September-October 2021

In this issue:

Take Note

Reserve Your .CPA Domain!

New top-level web domains, such as .cpa, are one way for organizations to modernize their digital front door. The .cpa domain is a restricted domain available only to CPA firms and individually licensed CPAs. It was launched in September 2020 to licensed firms and earlier this year to individually licensed CPAs, and it will be launched globally to select countries later in 2021.

By adopting a .cpa domain, you can:

Secure your data;
Enhance client trust;
Strengthen your brand; and
Give your digital footprint the distinction of being a CPA.

As of August 1, more than 6,000 .cpa domains have been registered by thousands of individually licensed CPAs and licensed firms, including 90% of firms in the AICPA Major Firms Group and 80% of the 500 largest firms. For more information and to apply for a .cpa domain, please visit domains.cpa.

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Knowledge Hub is an Information Resource for Members

TXCPA’s Knowledge Hub provides you insights and thought leadership resources designed to be helpful in your business, practice area or career. You’ll find vendor-sponsored white papers, product guides, case studies, industry analysis and much more.

Visit the TXCPA Knowledge Hub today for an extensive library of free downloadable content provided by experts and vendors within the accounting profession.

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Win a 2022 Annual Meeting Prize Pack!

Supporting your profession is a win-win. Your contributions not only further the accounting profession in Texas, but they could also make you the lucky winner of a 2022 Annual Meeting Prize Pack! Make a contribution in the amount of at least $100 to the TXCPA Accounting Education Foundation or the Accountants Confidential Assistance Network (ACAN) during the 2021 calendar year and to show our thanks, TXCPA will enter you in a random drawing for a two-night stay at The Kalahari Resort for our 2022 Annual Meeting, a fun welcome amenity when you arrive, a poolside play package and more! .

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Connecting on TXCPA Exchange

Members across the state are building community and connecting on TXCPA Exchange. In our changing environment, it’s more important than ever to maintain the connection to your professional community to ask questions, offer feedback and actively exchange ideas with your colleagues.

In addition to the general All Member Forum, there are three interest-area communities – Tax Issues, CPA Practice Management and Nonprofit Accounting. Be sure to log in today and join the conversation. Access TXCPA Exchange.

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July-August 2026

In This Issue

women in leadership

Grounded in Faith, Guided by Purpose: The Journey of Angela Ragan

TXCPA’s incoming Chair Angela Ragan has built a career rooted in faith, service and leadership. Inspired by an early interest in accounting, she now helps clients navigate complex tax, business and estate planning matters. Beyond her professional success, Ragan is deeply involved in TXCPA, community service and church leadership. Her story reflects a lifelong commitment to integrity, compassion and serving others.
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CPE: Cryptocurrency Tax Rules and Challenges Explained

As cryptocurrency continues to become more integrated into everyday financial activity, tax compliance for digital assets remains a growing focus for practitioners. This article offers practical guidance on cryptocurrency taxation, emphasizing the importance of continuing education, monitoring regulatory developments, and maintaining records to support accurate and compliant tax reporting.
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Tax Technology
Students

What’s Happening Around Texas - July-August 2026

TXCPA chapters across Texas hosted a variety of events. Highlights included the Brazos Valley Annual Meeting featuring career insights and advocacy updates, and outreach connecting accounting professionals with aspiring CPAs. Houston members celebrated VITA volunteers and strengthened community ties. TXCPA Panhandle raised scholarship funds through its first golf tournament, while South Plains members closed the year with a meeting focused on connections and member recognition.
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Texas Sales Tax Audits: Why Recordkeeping Determines Who Wins … and Who Pays Sales Tax

Texas sales tax audits are becoming more data-driven, making accurate recordkeeping critical to avoiding costly assessments. When businesses lack complete documentation, auditors must estimate liability, often leading to inflated taxes, penalties and interest. Strong internal controls, organized records and experienced audit support are essential to achieving successful audit outcomes.
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Texas Sales Tax
volunteer advocacy

Celebrating a New TXCPA Year

TXCPA's incoming Chair Angela Ragan welcomes the new year, highlighting members’ role in strengthening the profession through mentorship, innovation and engagement. Looking ahead, TXCPA will focus on navigating continued change, supporting members with education and advocacy, and protecting the value of the CPA license.
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What Private Equity and Family Offices Look for in Acquisition Targets

Private equity firms and family offices prioritize acquisition targets with reliable cash flow, strong leadership and clear growth potential. Key factors include clean financials, a capable management team, and a defensible market position supported by loyal customers or exclusive relationships. Overall, businesses that prepare well in advance and strengthen these areas tend to achieve better outcomes in a sale or recapitalization.
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succession planning
risk management

Beyond the 5% Rule: Transforming Audit Materiality with Blockchain and Explainable AI

Traditional materiality benchmarks like the 5% rule are no longer sufficient given modern risks such as ESG issues, financial volatility and cybersecurity. The Adaptive Materiality Framework allows auditors to reassess materiality dynamically when risk events occur. The framework improves consistency, transparency and audit quality while still relying on professional judgment.
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TXCPA Advocacy – A Preview of 2027

Following key victories that expanded CPA licensure pathways and modernized practice mobility, TXCPA is preparing for the 2027 legislative session. We are monitoring potential deregulation efforts across the country that could weaken licensing standards and public protection. As we develop the 2027 legislative agenda, member involvement is key to help advocate for policies that support the profession’s long-term strength.
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volunteer advocacy
Texas Sales Tax

Take Note

In this edition of Take Note: Leadership Nominations; Accountants Confidential Assistance Network (ACAN); TXCPA's Mentor Match Program; Word Game - Texas Sales Tax Audits; Accounting Excellence Award Recipients
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Classifieds

The Classifieds section of Today's CPA provides a one-stop destination to find practices for sale, connect with buyers, and access services that support growth, transition and market expansion.
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succession planning