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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.
Permanent QBI deduction provides some tax planning certainty

Permanent QBI deduction provides some tax planning certainty

RSM explains how the Big Beautiful Bill made permanent the 20% deduction for qualified business income and what it means for pass-through entities.
Top 10 retirement plan internal control pitfalls – and how to avoid them

Top 10 retirement plan internal control pitfalls – and how to avoid them

Common retirement plan operational failures can be mitigated through proper oversight and development of processes and procedures.
Key Fiduciary Considerations Impacting Your Retirement Plan

Key Fiduciary Considerations Impacting Your Retirement Plan

As advocates of plan participants' interests, retirement plan fiduciaries must navigate the landscape of complex matters impacting retirement plans.
A tax-focused walk-through of the One Big Beautiful Bill Act 

A tax-focused walk-through of the One Big Beautiful Bill Act 

The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.
OBBBA restores higher business interest expense limit: How businesses can benefit

OBBBA restores higher business interest expense limit: How businesses can benefit

RSM explains how businesses can benefit from the favorable interest expense limitation restored by the Big Beautiful Bill. 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

    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.