TXCPA Dallas

July 2020 Newsletter


In This Issue…

  • Chairman's Message
  • CPE
  • Convergence
  • Announcements
  • Membership
  • Classifieds

Chairman’s Message

By Jason Freeman, CPA

What a difference a year makes…


The July newsletter typically starts off with some reference to the searing heat of summer as a metaphor for the “hot” level of activity at TXCPA Dallas. July 2020 has brought the same high temps as always, but the work of the Chapter, while still intense, is somewhat more introspective this year. The pandemic has altered life as we knew it. Distancing, face masks, Zoom meetings…. The world is changing. At TXCPA Dallas, we are changing with it. And we want your input on that process. We want to know how—in this new environment—to best provide the high-quality services that our members are accustomed to as we ride out this unprecedented wave of history.


For some time, even before the COVID crisis, we’ve studied the idea of offering more online CPE—2020 has catapulted us into that reality. As you may have noticed, we are currently holding most of our CPE in an online format and will continue to do so for the foreseeable future. We’re excited that so many of you are participating and finding value in these events, and we’d like to have your input regarding the content of future offerings. Let us know what topics would you like to see covered? And are there particular speakers that you’d like to see featured? If you have suggestions, we sincerely invite you to share them with us by emailing Laura McFadden.


Speaking of CPE, we have a great two-hour webinar coming up on July 22ndGuiding Clients Through Succession Planning and the Sale of Accounting, Medical and Legal Practices During the COVID-19 Pandemic and Beyond. This session will provide an overview of considerations to employ when assisting clients through the practice sale process and other aspects of succession planning. John Eads of Howard LLP, and Elise Barajas and Greg Sampson of Gray Reed will lead us through this important and timely presentation.


Dr. Richard Mark will present our four-hour Accounting Ethics class on July 29th. If you’re in need of Ethics credits right now, not only does this course satisfy the State requirement, but you’ll also find Richard’s approach to the subject both entertaining and enlightening. This is a live class, and you can be confident that every precaution will be taken to ensure your safety.


Our first venture into online networking, Virtual Thirsty Thursday, was a great success! The event last week was attended by about 25 people and went so well that we’re doing it again in August. Stay tuned for the announcement of the date and the opening of registration.


TXCPA Dallas is coping with these life-changing times, as we all are. Learning new skills, creating new procedures and viewing the world in new and dynamic ways. What remains the same is our commitment to you to offer the very best in education, networking, professional support and advocacy—whatever the challenges we may face.


Let’s move forward, together.


Have a safe, healthy and prosperous July!


Jason Freeman, CPA

Chairman, 2020-21

Steve Tillinger’s S Corp Tax Issues & Update Webinar

Thursday & Friday, July 16 & 17


Our old friend Steve Tillinger is back!


Yes, it’s true! Please join us for a virtual offering of Steve Tillinger’s S Corporations Tax Issues & Update on Thursday, July 16 and Friday, July 178:30 a.m. each day for 16 hours of CPE credit. This course will bring you up to date on the important tax issues affecting your clients operating as S corporations. All registrants will be shipped a copy of the recently-released Eighth Edition of the CCH, Inc. book, Practical Guide to S Corporations ($185 value), which the instructor uses as course material. This updated edition provides an extensive, detailed discussion of Section 199A, Qualified Business Income, the passthrough deduction. Register by July 1 and save $100! 

Online CPE Event:

Guiding Clients Through Succession Planning and the Sale of Accounting, Medical and Legal Practices During the COVID-19 Pandemic and Beyond

Wednesday, July 22, 2020


TXCPA Dallas

invites you to an

Online CPE Event

Guiding Clients Through

Succession Planning and the Sale of

Accounting, Medical and Legal Practices

During the COVID-19 Pandemic and Beyond

presented by

Elise Barajas

Counsel, Gray Reed

John Eads

Tax Preparer, Howard LLP

Greg Sampson

Senior Counsel, Gray Reed

Wednesday, July 22, 2020

1:00 p.m. – 3:00 p.m.

This is an online event.


Course Description: Professional practices are continuing to be sold despite the uncertainty brought about by the COVID-19 pandemic and, in some instances, the pandemic and related economic downturn may actually spur the sale of some practices or hasten succession planning. This course will provide an overview of considerations in advising and guiding clients through the sale process, including tips for avoiding common pitfalls and identifying legal, ethical and practical issues specifically related to the sale of accounting, medical and law practices.

Learning Objectives:

Attendees will:

·     Understand the general practice sale process from start to finish and its role in succession planning.

·     Learn how to avoid common pitfalls associated with the sale of professional practices and succession planning.

·     Learn how to identify legal, ethical and practical issues specifically related to the sale of accounting, medical and law practices.

·     Learn how the COVID-19 pandemic may impact clients in the sale of their practices or succession plans.



Course #:

CPE Credit Hours:









Wednesday, July 22, 2020

1:00 p.m. – 3:00 p.m.

