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February Insights Newsletter

February Insights Newsletter

Now that we're in February, we have officially shifted gears into the 2024 Tax Season!
Retirement plan audit and contribution considerations

Retirement plan audit and contribution considerations

The evolving retirement plan landscape opens opportunities for companies to review employee compensation packages and consider changes to their plans.
Bad debt tax deduction method proposed for financial institutions

Bad debt tax deduction method proposed for financial institutions

Banks and insurance companies would see a simplification of their tax reporting of credit losses under proposed regulations.
Insourcing, outsourcing and co-sourcing: Which is right for you?

Insourcing, outsourcing and co-sourcing: Which is right for you?

Insourcing, co-sourcing or outsourcing fund administration? Navigate the pros and cons, and find what suits your firm's journey.
What are the benefits of managed payroll?

What are the benefits of managed payroll?

Managed payroll, also known as payroll outsourcing, can decrease risk, increase accuracy, protect sensitive data and better support your business.
ASU 2023-09 will require enhanced disclosures about income taxes

ASU 2023-09 will require enhanced disclosures about income taxes

Companies should prepare for a recent FASB update that requires enhanced disclosures about effective tax rates and income taxes paid.
Solving generation-skipping transfer tax problems

Solving generation-skipping transfer tax problems

We delve into five common GST exemption allocation problems and provide suggested remedies to mitigate potential unintended consequences.
7 reasons to consider payroll outsourcing

7 reasons to consider payroll outsourcing

Managed payroll, also known as payroll outsourcing, can decrease risk, increase accuracy, protect sensitive data and better support your business.
Understanding the Backdoor Roth IRA

Understanding the Backdoor Roth IRA

Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective tool for you.
January Insights Newsletter

January Insights Newsletter

Johnson & Sheldon, PLLC is excited to announce the addition of their newest Equity Partner, Alicia Pickens, effective January 1, 2024.
IRS Opens ERC Voluntary Disclosure Program

IRS Opens ERC Voluntary Disclosure Program

If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.
Rate normalization and the return of risk

Rate normalization and the return of risk

Conditions are ripe for the yield curve to continue to normalize as the long end moves to a range between 4% and 4.25%.

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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.