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November-December 2021

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In this issue:

Recognizing Our Rising Stars

By TXCPA Chairman Jason Freeman, JD, CPA-Dallas

Jason Freeman, CPA-DallasYour November/December issue of Today’s CPA has arrived! Whether you’re reading the print copy from your mailbox or clicking through this digital version, we know you’ll enjoy this issue. You won’t want to miss the cover story on our 2021 Rising Stars – the future of our profession.

When reading their profiles beginning, we know you’ll see the many reasons these 19 members were recognized as up and comers in TXCPA, the accounting profession and their communities. We send our heartfelt congratulations to each of these young CPAs and can’t wait to watch them continue to soar.

We’re seeking nominations for our 2022 Rising Stars and welcome your input. Submit a nomination through our simple online process. The deadline is December 31, 2021.

Also coming up is our annual TXCPA Month of Service. This is an exciting time to be involved as we mobilize our 28,000 members to give back in December with financial literacy education and service. Contact your chapter to find out how you can be involved in planned outreach near you or visit the website to find resources in The CPA Advantage toolkit to prepare for outreach on your own.

We wish you the best this holiday season! We are very grateful for your membership and trust in TXCPA!

Let’s Chat!

I’d love to hear your feedback and answer your questions. Send me a note at chairman@tx.cpa.

July-August 2024

Flipbook

In This Issue

  • 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

  • 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.
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  • 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

  • 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.
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  • chapter-map-coded-by-size

    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

  • 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

  • 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.
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  • 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.
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  • 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

  • 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

 

 

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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