Live (Internet-based)

$35/Members; $135/Non-Members

To register for this event, click here.

Ethics Course – LIVE!!!

Wednesday, July 29, 2020

TXCPA Dallas is pleased to offer the required, State-approved, 4-hour Ethics course.



TXCPA Dallas Office

12400 Coit Road, Suite 750

Dallas TX 75251


This course is taught by Dr. Richard Mark.


Description: The course examines all of the various components of ethical issues essential to any CPA’s practice in the State of Texas. A main objective of the course is to work with CPAs to identify and reach satisfactory conclusions about ethical issues in all phases of public, corporate and governmental practice. To accomplish this objective, the course examines ethical principles and concepts, ethical reasoning, corporate governance and fraud, the impact of culture and human behavior on ethical conduct and applicable current Texas Rules of Professional Conduct through an interactive class environment.


Objective: To gain a better understanding of how a CPA’s ethical standards impact daily decision-making in practice and business.


Course No.

21600214 – Wednesday, July 29, 2020, 8:00 a.m. – 12:00 p.m.




Credit Hours:

Sponsor No.:







$120 (Member); $150 (Non-Member)

To register for this course, please click here.

Convergence 2021

Thank You to Our Sponsors


TXCPA Dallas welcomes these great organizations that have already committed their sponsorship support for Convergence 2021.



TXCPA Dallas

2020 Leadership Development Academy


TXCPA Dallas is now accepting applications for entry into its 12th annual Leadership Development Academy (LDA). For the past 11 years, the LDA has guided the next generation of future leaders for success both within TXCPA Dallas and beyond. Its curriculum and course activities are designed to help participants develop the skills needed to be effective leaders within their organizations, professions and community.


If you or someone you know would make a great addition to this year’s class, please click here for an application. The deadline for submission is October 1, 2020.

TXCPA Dallas Member Benefit:

Referral Service

Let TXCPA Dallas Help You Grow Your Business!


As one of its member benefits, TXCPA Dallas offers a referral service. Members may become a part of this service by paying a small annual fee of $100. Those seeking the assistance of a CPA can call TXCPA Dallas and receive the name of a professional close to them with skills matching their needs. Our statistics show that 53% of callers who contact CPAs through the Referral Service become clients.


To learn more about the Referral Service, contact TXCPA Dallas at 972-960-8311.

Calling All Bloggers!

Are you a blogger? Would you like to have your blog posted on TXCPA Dallas website? If you’re interested, please contact Laura McFadden.


Welcome, New Members!

Ahmad Abukias, Student

Jason Michael Albritton, CPA Samantha M. Alleman, Student Amanda Lynn Antone, CPA

Garrett Ard, Student

Brenda Avila Student

Courtney Michelle Bailey, CPA

Raunaq Q. Bana, CPA

Rania Barsoum, Student

Jacob Austin Beckham, CPA

Brian Anthony Beckman, CPA

David Evan Bell, CPA

Morgan Taylor Blackwell, CPA Fabrice Muki T. Bongo, CPA Anna Bozek, Candidate

Mary Brooks, CPA

Sheyenne Michelle Brubaker, CPA David Michael Bryant, CPA

Ping Bu, CPA

Joseph Cannaday, Student

Sarah White Cannon, CPA

Addison C. Carey, III, CPA

Ziang Chen, CPA

James Rian Conrad, CPA

William Dallas Cooper, CPA

Kaitlyn Eleanor Cornwell, CPA Liangrun Larry Cui, CPA

Keith Hammond Daniel, CPA

Lily Hooper Davis, CPA

Kelly Catherine Delaney, CPA Yuanjin na Du, Student

Jenny Ellett, Affiliate

Laura Elliott, Candidate

James Mitchell Falls, CPA

Morgan Gates, Candidate

Lauren Katherine Gentile, CPA

Curt Germany, Affiliate

Naomi Hannah Gillings, CPA

Sarah Elizabeth Glaze, CPA

Hong Chen Guidry, CPA

Hunter Christian Haas, CPA Jacklynn D. Huntoon, Student Morgan Elizabeth Smith Jaresh, CPA Joshua Abraham John, CPA

So Hee Kim, CPA

Brandon Scott Kummer, CPA

Brett Edward Labonte, CPA

Chan Lam Leong, CPA

Shuna Liu, CPA

Olivia Magdziak, CPA

Diana Kay Manley, CPA

Lauren Kathryn Marteney, CPA Albert Morales, Student

Travis Rogers Mote, Student

Yen Hoang Nguyen, CPA

Vy Nguyen, Student

Trinh Hoai Nguyen, Student

Yuan Pei, CPA

Kent Kiet Pham, CPA

Michelle D. Pham, Student

Rachel Claire Porter, CPA

Breanne Marie Riach, CPA Fernando Santos, Student

Ibraheem Abdullah Sayed, Student Rodney Lee Sekerak, CPA

Sherwin Sharifi, CPA

Victoria Lynn Strehle, CPA

Kevin Tan, CPA

Misty Dawn Trevino, Student Elizabeth Uribe, Student

Steve Vargas, Student

Jason Alexander Vizzerra, CPA Joshua David Whitt, CPA

Bruno Zamora, Candidate

TXCPA Dallas

Scholarship Winner Spotlight


Each month, we will spotlight one of this year’s TXCPA Dallas Scholarship winners. Join us this month in getting to know Southern Methodist University graduate accounting student Cecilia Weigman and welcoming her to TXCPA Dallas. 


