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New year, new rules:  What to know about IRS changes taking effect this month

New year, new rules: What to know about IRS changes taking effect this month

The IRS and Congress have enacted tax law changes and regulatory updates that take effect this month and will impact individual taxpayers, employers, retirement plan sponsors, and businesses of all sizes. From tax filing to retirement planning, here are a few key things you should know about what’s new this year.
Crisis-Proofing Your Business: Strategic Response Tactics

Crisis-Proofing Your Business: Strategic Response Tactics

Learn how to prepare for and respond to a business crisis with proven strategies. This guide covers real-world missteps, leadership tactics, and financial planning tips to help your business recover and thrive.
The Capital Gains Tax Traps Even Savvy Investors Miss

The Capital Gains Tax Traps Even Savvy Investors Miss

Think you know how capital gains work? Think again. Here are 4 surprising capital gains mistakes investors make—and how to avoid a surprise tax bill.
Revocable vs. Irrevocable Trusts: What’s the Difference?

Revocable vs. Irrevocable Trusts: What’s the Difference?

Trusts are powerful estate planning tools, but not all trusts are created equal. In this video, we break down the key differences between revocable and irrevocable trusts, including control, tax treatment, creditor protection, and long-term planning implications. Whether you're building a basic estate plan or preserving multigenerational wealth, understanding these two foundational trust structures is essential.
Employer’s Guide to Year-End and 2026 Payroll Tax Changes

Employer’s Guide to Year-End and 2026 Payroll Tax Changes

Stay current on 2025 year-end and 2026 payroll tax updates: SUI, FUTA credit reductions, social security limits, paid leave, and OBBB changes.
Beyond basis: understanding at-risk limits on loss deductions

Beyond basis: understanding at-risk limits on loss deductions

Learn how basis and at-risk amounts work together to determine loss deductibility in partnerships and S corporations, and why tracking both is essential for compliance and tax planning.
Catering to luxury travelers: trends affluent Americans are willing to pay for

Catering to luxury travelers: trends affluent Americans are willing to pay for

Affluent travelers are spending more, but with new priorities around privacy, wellness, and meaning. For business owners in hospitality, wellness, and adjacent industries, these shifts present real opportunities. Here's how to align your offerings with what high-net-worth clients are willing to pay for now.
IRS penalties are complex, but there are paths to relief

IRS penalties are complex, but there are paths to relief

RSM US explains common IRS penalties and relief options, including reasonable cause and first-time abatement.
From holiday rush to year-round growth: turn seasonal shoppers into loyal customers

From holiday rush to year-round growth: turn seasonal shoppers into loyal customers

The holiday season offers more than a revenue spike for business owners; it’s a unique window to build lasting customer relationships. Let’s explore how to align your messaging with the shopper mindset, position your offers, leverage multi-channel reach, and convert one-time buyers into loyal customers while keeping your operations strong.
Shaping stronger nonprofits: A look at our impact on the nonprofit community

Shaping stronger nonprofits: A look at our impact on the nonprofit community

RSM US has published its 2025 nonprofit industry lookback report. Learn more about the firm's impact on the nonprofit sector.
Hiring your child: tax perks and potential pitfalls for families in business

Hiring your child: tax perks and potential pitfalls for families in business

Hiring your child in your business can offer powerful tax advantages while teaching financial responsibility and supporting long-term wealth planning. Learn how to structure it properly, avoid IRS pitfalls, and make the most of this overlooked family strategy.
Top trends for tax technology in 2026 and beyond

Top trends for tax technology in 2026 and beyond

Ideas about tax technology and digital transformation in 2026 and beyond, as explained by tax technology leaders at RSM US LLP.
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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

    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.