Insights Gallery
Content Type:
Industry:
Service:
- All
- Audit
- Business Applications
- Business Strategy
- Business Tax
- Cybersecurity Risk
- Data Digital Services
- Digital Transformation
- Family Office Services
- Financial Consulting
- Financial Management
- Managed Services
- Managed Technology Services
- Management Consulting
- Mergers & Acquisition
- Private Client Services
- Risk Consulting
- Transaction Advisory
Topic:
- All
- AICPA Matters
- Artificial Intelligence
- Covid-19
- Cryptocurrency
- Cybersecurity
- Data Analytics
- Digital Assets
- Digital Evolution
- Economics
- Election
- Employee Benefit Plans
- Employee Benefits
- ESG
- Financial Reporting
- Inflation
- International Standards
- Labor and Workforce
- Lease Accounting
- PCAOB Matters
- Policy
- Revenue Recognition
- SEC Matters
- State Tax Nexus
The Quiet Risk of State and Local Payroll Tax Reporting Gaps
Payroll tax gaps often emerge when employee work locations and tax reporting fall out of sync. Learn where exposure occurs, what is at risk, and how employers can identify and correct issues before state agencies do.
Retirement Plan Oversight: Four Ways to Reduce Risk
ERISA keeps retirement plan oversight with the sponsor. Four ways fiduciaries reduce risk: form a committee, monitor your TPA, assign ownership, act fast.
Form 990 filing mistakes that can undermine your nonprofit’s credibility
Form 990 is more than a tax return; it's a public document that donors, grantmakers, and regulators use to evaluate your nonprofit. Common mistakes in filing, reconciliation, and narrative disclosures can raise questions about financial stewardship or put your tax-exempt status at risk. This article outlines the key errors to avoid and how to build a more reliable year-over-year filing process.
Construction accounting that reveals problems early: job costing, change orders, and WIP reporting
Construction businesses can stay profitable on paper while margin quietly slips away on individual jobs. This article explains how job costing, change-order management, and work-in-progress reporting work together to surface problems early. Learn what to look for in each system and how to keep all three telling the same story before issues become year-end surprises.
The Rise of Captive Insurance: What Every CPA Should Know
Captive insurance is going mainstream for middle-market companies. Learn what captives are, how they're structured, and what every CPA should know.
Divorce and your tax return: what the settlement may not resolve
A divorce settlement divides assets and establishes legal rights, but it does not resolve every tax question that follows. Filing status, child-related benefits, property basis, retirement transfers, and prior joint return liability all require a separate tax review. Understanding where the settlement ends and tax law begins can help you avoid costly surprises after the divorce is final.
IRS raises the standard mileage rates for the second half of 2026
The IRS raised the standard mileage rates for the second half of 2026, effective July 1, with the business rate increasing from 72.5 cents to 76 cents per mile. Taxpayers who use their vehicle for business, medical, or qualifying moving purposes will need to track mileage separately for each half of the year. Learn what the new rates mean for your deductions, reimbursement policies, and recordkeeping.
IRS introduces automatic penalty relief for taxpayers with a strong compliance history
The IRS is replacing its First Time Abate program with a new Automatic Exemption from Penalty (AEP), which will automatically prevent certain penalties for eligible taxpayers with a strong compliance history. Starting with 2025 tax year returns and 2026 quarterly returns, qualifying individuals and businesses may avoid failure-to-file, failure-to-pay, and failure-to-deposit penalties without needing to call the IRS or submit a separate request. Understanding the eligibility requirements and transition timeline is key to making the most of this change.
Non-Deductible IRAs: A Sound Way to Save Even More for Retirement
You may want to consider a nondeductible IRA to help supplement contributions to an employer-provided plan.
IRS provides gift tax safe harbor for Trump account contributions
The IRS just made it easier for families to fund Trump accounts without triggering an unexpected gift tax filing requirement. In Revenue Procedure 2026-25, the IRS established a safe harbor that allows qualifying donors to contribute cash to a child's Trump account and skip Form 709 entirely, as long as key conditions are met. Here's what you need to know before making contributions.
Why AI Will Never Replace the Strategic Advisor
As AI is transforming finance, the role of the strategic advisor is becoming even more important in guiding business decisions.
State tax nexus in 2026: what business owners need to know about unexpected tax obligations
If your business sells online, has remote employees, or uses third-party fulfillment, you may owe taxes in states where you've never filed a return. Learn how physical presence and economic nexus rules work, what triggers an obligation, and what to do if your business has unexpected exposure.
No results found.
Monday - Friday: 8:00 AM - 5:00 PM
*Will be closed Fridays between Memorial Day and Labor Day
Closed Saturday & Sunday
Subscribe to Our Newsletter
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
Johnson & Sheldon, PLLC
Hereford Location
119 E 4th St
Hereford TX 79045
Phone: 806-364-4686
Fax: 806-364-0826
Email: khollingsworth@amacpas.com
President’s Award
35 Years
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.