Cecilia Weigman wants to change the world…by helping those who change the world. She wasn’t sure she wanted to pursue an accounting career at all until she found a mentor in a former CFO of a social entrepreneurship business, a restaurant that rehabilitates teens coming out of juvenile detention. Since Cecilia’s passion is human rights and affecting social change, she was inspired through this association to set her sights on a CPA certification with an eye to one day using her accounting skills to help social entrepreneurs run their nonprofits like successful for-profit businesses in order to raise capital for the programs and services they provide.


Cecilia received the Merit Scholarship and Sewell Merit Scholarship from SMU’s Cox Business School and the Second Century Scholar Scholarship from SMU. She received a Caswell Leadership Grant for co-founding a social entrepreneurship education initiative. She was a member of the University Honors Program, the BBA Scholars Program, and won the Phillip H. Solomon Award in World Languages and Literatures: Chinese, as well as the Outstanding Accounting Major and Distinguished Entrepreneurship Student Awards. Cecilia has served as Financial Officer and Site Leader for Alternative Breaks, a student organization offering community service opportunities during academic breaks. She was the 2018 Mustang Awakening Retreat Coordinator, Spirituality Co-Chair and a bible study leader for SMU Catholic Campus Ministry. She received her BBA in Accounting in May 2019, and her MS in Accounting last month.


Cecilia served as a tax intern at BaCo Group and as a Mergers & Acquisitions tax intern at PwC where she will join the staff in January 2021.


TXCPA Dallas welcomes and congratulates Cecilia Weigman. 

Congratulations Are in Order!

TXCPA Dallas congratulates these outstanding 2019-20 TXCPA Award winners:

  • Distinguished Public Service Award: Terri Hornberger
  • Chairman’s Special Recognition Award: Lucas LaChance and Blake Rodgers
  • Rising Star Award: Angela Banks and Sean Shepard

Ken Horwitz, longtime TXCPA Dallas member and author of the epic cookbook, Deep Flavors: A Celebration of Recipes for Foodies in a Kosher Style, is featured in the current edition of AAA’s Texas Journey magazine. If you’d like to read more about Ken’s culinary masterpiece and purchase a copy, you can find it here.


Practices For Sale
Practices For Sale in North Texas: gross revenues shown: SE Texas CPA $710; NW of DFW CPA $670K; East TX CPA Audit Firm $436K; Deep East TX CPA $212K; Texarkana EA $296K; Tyler/Longview Area CPA $780K; Abilene CPA $367K; Hurst CPA $364K; E/SE CPA $290K; NE Texas CPA $209K; Burleson CPA $270K; Fort Worth CPA $800K. For additional listings/information, call us at 1-800-397-0249 or visit us online at www.APS.net and register for free email updates.


THINKING OF SELLING? Accounting Practice Sales is located in North Texas and is the leading marketer of accounting and tax practices here and nationwide. We have a large buyer pool as well as the experience to help you find the right fit for your firm and negotiate the best price and terms. To find out more about our risk-free and confidential services, call Ryan Pannell with The Holmes Group at 1-800-397-0249 or send an email to Ryan@APS.net.

TXCPA Chapter Tip Sheet

You can turn to TXCPA for the constantly updated information you need to manage COVID-19 business issues.

·     Get the latest details about legislation, regulations and more at the special page on our website.

·     Register for relevant CPE webcasts, many of which are free for members.

·     Share ideas and resources with other members exclusively through TXCPA Exchange.

We’re here for you.




The Nominations Committee needs input for key leadership positions. TXCPA members can submit suggestions for next year’s Executive Board, directors-at-large (Board of Directors), Nominations Committee and Texas members for the American Institute of CPAs Council. The deadline for sending nominations is Aug. 15.

Online Nomination Form




TXCPA is proud of the innovation, professional dedication and community commitment of its CPA members 40 years old or younger. Those who have demonstrated exemplary leadership skills and active involvement in TXCPA, the accounting profession and/or their communities are recognized as Rising Stars. Read the names of honorees, along with TXCPA award recipients.



Accountants Confidential Assistance Network members, interested accountants and Friends of Bill Wilson meet regularly for mutual support and opportunities to assist others. Call 866-765-2226 or visit us online to learn more.