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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.
What does SECURE 2.0 mean for small employers?

What does SECURE 2.0 mean for small employers?

SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
Tax-exempt organizations: Clean energy incentives and direct pay

Tax-exempt organizations: Clean energy incentives and direct pay

The IRA enables tax exempt entities to realize liquidity for certain energy related credits and incentives.
Fed launches $25 billion lending program to prevent bank run

Fed launches $25 billion lending program to prevent bank run

The $25 billion Bank Term Funding Program was necessary to prevent a much larger crisis that would spread through the financial channel to the real economy and almost certainly tip the economy into recession.
ESG explained: What companies need to know

ESG explained: What companies need to know

Environmental, social, and governance is now a key success factor for many companies. Learn more about ESG's potential issues, risks, and opportunities.
RSM again calls on Congress to address problematic changes to R&D tax law

RSM again calls on Congress to address problematic changes to R&D tax law

RSM has submitted a second comment letter to Congress addressing the requirement to capitalize and amortize R&D expenditures under section 174.
FASB votes to simplify accounting for common control leases

FASB votes to simplify accounting for common control leases

For common control leases, the FASB is drafting amendments to simplify determining whether a lease exists, the classification of the lease, and accounting for leasehold improvements.
Proposed regulations on using forfeitures in retirement plans

Proposed regulations on using forfeitures in retirement plans

Proposed regulations REG-122286-18, released Feb. 24, provide guidelines for plan administrators to use forfeited amounts in retirement plans.
Properly Funding Your Living Trust

Properly Funding Your Living Trust

Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.

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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