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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.
What Is the Federal Acquisition Regulation (FAR) and How Is It Used?

What Is the Federal Acquisition Regulation (FAR) and How Is It Used?

Learn what the Federal Acquisition Regulation (FAR) is, how the FAR Overhaul and EO 14402 are reshaping federal contracting, and how contract types affect risk.
Hiring family members in your small business: tax advantages and mistakes to avoid

Hiring family members in your small business: tax advantages and mistakes to avoid

Hiring family members can create real tax advantages for small business owners, but the rules depend on entity type, relationship, age, reasonable compensation, and payroll compliance. Here’s what to know before putting relatives on payroll.
Newly married this year? The tax changes couples miss

Newly married this year? The tax changes couples miss

Getting married triggers significant tax changes that catch many couples off guard, from a new filing status that takes effect the moment you say "I do," to withholding gaps that can result in an unexpected tax bill in April. Beyond filing and withholding, newlyweds also need to address name and address updates, healthcare coverage decisions, HSA eligibility changes, and dependent-related credits before year-end. Tackling these adjustments proactively, rather than waiting until tax season, helps couples avoid penalties, protect their refunds, and start their financial life together on solid footing.
Don’t waste a good year: 2026 retirement and HSA limits worth using

Don’t waste a good year: 2026 retirement and HSA limits worth using

For 2026, the IRS has raised contribution limits across retirement plans, IRAs, and HSAs, giving high-income households more room for tax-advantaged saving. The households that benefit most are not simply those that max out every account, but those that act early and decide deliberately which accounts to prioritize, how to coordinate Roth and pretax decisions, and how contributions fit within a broader tax and cash-flow plan. With the right strategy in place at the start of the year, these higher limits become a meaningful planning opportunity rather than a number on a checklist.
Choosing Sales Tax Software That Fits Your Business

Choosing Sales Tax Software That Fits Your Business

Automation can reduce sales tax burden and prevent costly errors if you choose and properly configure the right tool for your tax strategy.
Financial strategy for mid-career and peak earning years

Financial strategy for mid-career and peak earning years

Mid-career success often brings a more complex financial picture, and the strategies that worked early on may no longer be enough. From managing higher tax exposure to protecting the wealth you've already built, peak earning years come with both greater opportunity and greater risk. This article breaks down the key planning moves to make now so you have more choices later.
Five Operational Levers to Improve Cash Flow Without Raising Prices

Five Operational Levers to Improve Cash Flow Without Raising Prices

Improve your business cash flow without the need to raise prices. Here are practical strategies in managing your accounts receivable, accounts payable, working capital, cost reduction, and cash flow forecasting in the Canadian business climate.
The R&D Tax Deadline You Can’t Afford to Miss

The R&D Tax Deadline You Can’t Afford to Miss

For taxpayers who invested in R&D between 2022 and 2024, a one-time retroactive window closes on July 6, 2026.
Financial strategy for early career professionals and young families

Financial strategy for early career professionals and young families

The early career and young family years bring a rapid increase in financial complexity, as growing income, expanding responsibilities, and long-term decisions around saving, investing, and taxes all converge at once. Read on to learn how a coordinated financial strategy now can create meaningful wealth-building momentum for years to come.
Beyond the 1031: Three Gain Deferral Strategies Every Real Estate Investor Should Know

Beyond the 1031: Three Gain Deferral Strategies Every Real Estate Investor Should Know

Insights on the Beyond the 1031: Three Gain Deferral Strategies Every Real Estate Investor Should Know.
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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.