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BREAKING NEWS: BOI Injunction Lifted

BREAKING NEWS: BOI Injunction Lifted

By Johnson & Sheldon | February 20, 2025
On Tuesday February 18th a federal district court in Texas lifted the last remaining nationwide injunction that had halted the BOI filing requirement, resulting now with most small businesses required to file their BOI reports now due March 21, 2025.
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IRS appraisal rules: what you need to know before gifting or donating noncash assets

IRS appraisal rules: what you need to know before gifting or donating noncash assets

By Johnson & Sheldon | February 18, 2025
Looking to donate or gift noncash assets? Don't do it without understanding the IRS appraisal rules first! Delve into our article to make sure your generosity won't bring unexpected tax complications.
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Tax implications of property upgrades: repairs vs. improvements

Tax implications of property upgrades: repairs vs. improvements

By Johnson & Sheldon | February 14, 2025
Navigating the fine line between repairs and improvements on your property can significantly impact your tax liabilities. Discover how the IRS classifies these expenses, explore key safe harbors, and learn strategies to maximize your tax benefits. Dive into this comprehensive guide to ensure you're making informed financial decisions when tackling property-related projects.
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Asset sale vs. stock sale: what business owners need to know before selling

Asset sale vs. stock sale: what business owners need to know before selling

By Johnson & Sheldon | February 12, 2025
Deciding to sell your business? Navigate the complexities of asset sales versus stock sales with our comprehensive guide. Discover how each structure impacts taxes, liabilities, and proceeds to make informed decisions that optimize your deal and safeguard your hard-earned success.
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5 Reasons why people choose C corporations

5 Reasons why people choose C corporations

By Johnson & Sheldon | February 10, 2025
Curious whether a C corporation could be the right fit for your business? In just a few minutes, you’ll learn five key reasons founders choose the C corporation structure. Find out how these benefits could shape your company’s future.
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Morning market minute: The rising concentration risk in equities

Morning market minute: The rising concentration risk in equities

By RSM US LLP | February 7, 2025
For the first time since the dot.com bust in 2001, the difference between the equity earnings yield on the forward-looking S&P 500 less the yield on the 10-year Treasury has declined into negative terrain.
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Mitigating liability as a 401(k) plan sponsor: your role as a fiduciary

Mitigating liability as a 401(k) plan sponsor: your role as a fiduciary

By Johnson & Sheldon | January 29, 2025
Offering a 401(k) plan to your employees is not just a perk—it's a significant fiduciary responsibility under ERISA that requires careful oversight and compliance to shield both the plan and its participants. Discover the core duties and common pitfalls that come with managing a 401(k) plan, and learn best practices for mitigating liability while securing your team's financial future. Stay informed on regulatory changes and proactive measures to protect your organization in this detailed guide.
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Tax Season 2025: Key Tips for a Smooth Filing

Tax Season 2025: Key Tips for a Smooth Filing

By Johnson & Sheldon | January 24, 2025
As January winds down, tax season is officially here! To help you navigate the process smoothly, here are a few essential reminders.
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2025 Tax Filing Deadlines: Key Dates to Remember

2025 Tax Filing Deadlines: Key Dates to Remember

By Johnson & Sheldon | January 24, 2025
Stay on top of your tax filing obligations with this quick guide to the 2025 filing deadlines.
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2025 Federal Payroll Tax Changes

2025 Federal Payroll Tax Changes

By Johnson & Sheldon | January 23, 2025
Stay updated with our comprehensive review of the 2025 federal payroll tax changes.
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    • Johnson & Sheldon, PLLC
    Amarillo Location
    500 S Taylor St Suite 200
    Amarillo, TX 79101

    Get Directions

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

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

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

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

    Get Directions

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

    AICPA
    Texas CPA Certified Public Accountant

    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.