; we strive to gather input, data and feedback from across the state. Every member counts.

I encourage you to add your voice to the process this year. Here are just three of the ways you can chime into what we’re doing at TXCPA: 

  • Participate in member surveys. Member research is done throughout the year with surveys landing in members’ inboxes each month. When your survey arrives, please take just a few short minutes to tell us about your experience.
  • Join a committee. With committee opportunities at TXCPA and in the local chapters, there are many ways you can be a part of the conversations that guide the work being done on behalf of the profession. Check out the opportunities in the Get Involved section of www.tx.cpa or contact the TXCPA team for personal assistance.
  • Send us feedback. We stand ready to assist members with any questions they have or to collect any feedback and insights they want to share. If you have an idea, concern or wish, let us know. You can send an email to membership@tx.cpa, call 800-428-0272 or send me an email at chair@tx.cpa. We would love to hear from you.

 Your active engagement – whether it’s through survey replies, service in your chapter, involvement on a state-level committee or a variety of other areas – can make an impact on the future of our profession and the future of TXCPA.

 I look forward to serving alongside you in 2023-2024 as we continue to move our profession and organization forward!

 

 

 

July-August 2024

Flipbook

In This Issue

  • Take Note

    In this edition of Take Note: TXCPA Connects With 2,800+ Students During Accounting Opportunities Month; Purchase a Listing in TXCPA’s New Employer Guide; TXCPA’s Career Center; Top Meditation Apps; Leadership Nominations; TXCPA Recognizes 2023-2024 Award Recipients
    View Article

  • Spotlight on Cyber Insurance

    Cyber insurance is essential for protecting businesses from the increasing frequency and cost of cyberattacks. Standalone cyber insurance policies provide comprehensive coverage, including incident response, business interruption, cybercrime, and privacy liability. This insurance is particularly crucial for accounting firms, which are frequent targets of cyberattacks, helping them mitigate financial and reputational damages.
    View Article

  • Will Others Follow BDO’s Lead to Attract and Retain Staff?

    Facing a decline in new entrants and retention issues, BDO USA implemented an Employee Stock Ownership Plan (ESOP), departing from the traditional partnership model. This shift gives BDO's employees ownership stakes, aligning their interests with the firm's long-term success. This move may set a precedent for other large and mid-market firms to follow.
    View Article

  • The 2024 Election and the Upcoming 2025 Legislative Session

    The 89th Session of the Texas Legislature starts on January 14, 2025, following a tumultuous 2024 election season where the Texas House saw many incumbents defeated and significant political upheaval. TXCPA invites input on important legislative issues as we prepare for the upcoming session.
    View Article

  • Tackling the Talent Shortage

    The July/August issue of Today's CPA features the first message from our new TXCPA Chair. He writes that it's an exciting time for accounting educators, particularly in light of TXCPA's multi-year CPA Pipeline Strategy and involvement with AICPA's National Pipeline Advisory Group, all aimed at addressing the talent shortage in the accounting profession.
    View Article

  • 2024-2025 TXCPA Chapter Officers

    See the listing of new TXCPA chapter officers. This dedicated group of volunteers will be leading the chapters in the 2024-2025 year.
    View Article
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  • What’s Happening Around Texas

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

  • Corporate Transparency Act: An Update

    Now that 60 days have passed since the Corporate Transparency Act was implemented, this article provides an update on the latest issues. Even if CPAs are not responsible for BOI filings, they should monitor changes in guidance and relay this information to their clients to keep them aware.
    View Article

  • CPE: Distinguishing Debts from Equity - Warrants Issued in Conjunction with Debt Instruments

    Stock warrants give an entity the right to buy or sell a security at a set price before a certain date, deriving value from their underlying asset, similar to stock options. Companies may issue these warrants alongside equity or debt instruments. This article focuses on warrants issued with debt instruments, analyzing their classifications and accounting implications based on ASC guidance.
    View Article

  • Introducing Our New Chair, Mohan Kuruvilla

    Mohan Kuruvilla, Ph.D., CPA-Houston, is serving as TXCPA's Chair for 2024-2025. His focus is on modernizing accounting education with data analytics and AI while addressing the talent shortage through experiential learning and stronger academic-employer partnerships. His objectives for the year include promoting continuous learning and attracting students to the accounting profession.
    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

MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa

COLUMN EDITOR
Don Carpenter, MSAcc/CPA

WEB EDITOR
Wayne Hardin

CLASSIFIEDS
DeLynn Deakins

Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa

 

Editorial Board
Shivam Arora, CPA-Dallas;
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Melissa Frazier, CPA-Houston;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Joseph Krupka, 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, CPAHouston.

CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Holly McCauley; Shicoyia Morgan; Craig Nauta; Kari Owen; John Ross; April Twaddle

 

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