Insights Gallery

What You Need To Know About Form 1099-NEC

By Johnson & Sheldon | January 19, 2021

In 2020, the IRS introduced Form 1099-NEC for reporting nonemployee compensation. Learn about Form 1099-NEC and how it differs from Form 1099-MISC.

2020 Year-End Tax Planning for Businesses

By Johnson & Sheldon | November 17, 2020

As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we'll cover strategies that may help you reduce taxes on business income.

2020 Year-End Tax Planning for Individuals

By Johnson & Sheldon | November 17, 2020

As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we'll cover ten strategies that may help in reducing your tax bill.

Pairing a Pour-Over Will With Your Trust

By Johnson & Sheldon | October 30, 2020

Does your estate plan include a trust? If so, you should know about an estate planning tool called a Pour-Over Will which helps ensure that all assets are moved into a Trust after an individual's death.

Donor-Advised Funds: Giving with a Tax Advantage

By Johnson & Sheldon | September 9, 2020

If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.

2020 Mid-Year Tax Planning Tips

By Johnson & Sheldon | August 25, 2020

Although the deadline for filing 2019 taxes may have just passed in July, it's already time to think about your 2020 taxes. By looking at your tax situation now, you’ll be able to better plan and implement strategies to minimize your future tax liabilities.

Executive Order: Payroll Tax Deferral

By Johnson & Sheldon | August 12, 2020

On August 8, 2020, President Trump signed an executive order directing the Secretary of the Treasury to permit employers to defer certain payroll tax obligations. Watch now to learn about the Order and the payroll tax deferrals.

Payroll: Changes to Form 941

By Johnson & Sheldon | August 10, 2020

Starting with the second quarter of 2020, employers will have to use the newly revised Form 941, the Employer's Quarterly Federal Tax Return. This revised form enables employers to report wages, credits and deferrals related to the CARES Act and the Families First Coronavirus Response Act. Watch now to learn about the changes to the form.

The Benefits of a Fractional CFO

By Johnson & Sheldon | July 29, 2020

As your company grows, the need for greater experience and more sophistication in accounting and finance will also grow. If your company is facing the question of whether or not to hire a full-time CFO, you might want to consider a fractional CFO instead. In this video, we explore the benefits of having a fractional CFO.

Scenario Planning: Prepare for the Unexpected

By Johnson & Sheldon | July 10, 2020

What if your organization was already prepared to respond to the challenges brought about by COVID-19? Scenario planning is a savvy management tool that helps organizations deal with the uncertain world in which we live.

Succession Planning for Business Owners

By Johnson & Sheldon | June 23, 2020

Succession planning is essential for business owners to ensure that their business will survive, if not thrive, through a transition of leadership. In this video, we'll cover why you need a plan and key components of a plan.

Main Street Lending Program

By Johnson & Sheldon | May 7, 2020

In response to the COVID-19 pandemic, the Federal Reserve authorized the establishment of the Main Street Lending Program which will provide up to $600 billion of loans to small and medium-sized businesses. Watch this video for an overview of how this new program may help your business.

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Amarillo, TX 79101

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