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Tax traps for real estate investors and how to avoid them

Tax traps for real estate investors and how to avoid them

Uncover strategies to maximize benefits and minimize pitfalls, from understanding passive loss rules to mastering 1031 exchanges and differentiating repairs from capital improvements. Stay informed and effectively manage your investments amidst an ever-evolving tax landscape.
5 ways the One Big Beautiful Bill Act could help your company save on taxes

5 ways the One Big Beautiful Bill Act could help your company save on taxes

RSM explains 5 ways in which the Big Beautiful Bill can help middle market businesses save on taxes. Learn more.
The Ripple Effect: What Will State and Local Tax Look Like Under the One Big Beautiful Bill?

The Ripple Effect: What Will State and Local Tax Look Like Under the One Big Beautiful Bill?

The One Big Beautiful Bill introduces significant changes to state and local tax practices and policies.
A New Dawn for Business Tax: How the One Big Beautiful Bill Reshapes the Tax Landscape

A New Dawn for Business Tax: How the One Big Beautiful Bill Reshapes the Tax Landscape

Aprio Insights on the A New Dawn for Business Tax: How the One Big Beautiful Bill Reshapes the Tax Landscape. Read the article.
House reconciliation bill: AICPA’s concerns over some proposals

House reconciliation bill: AICPA’s concerns over some proposals

The House's One Big Beautiful Bill Act introduces tax changes that could impact pass-through entities and professional service providers. With concerns from the AICPA about potential complexities and unfair advantages, the bill is under Senate scrutiny. Discover the implications for tax planning and compliance and what stakeholders can do as the legislative process unfolds.
Market Minute: Why are mortgages so expensive?

Market Minute: Why are mortgages so expensive?

Mortgage rates have retreated somewhat since their 2023 peak but remain higher than what we would normally expect.
What is a cash balance retirement plan?

What is a cash balance retirement plan?

Curious about cash balance retirement plans? These plans can offer much higher contribution limits and potential tax advantages, but they also come with more complexity and commitment. Read on to see if this strategy might align with your goals - or if it's something to skip altogether.
Texas expands R&D tax credit; ends sales tax exemption

Texas expands R&D tax credit; ends sales tax exemption

Texas enhances R&D franchise tax credit structure to align more closely with the federal credit and to streamline administration for taxpayers.
Impersonation Fraud: Internal Controls for Front Line Defense

Impersonation Fraud: Internal Controls for Front Line Defense

Scammers can now imitate your bank, your vendors, even your own executives, often with AI-generated voices. Watch this video to learn about safeguards your company can use to block these look-alike attacks.
Scenario Planning: A Roadmap for Business Agility

Scenario Planning: A Roadmap for Business Agility

In a world of constant change and unpredictability, scenario planning empowers businesses to anticipate multiple futures and make informed decisions. This strategic approach helps organizations manage risks, optimize resources, and stay agile amidst economic volatility, technological advancements, and shifting consumer preferences. Discover how scenario planning can transform your company's resilience and growth potential.
What to do if you receive a notice from the IRS

What to do if you receive a notice from the IRS

Did you receive a letter from the IRS? Learn what steps you should take and mistakes to avoid in responding to a notice.
Understanding Safe Harbor 401(k) Plans

Understanding Safe Harbor 401(k) Plans

Navigating the complexities of 401(k) plans can be daunting for small and midsize businesses. Discover how the safe harbor 401(k) offers a simplified solution by easing administrative burdens while fostering employee financial well-being. Explore the advantages, key components, and strategic considerations to determine if it's the right fit for your business.
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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.