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Consumer confidence drops to lowest level since July 2022

Consumer confidence drops to lowest level since July 2022

Consumer confidence in April dipped to the lowest level since last July, driven by the deterioration in economic expectations as recession concerns mount.
FAQ: Capitalization and amortization of R&D costs under new section 174 rules

FAQ: Capitalization and amortization of R&D costs under new section 174 rules

See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
M&A considerations resulting from the new required tax treatment of R&D costs

M&A considerations resulting from the new required tax treatment of R&D costs

New requirements to capitalize and amortize R&D costs are affecting M&A buyers by introducing costs and tax liabilities.
Health savings account benefits for employees and employers

Health savings account benefits for employees and employers

Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
This week in energy: Surprise OPEC+ cuts, energy project legislation, electricity demand growth

This week in energy: Surprise OPEC+ cuts, energy project legislation, electricity demand growth

We examine the aftermath of the OPEC+ surprise cut announcement, a proposed bill to expedite energy projects, and transmission constraints on electricity demand growth.
IRS Dirty Dozen Top Tax Scams To Avoid

IRS Dirty Dozen Top Tax Scams To Avoid

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
Are the good times in consumer spending coming to an end?

Are the good times in consumer spending coming to an end?

Consumers have shown remarkable resilience as the economy has rebounded from the depths of the pandemic, but that could be changing.
FASB issues ASU on leases between entities under common control

FASB issues ASU on leases between entities under common control

FASB issues ASU responding to private company stakeholders’ concerns about applying ASC 842 between entities under common control.
FASB proposes guidance on crypto assets

FASB proposes guidance on crypto assets

Recently proposed FASB guidance would improve accounting and disclosure of certain crypo assets.
Jobless claims inch up while revised GDP shows softer growth

Jobless claims inch up while revised GDP shows softer growth

New filings for jobless benefits inched up to 198,000 last week from 191,000 earlier, staying below the pre-pandemic level, while fourth-quarter gross domestic product was revised down slightly from a 2.7% increase to 2.6%, driven by a sharp downward revision to personal consumption.
The great deposit migration, moral hazard and a fragmented banking system

The great deposit migration, moral hazard and a fragmented banking system

The recent financial shock has exposed the underlying problem in the banking sector: A flawed regulatory framework treats small and medium-size institutions unequally compared to their largest competitors.
Catch-25: Fed hikes rates amid financial stability risk

Catch-25: Fed hikes rates amid financial stability risk

The Federal Reserve finds itself as it lifted its policy rate by 25 basis points on Wednesday amid a quickly evolving global banking crisis.

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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: 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

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    RSM Alliance
    Texas CPA Certified Public Accountant