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What Your Aging AR Report Is Actually Telling You

What Your Aging AR Report Is Actually Telling You

Your aging AR report isn't just a list of late invoices. It's an early warning system that reveals two very different cash flow problems: a system-wide slowdown in collections or a dangerous concentration of overdue balances. Learn how to read the pattern and respond the right way.
Make Sure You Have These Four Items Covered Before Selling Your Business

Make Sure You Have These Four Items Covered Before Selling Your Business

Most business owners assume buyer scrutiny begins when due diligence starts. It doesn't. The decisions you're making right now, years before a sale, are already shaping the price a buyer will pay and the deal structure they'll offer.
Protecting Your Family from Financial Scams

Protecting Your Family from Financial Scams

Financial scams are more sophisticated than ever, and the people most at risk are often the ones least likely to see it coming. A few simple safeguards could be the difference between your family staying protected or losing tens of thousands of dollars. Here's what you need to know.
Build a Dashboard That Actually Drives Your Business

Build a Dashboard That Actually Drives Your Business

Your dashboard should do more than confirm what already happened. It should warn you before problems arrive. Learn how to identify the leading indicators that give you time to act, not just a record of what went wrong.
How to Build a Business Case for AI: A 5-Step Framework

How to Build a Business Case for AI: A 5-Step Framework

Build a stronger AI business case with a five-step framework to define vision, estimate ROI, assess risk, and secure funding before initiatives stall.
Tax Alert: IRS Automatic Penalty Relief Replaces First Time Abate in 2026

Tax Alert: IRS Automatic Penalty Relief Replaces First Time Abate in 2026

Aprio Insights on the Tax Alert: IRS Automatic Penalty Relief Replaces First Time Abate in 2026. Read the article.
When and why every business owner needs a business valuation

When and why every business owner needs a business valuation

Most business owners carry a rough estimate of what their company is worth, but that mental number is not a valuation, and the gap between the two can be costly. A formal, methodology-based business valuation is required in a wide range of situations, including selling or transferring a business, estate planning, lending, divorce, equity compensation, and shareholder disputes. Working with a credentialed valuator and involving your CPA early ensures the resulting number is defensible when it matters most.
Section 1202’s QSBS Ownership: The Pass-Through Entity Trap

Section 1202’s QSBS Ownership: The Pass-Through Entity Trap

Owning QSBS through a pass-through entity? Section 1202 eligibility is decided at the entity-level. Learn what the Seed decision means for partners claiming the exclusion.
The Federal R&D Tax Credit: A Practical Guide to the Basics

The Federal R&D Tax Credit: A Practical Guide to the Basics

The federal R&D tax credit can provide lucrative tax savings for companies investing in innovation. Learn more about R&D credit eligibility & utilization.
When a Rental Loss Isn’t a Tax Deduction: Passive Activity Rules and the Real Estate Professional Exception

When a Rental Loss Isn’t a Tax Deduction: Passive Activity Rules and the Real Estate Professional Exception

This article will explain the ways a rental real estate loss can be limited, the differences between a passive and nonpassive activity, the tests to determine material participation, and real estate professional status.
A Nonprofit’s Guide to Stronger Grants Management

A Nonprofit’s Guide to Stronger Grants Management

Nonprofit grants management best practices for stronger controls, cleaner reporting, and reduced compliance risk across the grant life cycle.
Proposed Changes to Federal Grant Rules for Nonprofits

Proposed Changes to Federal Grant Rules for Nonprofits

Explore proactive strategies on how to navigate the proposed changes to federal grant rules for your nonprofit.
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  • Johnson & Sheldon, PLLC
    Amarillo Location
    500 S Taylor St Suite 200
    Amarillo, TX 79101

    Phone: 806-371-7661
    Fax: 806-371-0529
    Email: ebaten@amacpas.com

    Johnson & Sheldon, PLLC
    Pampa Location
    2004 N. Hobart
    Pampa, TX 79065

    Phone: 806-665-8429
    Fax: 806-665-8804
    Email: blewis@amacpas.com

    Johnson & Sheldon, PLLC
    Hereford Location
    119 E 4th St
    Hereford TX 79045

    Phone: 806-364-4686
    Fax: 806-364-0826
    Email: khollingsworth@amacpas.com

    President’s Award
    35 Years

    Johnson & Sheldon, PLLC, is proud to be part of Aprio Alliance — a national association created by accounting professionals to help collaborative, growth-minded CPA firms thrive. This affiliation gives us access to leading expertise, resources, and best practices, while preserving what matters most: the personalized service and local insight you expect from an independent firm. Joining Aprio Alliance reinforces our commitment to exceptional client service and staying ahead of industry trends. While we leverage the strength of a national firm, we remain fully independent—maintaining our name, client relationships, and service approach.