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September-October 2021

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In this issue:

An Evolving Profession

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CEO’s Message

By TXCPA President and CEO Jodi Ann Ray, CAE

TXCPA President and CEO Jodi Ann Ray, CAEWelcome to your digital copy of Today’s CPA! We’re leveraging technology to deliver the latest news and updates directly to you in a format that you can easily access on any device.

I know this past year has been full of constant change, and it’s not stopping or slowing down any time soon. You are part of a vibrant and evolving profession that is rapidly changing. There’s no doubt you see this in your day-to-day work with clients and customers.

In the cover story, you’ll read more about some new changes that impact those in the CPA pipeline and our educators who are preparing the next generation of Texas CPAs. CPA Evolution, an AICPA and NASBA initiative, is taking shape with recommended changes to accounting curriculum and big changes to the CPA Exam and CPA licensure.

The Exam changes are on deck for as early as January 2024. That’s right around the corner. We know this will be a big undertaking for our colleges and universities here in Texas. Read on to learn about CPA Evolution and how AICPA and TXCPA are positioned to help Texas educators and students buckle up for the changes on the horizon.

If you’re interested in supporting the future of accounting education in Texas, I encourage you to consider making a contribution to the TXCPA Accounting Education Foundation. Your gift will provide support to students and educators through scholarships and training.

Please also tell the students you know in your community and internship programs about TXCPA and our free student membership. Being engaged in and involved with TXCPA and their local chapter will help them stay on the leading edge of all the changes that lie ahead.

Stay tuned to your TXCPA communications as we continue to keep you informed about professional issues impacting all CPAs in Texas.

Thank you for your continued support!

Share Your Thoughts

I would love to hear your thoughts on CPA Evolution or any other issue that is top of mind for you. Be sure to drop me a note at jray@tx.cpa.

 

 

 

November-December 2024

Flipbook

In This Issue

  • TXCPA’s 2024 Rising Stars

    TXCPA's Rising Stars Program shines a spotlight on CPAs under 40 who are making a remarkable impact. These 18 honorees stand out for their leadership, commitment to the accounting profession and service to their communities. Join us in congratulating the 2024 Rising Stars!
    View Article

  • CPE: Update on Financial Reporting for Joint Venture Formation

    Joint ventures are powerful tools that allow companies to pool resources and technologies to innovate with new products, services and markets. Accounting Standards Update 2023-03 now fills a critical gap by setting new financial reporting standards specifically for joint venture formation. This article explores what finance professionals need to know about the guidance.
    View Article

  • What’s Happening Around Texas - November-December 2024

    Learn about some of the recent events and activities that happened around the state in the TXCPA chapters.
    View Article

  • Mitigating Medicare Mistakes: The CPA’s Role in Navigating IRMAA Challenges

    Navigating Medicare's Income-Related Monthly Adjustment Amount (IRMAA) can be challenging, especially for higher-income individuals who face additional premiums for Medicare Parts B and D. As CPAs, you play a crucial role in helping clients understand and plan for these potential extra costs, using your tax and financial expertise to guide them through Medicare’s complexities. This article explores strategies that can assist in minimizing IRMAA-related surprises.
    View Article

  • Pink-Collar Crime: An Interview with Kelly Paxton

    Kelly Paxton, a former U.S. Customs agent and expert in pink-collar crime, discusses the world of workplace embezzlement, which disproportionately involves women in lower to mid-level positions. Her insights emphasize that these are often crimes of opportunity rather than intent, making vigilance and ethical leadership essential in safeguarding against them.
    View Article

  • Celebrating Our 2024 Rising Stars!

    This issue of Today’s CPA is arguably one of the most anticipated issues of the year, where we celebrate the Rising Star Award winners! These young members are future leaders and innovators, shaping the future of TXCPA and inspiring the next generation of CPAs. They bring fresh ideas and excellence to our profession.
    View Article

  • Are Noncompete Agreements a Thing of the Past?

    In the world of business, protecting a competitive edge often means using noncompete agreements to keep valuable knowledge in-house. The FTC recently moved to limit noncompete agreements, banning most new ones as of September 2024, but this decision faces legal challenges. Until legal battles are resolved, businesses are expected to continue cautiously enforcing noncompete agreements.
    View Article

  • The 2024 Election and What it Means for Texas

    In the November 2024 election, Americans cast their votes for President, Congress, state offices and a host of local races. The 2024 election season felt especially long, marked by heated debates and high voter engagement. Here’s a summary of results and a look ahead to the key issues expected to shape the 2025 Texas legislative session.
    View Article

  • Take Note

    In this edition of Take Note: TXCPA's Career Center; Join the Key Persons Program; November is Accounting Opportunities Month and TXCPA Month of Service; Protect What Matters Most with Member Insurance; TXCPA’s Advocacy Day and Midyear Leadership Council Meeting on January 28-29; Accountants Confidential Assistance Network
    View Article

  • Classifieds

    The classified ad section offers a dynamic marketplace, featuring listings for practice owners looking to sell, professionals seeking firms to purchase and a variety of specialized services. Whether you're looking to expand, sell or explore niche opportunities, this section connects professionals with valuable business prospects and resources.
    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

 

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