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Spring cleaning your home: turning physical clutter into financial return

Spring cleaning your home: turning physical clutter into financial return

Most households are sitting on more idle capital than they realize - it's just tied up in closets, garages, and storage rooms. This article reframes spring cleaning as a financial exercise, exploring how unused possessions carry real costs, how clutter limits flexibility, and how a focused decluttering effort can convert dormant assets into liquidity, tax-efficient giving, and a simpler estate.
How a Bill Becomes Law: The U.S. Legislative Process Unveiled

How a Bill Becomes Law: The U.S. Legislative Process Unveiled

Explore the structured legislative process, learning how bills move through Congress, floor votes, and key tools that influence their progression.
Trump Accounts v. IRAs: A Child Savings Guide for Parents and Grandparents

Trump Accounts v. IRAs: A Child Savings Guide for Parents and Grandparents

Compare Traditional IRAs, Roth IRAs, 529 plans, and Trump Accounts to choose a tax-smart way to build wealth for your child and your future.
The USPS postmark change you need to know about before you mail anything tax-related

The USPS postmark change you need to know about before you mail anything tax-related

A USPS rule change means that the postmark on your tax-related mail may no longer reflect the day you actually dropped it off, and the IRS still uses that postmark to determine whether you filed on time. For taxpayers in rural areas especially, this gap could be the difference between a timely filing and a costly late penalty. Read on to understand exactly what changed, why it matters, and the simple steps you can take to protect yourself.
Federal innovation grants for small businesses renewed through 2031

Federal innovation grants for small businesses renewed through 2031

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs have been reauthorized and extended through September 30, 2031. The reauthorization includes several notable changes, including higher funding ceilings, expanded agency participation, new foreign-entity security screening requirements, and a new large-award allocation for qualifying businesses. Small businesses engaged in applied research and development across a broad range of industries should take note of these programs as a potential source of non-dilutive grant funding.
Filed an extension? How to use the time between now and October 15th

Filed an extension? How to use the time between now and October 15th

Filing a tax extension buys you time, but only if you use it wisely. From revisiting your April payment estimate to gathering missing documents and staying on top of current-year obligations, the months between now and October 15th are a valuable planning window. Read on to learn how to make the most of your extension and avoid a costly repeat of the same tax challenges next year.
The Great Wealth Transfer’ Impact to Real Estate Owners and Investors

The Great Wealth Transfer’ Impact to Real Estate Owners and Investors

Explore strategies you can leverage for 'The Great Wealth Transfer.' Learn how DSTs, 721 exchanges, and Opportunity Zones can help you transition to passive ownership.
Agricultural R&D: Key Lessons from George v. Commissioner

Agricultural R&D: Key Lessons from George v. Commissioner

Tax Court guidance underscores the importance of documentation while reaffirming that agricultural R&D can qualify for the R&D tax credit.
When unequal cash creates unequal risk: disproportionate distributions in S-corps

When unequal cash creates unequal risk: disproportionate distributions in S-corps

Disproportionate distributions in S corporations can trigger unintended tax consequences and even loss of S status. Learn where the risks arise and how strategic planning can preserve compliance while achieving unequal economic outcomes.
Turning RMDs Into a Strategic Advantage

Turning RMDs Into a Strategic Advantage

Required Minimum Distributions often feel like a penalty for saving well, but they don't have to drain thousands in avoidable taxes. With strategic planning, especially in the years before RMDs begin, retirees can reduce future tax exposure, avoid Medicare surcharges, and maintain more control over their income. The key is moving beyond simple compliance and treating RMDs as part of a coordinated, long-term strategy.
Making Hiring Work for Small Businesses

Making Hiring Work for Small Businesses

Hiring looks different today than it did even a few years ago - and for small business owners, the result is often the same: inboxes flooded with resumes, scattered candidate folders, and great applicants slipping through the cracks. The right hiring software doesn't make the process impersonal or complicated; it gives you back control so you can focus on finding the right fit.
Spring cleaning your finances: eliminating subscription and asset drift

Spring cleaning your finances: eliminating subscription and asset drift

Financial clutter, from forgotten subscriptions to dormant accounts, can quietly drain your cash flow and complicate your financial picture. A periodic review of your recurring charges, overlooked assets, and automated systems can uncover savings and restore clarity. Learn simple steps to ensure your money and financial systems are working as efficiently as possible.
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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.