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Avoiding Common Mistakes in Transition Planning

Avoiding Common Mistakes in Transition Planning

Preparing your business for a future transition is crucial to its success. Learn how to avoid common mistakes and ensure your business thrives through any change.
U.S. tariffs and their impact on growth and inflation

U.S. tariffs and their impact on growth and inflation

While it is too early to quantify the tariffs' overall impact, a rough estimate implies between a 0.5% and 0.75% drag on growth this year and a one-time 0.6%.
The standard business mileage rate has increased for 2025

The standard business mileage rate has increased for 2025

Important news for businesses that rely on travel: the standard business mileage rate for 2025 has increased. Discover how this change affects your business’s bottom line in our recent article.
What to consider if you’re financing the sale of your business

What to consider if you’re financing the sale of your business

Financing the sale of your business can be a challenging process. This article outlines what you need to know and consider, helping you make a strategic move. Read on to ensure your business sale goes as smoothly as possible.
What would an estate tax repeal mean for you?

What would an estate tax repeal mean for you?

Estate tax repeal: What would it mean for your legacy? Regardless of potential changes to tax laws, estate planning will always be essential.
Business transition planning guide

Business transition planning guide

RSM explores how business transition planning can help establish your business legacy with strategic exit options for a successful business transition. Read more.
BREAKING NEWS: BOI Injunction Lifted

BREAKING NEWS: BOI Injunction Lifted

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.
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

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.
Tax implications of property upgrades: repairs vs. improvements

Tax implications of property upgrades: repairs vs. improvements

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.
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

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.
5 Reasons why people choose C corporations

5 Reasons why people choose C corporations

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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  • 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

    AICPA
    Texas CPA Certified Public Accountant

    We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.