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Pampa 806-665-8429
Hereford 806-364-4686
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Partnership distribution rules and complexities

Partnership distribution rules and complexities

Explore the intricacies of partnership distributions and uncover how they offer flexibility in profit allocation while presenting unique tax considerations. Delve into the fundamental principles, exceptions, and strategic approaches that can affect your tax outcomes and ensure seamless operations. Discover why clear agreements and professional guidance are crucial in navigating these complex regulations.
Data automation: Creating impact and long-term value

Data automation: Creating impact and long-term value

RSM analyzes how companies can satisfy the increasing need for high-quality data with data integration solutions. Learn more.
Unlock the Power of Your Numbers: Understanding and Improving Key Financial Ratios

Unlock the Power of Your Numbers: Understanding and Improving Key Financial Ratios

Understanding key financial ratios is key for restaurant owners to evaluate and improve their business health, plan growth, and manage risks effectively. These ratios offer insights into profitability, liquidity, and financial stability, serving as essential tools for decision-making and strategic planning.
New penalties for taxpayers in the One Big Beautiful Bill Act

New penalties for taxpayers in the One Big Beautiful Bill Act

RSM explains several new taxpayer penalties that the Big Beautiful Bill introduces. Learn more.
Successfully navigating emerging payroll reporting challenges and compliance

Successfully navigating emerging payroll reporting challenges and compliance

Successfully navigate emerging payroll reporting challenges and compliance with payroll processes for an increasingly mobile, global workforce.
Mastering Passive Activity Losses & Maximizing Tax Savings

Mastering Passive Activity Losses & Maximizing Tax Savings

Get clear on passive activity losses, at-risk rules, and exceptions for real estate professionals.
Three Trends That Will Fuel the Adoption of AI

Three Trends That Will Fuel the Adoption of AI

AI has finally shifted from headline hype to practical help because three new tools remove the friction that kept it bottled up: the Model Context Protocol, autonomous AI agents, and AI-powered browsers. Here’s how they’re turning chatbots into true coworkers—and why your business should care.
Business and professional services and the OBBBA: Implications of tax changes

Business and professional services and the OBBBA: Implications of tax changes

RSM explains how tax items in the Big Beautiful Bill could affect services companies. Learn how services firms can take advantage of OBBBA tax benefits.
No Tax on Tips and Overtime: What Trump’s OBBB Means for Hospitality, Retail, and Construction

No Tax on Tips and Overtime: What Trump’s OBBB Means for Hospitality, Retail, and Construction

Aprio Insights on the No Tax on Tips and Overtime: What Trump's OBBB Means for Hospitality, Retail, and Construction. Read the article.
The OBBBA Car Loan Tax Deduction

The OBBBA Car Loan Tax Deduction

If you're shopping for a new car, there's a limited-time tax break that could save you thousands of dollars. However, there's a specific window of time, the rules are strict, and you must act strategically to make it work. Watch our video to learn more.
The OBBBA expands QSBS exclusions: What it means for businesses and investors

The OBBBA expands QSBS exclusions: What it means for businesses and investors

RSM explains how the One Big Beautiful Bill Act expands exclusions for small business stock (QSBS) and the implications for businesses and investors.
SALT cap receives modest and temporary update in the One Big Beautiful Bill Act

SALT cap receives modest and temporary update in the One Big Beautiful Bill Act

RSM explains how the Big Beautiful Bill changed the SALT cap and did not meaningfully change PTET elections and deductions. Learn more.
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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: blewis@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.