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Inflation persists as spending rebounds strongly in September

Inflation persists as spending rebounds strongly in September

While inflation data came out slightly better than expected, the key wage inflation metric-the employment cost index-remained elevated.
What Is an S-Corp Election?

What Is an S-Corp Election?

Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
Expect More IRS Audits

Expect More IRS Audits

The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn how this might affect future audit activity and how much time the IRS has to audit you.
FASB to propose changes to related party leases guidance

FASB to propose changes to related party leases guidance

The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.
How the Student Loan Debt Relief Plan works

How the Student Loan Debt Relief Plan works

President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.
Fed raises its policy rate by 75 basis points and sees more increases

Fed raises its policy rate by 75 basis points and sees more increases

The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation.
Inflation Reduction Act: Reducing carbon footprint and tax liability

Inflation Reduction Act: Reducing carbon footprint and tax liability

Join RSM as we discuss how companies can reduce both their carbon footprint and their tax liability through new incentives created by the Inflation Reduction Act.
Sales tax considerations for exempt organizations

Sales tax considerations for exempt organizations

The application of sales and use tax to the activity of exempt organizations is complex and nuanced. RSM state tax and exempt organizations specialists explain what you need to know.
AI and machine learning: It may not be as difficult as you think

AI and machine learning: It may not be as difficult as you think

AI and machine learning solutions are now much more realistic for middle market companies, with the potential for increased insight and efficiency through automation.
The Clean Vehicle Tax Credit Program

The Clean Vehicle Tax Credit Program

The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.
Economic headwinds: Nonprofit

Economic headwinds: Nonprofit

The challenges of inflation can be difficult for nonprofits to overcome. But there are steps that nonprofits can take to limit inflation's negative impact.
5 signs your nonprofit needs to update its business processes

5 signs your nonprofit needs to update its business processes

Modernizing business processes has never been more crucial for mission-driven organizations. Key indicators let nonprofits know it may be time to upgrade their technology.

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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.