Tax Section member spotlight on Janet Hagy, CPA

by Sarah Shannonhouse, CPA, Manager – Association of International Certified Professional Accountants

January 25, 2019

Janet Hagy

"Every little thing is gonna be alright.”

This line from one of Bob Marley’s and the Wailers most recognizable songs is painted on a hanging art piece in Janet’s home in Rockport, Texas. To be more specific — her Hurricane Harvey-ravaged home. Janet couldn’t help but simultaneously laugh and cry when she walked into the home after the storm and saw this art piece hanging directly below the sunken-in ceiling.

Although the rebuilding process on her home is ongoing, Janet still manages to run her own practice, Hagy & Associates, P.C. in Austin, Texas, while at the same time dedicates time and energy as a third-year member of the AICPA’s Tax Practice and Procedures Committee.

A little background on Janet: She moved a lot during her early school years before her family finally settled in Houston. She, like most of us, can vividly recall her first job, her worst job and the best job she’s held thus far. For Janet, her first job was a sales clerk at Sears. Her worst job was as a waitress in a comedy club (where the tips were little to write home about). Her best job, though, has been managing her own practice for the past 39 years.

Hagy & Associates, P.C. began with just two staffed professionals, and over the years, the practice has grown to a staff of 12. Much of this growth is attributable to referrals from clients and other professionals.

Janet believes that being a tax professional and founder of her practice has created value in her life. She loves helping clients achieve the best results from their tax issues and expressed that she would even do it for free if she could. The rewards of having clients say “well done” means the world to her.

When Janet looks back on those early years, she’s reminded of the faith and support her husband, Lee, showed her during those tough startup years. She also credits her mentor and teacher, Alan Bunch, with aiding her as she was just starting out. Without them, Janet says, there would be no Hagy & Associates, P.C.

Janet has been a dedicated volunteer to the AICPA for many years. Before she was appointed to her current position on the AICPA Tax Practice and Procedures Committee in 2015, she served on the AICPA IRS Advocacy and Relations Committee from 2012 to 2015 and the AICPA Individual Tax Technical Resource Panel from 2009 to 2012. She was the past Chairman of the Texas Society of CPAs External Relations/Image Issues Committee, among other volunteer roles.

Between her career, volunteerism, family and home restoration project, Janet doesn’t have a lot of spare time. But when there is some, she uses it to make jewelry and ornaments. She admits she also may occasionally daydream about being in her version of paradise: Kapalua Beach, Maui! What would be the three most important things she would take with her if she were to go there? Her husband, her Nook and a snorkel.

Janet is a member of the Tax Section at the AICPA and believes the Annual Tax Compliance Kit’s checklists are essential to her practice. Because it’s so easy to overlook something important in the heat of the battle, the checklists keep her on point and ready to tackle client tax projects.

A big thank you to Janet for her contributions not only to the AICPA and the Tax Section, but to the accounting profession at large.

Consider connecting with Janet on LinkedIn and meet other professionals like her via our Tax Practitioners' LinkedIn group