article thumbnail

Texas Society of CPAs Hosts Accounting Opportunities Month

CPA Practice

The Texas Society of CPAs is collaborating with the American Institute of CPAs and other state CPA societies throughout the U.S. for a unique career awareness event aimed at inspiring and educating students about career opportunities in accounting. TXAOM23.

cpas 59
article thumbnail

The Texas Board of Accountancy Slapped EY With a Huge Fine

Going Concern

This time in the form of $3 million payable to the state of Texas. This is the largest administrative penalty the Texas Board has ever assessed against a CPA firm. Details From the SEC Order The post The Texas Board of Accountancy Slapped EY With a Huge Fine appeared first on Going Concern. That’s it.

Texas 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State CPA Societies in Action: The Texas Society of CPAs (TXCPA)

CPA Practice

One of the oldest and largest societies in the United States, the Texas Society of Certified Public Accountants or TXCPA currently has 28,000 members. Founded in 1915, the Texas Society of Certified Public Accountants (TXCPA) provides a wide array of professional resources for CPAs.

Texas 64
article thumbnail

Effective September 1, You Can Sit For the CPA Exam in Texas With 120 Units

Going Concern

Another state has pushed to allow prospective CPAs to sit for the exam with just a bachelor’s degree worth of units and that’s good ol’ Texas. Effective September 1, future CPAs can sit for the exam with 120 units of education. Before anyone gets too excited, note candidates still need 150 units for licensure.

Texas 127
article thumbnail

EY Gets $3 Million Penalty by Texas Board of Public Accountancy

CPA Practice

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm.

Texas 85
article thumbnail

Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Your client will be assigned an employer tax account number for the state. By Nellie Akalp.

article thumbnail

Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

The Texas Senate unanimously passed a bill on Tuesday that would lower the eligibility requirement for CPA candidates to sit for the CPA exam from 150 semester credit hours to 120. The bill now advances to the Texas House of Representatives for a vote. Thank you to @electcharles , the TX Senate & Lt.

Texas 128