Amarillo 806-371-7661
Pampa 806-665-8429
Hereford 806-364-4686
Write Us a Review

Insights Gallery

The OBBB and ERC Audit Risk: Three Steps to Defending Your Claim

The OBBB and ERC Audit Risk: Three Steps to Defending Your Claim

The OBBB Act made changes to the Employee Retention Credit (ERC) program by retroactively invalidating certain claims and extending the statute of limitations for an audit to six years.
Financial Survival Guide for Startups

Financial Survival Guide for Startups

Spending all your time delivering for clients and letting bookkeeping slide? In this quick guide, discover the simple systems that protect your finances as a new entrepreneur.
The Overlooked Importance of HR in Growing Businesses

The Overlooked Importance of HR in Growing Businesses

For many small and midsize businesses, HR dysfunction isn't about negligence. It's about capacity. Most founders don't build their companies with an HR strategy in mind. Learn how to solve this problem with a fractional HR resource.
Attribution rules explained: how constructive ownership can affect your tax strategy

Attribution rules explained: how constructive ownership can affect your tax strategy

You may think you don't own a particular business interest, but the IRS might disagree. Under constructive ownership rules, the tax code can attribute ownership to you based on family relationships or entity structures. Understanding these rules before they impact your tax strategy is essential for business owners with family ties, trusts, or complex ownership structures.
Business meals and entertainment: A summary of tax deductions

Business meals and entertainment: A summary of tax deductions

Tax deductions for meals and entertainment expenses are complex and includes analyzing rules, exceptions, and changes effective in 2026.
You’ve filed an S election – now what? A practical compliance checklist for new S corps

You’ve filed an S election – now what? A practical compliance checklist for new S corps

Making the jump to S-corporation status probably wasn't an impulse decision; you looked at your books, saw profits piling up well beyond the salary you pay yourself, and decided it was time to stop paying self-employment tax on every extra dollar. However, the S election is more than just a single signature on Form 2553; it introduces a new set of rules.
Critical updates on energy credits

Critical updates on energy credits

The One Big Beautiful Bill Act (OBBBA) is changing the landscape of energy tax credits by accelerating expiration dates, leaving homeowners, businesses, and car buyers scrambling to capitalize on incentives for renewable energy and clean vehicles. This article covers several upcoming deadlines for anyone planning energy-efficient upgrades or investments.
Adapting to the OBBB: A Strategic Roadmap for Nonprofits

Adapting to the OBBB: A Strategic Roadmap for Nonprofits

OBBB's tax law changes reshape nonprofit strategies, fundraising, and donor incentives. Learn key updates and how nonprofits can adapt.
Amended guidance for measuring credit losses on short-term receivables

Amended guidance for measuring credit losses on short-term receivables

ASU 2025-05 provides a practical expedient for estimating expected credit losses on current accounts receivable and contract assets.
Transitioning a Family Business to the Next Generation

Transitioning a Family Business to the Next Generation

Learn effective succession planning tactics tailored for private clients and high-net-worth families aiming to secure their family business' future.
When Is the Right Time to Outsource Your Accounting and CFO Services?

When Is the Right Time to Outsource Your Accounting and CFO Services?

Knowing the right time to outsource your accounting and CFO services can transform your business. Discover what signs to look for, services to consider , and how to pick the right partner.
Updates on Reciprocal Tariffs and Implications for Your Business

Updates on Reciprocal Tariffs and Implications for Your Business

Key elements of the U.S. reciprocal tariff program are active, prompting importers and e-commerce firms to reassess logistics and trade posture.
No results found.

Monday - Friday: 8:00 AM - 5:00 PM
*Friday hours are 8:00 AM – Noon between Memorial Day and Labor Day
Closed Saturday & Sunday

Subscribe to Our Newsletter

  • Should be Empty:
  • 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: fbeavers@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

    AICPA
    Texas CPA Certified Public Accountant

    We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.