May-June 2022
In this issue:
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Future Ready and Looking Ahead
With the dedication of our volunteers, leaders, chapters and committed members, we are ending our 2021-2022 year with more members, more educational offerings and more progress towards the completion of our strategic plan.View Article -
SEC Proposes Controversial Rules Requiring Climate Related Disclosures
The SEC released proposed rules requiring reporting entities to include extensive disclosures regarding climate-related matters in registration statements and the annual Form 10-K.View Article
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Invested in Qualified Opportunity Zones?
Qualified Opportunity Zone Funds are an investment alternative offering substantial tax benefits for investments made by the end of tax year 2026, but compliance is going to be a big focus in the future.View Article -
2021-2022 Year In Review
The 2021-2022 year continued the challenging and unprecedented time as we faced the impacts the pandemic had on our professional and daily lives.View Article
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A CPA’s Guide to Data Analytics
The same analytical tools used by companies to manage their operations will also provide CPAs the tools to better understand their clients’ operations and dramatically change the way that external audits are performed.View Article -
Accounting and Tax Implications of Crypto Assets
FASB does not have any standards on cryptocurrencies; however, Topic 350, Intangibles–Goodwill and Other, provides the accounting guidance for cryptocurrencies and thereby accounting literature addresses the common-known cryptocurrencies as crypto assets.View Article
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Special Report - Technology
What information will CPAs need to prepare for the age of intelligent enterprises or as some have called it, Industry 4.0? Intellectual capital will become increasingly important.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